New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-18

erohIe lot Of Them but as the bank was old one
they had accumulated and when cerIa,n iu.iu
featuring firms had failed the bank had taken Wha,
il could seize. 1t is also asserted tna TUE ~
bought the acceptances from Haigh at discount VI
| 10 per cent. 81, -.
I'm examining the books of the bank it has been
| discovered that on the day the bank SUSPENDED
President DeuisOn had only 200 shares OF STOCK III
| his own name although IL was generally reporiSu
that ne held One-haf the capital stock OF the paHk.
These 200 shares. il is said were loaned hlih pS Is
son-In-law George Henriques, and given 10 the
bank as collateral security for loan OF $loOoV, Oh
a discounted note. On Monday, December 20 M.
! Duncan transferred 67G shares of his STOCK 10
| George HenTiques in order 10 make the application
for receiver. This transfer three daNs previous :"
the suspension of the bank has caused much COM
ment. Receiver White said in relation to the trans
| fer that only 200 shares stood IN the president
name at the time of the failure. ana there were
transfers of between 600 and 700 shares either on
Monday, December 20, or short time previous 10
that day. a.o ooo
Three depositors whose claims aggregate S4O'00o
have taken steps TO recover their deposits on the
ground that the president personally cognlzant
of the condition of the bank that he knew OF
Haglis IRREGULARITIES. and that he knew three OF
four days prior to the actual suspension that the
bank was unable to pay lis debts III 1ull, ana
should not have received deposits
THE GERMAN REPUBLICAN QUARREL.
WHY MR.. DITTENHOEFER WAS DEFEATED-TALKs
WITH THE NEW PRESIDENT AND MR. DlrIEN-
HOEFER.
The quarrel between the opposing factions In the
German Republican Central Committee caused
much comment in political circles yesterday
There were two special reasons Tor MI
Dttenhoefer's defeat for reelection as president
One was that lie had held the same position for
several years and some of the members thought
that a change would be a good thing. But of more
Importance than this is the fact that Mr.. Often
hoefer has for some time past strongly opposed the
policy of the leaders os the Republican party in this
city, He was delegate from the AAth District
last year in the Republican Central Committee I'M
der the new apportOnment he became president OF
the new XXIst Assembly District. lie was de
feated at the recent primary election. But the
president of the German Republican Cen
tral Committee is ex-oficio a member of
the Republican Central Committee, and if
Mr.. Dttenhocfer was elected he would be
still member of the Central Committee
1t was deemed best by many that the two
Republican organizations should be IL, accord,
and 1t is said that on this ground more than any
other Mr.. DttenhOeieT was depOsed ana defeated
This was the reason assigned by several prominent
members of the organization with whom reporter
of The TRIBUNE convcTsed yesterday.
Morris Fucdsam, the new president. sald yeSter-
day: "1hc whole trouble is simply tins; Mr.. l,lt-
tenh0efer has shown too much schshness IN ms
connection with the German Central COMMITTEE.
He cares more for his own political success han ioT
the interests of the German Repuo leans. lie IL not
really a German he was born III tIls country ana
he has not the interests of the Germans at heart
He was elected several times as chairman of
the German Central Committee because he
made good presiding officer: but he
abused the office. He tried by every means IN his
power to obtain appointment or nomination 10 sew
eral Offices and when he failed he began TO fight the
leaders who opposed his nomination.. lie was de
feated as a delegate in his own district on account
of his opposition 10 the leaders, The Germans
wanted a change in the head Of the organization;
they desired president who would act Tor the ben
eft of the party and the German Republicans
A. j. DitteuhOcfer said: "One of the motives
that inspired the opposition to my was to
prevent my admission as a representative 0i the
German Republicans into the Republican Central
Committee OF which General Arthur is president.
From the Independent course that have taken dur
ing the last two years. and my opposition to the
policy adopted by the leaders, It was thought
best to exclude from the committee.
There is not the slightest doubt that of the regular
delegation had nearly eighty votes. In the rump
meeting that Mr.. FTiedsam held hc admitted men
who were defeated as delegates in their DISTRICTS
OF course it was an illegal organization. and was IL
legally brought into being by the aid of the violence
of the outside crowd The election of myself and
colleagues took place iii the regular meeting room
Our future plans are not yet settled, but we Will
have our headquarters at the Steuben House"