, 1877-10-18
THE BROKEN BANKS.
Formal Transfer Of the Assets Of tho
Btato to Judge Otis.
TfIr Other Receivers I'egging
Away Mt Their Reports.

Matters anil things In relation to the trfumy!-
rato vi broken banks have 50 l0nu been ,lnll that
anything like nosc OIL the Part OF any one oi
the Afsianers Or Receivers will appear M real
news. The public bavo conc to tho conclusion
that somewhere In the din Vista of tAc iuturc
there existed possibility of progress, but
in what way no man could tell. Ycs-
tcrday, however, lew ttctns Ut interest
did dcvclop, and It aptcars proahte that be-
fore the closc Ut this week the act.la1 standing
OF a'l the dcfunct concerns will be made mani.
fest by means Of the Reccivcrs' reports as pre-
seilted 10 the Courts.
Al the State Savings 1nstttution yesterday
forenoon there vas meeting oi the oil Board
OF Trustees, The outcome of whet, caynot fall to
result rro1tably Tor tho dcpositoss. DR.. u. 8.
Smith. d. Goodwin, jr, and the returned fugt-
tvs, Guild ard huxley. were TN ant, forming
majority Of tho Board. Judge l.. u. Otis and
his attorneys conferred with tho Board,
nnd the result VIVA tha. yot.lmI,1ous
deed, conveying to Lucien Il. Otis, rs Receiver,
over 8D pieces Ut real estate, rms executed.
Tho deed was 1T otItc placed 0n record, antt lie
dGp0tttors may lc congratulated on tile atnfca-
biz settlement Of tho question.
Judge Otis, tn reply IL tho quc8tfon Of Il
Tribune reporter. said that hc considered the
action taken a. being Of considerable Interest
to thc derositora. They held. or cIal.ned,, n
sts to ths "psFty t Gnssti4n under s
was transferred to him o,' alr. TuyIur's retire
tnent- But it was OF great Importance to OBJ
tain
DIRECT DEED FROM the TRUSTEES,
ns Il s!h'rltiteu t1aiters generally. and tended
to the ayoidanec of litigation. flIu original
deed was general In It's character; tll.s one is
specific, aud contains description Ut ali the
psupcrtY. As to thu probat1e value of the
aasets thus brought under bis control Judge
qts was, III the abscn.e Of statistlcs, utterly
unable tu furnish MI opinion.
Tue reporter atKcd what cnmc next on the
programme.
Judge Oils answered that lie expected within
q few days to ask the Court for leave to soiIrst
proposals for the purchase Of tho bank building
vaults. safcs, furniture, aud effects. There hid
been good many stories circulated as to t(ie
fst9Tn tt n.y. u Md ax and uksy eut ts pIa'
~ Tar % he knes, sny protnIsc Of Immunity u
tnnnty, anyhow; TINT was a matter within the
eotttol c u tl,e state's Attotncy lic l,ad sgnt-
sfonists that their prcscncc was desired aud they
had come back accordingly. In urtlcr to ubtaIn
thu ttgnature OF majority Of the BuArl to tic
deed uf transfer they hal to bc cailed upon.
American public, Judge U.ls' mind wus drc4ry
blank.
THE ngE.MirE.
Then rs 10 the ~, I. 4 ~, the hive where
LtlS EECCupaIh k!Lo nv IulNEE ftuEEb uu tlQHGy4
the cx.king bee did not show up Yesterday. Il
Is reported that he caught cold While attcmpt.
Ink to smoke III bed with o,lc ot the Windows
ope1f, and that he las been ordered ~ diet him.
self for the tfulc being.
lsut Mr. Ward was on hand. He didn't
know anything. Model OF Receivers; whose
duty 1t Is u rccofyc everything and part with
nothing. III casuai way Mr. Ward mentioned
tiiat hts report was very nearly ready, and would
be presented to the Court ths week, probably
On Frl,lay. But lln lad lit news. nnd ilc didn't
know anything ABOUT wEat the rcport would
ehuw.
At tho Fidelity Mr. McAulcy, tho whlom
paying-tcllcr, was discovered renlIng the pa-
pcrs. Curtously enough his repurt was pearly
rvaIy also, nuI would be presented ntlDut Ell
day. DR.. Turpln had Coile round the L|lck IN
blstacss, but as he didn't know anything, this
fact was matter OF indifference. Tho only
obstacle In tho wayo concluding his report was
that tue appraisers had not yct act a valuation,
upou certaln oatsidu property. Owing to
tI,o bud weather they had been un-
able to visit It, and being c1trcmcly
conscientious they could not bring themselves
to place valuation on acres aud lots On which
thrY hal never gaze1. But by 6aturttay Ut
latest tho report would probably be filed. a.
ln tle case Of Y. 4. Turp'n, Receiver of The
other stockholders, a bill to prevent suiss
against thu stockholders, the Receiver Ycstcr-
day, by permission OF the Court, amended l|s
bill 10 % to charge that suits lad been atao
begun In Justices Courts against thu stoclr
holders: aud TINT the dcrositors were over G,OD0
In number, hut their elatm8 did not ayeruRe
more thau &oOO each,