Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-18
IN AN AWFUL TANGLE.
The Depositors of F. and N. Bank
Have a Red-H0t Meeting.
CITIZENS COMMITTEE RESIGNS.
Ex-Chairmau Gearing Says He Will Look
After His Own Interests.
ASSIGNEE SORG is NOW ITHE TARGET

The depositors of the defunct Farmers
and Mechanics Bank, Southside, are just
now involved in tangle over the affairs of
the bank. The sudden uprising originated
with Dennis Dorsn, one of the depositors.
He claims there has been crooked work
somewhere in the disposition of the banks
funds, and, with others of his supporters,
called several meetings of the depositors to
inquire into the condition of the banks
AFFAIR.". Assignee Sorg has been asked
number Of times to give a report to the de-
positors of what has been done so far and
what might be expected. He failed to re-
spond by his presence at the meetings.
H. c. Gearing, the Chairman of the Citi-
zens' Committee, with some others, did not
side with Mr.. Doran, and believed that all
was being done that could be at the present.
Mr.. Doran, however, pushed his call for
an explanation, and ssid that if Assignee
Sorg did not answer some of the questions
put to him, the depositors would find out
the reason why.
Last night another meeting was held.
Mr.. Sorg was not present Mr.. N. Snyder
took the chair, and Immediately after the
reading of the minutes of the last meeting,
asked what should be done with that clause
asking that the present Citizens Committee
be asked for report or requested to resign.
NO REPoRT TO MAKE.
Chairman Gearing said he had no report
to make and resigned. He said that he pro-
posed, however, to stick to the suits in equity
that he had entered in the courts against the
bank managers. They could push him out, but
he proposed to look after his own interests, and,
if they did not wish to stay by him. every one
of them could have their names taken off the
bill in equity.
At this point Dennis Doran and several
others wanted to know why Attorneys Porte
and Cotton had been retained along with Law
yer Ferguson. when the depositors only knew
Of Attorney Ferguson being employed. Mr.
Gearing said that three attorneys did not cost
any more than one, the only difference being
that they divided the per cent commission.
Another depositor said that the committee
had no right to employ only Mr.. Ferguson. and
he had been told by member of the commit
tee that Mr.. Gearing did not tell the other
members of his action in doing 80. Mr.. Gear
ing denied the charge, and Mr.. Doran jumped
up and wanted to know who was telling the
truth, and turning to Secretary ]. N. Jarrett,
said: You told me that MIR. Gearing did not
say anything to you about employing the other
attorneys. I'd like to know about this"
Secretary Jarrett scratched his head as he
glanced over the TWO men waiting to pounce on
Mr.. Gearing had spoken to him about the
matter some time ago. Mr.. Jarrett was finally
called on to resign and did So and Mr.. Doran
did the same, but his resignation was not ac-
cepted. '
HE WILL GO AHEAD.
Mr.. Gearing then left, after telling those
present that he proposed to go ahead on his
own responsibility with tho suits. and look after
his own interests. and would have nothing more
to do with any Of them.
When Mr.. Gearing had disappeared there was
q lull. The depositors present seemed to realize
that they were in an awful muddle, and no
nearer finding out about the banks funds than
before. One depositor said they must now look
to Assignee Sorg, as he held the key to the situ-
alton, and a new committee should be organ
lied and see what was to be done.
Messrs. David Deakin and Philip Baumgart
were elected to the vacant places on the COM
mirtee. The other members now are John
Shook, George Levi and Dennis Doran. 1t was
suggested that Messrs. Shook and Levi be
given a chance to resign, but that was not
thought necessary, as there was a majority
without them.
The committee was instructed to get report
Of Assignee Sorg, or of the court. and the
meeting then adjourned at the call of the
Chairman. What the committee will finally
10 will depend on further developments, and
with the attitude of Mr.. Sorg and the rival
committee, composed of H. G. Gearing, some
features are presaged.