, 1877-09-01
Judge Grants Ignorance OF
rong-Doing---Bulk-
ley's Record.
The Run on Other Banks Sub.
stantiaIIy at an End-.-Ois-
gusted Creditors.
A CONFERENCE.

john Wentworth, tho HuH. NllllAEi Aldrtrl',
Marion A. Decker, Michael keeley, and Mr..
Bishop. Mr.. Wentworth was closen 10 preside.
s1,h Alr. Decker was set TO work 10 act rs Hecre-
larry. The meeting was held with closed doors.
and. although those loors arc fitted up With
rcry superior article OF platc-gfass, through
shiclt lie Reporters gould look, yet those ncws
s1tl,erlng individuals could mot dlstlngutsh with
NV degree Of certainty what was said, and the
.csules nad to be obtained after the meeting
Wis uycr through the pump.handlc process
According tu the beat information that can Le
>btnineh. ..........-."
TIE r1nsr THING ,tR. WENTWORTH DID
xas to dive down futo tho depths 0f his pants /
pockets for III ounce Of l'ne-cut, Which ale pro-
:cr'lcJ, with II dcitcrullon truly alnllrnples ~ |
Inc yast laws hogan to work quantity OF thD
arvht. yenw lntle was very naturally genera
ed. After oi1c Or two very toretbEc cxpgetora.
ions VI the nicotine tntn sptttoon which stool
iiout teu feet oft. Long john settled himself
,sry eoosay IN fs sSSest rs sa!r y sas
rally for business. Had the Assignee anything |
u present tendne 70 show tl1c. condition Of |
this busted c0neernt t"
Col. TAYLOR said he Ind, and thcreupon placed
before tho committee the following
SUMMARY or THE ASSETS
~ iur as he had discovered them, the statement
haylng first been completed by Ills clerks:
!!ss ,ts s:at1 ;dons !ons' ,nns,E me,y bs Sd
Unsecured loan4 doubtful. ........... O. 01l
bond, OF nf! descriptions. .......".,.. cM, III
tsna Ssher ve ont.1tc real t,tsts icnot,cd 10
belong IL The hank. bnt the slet.t VI
which cannot bc found, 500, 0O0 to-. ,200, 600
s.,asG. 10.
OF course this statement required moro or
lc's e1plunatlou. and tho explanations led to
considerable discussion md the figuring out III
estimates ny to how much lepoattors could rrat.
i:c m thu dollar. Col Taylor explained that
tt,c list was not absolutely correct. Ills assist
unts were continually turning lip something Or
vnluc might yet le discovered. No account had
been mair of TIC cas1! o'. l,ard and In nanKs.
for 1he reaso,, that It lad not been countcl By
70 to amount % to scs"sthtInF HRso ss3.ooe.
in the afternoon mi ascertain the amount e
The last cent. OF the st.:'ls5 in botds q AZ
weTs Ii u ti,o t,hieaso i Caiumc, canai i Dosk
Company: ana worc wurth, according to Mr.
John c. Iialncs, about ~ cunts IN thG dollar.
4al,c corporation, which. according to u'l re.
parts, wis worth inst about what 4 would
trnx lnr old paper and no more. Tho bank
hulldlDg mud luta latl originally ct,st S;a@'ooo0
Wentworth, expressed thc oainion lint oven that
WI. htgl, figure in these times Ut depreciation
III real es.ntc. some Of tito CurnI,ittce, Indeed
l~ majority thereof, we'e o. opinlon that. ersi
reaxs trun y to 20 cents uil the ,Iol!ar.
After considerable tulk nf morU Or less
dtHultoFy ,!athrc,
COT, TAYLOR wAa INSTRUCTED
scattered about tlse County Of Cook in this
name ~ u. y. Spencer, mud u proceed 10 take
measures for tho la.tttntlon Of crltntnai pro-
Seet.!ngs aranst such Of the bank officers an
s!lbIcs.s for. vrtmlnnl prosecution by
ubsirutt'ng thu lunis und securities
u liz bai,k. Tl!r Committee also
sstrs II - !" s H. eys"s 1t
naele Ut suctnk All lepos!tors art hrFuby
reluettci to attend anil bring their paas-books
viii, them, as none not haY,ng that, or other
evidence that they are m truth aud III TACT &c.
positors. Will be admitted. After transacttng
Ills business the Cunlnttee adjourned 10 meet
tl4ls morning at 10 n'citHk.
ACCORDING TO NK. WENTWORTH,
who subsequently unburlened himself 10 Fr-
purter, tho Committee fuunL everything sutla-
lartory with regard to Col. Taylor, whu, le aatd,
Expressed u w!iingne,s to resign at any tlnc
ri ar ansbodf eise i
The examination Of what was submitted
10 them. tho Committee had arrived at tho de-
liocrase conclusion that the bank was anc ol
swln.lrs EVER perpciratcd on any community,
Mr., Wentworth took verr gloomy view ot the
whole mastrr, gotag ~ Tar - 10 lay that tho
rash assets were mt enough to give Il tepostor
single dollar. As for tho accurttics aHi uthrr
assets, they were toun1 10 be 70 salr,nken ~ "a
be little better than Just nothing. although |!
Nus pus.iblc tAat an Intelligent ami economical
administration ot affairs would, la the course o'
three or toGr }tars, rcsult In thc dc
nosltors getting rs cents on the dolat
lhr Cosnmlttee. he said, was very lnact
divided us to their iaras ou tho subject, some o
.hc more A"petul ones estimating at E,f cent
uu the dollar, Mh!lu others did not believe tllt
Thing would pau uut more than ~ Or 26 cents
According 10 Sir. Mentwostl, the tash OH ha',e
lno,t couc'usisely tlat tbs t'stautter. were cool
deliberate, aud systemat!c iu thelr plans 4
t!vccc the depo.ttort. ME. Wentworth a}st
nsl.'l that thr Assignee aud the comn,!tte'
iIcu that ,hc Assgnse woul ID steal ANYTHING, =
tolne rash people were fond Ut alleging, s1snpl
ior the seAsou that Col. IayEor was too honest
man tn do anything Of the kind, and for th
ultEer rcason that there Was nothing |<lt fu
Eini to iake'csen II he desired to.
lua talk which IninGsE reporter hai wit
Co, IA,l'r afterwards, that gentleman reltcl
Ii. y ,s;iun il lie depo.i,urs would Ef. goo.
iIpneat tnan u take his p!are. A. for hlnisetl
tc had ha'l ay,us all he wanted Of tAe ottlet
Anu sI'oul1 hare nu ob,cctiou to letttng th
Bs4ntlc fall OH somebody clse'a shoulders.
i CRIMINAL CnAHUk.
fhort1s aIter the eunfcrcucs WIS oyer Mtchat
kec'eY, uf liz Cufnnlttcc, and Col. TAYLOR wsu
:ausaltatfen with that olilsc. In regard to 1a'
lug steps fur The aTse$t' of Mr.. Sptnces Co
lasIvf expfesscd hln,aelf very strongly on Il
.ubjrvt, saylp: that evidence lad bccu obtatnc
aAieh .nale it 4tsuluteiy necessary tt:
:Le gx.l1estdent should be brought bael
.ud that le was willing to stand
considerable sAure vi whatever expenses vel
uveessary ~ dosug T.. Mr., Kee!ey was u:
strongly III favor VI bTiugtn: back Spencer, al
tlc ruu-awaY cashier auA Assistant Cashlc
aud was nlao ready to cooperate wlth .lonr
eupt Hickey tuok the matter under consider
the 4u.,ltyc, III usd1r iA.t sLeu |. il ii cover.