The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1889-12-15

81, 200, the same are he'd, with the add
ton Of Mckay
For the Mcdonald loan of 5000 Bev-
ans. Brock, Carol, Btyhar, Doneian.
han, Miller, Monks, MuhPhy. Mcdonald,
0'Oalfahan, Reilly, Sweeney, Smyth and
Sheeran, who were managers at the
time, are held.
LIABILITY FOR DOCUMENTS.
The matter of the discounts made by
the bank are next considered by the opin-
ion. In answering this part of the bill
the defendants were seiyifaed into three
classes
Those who claim that they did not
know that any discOunting was going on;
those who claim that they Thought that
the bsnk nnuld discount to the extent of
the special deposits, and those who claim
they thought that they could discount
from any deposits. AZ
The Chancellor demolishes ali these
claims by showing that there would be
no foundation for them if the directors
had exercised ordinary business precau-
ton s'Rnd proceeds TO designate the liabll-
ity of each for the losses sustained by
the bank through these discounts.
The bank lost SIS, 44d on paper OF John
Van Worst; for this, With interest from
November 10, 1878, Bcyans, Carroll Dit
mar, Fitzpatrick. Halliard, Kerry Nc
Bride. McGuiean, Murphy, Monks, Far
reilly, Sweeney, Miller, Peryail Mckay,
Reilly, Snivth and Sheerap are held
liable
Loss onfJ. II. Montgomery IS note $1,000,
with interest from November IL, 1871.
Bevans, Carol, Ditmar, Fitzpatrick,
FarIeily, Halliurd, Kearney, Mcbride,
Michigan aud Aieehan. Miller, Monks,
peryaiI, Reid, Reilly Sweeney, Smyth
and Sheef;tn
Note OF SEVERN T. Bruin, S5f, with in
terest from June 3. 1871. -Beyans, Carol,
Fitzpatrick, Halliard and Keary Nc Bride,
Pervail, Reilly and Sheeran, liable.
Noteof Charles w. Pervail, 81 $50, with
interest from. January 6, 1871, same de-
PENDANTS, liable.
Note Of Richard McAghon, slg0, with
interest from December /, 1871. Bevans,
Carol, Ditmar, Fitzpatrick, Halliard,
Keary, Mcbride, McGuigan. Meehan,
Miller, Monks, 4Peryail, Reilly. sweeney,
Smyth and Sheeran, liable.
Note. Of Joseph Hartford, 500, with in
terest from July "A, 1872, last named de-
PENDANTS and Murphy liable.
Note of John .McGnigan $500, with in
terest from December 3, 1872. last named
defendants.
Note for S55, with interest from October
IS, 1873, last named defendants with
Brock, Kelly, Mckay and O'Callaghan
liable. 4 ltts
Note of Lahey, $50. and interest from
May 5, 1876 Beyans, Brock, Carol, Dit
mar, Halliard, kearey, Kelly. Mcbride,
Mckay, Meehan, Miller, Monks, Murphy,
Mcdonald, O'Caliag han, Reilly, Sweeney,
SEith, Sheeran, liable.
Note OF David Walsh. SIS, with interest
from August q, ls15--Last named de-
PENDANTS With Donelan liable.
d Note of Patrick Lee, SIS, with interest
from September 30, i816--Ilast named de.
PENDANTS liable
No1eof 3ohn Halliard, $500, with inter
est from April IL, lS16-Sanie defendants
liable.
Note Of Adam j. Ditmar. $500, with in
terest from February 6, 1S77-last named
defendants liable.
Note of Ellen FLAMING, sl25, with in
ue.est from March II, ls5, less small
credits paid by Father Brennan, same de-
PENDANTS liable.
Note Of S. E. Allen, $3.50, with interest
from February 8, 1878, same defendants
liable. a. a
Halliard took from the oank openly,
without security, $4,000: for this, with in-
terest from March 3, 1875 Bevans, Brock,
Carroll, Ditmar, Sweeny, halliard,
Reilly, Keafy, Kelly, Mcbride, Mckay,
Meehan, Miller, Monks, Murphy, Melon
aid. OCallaghan, Smyth anu Sheehan are
held liable.
