New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-24
coxrERpING AT THE HOFFMAN HOUSE,.
STOCKHOLDERS OF TIE BANK WILL MEEu
AGAIN ON TIIURSDAY-MR LAUTERBACH
ExpTAINS THE CHARGES


AGAIN ON THURSDAY-MR. LACrERBACH
EXPLAINS THE CHARGES.
The Hoffman House has been the uptown meet
, n,oce ~ the directors stockholders. depositors
and others interested in the meetings al whch .ns
affairs of the Madison Square Bank nave pee" us
c,lssed since the suspension OF the oa'N ~
August and II was the centre or attractloa anu
the base of operations for those concerned III '"e
hank and its officers last evening The arrests OF
prasdart RIaut and Mr. Mcdonald were almost
,h colo tonic Of conversation during the entirs
evening. ,.oa .
meeting at the hotel for last evening, 10 u'seuss
plans for the reorganization or the pahA' a'.
Mcdonald was to have announced at this meeuhs
what he would do in the way OF paying or CIV
ing security for his large Indebtedness " ~.
hank His arrest as well as that OF Fres'oens
Baut put an entirely new aspect upon the case -
number of the stockholders met, however anu "'S
cussed the developments OF the day. anu inc 80
ing they would have upon the future OF the oa.'
There were present c. c. Shayne, Freoer'ck YIN"
man. James Leary, r. D Levy W. 10
and Edward Lauterbach. 49,.
President Blaut came TO the hotei aooue
o'clock in charge of a Central once ue'e'"e
He seemed to take his arrest as cheeriuh' %
possible He had conference with MI. hau'e
bach his counsel. in which he arranged 10 app.
this morning to furnish bail Simon Uhlman' n''
r,ar Refore leaving the hotel President bau.
entered the room where the stockholders were anu
remained there for few minutes ne "ei' '
about sa5 O'clock in charge of the detee.Ne'
The stockholders voted to meet again at the oihcs
Of Hoadley I.auterbach & Johnson on Ihursuas'
The final report OF the Reorgah'~a''o" N'
will then be made.
Mr.. Lauterbach said after the meeting '"aS
ubile the arrests of the officers of the bank "ou'"
NOT necessarily prevent reorganization, II was e~'
trsu,slv probable that the Reorganization Comm,nt-
zee wou19 prospects We're he said. that the re-
oraanization of the bank would be abandoned me
postors be paid in full with little further delay
AS to the arrests of the bank oilciais az ri,,rv
Hac swearlng to the last bank statement in June:
which it is alleged contained fals nd ba AMOUNT Of
money nS ne owed to it by directors, s,os NJ Tan.
bank shnw 9f ' hst there due
directors of the bank about s6'" whereas ss az
o.; a The REPRESENTATIONS concerning undivided
profits and surplus, 1t is alleged were also i"co''
THE charge against Mr. Mcdonald Mr.. Lauter.
bach explained lis that Of forgery Inc
On the night before the failure of the bank MI NC
Donald wrote on the back Of one OF MS no,s
to the effect that the payment OF me mote h va
made to certain ms the
qualified instead Of Ina9aIIed ,s inc sboulS not he
paid until the stock which was put up as security
for Il should be quoted at 81 49,, 49,.
..Informations have been filed against the otneS
directors under clause in the Banking act OF 10
which provided that indictments for msdsmsanSs
coul be found against directors Of bank wnich
had failed frauduently These are the mrs, , prose-
tons under this act The proceedings VIII u"
loubtedly be interesting. ~ q,
rs there any doubt as to the validity OF the act"
was asked. -, 49, .
'Ah-Cm" said Mr.. Lauterbach II guess
won't lay down the law here Ii might not De gooo
law H..
The stockholders adjourned TO the barroom afteff
their meeting and sadly drank TO better times ane
brighter prospects.