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

hfii ne nuN Nf MiA AlAhfH N-%lA
self freely about the business AFFAIRS OF
said Institution and lins invited the other
,irectors Ia do likewise; that none "l
said directors was bound by any agree
mcnt, compact or understanding, either
cxprcss or implied, 20 DO what TINS ~
spondent desired to be done concerning
the affairs Of said bhuA regaFui,ss %
said bank In proof oil Inc ioreEolns
nyerfneth t,sspOndent here refers 10 the
nfidavits of j. b. Littlejohn and g. j.
SWnsev twn of said directors, hereto
nttaehed marked as exhibits and made
part hereof Respondent shows lhht
some twelve months ago u. fortWouu'
one of tho Plaintiffs herein, came 10 re-
spondent and thanked him for having
done so much for said bank aud having
kept It from gOiug TO utter
wreck and ruin, aud stated
TO this respondent that respondent
had saved from shipwreck everything
worth saving Further, n. w laylor
former president and stockholutr OF
said bank. nlsu thanked this respondent
for his services to said bank and then
gave respondent the sole credit there
for and Stated that whatever value his
stock in said bank then had was due &c
the aid gwen by respondent 10 shi1
institution and that Us far as ne coluu
see, respondent had saved his 80 per
share on his stock. Further, Mllllhil,
Cameron. wealthy stakeholder ~ sall
bank of great business ability, likewise
| thanked This respondent in the same
manner as said purtwood and Taylor
aud stated that but for respondent : tS,
eriions all Of said banks assets wonli
have been sacrificed To meet The nahll-
tiles of same during the financial crisis
which was 50 widespread at the tlihc
Of said banks failure and for long
time thereafter Respondent shows thai
John Foster. cashier Of the National
bank Of Commerce, Providence, II. l.,
and with wide experience us banker
and n stakeholder IN said bank, and also
| James Schlechcr Of Philadelphia iN.'
another large stakeholder IN said instl-
futon. both thanked respondent Tor hlS
| Efforts in behalf of said bank and stated
that In their opinion respondent onght
To be- libcrally repaid for his services
50 rendered to said bank
Respondent further AYERS that he verb
| " believes that but for the support
| given by him to said bank, II would
then have been compelled to hquidnte
| In time of great financial distress
| throughout this country and lis entlre
assets would not then have been more
| than sufficient to satisfy the said de
mands of its creditors aud the necessary
| expenses Of liquidation: and that said
support ~ rendered by him as aforesaid
| enabled said bank 10 keep up ana that
| property values have since increased so
! that men who were AT that tine bauk-
! rupt aud insoycnt are now gradually
! Incoming able 10 pay their debts ami
| many OF said banks creditors are now
| preparing Ia pay IL their obligations there
| to. Respondent shows that while re-
sp0ndcut and his co-dircrtors have been
conducting The affairs of said bank, they
have collected from its debtors and
.ls.H. sltfIaf nD IN
over $T0O,OOO; aud that this money 50
collected was by them used to pay the
debts of said bank, by reason Of which
said bank has had but little cash IN its
vaults with which to conduct banking
business.
Tint the many appeals made 10y re
spondent To tue stockholders of said
aud assist him in carrying said institU-
zion. many stated that they would not
send good money after bad money, while
others positively and absolutely refused
to have anything to do with the affairs
Of said bank; nOne Of its stockholders
rendering any mntcrlnl nsslstnncr or
aid whatever except those here mention
ed
Respondent shows that he several times
heard of remarks made by other stock
| holders to The effect that the interest,
OF respondent were such that h. was
bound 20 take care OF slld bnnk
Your respondent further alleges thai
the stock representa- 10y VALIDITY ~ Guy
bankers of Adrnin. Mich, amounting In
oil to Ito shares. was sent To Furl
Worth. Tex, In the care VI Ross, Chap
man Il Ross. for the express purpos,
OF compelling some officer of the bnnh
IN buy said stock aud that respondent
50 charged and stated ut that time
This defendant further atiirms that sait
lI5 shares of Stock were hawk
ed about the streets of IN,
city Of Fort Worth and wrr,
sought to he there huckslrrrd oil: AN,
this defendant himself was several time
offered said stock at the price uf $50 pc
share, hul he M often declined tn bu!
Same MT that price, This responder
further AYERS that said VALIDITY X Cln!
are sigucrs of. and plaintiffs ia, suii
petition herein filed against the Mcr
chants National hank, aud that the.
before sending said 10 share Of stool
tn Ross Chapman x Ross as nhov
shown proposed ana offered OF thrl
own Nnlluoh' !" srl sun s!nrh 10 ~
respondent ana reluHS'eu MN !" lnah
mem an nlcr Tor sl!u slNk Whrreup"
; TINS respoudcnt, arllhg upon ms ow
motion. sent the letter continuing sal
= proposition OF Nnldby Clay. to III
: comptroller OF the currency OF the Unit
cl States, MIR, \. H. Hepburn.
This respondent further shows that i
the course of this correspondence wit
! Ross, Chapman ~ Ross the attorney
I | for VALIDITY X Clay, and other signrr