, 1877-09-07
The Expert Begins the Examina.
ton of the Books.
A Belief thnt tho Dopositors Win Got
Gomething Cut Of the
Concern.
Preliminary Steps Towards
Spencor's 1nelict.nont--Hls
Whereabouts.

on by tho Crcditors' COMMITTEES cscr sinrc they
xcrr appointed. Instead OF lighting upon lku-
49,, mt rce II, tn, t,ou,ks which rcn,,,rc rnnre ,,r
nv" ,',o,,c,ion IN mnkc thcm ctcor. ,,,c f,n,u.
less c1p'anat'o" ~ na"He tne!" t'ear' t'c eo,''-
mtttec haa dcesdea To e"f1mehcn lts
e.plo,atEons into tho books from the
mint where air. sIdway's conntction
III +te hank ccasei. Tim 0encrnl
win tAu .e,... r4"e .n.. . ~. H.. s ., Esno'
opinion oslnE tI'as ~ ~ s"a. ''".-sa.
1G73-eTcr9th1nE "as e'caF anu stEa!Gnt1oE-
ward. At tho meeting yesterday evening,
.ht.r was held with closed doors. Mr., John G.
~asa 49, xoa nrcsont. but could tc1t tie Conmlttcc
Dc1e "as -, w .s' H., .as @o.''steg
lille more LINN t"e "s'cs "nch ~ .a"c y" anu
vent out ot the hank, anu TINT during lila ct'1'-
ncetlon with the bank he was satisfied that the
."s,,utton vas AZ sound rs eolI tlol]nr: TINT
-a,. ,,,t cont,c ri. o,a H.. 49,.
its Has -, u.H t,,ot w.. H." ,s,. .".s t',a
Commute" ~, Fp' IN ,c.s % I ss' ''o*' "o''a
un. onAR1Rs II. pAvrx,
~. ,v,ort orcnuntaut. nrrsuntci ,,,,uscts b.fo,,
t"c ,,,,,., iii, !. .,,.,.1..e
and announced hls WILLINGNESS aud readiness to
pxced At ot,ce IN tho examination Of the books
ind render the Committee oil Tue assistance c
cpuli In unra7c,;nH Tug apparently tangled
Committee nok occasion to reiterate on opinion
which they expressed the day before, TO thn
elect talat Mf' ssaWays slate1,Gnt o. t!c nanH's
condition Jan. !, Ply. was IN ~ probability a..
time 1T werc 'lot, tslataatt "oala pc disclosed
Is the cxanll.'atton proceeded. They thcrcusos1
resolved to start MT pavt. ~ tue books 1rn1i
th!a point, N inc h1pe tlas no would discover
j,lst Wien spencGf bc!uh u, p'tlhfieF tho banEt
bow he plun'ieEe' IT, what became o. tno EooI
securities which we're thefo whlic l,c i1nd ~!
ewing, ana what pe LOOK "lth 'aal ~hcn nc Lieu
for bis own good.
1he Committee, o. Q master oi cotsfspt hni 70
snl to figuring up -..........
WHAT TllB pErostTona WOULD PROBABLY
nnAl1ZE.
After they Ind l!,ureu Il while, It suddenly
appeared That so,no of the nssets, proslotislv
considered about as go1d as worthless, 'serc
really worth as much as % eents 20 or T., tie dollar.
prophet when lie said It was not improbable they
Hollll turn up something new ut albiuat every
step, for nticr dis ovcrlng this appreciation Ii
which ind previously escaped the Asslelfcc's
eyes, md which arc sasd to to worth something,
anil probably Tond deal: Tlle exact amount Is
not known, nor could It. i,o asccrtaincl, but tho
thesy Know tl.at the only poInt IN whiei, III.
Aldsiell and Long JolN can't aErco 10 whether
they will pct B3}9 Or 10 tents OF, tho dollar, Mr.
Asdrieh plnntn: BIZ r. laitl, II, to tfo afat-men.
sis iIDta oplni"n .l'at M he % woalans 10 sa1pssed
Ii ttletlllng pannc1 uut 40 conts on the dollar.
Tbs Committee wero somewhat encouraged BY
thcAe discoveries and Will rctcw their inquiries
AIls HoIhhHk at tHe hsuat A1H"t'
Alter alfournt,lcl!t yesterday n1orntne, Mr.
Davie was tntroa'1ce.l to ttie 9ooks, t!t was ~"
Able to make inueh hc3tiway tinEtnts tue tto Ut
ealIld spare lTon1 Ills work In The Pullman
Palace Company's otltcc. Judging, however,
frutn the occasional merry cllIek1e no Euyo rs
he }o!alcretl over tIo books, u IL quite probable
that lo got on tho scctst Ut sonIsthng Which
will p embodied In his report tu thu Committee,
hut Whit, he was unwilling to communicate Il,
the reporters. = .
7..!sT STATEMENT or TIE REAL ESTATE
n tls mime Ut ttu bank all Ill thu nuna ot the
nIsslng and snucll.ln!sscd Spencer was not COM
plefcd yesterday, although It waa promised for
publication IN this mornings papers. When It
ta finished, Il wi!l le compared with q etmtIar
stract firms, 60 that tl'u Assfgncu will ,ot full
lHto the mistake OF lctttng any parcel nf real
estate to whtch to can by any possibility lay
ca!1a Zip put OF hEs hands. As soon as tl'e
EtatemuRt can be nlIle uut It will ~ reported
IT, Tie Committee. aud the public will bs tllur.
tugh!y informed as to Its cortenls.
About noon yesterday
AM1upLR.Aq!:p ToifAS,
OF modest, tidy appearance. ca1r Into tho bank
md asked to NC Col. ,faylor. That uentleutau
went Ill to tue WlnlIDtr Wilctl 6hG told him