The New York herald., 1879-01-07
NATIONAL TRUST COMPANY.
AN EFFORT TO REoRGANIzE IT-yIEws OF
STOCKHOLDERS.


AN EFFORT TO REoRGAN1zE IT-vIEws OF
STOCKHOLDERS.
Great efforts have been made during the past six
weeks to resuscitate the National Trust Com
pany. of New York. by taking it out Of the
hands of the receiver, W. j. Best. The
stockholders were SO divided on the ques-
ton. however. that no definite conclusion could
be reached. Several consultations held and it
was proposed that committee be formed to arrange
for meeting Of the stockholders. The more
prominent ones were consulted. but they all
gave the proposition cold shoulder As
one remarked yesterday. I'VE are all sick
of the concern. at least ought to
be- and if any sfockholder desires to revive it let
him do it alone its affairs are wound up"
At last circular sent to several of the stock
holders for signatures to cali for meeting. Some
affixed their names, others refused, but sufficient
signatures obtained to warrant general call.
which reads as follows:-
The undersigned stockholders in the National Trust Com
w ca an S IN Ai ns pHSs Ss
Cortiandt New York On Tuesday January 1879
n s.sa.. s fs q taxing e sSs
company ont Of the hands Of the the court and placing
ssockhoders in attendance shall decide will be to their
best SSsss y;;, Thomas Cos : Appleton II SSan
Richard NJ Nichols Thomas Nichols, Isaac Ssynhsimsr
n Culbert. NJ. L. Moore and others.
THEY WON'T ATTEND.
HERALD reporter called on Mr.. Willets who
was very much disinclined to say anything on the
subject He admitted that he signed the CALL but said
he had the remotest idea of attending the meeting
to-day Mr.. Best had vindicated his name literally
morally by having the best he could, and much
better than most receivers in these days. The debts
have all been or win be paid. The receiver got
the money and paid the creditors. 80 that no one
can complain. More than that" he added
1--WE have reason to believe there will be q
plus after all obligations have been discharged.
stockholders choose meetings
hold long discussions they are at liberty to
do SO. but for my part ! have more i'm
to remain severely alone. Anyhow the matter is of
very little consequence and not worth talking about
you will excuse me il decline to say any Thing
further on the subject.
The reporter asked if he would indorse the action
Of the meeting =, i fssss to the
nothing to say; Ihave already said more than in
tended TO-"
Mr.. D. s. Appleton when called upon by the re-
porter more explicit and unreserved. He did not
think the matter sufficiently important tor discus
sion present STAGE and he declared frankly that
he did expect much to result from the proposed
meeting if nything resulted at all. Il admit. said
he. II signed the call. but won't have anything to
s'Then you won't attend the meetinga"
Certainly not. After the circular asking
to sign the call and Iconsented for knew that could
do no harm. another circular followed asking
me to sign q power of attorney authorizing the
committee. which might be appointed by
full power. When found. however, that my name
was placed on the committee made up my mind at
once to have more to do with them
"But, q stockholder, you cannot afford to be to-
tally Indifferent"
we if necessary let the stock GO; but there is no
danger Of that There plenty of assets and every
dollar will be paid; but you know these things re-
quire time. There several lawsuits tor instance.
not finally determined. have full confidence III the
receiver, Mr.. Best He has done we'll"
"Will you support the action of the meeting If it
should decide to resume buslness?"
"They may do SO if they desire. but wash my
hands of it. am tired Of this business Of working
it. Besides. in the present state Of the coun-
try and with the continuous failures Of trust
companies it would be most injudicious and unwise
to revive this More than this do not desire
to state till hear the result Of the meeting If any
committee appointed should precipitate new difficult
ties will not share the responsibility
meeting was held at noon yesterday in Mr. Best's
Office to make preliminary arrangements for the
meeting, and general plan Of reorganization was
drafted and will be submitted to the meeting to-day.