, 1879-01-21
TIE COURTS.
Liability Of the Stockholders Of the
Bank Of Chicago.

| - e'Ae ~ASNNltSNNoI9 VI AISU
Bank Of Chicago.
Record of Judgments, New Suits,
Criminal Business, Etc.
! Judge Moore yesterday was treated to smother
section Of argument IN the motion for ipIuuc.
| ton by the Receiver of
| THE BARK Or CHIcAG0
sRainst the tlepositorA who arc seeking 10 ste
the stockholders. The caae has assumed con-
siderable Importance to tho stockholders Of the
various defupct banks Of this city, and over 4
week ngo Judge Moore requested the attorneys
III the ease hJ notify the attorneys OF the Fidci-
+, ity. State savfngs, and "Bcrhiven y banks to
cu'ne In and take part. They did no: appear
last M"nlay. when the argument began, aud II
was then continued until yesterday. The qucs-
lions nrc. to whom arc tho stockholders
liable, whether to dcposltors Individually or tn
the Receiver, and whether suca liability IA to be
enforced at law or In equity. In the ease Of tho
Bank nf Chicago, however, still other questions
arc raised as 10 tho legality Of the Incorporation
oi the bank and whether fta Stockholders arc
not liable rs partners. Incidentally. also, OBJ
iccto,s are made to the form Of the petition VI
the Receiver, which Is filed fot the purpose OF
cnjoning tho prosecution OF su!ts by dcpnsttors
agasnst the stockholders, and to enforce the
charter liability against the latter for the beue-
Ut Of a!i The creditors.
The argument yesterday was only conslnua-
t,o', OF lhnt matte Week ago. The blll was
He'd couple Of mouths ago, and = motion for
Injunction rnaJe AM, arxuc, nj ,ntrrvaso of sout
t,nrn n .-,oL ~. .i,,'.a oh,,,.,.,. l. u....,....
- :, aS - eau'eos ~ "oet''.'
appeared lot the efcuttoss Who are suing the
&tItek1tO1fAFA Gan Thnn,ntnn .ttxin
Walker for the bank, aud q. X, A. Hutchinson
and A,frAd n Ma.n,, for ,.,,ckI,ot1ur. IL
r,.u,- ~. ...,. .
.harles ilhehcocK was a'to present IN pehal' OF
tho Flue!ttS baok, n0u j. l.. High Tor The slate
Savings Jpetttution. Tho argument wzs then
taken up dc uoyo "A tbt,,ph IL came III, for the
Hr., ,,,,o ~ rdu,n lvn1v,r ~, al ~. r,,,o.,
~ -, . ''".' n'1's1 NAe "o1e~1
ol inc nl1', ano askeu 1oF III tn]ubcllou.
Nj. Shufeldt claimed that the Receiver was
not iu position to ask for such relief. berausc
th,, orio,naI .uit ~ r.,n,,tt1hatn y. Thu Hank
- chta.a ss s,.",, ~ ~. .r..a". .,.,', H
~ en'tAx"' VI "n'c't t"e p'esea. 'n't'p1 "a'
hasea' mao never occn prosecuted 70 ll1'a' aecreo
80 As to make 10 necessary for the Receiver to
% on. lnc creditors lad chosen 10 take au-
Other Intkle for relief bY Individual suits. ThG
Outstanding liability OF thc eturkEolders wns
sll9,1UJ, Of which $S4, 900 was held in New
York. Credttorf representing si31,oo0 of
seeking H. conc In. 4 number uf aili.la ytts by
different stMkho!ders aud others wr5r then
read, q syn"i,+fs Of which was published in TliH
~, Tran,a.,, w. mi 1eHs NJ asn n,,
NuH..r s,,% ,,., oHa % tne % ~, o, q. a.
i'm ihrr ia, cnnsns,a ,ri,,, ~, uso+ ~.
einsln1 ihns thcr w.hc whnt.r"- ~ A., rr.,M. 1,
shntn =, ~ -, II, ,ha s,,s. ~ WE @
nIsn s;s.nt1 H. t,at Ss',tin T. Mn',..n "n 10y
.,"t ,-nn Z, !" nor ."n, ~ III .'"tr. rs..,r. ~
81 10 ,h.u n,,,"It - uii t ~ ~ -'A'''a
Str, Walker followed on behalf of tnc Re-
ceivrr. lie stated tbs stockl,ola"rs dill not ex-
fts+ff tn frfttFS ft,ntF kiaI,
wished to have their n,onry 20 for tllr benefit II
AZ tne c!ealtofas 1Ae} hhoHiu haFe thclf iaa-
5 't.5 ei.'vtesu r. u. nHs snsc, so toe hsec.cr enuA
eo'.ss H. ~, ,. ~ aae cse!os soart .. eaui
i' naa H., 10 VEL W uFt Ill, u. law III
sue' ~, Iase' unu t"e ''nc. no ~ a
sia.. ~ " i!uM.unat hutts, ~.
ti,. ~ M. "o. "e.te!G ,,e =. VI" .nio n.oseea'
''1m u cuum1M sa,ss 10 !nuInent ons
,..n, ,ts Tesc , @"a so"e'a, uat "ere
~ poesponc. ~ a,oet "seH ~ Htse '"c 'uu:u
IN ooposthhlty u helr aEnlhcf silee.