, 1877-12-09
4 Long Tussle Over the Appoint"
ment OF Receiver.
The Judge Finally Gives the Gov
eted Position to MIR.
Horton,
Renausa Ali the Stockholders and
Many Of the Depositors
Wanted Him.
The Other Candidates, aud What Vas
Said For and Against Them.

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aud D,rect,-e. .ro,e rorrcct. ,n1 th,t. IN shor.
+hcra' 1ras nothing IN the hilr to show tha
Hanrv C-conch3r7. h,d ,nr r;rht Ia make n,
oratora rcrta;n nronjses and Inducements e1
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cept what appeared from the 1act that hls va
among. certain names on Inc pass-oooks pur
porting to be those Of the bank officers, Th,
bill WAS drawn on mere information and belief
snd aren tha al1ar,rion If insolvency pas NJ
.eo.s.~-.s - p.1.sr
hou'eeut leason WY heee'e1 suou'u oc ap
pointed rs long as there were stockholders ano
Directors who would meet all liabilities.
The conrt nroceedel tn read from the hanl,,s
euat.eI' 1e'na!An2 1nat 'Ae I'LL alloun'eo 10 Ill
Allegation Of insolvency.
MR. WOODBRIDGE
remarked that there was an ayerment IN regard
IN .,a b.r,,,s ,nrcs,men.s which ac,ord;nfr -
~ 1ne oanks investments =: % WHICH, actotatne 10
1ae cha1tes, must We In oolteo STATES, STATE
county, or city bonds, While, IN truth, the bank
had no bonds at all. The aycrmcuts had been
admitted tn be tr11e hv the officers. x-ho were
-o+;rsos ., ,,a,-a ~ o,s+o-t
oAl,eueu -, e,.,. ~ mAAe ~ eon1es1"
COL shirley sad be was simply combating
the bill on Its face, which did not show any
jurisdiction.
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ea'S "as tua' 1no oAnA Aau eeaseo 10 10 ous1-
ness
Mr.. Woodbridge said the officers Ind admitted
that II Il was necessarz. tn insert. +ha words
s"z - ~, W. $50 tn- "o4o9
W. w oueinese' uo "o0lu eo a'ueuu
the DILL ihe Dill might have been made little
stronger, but he had Sought to cast dirt on no
BODY
Col. Shirley still claimed that the Court had
no Jurisdiction in the case, for the reasons that
there we're no positive ayernents in the bills as
to who the officers and Directors,were, and for
the reason that compIainants did NOT show that
thcy hao anY right to come into court. There
was no statute authorizing the fling Of such a
bill On the allegation of insolvency. Wha1 was
necessary to do was to set up the fact that the
bank had ceased to do business. &c did not Be-
lieye in covering up anything, 4 There ha1
been any frauds ma he would not make onv
such chayre II onrht fo snnrar XII frands -
be made a. ns;n as Az and + 1a he 1new ~ ,a -,
be would not hcsitate n brand them vii, the
iis,h+ A10 1o' nes4'S1'e ~ o14'lo Lnen1 MILL Lie
The co)one1 una nrocoei7;no IN 1cav e,oo,on+
~ -. euo5ec1 nnSa suG oot,t 1 a'hT ", 1eaHrked
aeeaaa u anta 70 neai aoout tus ol: Al are
= ~ ~ Ing Nervousness a u ollcal uauos
ipst a nresant o' 'na' Vas ao' 'ne question
Col snfley again Proclaimed any intention
OF charging fraud, but criticised the striking
out Of certain representations in the bill which,
according to MIR. Woodbridge had been done
out Of regard for the officers.
Mr. Otis suggested that the bill be so amend
ed as TO include the aVerment that the bank had
Messrs. Woodbridge and BIanke assentcd to
That, but remarked that the comrlainants werc
not present, AMI would have to be brought in |
and swear to The ayerment
AR. .eREEsEBAUI
stated that the notices maturinp within ten
fars did nnt amonnt r. rnora tba55 e, nm a |
1t would require very little effort On his art 70
meet them The Auditor Of State had told him
Auditor's c11ice. on tho rrn,,nd # carteE r,ot".
tionB MIR. Greepehaum said.he had consentel
Friday to the appointment Of q Receiver on this
application. Everybody knew he was in trouble,
was Oh lille Tor anv human brinr IN 40. He
desired to save the firm Of Henry Greenchaum