, 1877-10-06

sayfn4s-bank literature continues IL be q
rather scarce commodity. Receiver Tnrpln had
nothing to rcport yesterday except that lie was
we'll, doing what ttcy all say thcy do, "cotng
ovcr tue books" From the war those poor
books have been gone orcr. the on1y wonder Is
that there arc any books left, not TO lay any
thing Of the acalth OF tho Receivers and their
clerks endangered By the monotonous devotion
to duts, md yet the bopks arc trottel out every
tlay. The Receivers ailti the clerks seem to bu
happy, ani The work uf "goInR uvcr the bt,uks :"
goes brarcly on. It were a ronsumnatiDn
dcvoutty to be wished, but yc. senrcety to be
5 sep would II u eo f 70 e ss
spectiTc Courts By which, they were appointed
and El'e thcIr reports. anu thus do something to
enlear tl'em.vfF"s ;:; t. the publ!e-an!i Tic
mostly occupied III attending to insurance
matters before Judge Williams. 4 reporter did
sec him, however, and eltclted fFuin hiai the
ttarilnF l!ni9ra,t ,t. "stl,i Eoi"E oser the
delightful occupation. lie states, howcycr, that
they had " suspend operations long cn,1gh
during tho day to real letter fro1n Cairo
telling him that tl'osc ii, ,0J0 of Cairo bonds put
sumo t4o, ,o00 had only nominal! value, the City
Of Cairo having got to TINT point IN It's financial
history when Il was not only impossible to pay
the principal, bl1t tic Interest.
Judge Otts, the Keectser Of the State sav.
ings Institution yesterday alci a petition asking
for permission to do q variety Of things. fiji
divides bis wants into twelve heads: first, to
begin all necessary suits for tho benefit vi the
bank, MD prosecute those pending; second, Il,
compromise nil doubtful and desperate claims,
as to linI may seem best; third, to puy debts
secured by eolsatcraas wien the coiiatcrals nrc
worth f1iUre thar. tho amount Of the icbt;
fourth, to hid III tho property Of the bAnk nj
any foreclosures, When It tnay be necessary
to prevent a sacrthre; iitth, to employ
extra help to settle accounts with other
compromise In summary way CERTAIN
eases: seventh, to enable all cfclliturs to come
in sorlc why btI equal terms OF ln3 Llg pro
rata ot tile Expenses: eighth, to renew policies
Of Grc-insuranCI I'll tho bank property. ctc.,
when necessary; tntll, TO riakc tho necessary
leases, collect rents, pay taxes, aHll employ i
ptupcr agent for Burll purpose; tenth, to con-
tInue tie safcty-deposit business, lease tho
vaults, er.; eleventh, to make and ply for
ncCcseary repaiEs un the bank building; and,
twelfth, to ,aye u thorough examination t.lauo
OF the title of all the property owllctl BY the
bank, abstracts i,lnac out, md the property a.
pr4lsc1, uid also 10 lave classified lists OF Tie
debts prepared.
To all this Judge Williams replied simply by
allowing the Receiver lue1eryisc all the powers
askcl III Ills petition according to his beat i,,tlg.
tncut AMI With the advice Ut counsel, AMI that
he report alis doings IRON time to time to tho
Court.
This gives the Receiver almost tho power Of
Judge to examine mud settle claims ''n Bunl-
mary way by sllurt depositiut,s rs he asks,
with only the restriction of reporting from
time tu time. Certainly, will, thls liberal per.
mission to do as he desires, tho Receiver catl-
not complain that his hands nre fettered at all.