, 1877-09-13
Hs Will Designate tho Fortunate In
dividual After Hearing All
Sides.
@. F. sroirord Appointed Receiver for
thc Collapsed City Savings.
Failure Of Emil Josophat, Private Bank
or and Shipping Agent
Ths liabilities Stated ut About
,ooO---Asaets Noxt to
Nothing,


minister upon the affairs OF the dcfunct State
Savings Institution were on hnnd yesterday
morning promptly Mt 10 o'clock to hear Judge
Williams decision in the matter. I}csidc4 the
: lawyers there we're prc*cnt Col Taylor, tile As
sIcnec, and quito number of the banks crctl-
ttors. nnxlous to know wllnt thc outcome of
Mondays arguments would he. Dut little time
wss Loaf In getting to work. People may differ
in their opinions as to tho ground taken BY tho
Court, but 1t Ia exceedingly doubtful II anybody
can lie found, in these days, when long anu var-
bose opinions arc altogether too common, who
will not nward To tho following decision tho
merit Of being exceedingly brief and 10 tho
point:
The bill In thIs case asscrta The execution Of tho
assignment 10 Taylor Of nil tho nascts Of the bank
Including tn bankinE. .hnntc. the transfer 70 the
bank BY the stockholdcrs Immediately before the
assignment nf .. 600 rhnres Of atock, and the do.
strcis Of Tic bank to tlc Assignee. tho abandon:
mcnt of the same By tho Officers of the bank. and
e. e M fst and ehr %
and abandonment of thcir trusts by thc oilicrra at
The hank thsy Ind been EnIlty of ,Hrrss ,nitman
applied the nssets Of the bunk, md clnins TINT on
and tbe attempted .5ansicr ot tl,e, tiust
pointcd 10 BE- !he Receiver of the estats ' ~ "
Tho allegations of tho bill arc such ~ would
s:sIenInent bern made; hut Il d ts!d that thv
tank had right 10 nnkc gcncra! assignment for
thc benefit a. T. cre'!l!"fs ana. helnE made +.
cstAtc. Inc rlehI q! corl'oratlons To make bona
~ os aMn,i" itnt tnr ,ivht ~ ronrts ~ co"d,x
Won tnnd casp sho,1n n slts.oIys nT r1ns r" ~ Xxx
business OF nny cpTrnrn,ion. tn anpaint itcce,yer
sSsisios wSa .S.,l nass sal! p:xsf and .ass;isy
u seryc In all Courts and 10 all thugs necessary In
coalng up tho Affairs Of The corporation,
10 ExrnEssLY CONFIRMED
by tho statGtS of lhis siate. The good cause :"
referred 10 ~ c statute i no* ~ lug care by the
81 H. ,Is.., vi "G . ns : Hmk nasng asaisc'!
~ nr3nri,@ n,rsra LAWN, M ."c.'n5 ~, Il, nmo
t,uns a. hank can M innacr hc ~1ctc,scI .nd
under The statutory proyistou Receiver c;n 6u
appointed to wlni N ls Affairs, And nuch actTon
snisetset!ea Tho assignment. Tho po,scr Of The
Goat.. II tno c..cNshhlahccet exists " siftuu nf
sIs.nr' -" f"'"o.S ,. SA'.t sttM ~ Wy
~" nnect crtats ihr 'u',,y ny,r,1. mof's'on - ~
exercise canns,t bc ouesiinncd' II wan ~
for tho Assignee. IT . nnly u court Of equity
TINT can Evr to the ctcdit0rh Of this bank adequate
!sllst. The depo.i'ora want rclct not only against
Gan y ~ w'se w. s h, i'd
from te aby imosuI b] ~'e la e ns1 ihn SS aeso e,
hoIcrn. '1ps7e1 y -" us''" '"o ''oeA-
Thu Assignee could do nothing 10, the Jcpo.ltou
as agalnst tho .toekl,oldcrs: sn4 Il Ii only in =
sn,n!strssa hse"lys, r. ea"o"s M, = T." ~ Tint
to @ no of Inc 9cneat oi the deposit
ofH. Oul EhH ElosHuf ctlleGt lof liftt many lhnu.
sands of, dallars which lls Assignee would havo
nd no tnat tho ea' r, hsx o fsaehs t an fn'y sas.
duav ~ anmon Rnee,. po"cf una THAT It's
o"1y w., "spp"'a, rln'", 49, neee'ssf. - =,
no,tc Hoars .ea s tG'te.e M tnc gentlemen to
Iosi.!hig w H. Ee1svas ~ loT INC lteeelVcrsfip.
Mr nlst'wil ta,s Court plgase, In acrcrtianco
1an,n ~rn to ~, succession yoar iinnor n!ads last
evening tlas Wy slaohtd co'islatr tlc matter Of
hancs 10 no suggested lor tlse Recclscrsh1p, II,
sNso yoil neealeu - "ppo!ntA lIegclycr, W. hayc
t eolsnuieu ul",u t.c HMttc! a1"! t.lfch " 6tgh
satelui cnhssiefatson as W. have ha!l time tn do
NJ a"s oss, % aWG nrn,cra Us. "a ,1 nbsr Of
itMHSisLEcn'acnlcI t.LMi ~ prou,iHent anu wesl.koW,
imai!s cityTliav9 heen thoroughly sa1lvassel.
unsy ane % a ~ tIIcts nGn OF W highest bus'.
~. s.esS a." pGssv!nt htanlhE, anu lruin thcM I'LL
We hafe selsrte'l t''c natno Ut
~, .,,,,,,, !, JUDGE .. +: OTIS.
VIC thiHk l1 HosEes8cs III every respect tho
NECESSARY qualifications, both ns regards pcr-
dccc Of tht public, aud also with reear,@ to the
necessary leisure, which will enable him to fntl,-
3ally exeeute the trust. Judge OTIS III well
known IN this euinnnnlty, AMI have no need
" say ANYTHING to your ll0nHr, Or to tlIu kuE.
tlcincn on TIL. otlItr silr, with regard To hin,