Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-09-29

Milwaukee,, Sept. 23.-The motions of
Patrick Donnelly and ---exander Nc
Dongall, both asking for Il co-receivcr
Tor the Marine bank, were argued be
fore Judge Johnson The end was not
reached, but Judge Johnson indicated
that he would appoint two more re-
ceIFers if he made any change at all.
Mr. Becker formally denied being per
sonally responsible for the debts Of
the bank under the individual liability
act
The petition Of Patrick Donnelly was
first read by Charles Quarlcs. W. J.
Turner then read the McDougall pc
fiilon. Mr. Turner said that nc had
given notice to the interested parties
thai Turner, Bloodgood Il kemper had
been retained by go depositors, with
cianIs ranging from 500 to $1,000
each and aggregating from S225,OOO to
S275,DOO and that these creditors join
with Alexander McDougalI's petition.
H. Is. Miller, .Jr., representing Re
ceiVer Becker, opposed the motion for
d sO-receivcr. lie said that an adj
di1onal receiver would be unnecessary
and embarrassing, and might require
the employment Of additional attor-
neys. All this would be expensive.
Mr. Miller then described Mr. Beck
cr's connection with the Marine bank
An affidavit Of Mr. Miller stated that
the deponcnt never saw the personal
liability clause advertised except once
and men i'll the Bankers directory
When he became connected with the
bank Mr. Becker directed that this
line he taken out Of the advertisement
III tie Bankers directory published by
Rand, McNally q 60. A letter written
June t., 1893, to the publishers directed
this change, but it was not made
through some misunderstanding.
Upon the advice Of the mayor and
other city officers City Attorney krez
opposed the motion for Il co-receiVer.
-. $. Rose, representing George Wiler,
q S225OoO depos.tor, oppo 'ed the motion
for another receiver. The receiver
really represented Judge Johnson and
could do little without his order, said
Mr Rose.
Attorney Samuel Howard asked to
De heard in opposition to the motion.
Judge Dyer, Of the Northwestern
Mutual Life Insurance company, said
b1c would regret the multiplication of
receivers.
Charles Quarts opened the argument
III favor Of the motion. He did not like
the veil Of Obscurity which surrounded
lie affairs Of the bank, he said. Re
seiyer Becker would not close
Up the affairs Of the Marine bank Mr.
.luarleS said, because he was both !,
plaintiff and il defendant in the ease.
To,.ay for the first time Mr.. QuarleS
said Becker had denied his individual
liability.
" J. Turner said that long before.
the failure Of the Marine bank the
officers knew of its bad conution and
thai Senator Mitchell called on his
brother-in law for the express purpose
Of trying to get the bank out of its
approaching difficulty. Mr. Turner OBJ
Jected 10 him on that account as Il
receiver Washington Becker knew
that the bank was inSolyent Il week be
tore il failed, Mr.. Turner charged, and
should not be allowed to become its
receiver
rhc suits which Receiver Becker
brought against John H. Mitchell and
John Johnston to recover on their per-
sonal notes to the Marine bank have
come to naught
At the opening of court i'll the after
noon Judge Johnson announced his de-
siSon granting the motion to direct
Receiver Becker TO stop the proSecu-
tlon Of the suit against John Johnston
10 recover OH his note for S15O,OO0. The
slit against Senator Mitchell falls
through because there was no service
Of the three suits so commenced the
one against David Ferguson is the only
one on which Judgment was secured.
These suits were brought in the SUI
perior court The attorneys for Mr.
Johnston We're about to appeal to the
supreme court from IN order 10y Judge
Austin Alexander McDousall then
stepped III and brought the matter to
the attention Of the circuit court and
succeeded III having the suit stopped
altogether.
Judge Johnson did not render de
eisions today in any of the Marine bank
matters which he had under consider
alton
The Homestead Land company wish
- to make Receiver Becker Il party
defendant To 4 suit which it has brought
TO foreclose Il mortgage given 10y the
Milwaukee Tack and Nail company.
Private opinions have been secured
by some Of the large creditors of the
Marine bank rs TO tho canStitutionality
If the law making tho owners Of the
bank personally responS.,.c for the en-
tire debts Of the institutional law the
bank quoted constantly in its adyer-
TisementS and i'll other ways while in
ducinG patronage. The lawyers asked
for these opinions are among the lead
Ing ones i'll the state and they are Il
unit III the declaration that the owners
can DC held. individually and collective
". under the l;ta
WEEKLY BANK STATEMENT