The New York herald., 1877-09-22
CLAIRNONT SAYINGS BANK.
Henry A. Smally Appointed Re-
ceiver by Judge Westbrook.
BROADWELL'S ARREST.
John @. Hoyt's Antecedents and
Confession of Swan.

more involved as the Investigations proceed fester
day morning the usual meeting OF the trustees TOOK
place. Messrs. Cornell, Knapp ana harsh' the com
mttee, were present, as well as ar' D. y hoy. Az
twelve O'Clock Mr.. f. +. Vanderveer, counsei ior
many depostors, appeared In the supreme Court ana
made q motion for the appointment oil receiver, al
the trustees unable to arrange the affairs OF INC
bank. Mr. vanderveer nominated Mr. George e. Grun-
dv but Mr. Marsh, for the trustees, asked for the
sppointmeut OF Mr.. Robert G. Cornell Judge West
brook SAID he was opposed to the appointment OF any
,rus,ee of a broken bank as receiver The Judge
had already granted temporary injunction restraining
Inc bank officials from further discharge OF their ac
customed duties meddling in any way with the as
sets. This order and injunction were granted on the
sdavts of Clarence X. Hatton and George O. Grundy,
The former at the time OF the suspension having
,p deposit In the bank 1852 So and the latter $4,000
COURT PROCEEDINGS.
On the case being called Mr. Vandeveer stated In
detail that he not only represented Mr. Hatton who
had instituted the present proceedings, but nearly
ore-haf or all the depositors He SAID that the inso
vency Of the bank was beyond question; that there
was no one to take charge of the assets and that the
president had not shown himself since last Sat
arday. For the protection OF the depositors he in
usted that there urgent necessity for the imme
date appointment of receiver to administer its az
iaua He expressed II as the desire Of most oi the
persons he represented that Mr. Grundy should be ap-
pointed receiver
Mr. Windsor stated that the trustees had not yet
been able to make out full atdavits the case II
was the OF the trustees that OF their number.
Mr.. Robert G. Cornell, should receive the appointment
Nj. vandeveer SAID he did not believe the trustees
could put in any answering anidavits
Mr. Windsor said that the trustees were in favor OF
receiver and their instance he had nominated Mr.
Cornell for the place.
Judge Wcstbrook stated, before narrated that he
had expressed decided opposition to the appointment
as receiver of any official OF the bank, but he not
prepared to express like view in regard TO depostor
In the bank. He asked the counsel to pass up their
papers, announcing that ne would consult his brother
judges ana promptly make known his appointment
Henry A. Smally as receiver liking his bond at
$4,000 The probability Is that the new appointes
Will his bond to-day and enter At the dis
noYr's CONFESSION.
letter from Hoyt 10 Swan, not before made public,
says IN effect, that his checkbook shoe and
Leather Bank will answer questions but that he has
fu 'oa he ua;r oq that m
never asked you Tor help that have not given you
something TO use that has provided you with some:
thing 10 help me with. Now word more You say
pwo the bank about $4,000 Grant Tor the sake OF
answering your letter But how much money IS tho
bank out. and how much worse is It than good many
other $4,000 that the bank has out, which, they
paid In years after mine is paid shall be thank
lul, and SO will you?
u the first place you have over three thousand dol
lars from Mr.. Guions You have had an average
H 81 900 most OF the time from proceeds OF drafts ON
Mr. Merrill which makes half Of the amt. You have
had my checks tor cash and have helped you
10 Keep up your balances for 81, 500 on an average
almost daily whenever and instantly wherever you
have wanted them leaving emily about two thousand
II most three thousand short OF the whole amt or
this ten thousand dollars have paid the Bank
than three thousand In interest over per Ct
per annum. 90 fail TO where the Bank out
q very large sum OF money as you talk TO me SO much
4 al
aud negotiations and worrment know, and ieeL l
know IL. eel It,. shall never never forget II and
every Abort that can use to help and restore you
in feeling shall be done as lar as the money
is concerned you know ~ your heart ,ha!
