The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1889-12-14

Fitzpatrick, Halliard, Mcbride, Nc
Guigan, Meehan, Miller, Peryail, Reilly,
Sheeran and Smyth.
For the Hyland loan the above defend
ants together with MONKS Farrelly and
Sweeney, who had been added to the
committee at that time.
For the Dunden loan of 81 200 and the
MaIoney loan the same directors are held
as they were in office at the time.
For the loss on the Grand street lots
and the Doyle and OSullivan loans the
same directors with Murphy added.
For the loss on the Tighe mortgage,
81 200, the same are held with the addi-
ton of Mckay.
For the Mcdonald loan of $1,000
Bevans, Brock, Carol, Ditmar, Donelan,
han, Miller, Monks, Murphy, Mcdonald,
O'Callahan, 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
opinion. In answering this part of the
three classes
Those who claim that they did not
know that any discounting was going on;
those who claim that they thought that
the bank could discount to the extent of
the special deposits, and those who claim
from any deposits.
The chancellor demolishes all these
claims by showing that there would be
| no foundation for them il the directors
had exercised ordinary business precau-
ton, and proceeds to designate the Gabfl-
ity of each for the losses sustained by the
bank through these discounts.
The bank lost SIS, 440 on paper of John
Van Worst; for this, with interest from
November 10, 1878, Bevans, Carol, Dit
mar, Fitzpatrick, Halliard, Keary, Nc
Bride, McGuigan, Murphy, Monks, Far
reilly, Sweeney Miller, Pervail, Mckay,
Reilly, Smyth and Sheeran are held Ii
able.
Loss on J. r. Montgomery's note $1,000,
with interest from November 13, 1871.
Bevans, Carol Ditmar. Fitzpatrick,
FarrellY, Halliard, Kearney, Mcbride,
McGuigan and Meehan, Miller, Monks,
Pervail, Reid, Reilly, Sweeney, Smyth
and Sheeran.
Note of SEVERN L. Bruin, $57 with IN
terest from June 3. 1871. Bevans, Carol.
Fitzpatrick, Halliard and Keary Mcbride,
Pervail, Reilly and Sheeran, liable.
Note of Charles w Pervail, 81, $50, with
interest from January 8, 1871, same de-
PENDANTS, liable.
Note of Richard McAghon, S120, with
interest from December /, 1S71-Bevans,
Carol, Ditmar, Fitzpatrick, Halliard,
Keary, Mcbride, McGuigan, Meehan. Mil
L ",
Smyth and Sheeran, liable.
Note of Joseph Hartford, $780, with in
terest from July "A, 1872, last named de-
fendants and Murphy liable
Note of John McGuigan, $780, with in
terest from December 3, 1872, last named
defendants.
Note for SIS, with interest from October
Is, 1878, last named defendants with
Brock, Kelly, Mckay and O'Callaghan
liable.
Note of Lahey, $50, and interest from
May 5, 1S76-Bevans, Brock, Carol, Dit
| mar, Halliard, Kearey, Kelly, Mcbride
Mckay, Meehan, Miller, Monks, Murphy,
Mcdonald, O'Callaghan, Reilly. Sweeney,
Smith, Sheeran, liable
Note of David Walsh, SIS, with interest
| from August 81, 1S75-Last named defen-
| dants with Donelan liable.
Note of Pairick Lee, $25, with interest
| from September 30, lS56-last named de-
| fendants liable.
| Note of John Halliard, $500, with inter
| est from April II, 1S76-same defendants
! liable.
Note of Adam J. Ditmar, $500, with in
| terest from February 6, 1877, last named
| defendants liable.
Note of Ellen Flanagan, $125, with in
| terest from March 70, 1877, less small
| credits paid by Father Brennan, same
| defendants liable
| Note of S. E. Allen, Sl60, with interest
from February 9, 1878, same defendants
| liable.
| Halliard took from the bank openly,
| without security, $4,000; for this, with in
| terest from March 3, 1875, Bevans, Brock,
| Carroll, Ditmar Sweeney, Halliard,
Reilly, Keary, Kelly, Mcbride, Mckay,
! Meehan. Miller, Monks, Murphy, McDon
aid, O'Callaghan, Smyth and Sheeran are
| held liable.
Halliard also took $4,000 in December,
| 1871, and $1,000 on October, l, 1872; for
| these sums with interest from their dates
| Bevans, Carroll, Ditmar, Fitzpatrick.
| Farrelly, Halliard, Keary, Mcbride, Nc
| Guigan, Meehan, Miller, Monks, Murphy,
| (only to IS 000) Peryail, Reilly, Sweeney,
| Smith and Sheeran.
| Halliard q Haloren secretly withdrew
| 49,, 800 on October 81, 1872, for which, with
| interest from that date, Bevans, Carol,
| Fitzpatrick, Halliard, Keary, Mcbride,
| McGuigan, Meehan. Peryail, Reilly and
| Sheeran are liable.
| On October IA Halliard withdrew 500;
on November 2 $2,24l.11 and 1921 II; for
| these sums, with interest from date of
their withdrawal, Bevahs, Brock, Carol,
| Ditmar, Keary, Kelly, Halliard, Mcbride,
! Mckay, Meehan, Miller, Monks. Murphy,
| Mcdonald, O'Callaghan and Reilly,
| Sweeney, Smythe and Sheeran are liable.
| THE PERSONAL LIABILITY OF EACH
| These findings make John Halliard
primarily responsible for $21, ,640.27 on the
| mortgage transactions and So, $50 20 on
| the discounts making total of $S;9, 400. 49,
| The estate OF Patrick Reilly is secondariIy
| liable on the mortgages for SIS, ,S52. 81,
| and his proportion OF So, 81, 20
| of the losses by discounts.
making a total of $50, ,52949
| The other directors Of the bank are held
| collectively and individually liable for
their proportion OF the following ac-
| counts:--
| Bevans, Carol and Mcbride, on the loss
| by mortgages, $l4, 13727;. on the loss by
| discounts, S67, ,S59.22: total, $81 1896 49,
| Keary. on mortgages. $1,000; on dis
! counts, $67 %; total, S10.S59 %
| Pervail, on mortgages, $1l, 1921; on
| discounts, S60,59 total, $71.7S427.
| Meehan, on mortgages, 5000; on dis
counts, $49, ,592. .22; total, S57, 500. 90
Miller. on mortgages, S14. 1927; on dis
counts, $26, ,952. 30 total, S4l, ,0S9. 40
| Mcdonald, on mortgages, $1,000; on dis
| counts, S3, ,262. %; total, s., ,262.22
| O'Callaghan, on mortgages, $4,000; on
| discounts, IS, ,392 %; total, $l1. .392 30
| Reid, Oh mortgages alone, So, 600
| McGuigan, on mortgages, $11 ,0S7.27; on
| discounts, $57, ,735; total. $6S, ,S22 27.
| Ditmar, on mortgages, $l4, ,64727; on dis
| counts, S33, ,952 %; total, S48, 500 40.
| Fitzpatrick on mortgages, Sl0,0lT.2T:
| on discounts, $50, ,542; total, $50 55927
| Donelap, on mortgages, IS, ,0O0 on dis
| counts, 81 1925; total 81, OPS
| Sheeran, on mortgages, $l4, 1921; on
| discounts $67, %; total, $81 1896 40.
| Smyth, on mortgages, $l4, 1927 on
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