Halliard also took $1,000 in December,
lol, anu %o,uou VI OclODef L, 1919. FOR
these sums, with interest from their
dates, Bevans. Carroll, Ditmar, Fitz-
patrick, Farrelly, Halliard, Keary, Nc
Bride, McGuigan, Meehan, Miller, Monks,
Murphy (only to $1,000, Pervail, Reilly,
Sweeney, Smith and Sheeran.
Ha,liard & HalOren secretly withdrew
$50, 300 on October 81, 1872, for which, with
interest from that date, Bevans, Carol,
Fitzpatrick. Haliiard. keary, Mcbride,
Michigan, Meehan, Pervail, Reilly and
Sheeran are liable.
On October IA Halliard withdrew 500;
on November 2, $2,24l.1i and S32L11; for
these sums, with interest from date of
their withdrawal, Bavans, Brock, Carroll,
Ditmar, Keary, Kelly, Halliard, Mcbride,
Mcdonald, O'Callaghan and Reilly,
Sweeney, Smythe and Sheeran are liable
THE PERSONAL. LIABILITY OF EACH
These findings make John Halliard
primarily responsible for $2l ,640.27 ON the
mortgage transactions and So $50. % on
the discounts, making atotal OF $50, 400 40
The estate OF Patrick Reilly is secondar-
lily liable on the mortgages for SIS, $50. "a,
aud his proportion of $11677.22 Of the
losses by discounts, making total OF
$50, 5ap.49.
The other directors of the bank are held
collectively and individually liable for
their proportion of the following ac1
icounts:-- - ssgo
Bevans, Carol and Mcbride, on the loss
by mortgages, $l4, 1921; on the loss by
discounts, s6T, $50 %: total, ssl. 1868.
Keary. on mortgages, 5000; on dis
counts, SCI, 500. 20; total $40. $50 90 "
Peryail, on mortgages, 81, 1925 on
discounts, $50, 597; total, S7l.7342 81 =
Meehan, On mortgages, $500; ON dis
counts, $40, $50. -; total, ~, b022 a.
Miller, on mortgages, SD, 1927; on dis
counts, &96 ~. %; total, S4l ,0s9 49,.
Mcdonald, on mortgages, 5000; on dis
counts, So .262'22, total, 81 1922
; O'Cullaghan on mortgages So 900, on
discounts, 1882 y, total, 81 ,392. %.
Reid, on mortgages alone, e., 900.
Michigan, on mortgages, $i1 ,0S7, ~; on
discounts, So, 1856; total. SOS. s22 q.
Ditmar, on mortgages $l4 ,647 &c; ndis-
counts, SIS 3d.. -; total, 4S,599.49
Fitzpatrick, on. mortgages, Sl0,0l7. "a;
en- discounts, $780, total, $50. 559.27.
4 Donelan, on mortgages, 50 ,0Lt0; on dis
counts, 81 ,025; total, 81, G25 T.
Sheeran. on mortgages, Sl4, 1922; on
discounts, SCI, S59. ~; total, $Sl 1886. 49,
Smyth, on mortgages, STA. 1927; on
discounts, s33, %; total 81 $50 49,
Sweeney, on mortgages, Sl0,6f27; on
discounts, $33, 752 %; total, S44. S99.49.
Monks, on mortgages Sl2641.2f; on dis
counts, &G, o52,22; total. $39, 599.49. IN
Farrelly, on mortgages. $S,a47.27. on
Murphy, on mortgages, $40, 327. 81: on
discounts, seq, ss9 ~; total $40. i59. 40
Mckay, on mortgages 81, 2O0 on dis
counts, $25, 49,. %; total, $2S, 0333. %.
Brock, on mortgages, $4,000; on dis
re. nrof , y