, 1877-09-09
CONCLUDING SERVICES,

The expert, was then introduced. He referred
briefly to his discoveries made in the hooks, a
detailed in another part Of this paper. In speak
ipr of the Chemical National Bank he said there
ought to be 81, ,0D there to the credit
OF the State Savings Institution. Il
seemed, however, that some drafts. not charged
up, had conc back protested, and it would ap
pear as il Spencer OF Bulkley had drawn some
surrcpttious drafts on tho Chemical Bank thai
had been the means Of turning the balance
against the State Savings, instead OF its now
being in its favor. No money was therefore left
to pay the Legitimate drafts Mr. Davie did not
think, however, that the amount would be
larce He should endeavor to trace Spenccr's
transactions to their fountain-hcad, to see when
thcy commenced, and how they progressed.
Hc could very safely say that spencer's deialca-
tions had grown from S20o,0o0 to fully half 4
million. In conclusion, Mr.. Davic expressed
the hope that the courts would appoint an AS
si2nee VINO would settle up the estate as rapid
" as possible, and cautioned the depositors
against disposlng OF their books.
MH. ALDRTcH
thought that work was more important than
talk, ana hence made short speech. The conf
mittee had done what it could, al,L,
as be understood it, their duties
were not at IN end. ihcJ had
aimed to find out what the depositoTs had, and
while their statements were not complete, they
we're rs nearly complete as they could make
them. II their services were needed in the
future, it was for the meeting to state. He
thought, however. that the dcpositors should
have committee to sec rnat proper man was
appointed Assignee.
HR. KEELKT
had good word to say for Col. Taylor, who
had done alI he could to assist the Committee
in their labors. In fact, Mr.. Keelcy publicly
took back Ill be bad ever thought or said about
Col. Taylor having been appointed as Assignee
By Spencer for a purposc. Everything Col.
TaYlor had done showed that he had been the
servant Of she depositors and not OF the officials
in that bank. The report made accounted for
500, 600 more Of assets t}t1n the bank books ac-
counted for in their daily statements. APP
plausc.1 Several pieces of property supposed
to be held as mortgage security for notes had
been found to be the banks property, thus
swelling the assets. In the daily statements no
account Was made of this
4 deposition called for the list OF those who
owed the bank money OIL
UNSECURED NOTES.
Alr, Keclcy said it would take long time to
read the list, and 1t would probably tc pub
ltshcd. It was very long, there being about as
many names Of debtors us creditors.
Long John said the list could DC seen any
time by any dcpositor. The Committee had
compromised on this, he said, aud the announce
ment served to satisfy the audience for mo-
mcnt or two.
Mr.. Bishop, with great good sense, said that
the previous speaker had told the deposltors
everything, and all he had to remind them Of
was the necessity OF appointing new Coul-
mittec to look after the Assisneeship.
Several voices were heard demanding the
retention Of the present Committee. Some
body, with biz, round voice, put the scntt-
ment III the form at motion. with the atldi-
tional feature that the Committee appoint
the new Assignee, il one had to be appointed.
The motion was carried with great un2nlInity.
On motion of another gentleman, Col. Taylor
and the Committee Vc7e thanked for their Ia
bors and Col. Taylor was given three cheers.
Col Taylor reiterated his purpose expressed
in the Committee meeting, to turn the property
oycr to his successor without a charge for dol
lars worth Of personal expenses. =.
Mr.. Decker explained, since some people had
to ceasurc him and his course, that
lc Ind done al lie could to protect the deposit
,,s, among whom he and his family we're in
.tuded.
Representative Thomas, co1orcd, said he had
3ccoiue satisfied that Col. Taylor was proper
naa for Assignee, although he once thought
differently, and moved thai the Court be re-
]ucstcd not to appoint another.
The motion was carried.
Some decidedly unpleasant fool had been IN
listing on the reading OF the debtors list, and
low pressed his motion, and it was carried.
rhc reading Of few Of the names on tho list
,7oyed quito sufficient for tho audience. They