Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-28

tluusund dollars, aud proposed ie tihe
respondent thar said suit be pushen y
an issue Immediately, aud thnt silu
Taylor and this respondent sheulI MY
In said tract OF land upon when me
ycndor'- lien existed for the amount
Of sai,l original lien. tO-wii; AhOut
tventy-ihree Thousand dollars and that
they should then divide said tract OF
land. consisting ~ about sixiy-seycn ana
une-half acres. between this Respondent
aud him (said Taylorl That this re-,
.p0ndent then and there scornfully and
Indignantly repudiated said proposition
80 made TO him by u. w TAYLOR, he
spOndcnt here AYERS that be believes That
T.. T.. Chase instigated and prolnpitd
said T., w Taylor 10 make snil llfopo.
silion for corrupt purposes and that, said
proposition was so made by said ~. W
Taylor partly in the Interest OF said H.
4. Chase.
This respondent further shows thai 10
other stakeholder In said bank wouh u
any time render TO said hank any fuch
assistance as was afforded 10 IL by Tins
respondent a. aforesaid. although re-
spondonl often urged many Of the w".il-
thiest stockholders Ia assist him
aud 10 aid IN rp-ostablishing this wrhrkr
institution upon solid basis and TO ave
II that high financial prestige which It
formerly enjoyed: hut that said stock
holders. one aud all. refused tn do -
That all Of these matters Nere great
burden 10 respondent and bore heavily
upon him, and that no other motive
prompted Him 20 continue in said in.ti-
tuition rs aforesaid. save and except his
pecnniary interest involved IN same, anl
his reputation rs man,
That he never had any desire by his
connection with said bank nor has he
ever tried 10 make money thereby. otirf
than IN legitimate way rs a stoHk-
holder In same.
lie further shows 10 the court thu he
has tried TO sell his entire holdings Ia
said bank at thirty dollars per share
made such an oifcr TO II, W. Taylor Hnd
others, In order that he might get rid of
srch troubles and burdens as he was
carrying for said institution.
Respondent shows 20 the court that,
after the filing Of this suit. he has. with
his own money to the extent NJ s.
furnished the said bank with means
with which 10 meet the demands Of -
depository until every dcpnsltnr has been
paid in fhll and that had he wished to
wreck the bank and dcprcciatc the stock
he could have allowed The doors Of SAID
bank to he closed and the United states
government, through the comptroller OF
currency, 10 take Possession thereof and
thereafter acquired such stock rs h. de-
sired to acquire at much lower hgnre
than thirty cents on the dollar
Respondent further shows that v is
true that A. H. Smith was retained a.
cashier of said bank ~ q salary ut three
hunlrcd dollars per month, hut he does
not remember when % single objection
las hrrn raised Ia ihc amount Of salary
mid Smith. He shows To your honor
! that Smith was the former cashier ot
said bank before the suspension OF same
and Is thorough business man. con
| ycrSuut with every detail OF the banF-
/ inr business and the financial affairs of
defendant bank, knew all The people
/ who owed same, knew the CIRCUMSTANCES
| under which they had obtained tue
| money, knew Of their rating aud stand
! Ing financially. many Of the said debts
! having been borrowed upon pledge
| IN him Ia bc repaid aud In view OF these
| facts respondent believed then. and sub
seducnt developments have fuzzy just
! fled the belief. that he was the best man
| who could have been employed as cash
| Ter of said bank, aud for the collection
| Of It's said debts.
Respondent admits that when said
| bank was re1rglniZcd, some Of the old
| stockholders opposed the election OF \,
| b. Smith MS a director and cashier, but
many OF these subsequently changed
| their opinion upon this point ANON;
these was r.. ~. ROwell one of the
| largest stakeholder in said bank, for
| mary It's yiccpresident, and 4 man OF
| excellent character and standing as q
| gentleman. on Aug -. 1892, addressed
hereto attached and made n part hereof
In which hr stated that hc was satisfied
| that the plan Of making Smith cashier
was q good one, and TINT he was rlN
| That he lid not succeed In rcmoylnl
Smith. Respondent further refers e
that part Of said letter In which salt
n. H. Powell very highly cOmmcnds The
efficient and valuable services .
respondent rendered TO suid hanl,
Further, that snid H. H. Powell repre-
scented his brothers, aud they weU
among themselves, N said time the own
crs nf .i9n shares of stock In said bank
and said H. T., Powell IN said lcttr
offered said stock for sale 10 this ~
suondcnt at $40 per share.
Respondent further shows TINT ate
the resumption of business 10y SAID han
IA aforesaid, the management nl sal
bank realized that several OF us Tor
mrr officers who were indebted 10 II Il
sums nggrcgatiug about S2OlWu. wou
not nay their said indebtedness: and tina
H. ". Chase, a debtor to suid bank 4
the extent Of Sl25,hOO or more, aud +
W Taylor who was liable upon papc
due to said bank 10 the amount of SGO
900 To SIO,OW. wrrr conveying thpi
property 10 their rchiiycs and that III
impression become current aud genera
prevalent that such cOuvcyances wpr
made To- dciuiud their creditors, NOR
especially said bank Said hnnk thrr,
upon sued said Taylor and Chusc ulO
the debts due by them To said hnnl
Of said Chase for the sum of ubor
100000 aud said Chase sued sui
hank, alleging said attachment and lev
/ Hereunder To have been wrongful an
, malicious, That these facts were pull
, lishcd uhrund especially IN the East, an
Ms dcfcndnut verify believes were s
/ published through the procurement Of III
, | said Chaser and said former officers hny