The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-03
THE SAVINGS BANK.
ANOTHER MEETING OF DEPOsITORs-
sELKCTION OF THE ADVlsOAH
COMMITTEES POSTPONED.

Another meeting, attended by perhaps TWO
hundred or two hundred and fifty Of the depos-
itors of the New Orleans Savings Institution.
was held last night at Grunewald Hall.
Mr.. B. LATTE called the meeting to order.
and informed those present of the decree OF the
q. 8. Circuit Court. appointing Messrs. W.
Black and J. H. Oglesby as receivers. and pro-
yiding for the appointment OF an advisory COM
mittee OF 1ve
He smoke OF the high character and business
ability OF the two gentlemen, and congratulated
ali the depositors on their selection. me meet.
ing. he said had been called for the purpose OF
appointing the advisory committee provided
for by the court. cold
that both the gentlemen appointed might be.
and NO ,ubt. were possessed Of high charsc-
ter. but 30 were the gentlemen who had con-
tro,led the bank. He desired to know what
banaft the poor depostors. those who had their
little ali. earned by the sweat Of their brows III
their vaults would receive from their appoint
ment. How were they to get their hard earn
inps back? that was the question which inter-
ested him. and that was what he wanted to
know. Another gentleman said the whole
thing was a ring game, and he was tired OF 1t.
Roth gentlemen were called to order by the
chair. who ruled that discussion WAS not In
order. as there was no question pending.
Mr.. Edwards Marks stated that Mr. Victor
Sere was present and 1t was understood was
possessed OF some Information, and he moved
that he be requested to take positit on the
platform, and give the meeting the benefit OF
such facts as he might have.
The motion was seconded from different por-
lions OF the hall, but the chair ruled 1t out OF
order as the meeting had been called for the
express purpose Of appointing the advisory
committee.
Several motions looking to the selection, Of
the committee were made. but, pending this
being put Hon. Louis Bush obtained the Fl ,or
and advised that no committee be appointed.
He thought that one would only hamper the
work OF the receivers q Ialnre Inc inerts, Of
with Mr.. Bush. and maintained that the CON-
mittee should be- appointed care being taken TO
select clear. headed, fearless men, VINO would
without fe + or favor.
A gentleman present moved the appointment
OF committee of three to select the advisory
As substitute. 1t was moved that the meeting
proceed to elect the advisory committee,
sumed BY Mr. Bush, and urged that he deposit
tors leave the entire lfanida ion In the hands OF
the receivers. Hs did not see the necessity OF
the committee. as any deposition could 20 int,
court and get any necessary order Just as well
as the committee. He thought that 1t would no
be advis bic to divide the responsibility. ami II
would be wrong at the outset to Intimate that
there was any dstrust of the receivers. He
moved that the appointment OF the committee
A motion was made to table and was lost. and
the question required on the original motion
to postpone.
Before the vote was taken Mr.. james McOon-
nell took the floor and gave a brief statement
of the proceedings which he had taken at the
request Of a previous meeting to prevent the
appointment If receivers. In conclusion he
expressed himself as eoineiding with Messrs
Kennard and Bush in the views expressed by
them regarding the ACCESSIBILITY of delaying
the appointment OF the committee.
| Mr.. T.V. Copeland asked what influence the
action Of the Il. Getting would have on the court
| At q previous meeting resolution was passed
protesting against the appointment OF receivers.
but 1t had no weight with the court. as other de.
| positors came into court and asked for and So
cured the receivers, and he did mo- see that
| there was anything TO prevent depositors going
| into court again.
The chair Gould give, him no answer to his
question, and nobody else volunteering to en-
tighten him. the chair put the qneslion to poss-
pone. 1t was carried, and the meeting adj
ion rn6d.