sure life lasts ana health is spared
me- II the interest that have PAID the Blk over 4
above per ct deducted should have had of
the Bank only about 81, 800 most s. 600 with
Guons note, Merris drafts and checks nearly every
day. you eau see that, wnile you have made yourself
miserable, and have made myself miserable worrying
about the situation SIN the Bank has been out but
very little money, this $3.50, check and the 81, 00o
Currency yesterday with the int discount changes IL
little just from what IT has been, your State
ment this moment reed sbows,-Another WORD you
say that you are two thousand dollars poorer from
knowing McKinny 4 myself | am sorry to hear you
say SO. for l am sorry 10 know II such be the fac
your remark would indicate that II was one thousand
dollars each. | do not know whether Mex has ever
PAID tor anything personally for the many iavors you
have done MIN, but do know that have Given you
rs my memorandums show about Eight hundred dol
lars myself and remember about one or TWO hundred
besides, have tried to DO all could Tor you, and /
cheeriuy. haint done halt for you that would be
Glad to do or Will do as soon as can you your
iamily shall never be any poorer lror knowing me,
neither do think you will be for knowing Mr.. Nc.
kinny, now Swan what you want to 90 Is to stop
your scoding Keep Good natured don't abuse l. lind
taut with your trucst best friends troubles tuat
your friends not wholly TO blame for the troubles
we all have in these times than any
OF US bear with patience but let be us patient and
forbcarng all hands, and shall all Get
along better much better kindly another
than otherwise you need friends In these times So
l. IA uuv w hou
them, we have neither OF Us too many, let try Il
Keep what friends we have, at least until
better able to stand alone than we either Of
day. am very anxious nervous and so are you.
have never said a word to you unkindy that know
o. II havo l ask your forgiveness Tor never In.
tended TO do IL and whatever you may have me
that has cut to the heart forgive you without
your asking tor know you did not intend to and
you may have said no doubt from your own necess
ties seemed TO be called or., aud hope you VIII Give
me the same frank Credit & hereafter let US try and
encourage each other by kind words and Ac-
tons Instead Of tho reverse, kind words and united
efforts are absolutely required from both OF US, Mutual
help forbearance, Mutual encouragement IN evry
way possible, you have helped me over many, many,
many hard places and pour my hearts thanks TO
you for bless you, Give you the credit for 1t.
] have tried to hep you the same way and ieci ia
my heart have, but Give Credit ior II,
but never m ind will be your friend any way * Always
but don't write any more letters, they only hurt my
feelings and do you no Good, am working 10 help
you and myself and shall continue to do until see
clear weather ior US both, but cannot tell you that
wont do this that and know, you cannot afford 10
tell mo So In conclusion want to say TO you That
Esteem you as Brother Ia dllcultIeS almost as
Great 10 bear, aud with Burdens on your Shoulders
That Will Crush you you Stop or stand st AMI II 10
10 with mo- so let us try AMI help each otner carry
our burdens as best we honorable and manly
towards each In love aud friendship but more lot
tcrs which do 10 Good but Greatly annoy, must
look forward now not back, let US bury the past
much as possible. aud LOOK towards work tor the
future, In love, kindness and friendship
''l Am as Ever
'Your true friend
'JOHN q. HOYT"
The following postscript is written in lead pencil
evidently in u hurry and II would seem as though Mr.
Hoyt was tired Of writing such long etlers:-
~ S.-Whcn you want TO say anything come aud
see me- or will come and see you but let us have
no more letters We talk ana reason together,
but Is hard matter to write letter without saying
that had better be unwritten"
JOHN q HoYrs HEToRY.
John 2. Hoyt went into voluntary bankruptcy last
March aud was duly adjudgcd a bankrupt before Reg
ister Dayton. His nominal liabilities amounted TO
$l73O,s26 20 and OF tins amount claims for over
$500, ,0OO wore proved before tho Register The real