, 1877-09-02
MORAL REFLECTIONS.
/ puEE FOR TIE EEpoHrcHs.

I
| Letting committee you have to tfust some
thing to the good sense and discretion OF that
Committee. We must have some secrets. II
will not do to proclaim everything upon the
housetops. You may rest assured Of this, that
there is not in the whole civilized world cohort
Ct such Industrious and indelatigable reporters
as VIC have in Chicago. ~(Appausc.] We tell to
| them in order that they may tell to you
I everything that it is proper to make public. It
| is due to them to suy that they have great con-
Gdcnee in us, and when We have told them that
there arc some things we could not tell, they
were perfectly satisfied. 1t Injuries the feelings
Of the Committee; it don't hurt mine; don't
| know as ever had any. (1aughter.l 1 haven't
Wien have been after knavery OF this kind.
| You never knew me, old citizens Of Chicago. to
| undertake anything that did not follow it up.
[Applause.] Now, then, when | say to you
that Col. Taylor and every member Of the
Committee acts with me, think
you ought to be satisfied with them
all [Applause.1 They are all men
who cannot run away. There is not man on
the Committee who does not expect to die and
be buried in this town. All they have is here in
Chicago, and they could not afford to do any
thing that is wrong, II they had the disposition.
Now, there is one thing want to explain to
you. 1t seems you don't understand it; and
that is the idea of
4 EASK SWALLOWING ITSELF.
You have read Of snakes which swallowed them
selves, but here is bank, so far as the great
mass Of its stockholders arc concerned, which
has swallowed itself. Nom, will explain it to you
SO you will understand it Surprising twelve of
you should goInd buy graveyard, and this
bank comes tue nearest to it Of anything
/ know of,-and each OF you twelve
men 20 around runnin. into debt al you can,
and when you thinl tat these debts OF your To-
liyidual liability get to bc troublesome, you
turn around and deed your stock to the grave
yard corporation. Then no one of you owns
any stock in that graveyard. But who owns
tile graveyard! Why. the graveyard owns itself.
tLau=htcr.J Now, that is the condition Of that
bank to-day. 1t las swallowed ITSELF They have
decided their stock back to the bunk. aud the t
bank owes itself. To their crea: credit there |
are q few Of the minor stockholders who haye |
refused to 10 this thing, aud they told ME to-
day that they held themselves responsible for |
the amount Of their stock, and deemed it their |
There is another thing want to tell you. It |
is about the
EXPENSE OF WINDING UP THIS CONCERN.
It seems TO trouble great many people outside
who want to get hold OF it. When we find out
what these assets are, and it will take us some
time, it is very easy for us to leave them at
some place for collection. and then we can divide
the proceeds among you as they are collected,
mating dividend at one time Of per cent, and |
then collect something more and make another
dividend Now, for ono man on small salary
all that eau be done. But We have not got the
assets yet. There another thing: if you go
into this bankruptcy business aud wind it up,
Your legal expenses will be very large.
4 yoiec-It's little We care for that: we want
to know where Spencer is.
The irrcpressiblc e1vrcsscr OF opinion here
recorded showed himself to be an Internal nui-
sancc. He put his oar in 4 score Of times, and
always at inopportune occasions. Loug John
denounced him as an Invention of the enemy, |
sent in there by Spencer TO break up the show,
md it required the heaviest efforts OF star No. |
J13 to Keep the escaped luuatic within the |
pounds Of dcccncy.
Mr.. Wentworth-1f we go into bankruptcy
>ur legal expenses will be. very great. Sew
:ra1 dcposItors, good lawyers. have told me
o-day, and one Of them was one OF the
mail trustees in this matter, that they would
rive their services without cost to prosecute all
hcse mortgages, so that you need be at no ex-
'cnse OIL that account. [Applause.] Now, is {
. bringing sfr. Spencer back, you don't need to
,ay any 50 cents.
lie WILL BE BROUGHT BAcK HERE
the criminal laws and the treaties between
he two countries can bring him back. lap I
4 voice-We want the Cashier and Assistant !
Mr.. Wcntworth-1 wish those gentlemen
'ould have a little more confidence in me aud !;
It nc talk We have treaties between this and ..
ther countries. If Mr.. Spencer
An excited deposition Don't call him Mr.. :;
pencer; cali hin damned thief =
Mr. Ncntworth-lf MIR. Spencer is ANYWHERE :
any country where We hare a treaty, it will =
Z only necessary through our authorities at :
Washington tn send to the authorities OF that
ountry and have him brought back. This is a
latter that requires some legal investigation as :,
} the effect Of our treaties, because you must =
that when Mr.. Spencer robbed this !
lnk virtually, lie paid back note, just as if it
as business transaction, discounted his own "
aper, and sole. .epe bonds be has taken. He h
.els to have put up something in place Of ey-
'Ything he took. Then there will arse
IL question, What is his offeuse! II j.
lat otfcnse is covered by treaty stipulatons we -
i'll have him. If it is not, We cannot do SO. | :,
II this thing requires time to Deliberate and -
III must be patient. Now would like mv fel- y
to hear Mr. Aldrich. You have long r.
lowu linn Us one Of your leading grocery mer- -
ants. He WITS elected to Congress at the last
ccton. He will soon be at Washington, and !
, can communicate with tue authorities there, !.
that We will have friend on the spot, at ~ =.
urt. [Applaase.] ~
MIR. ALDRICH.. ~ ~
THE WORK DONE. Il
The Hon. William Aldrich then stepped for
lrQ and said: D,