, 1879-02-22
THE FIDELITY,

Report Of tho DcpokItnrss Committee.
The Committee appointed by the do]iositors
in the Fidelity Savings Depository mot yestcr-
day AFTERNOON in the ot1lce ot Mr. Griffin. in
bryan Block atnl adopted report Of whicl, the
following Is brief summary: Tho monthly
statements otthe Eceetcct wcee faunp by. tho
Committee to glso very llttIo Information rs
10 the condition Of the trust estate. After
several visits to the Receiver explanations were
given as to Items Of tho report. Up to Feb. /,
1670, tc faca Of his reports chow recctnts $685.
GS8+D3; expenditures, $500 D57.63; paid oil tilvt-
dend. 827.o15.21; cash on hand, s57,4a3.sq.
About S25, 900 Of tho total expenditure Is c!nssel
aa office expenses, $4,000 botDg for attorncy's
fees; about s65,000 IA for tnxcs, insurance,
etc.; about s3O,0c0 ns olfaets-prlnctpdlly
payments and cancellations Of bauk.books ut Is
cents on tho doliar, an1 appearing both as re-
missions arJ yet to 10 added to iiGBo cxDetldt-
tnrcs, u,l 1t may 1c that the practtc Of tictI
ttonsfy Increasing the total receipts will 1ucTcaso
is'e amount for the Receiver to compute, his
i!lc s!tn,s expended for atlornGy's fees cxprblt-
ant. being ut the rate Of SIt 0Ul year. md they
hopu 1t will cnnttnrn to decrease The scttl0.
tnent vi ttlc claim tho bank Ind against tho
Chtcago Cotint Manufacturing Company ls re-
riewcu at some length In the report, mud tho
Committee. tnd!ns tho transaction TO hnya
some suspeiuus clonlcnts In 1t, stnte their III
ten'lon to examine 1t moro thoroughly hero
alter.
The total yaIua OF urapcrty sold for bank
l'ooks under the urtlcr Ut Court allowing bank
books tn bo tnken III paYtnent for real estate at
Is cents on The lollnr H. as estfnatca by thy Re-
Culver. about sld,e00: of this at,,ount S3i 0oo IN
vaIus 10 rtty property, antl abont slnooo y
Us invaluable propurty US tho bank possessed.
Complaint has bcan mado of fayurltts1n In tho
securing af desirable property for b0oks, alnl
several cases arc cited, Us those OF Mr.. Derrick
vol, u,ul Mr.. j. e. l1ntncs, who wera Rblo to
procusu desirable property which othcrs had In
vain aysea to secure tar hoalss. III oNs trans-
aetlon, tho Con'nitteo tlnls ground for
bs'.ying tl@t ex1tt!1 % qqtfbs,
acl!Dl, Of tho Keccvcr-iils salu ot No. 4aU West
Adams street tu Ellen Felton md others. Thu
Committee nre trMly Of tho op1nion that the
order allowing tln' ltcceiyer to srll tho real
books ut II cents 0n tho dollar, IL not operating
for tl,e bunetit 1T Isv tjop0sturs Euteraly, untl
should he at nuco discontinued.
TIN val,,n u tho rcnl estnta pronctty rolnain.
| fnr l.,sod IL about aa follows: City property,
ott,er than bank h.stlnss, ~, ,u1Q; equity In
hank buildings, sa0o, ,to1; suburban md cou,,-
try, glVO,00j; totaI, s335, ,0uo 1t will ba see1.
tat under tic orcr tNs ely property Is by!1,:''
| much MOre rapidly faken 1dr DOCKS ttlau SUD-
urbaM and coAnlry. -......
Tile Committee urge the passage OF tho bill
requiring Receivers to 4vs na'ncs af ut tlehtora
| TO ihe bsnk, MnA otherwise kcou thc deposttora
| informed CONCERNING thp estate. US u ,!,cal1a
which will dccreaso Opportunities for fraud.
Ihu prospects Of iii carly diyllcsal will de-
pend utun il.o event u thu sale Of the bank
h,tllIIlgs In April. These arc ineunlhcrca for
| gSO,tk]o, a,,.A tl,elr cstinsateA value u
42AJWb II sold Ut fair prlce
4 dividend OF 20. cr cent cost
bo pad The Committee isivito tho coopcra
ton VI aeposstuEa In tcir iahoss to let Daylight
IN upon aIi transactions conneclou with tl,e co
ccrn, The report Is signed By i. j. Griffin
Jalnes llollel4, u!l4 4, q. Uaggtauo.