, 1877-09-25

Rescnne stAmps..".... 4...+.....s-... w.
n Nsnk an'' :po,itory baii.iIna
Property account. including a1turcs... II. 40
sufa-dcposit yaultA. 1"1.Eso
...... 81, $50, I'll
LtAptf1T1EB. .
Cantal. ............H. ......+s ..s.sss.t.$ xV.VW
Hnr1ins ;.:...'.'.'.....*.''", -. '.'.. AM,'MH
l'roGt and iohs ..-'.......... .-....... y ~
Duo dcp0sttorG.. ......n..... LH7,o1t
s., eBo. eli
From tl,is II appears that be had fG!u, ,7l0 n
cash and bnt,tls, which Was Immediately avail.
able f'1tt l,c ad a1sp .......-.
CONSIDERABLE COMMERCIAL nUslNRsa
to take cpsa Vi. Lis tla always persisted In rrin-
ming thIs branch, aud claimed " gus titno that
IL amounted to s4oo, ,o0 or *5oo'ouo 'rlts, how,
saea; s,eo;an. t.'as 70 a'odt siSS' '6o st " ~"
immediately prior to tho suspension If tue
State SzvinEs, Sir. 1lAlncs WA the person to
S" @ H. H. ss s5sa spsal ~ l. Ia sve Il 5sea s y 5e
pcrsuadetl At that time of tho sulvencY and tho
honesty Of Nj. Spencer. l1c ,ytslted mum;
ss ss o. ia 'aHss fsp s Il sa and hi Tho eqSa sat
urslay preceding tho aaaiennent was appareptly
convinced that arrangements had boon u,ada by
wl!lcl leans could 10 obtained frotn tue banks,
and Mt, Spencer tilcd orcr; a. lcast he 20 told
in1 OF the 6tate Savings would cause au tn,mc-
ilote run upon Ills own establishment, and that
tho safety Of QUO concern depended to eons!d-
GtAQl6 GXtGnE upon tI6 EO1t1HlAT1Ct VI klS
other. The .nnsll-l'p ot the stats did !,uso sn
Immediate run upon the Fidelity. TIC first
pressure upon him wns to take care Of thfh con'-
tncrctal business and TINT took out at onc
Although each dcpositor WINS allowed hut
snail a1nuunt, 'and the thirty md sixty-lay
notice rule wss gnf9resd, vt tl'e drain, was !
| At Ills suggestion q gentleman Of admitted
capacity connected with one Of tho city bauks,
looked a. anl
spclIling apont MI hour and half Ii thu upcra-
tlon. Tho rough schedule which hc thcn tlado
out was "a follows:
I,ank bnil.l!ng and real cstac. .......9 SIC, 600
Fsyo hundred and slxtS acres Calumet -
othss real s:iaio ani ia. s.a,s fote- -'o
s'sx %s;ts.ss: @ sad suspended papaf .aa NV NV
tnot badl-nboat'.. .....-.'..... !10, 90n
Convertible r within sixty day::aisoat:.. 40o, ooS
Dad and worthless paper: including ~. ~,
| 81, 73o. 600
r-,. AAnfI1TIsEss nm 49,,
Capital ani satpius......... Soo, 600 1900. 900
IIu said to Mr. fIaines ttnt on this showing
there WINS really nothing OH which Other banks
could lonl him any money; and be advised him,
daio thu nila'ra u tue bank himself. ii he
a.lopted the lnttcr course the beat thing TO DO
WA to take bis largcst dcposIsors, VI whom
half tic deposts, aild sec II he could not pay
them of to a certain cxtcnt III ln.,tl. IIe had
those b5o acres OF Calumet property which ho
son p'ot nnd "1Tk on y this Wy IT, sstt!e tbs
as os'tors' % the u.s. ~ u; ti IT, uni MI ssoo Ss pcie IT,
could DO pail otf gradually as he rcalhoi
upon his slow mortgages, euspei'<ied paper, and
gnrl te the, disposition Of tho claims OF The
largo tlcN,sitors was not met with faYvr by Mr..
lInlncs: Two or three persons .alfeHl On hin,
thoIr c4aitns amounting to perhaps 5000 or
mortgages In sett!eucnt or part mortgage Md
part cash, but he declined to ilc.l With tl,cn
lANxp0rKLr AFTER Tl1a suspEssIos oS Tus
Nj, Is.ines had iores Stint tia. he would pull
through, He believed that JOHN Woutworth.
md perhaps others, would come to lts ald, and
MI Wentworth. IN certain way, dht what he
occasionally that 1iaiucs would pull through,
and did what Eio could to shcll him froM ply
uttacka Of irsltated .iepositors In hDencer's In
stllntiou. MIR: Wentworth was caught onca,
the flrst meeting Of thu atats Savings deposit
ors. Tie WIS tulkinu away, and asked tho
crowd who was responsible Tor the dofcat Of the
sgpe ay pfGSakas ks III FL. asen;oa ws .e a
awer The auestton hIuIself with ..5penecr,". but
Willie he had lis Inuuth puckcrcd np fur tho re-
ply, somebody who was sitting On the plasfor1.
/ got ahead ol him ard sang out " Joltn G.
Iialncs." Tlis was not at ali what Mr. Went
worth waited, atal ho shut down on ltd inter
ruptor by the remark, "Nevct. mind that.
let US 20 on with business" But when II
Cams to the plucft, and Mr. Ha!nc8 did need
help.
Mr.. WENTWORTH p,nA'r olyH II.
Not only that, hut Mr. Haines held him 70.
4ponsiblc to great extent for the continuance
was ths ruling spirit II thc Creditors Colamit,
ter whirt, bcgan tho examination of tho State
sAylngs. Mr. tIainet believed that t!n Talk ol
tihat Committee, and tts pcrpst1ai stirring
~ grcss aeas to ksrp sps's aye Y tho axeIeueai
which was affecting hIm 50 iniuriously; mud he
even Ment ~ fus ~ 70 cxpresa ths opinton that
Mr. Wentworth would bs perfectly willing y
Chicago slas!i, so that hc could thereby ride
Into prominence or ulce on q tide Of popular
| indignation aud bankruptcy.
EXAMINING SAVINGS BANKS.
At the sessions of tho present and tho pre-
ecdfng Legislature Efforts wcro nude BY vArl'aia z
persons, and c'.lef ssnoH9 t1en Mr. L, u. stl
way, Ut the Illinois Lean II Trust Company, te
for ~ examination or State supcrythlor
, Ct savings banks. similar III Its general
teaturcs to The cottrol at present exercised ove'
fsfs sis.. y ssop tG p.fess esotsr Il is g.
, 9ohn G. ila!ncs, WAS speaker Ut tbs Aouse. aud
: ar. John c. 1Ialnes WIS member ot the Sen
ats, which position ).c retained during tho las
! soltsul which the Speaker could exercise ovel
seelslatloa by the appointment 0f the standing
soaht'tteee ete tic effort to secure the cnart
: acat o. saYlhga Supervision net WAS fuled twt
sSa!s ago. anu ! relieved attempt nsadc las
net wa debated un account, In part. u tat
! 1saaeasn VI als. Speres, ant In paFt, It Il
i eiaa.',sa, as''y by Alr. Haipcs. Whether the lstte
: Rehtlenian was rs ponsible N not, ho WA belt
| fGSD0nAlO1e, aud this Sresf,j much f.ri{Of