The Evening critic., 1884-06-28
THE sonrRR RANK CASE.

The Assignee Must Give Bond by
Tuesday Next or n Receiver Will
be Appotnted-The Edmonds Safe
Again.
The tame interest which has been mani.
Tested throughout in the transactions con-
nected with the failure OF Squier's Bank
brought this morning large attendance TO
the Equity Courtroom TO hear the decision OF
the Chancellor on the motion for an Injunction
and tho appointment OF q receiver.
Juatice Cox was prompt Ia coming 10, and as
prompt I'm giving his decision.
He prefaced II by eaying that he thought It
due TO the assignor TO say that the paper OF as
aiRnment was truly honest, but there were
other circumstances outside OF IL to DO taken
Into consideration, and at the came time, he
wiehtd TO Say that the charge OF fraud had not
been sustained. AS the bill had been amend.
ed, and that was permitted without objection,
IL stood as truet deed with tho creditors as
beneficiaries under II seeking their rights aud
asking for the substitution OF trustee. They
had tho right to BIO protected, and need not
wait until the mischief was done before seek.
Ing their relief. The experience OF the bust
neea world, and certainly they had had enough
OF II In this District, was proof that
Previous Good Character Was Not
Sufficient as Security
for those intrusted with trust funds. In these
days OF disgraceful defalcation good cnarac-
ter, II had truly been stated, did not make
ample security, Tho sssignee In this case
would be allowed until Tuesday next to file
satisfactory bond with sufilcient securlty II he
elect 80 TO do. II not, then tho Court would
He did not know the amount OF bond to fix,
whether $4,000, $4,000 or what.
Colonel Cook said that the claims OF the COM
Judge COX did not Know the amount was so
large.
that should BIO ascertained before the fixing OF
the bond.
Ss Ss oaas 81 to ns
that would BIO done II they could. He wished
to know how the bond was to be made.
be HGsS Cox ss9 h tas ssad T Was have tho
dark at present as to the amount the bond
Mr.. Edmonds' Safe.
Mr.. Nat Wilson at this point read TO the
Court the petition OF District Commissioner
Edmonds heretofore printed in THE CRITIC
for possession OF the safe in 5quier's ofIice,
setting forth that the contents were his private
property, and among them were two notes OF
Squier for 100000 and $4,000, respectively,
on which 1000 was still due. He said that
up TO the filing and reading OF the answer OF
the assignee II was not known or believed that
the assignee claimed any OF the contents OF
the safe. Whatever claims the creditors
might properly have on the contents they
would undoubtedly be satisfied. The safe
could be opened and schedule OF the contents
taken.
Judge COX said that tho receiver should BIO
granted authority to open the safe and 500
what there might BIO In It upon which the
creditors had claim.
Mr.. Wilson asserted that the answer of Mr.
Smith contained much that was incorrect.
The safe belonged TO private party. In It
was over 100000 In securities that belonged
TO Mr.. Edmonds only, and It was hardship to
keep him out OF them.
Mr.. Cole said they could be bad In tho way
the Court suggested, or by replevin and fling
bond.
Mr.. Shellabarger wished to know how that
would affect the assignee and enable him to
know the contents. He thought there should
surely be a bond given.
Judge Cox said OF course bond would have
to be given, and probably he would put 1t at
100000. Tho Marshal could open the safe,
an order be given him to that effect, and no
make schedule OF the entire contents, which
could be held for any necessary use.
The order was then made In conformity With
the decision OF the Chancellor, and for the
present the case is out OF court.
1t will be revived next Tuesday, however, II
the assignee fails to give bond as the declsl9p
requires. SP