Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-24

tN.t'i' VI SUI haik, aud without n.
cpurs, upon the bank itself. thar IA or,l,l
10 Induce the dirSin,e 10 ,Sen said NM,
ait save them harmless The hank trans
tcfnN and suld to them without rs
'Nhrsc on its notes Amounting 10 Tho sum
OF M-auns that 40 the time Of Ia,
snspehslVh or said bank. It's asaels
amounted 70 the sum Of 81 .Sia M. -.
aud NJ iW time Of its n,snmnlnn. tL,,
/ amounted 10 the sum Of 81 .,til ~ nj
! tnNl Nncr, resumption said bank Inns mid
on AMI discharged an Of it, ndehtr,i.
NESS, except ahont the stun Of S.,O an5
ai,u lhat has assets now IN hand
amounting 20 about the sum Of 81, nm,
that from the foregoing statement /, 4
| M1Mr"u that during the time thai said
/ Smltl mas been cashier and said Luekrtf
| mas hvrn president OF said innk mi
said Massic has been It's bookkecpcr. its
aumls have been iWdielously inana,.ei
and beneficial rcsults have ohtnineJ n,
It's creditors aud stnekhnld,.rs. Ints,n,,,.l,
] ~ SAID smith mud luckrtt have hnd tx.
J elusive charge ~ the collections al Ina
/ leb's due 10 the hank and pnyment al
NE dch,s due IN il, defendant believes
.nh. WIN the DILIGENCE that has hereto.
lore been exercised and IA nov hcinr ~.
/ ercised 10y said smith and 4 nrl.,, Ia
me collection of the debts duc Ia Mil
nanh, 4 viii. II not prevented be nhie
Z 70 feAlllc upon said assets al snll honl
.he sum OF not lees than SiOO.O0O; thai IN
,pvVt 10 the building IN which thr
PhsincAs of said bank has bren m,n.
ductcd since resumption. 6eiepdnnt bamt
hNd q lease thereof aud WAS rounirsd ~
Keep y until the 1st day Of August tslS
~ 500 per month. tilat sims, about M
hrst day of june 1892. said bank M
VI inet been az the expense of oub SiaO
per mouth for said hank building ~. I,
rented 10 j, u l.ittlcjolui a room In IA
building for so per month, ihnt sinn,
NE expiration OF said lense ON thr Ia
uaN 81 August, 1872, the dir,ctofs Il,
sud banl, have not obtained nn,tbnr
oul'u'hk ipt tue carrying Ou 0f It's lnisi.
ness, for The furniture and vaults a.
said bank Of great value hnye brsn h,
snll building; that defendant hank Il
under contract With the itssor of NH
putting 10 restore the building Ia ronJ
condition upon the cessation OF tin orc,,.
p"nyN lhennti that the iloof OF said hank
lling aud that large brick nnl irnn
vaults are In said bank ali mt thsr. L.
uelvndant hnnk before the mlsprnsinn
81 ms business to enable ID ia enn,lnrt
snch business. That to tear down s"ti
nHuis take un said floor mud tbrn I'M,
.nH nDi',llng M good condition would In
NoNc large outlay of money. nmonntin,
TO moro than would DE the diifrrrnre h,s
tween inc rent Of building costing Sm
per mouth aud the rrnt Of said buIii,n,
now occupied by said bank, Thai G,s
sone time past the officers ~ said ham,
10y nv o,rn htgVtmung with the officers
OF another contemplated bnnl for III
sale OF Us furniture, vaults nnd n,t,,r',.
rs they now stand Ia said Lauk. nnJ
li9l There is prospect uf th.lr brlv.
Nulc 10 sen the same 10 the per.nus MIN
Whom such Negotiations have been hni
hltl uln, u sunh sale Is effected Ii viii |
bv gfenuy Ia the advantage Of ia, banb
because II said furniture and n,tnres
hnd vaults should be- removed fr,n sai5 |
nmluing they would be thereby i,rea1, |
deprecated IN value, and probalii, nj, |
saiapl' except ~ great sacrifice. Thai |
XIV, w. we suspension Of said hank |
mere WINS paid to snid Smith. ~ rnabi,,
lor about three years. u salary ~ s5ni6
Yer anhuin, aud during Tho anna ,n,Jo'i
mere was paid 10 ~ w Tnvior 49, IL
president salary uf 5000 ner at,num
sn, I tn'r hulies were not w onnrous
~ .,'ii"vvnus w nave been the duties
sumption ' HlN'' re-
Fortieih, lrurlhring answering snid
lciillon, defendant tlcnies that saiJ I
Snnth and Pnge have taken ndyonisse
W lnyll plnslhi positions ana IN Violation
stockholders have sccr.ti rn,j,al ~
their own bchoof and benefit lnrre sumi
nl money Tor making lunnn hy snid han
hui granting extensions OF uotos mi
extending other favors hy said bnnk ~ !
We inlnry' loss aud IetrimouI of pl,in.
tL. 80 Yh' 'ls'' lhhi, hH alleged
NE matters IN said petition rrlnil,,. la
lhr transaction between said Smith All
rage aud A. W, Caswell urp tni,tr,,",
lnhl me following IN the real mud true
HMle pt lht matter aud presents ali Of
me facts IN relation ihcroto
~ august ~ lS.2, the Indebtedness
OF MIS- Snllle Huffman and tlle linn
man Implement company To- din bant
amounted 10 about the sum Of sI1g fspt
ihai \, w. tusWuil was at thai Inn.
iruslnc Of Mrs, Huffman nnd Of lilo
lluimhn Implement company FOR III,
purpose OF iiiHhnging ana adjusting their
athirs, embracing the indeLtptunsa al
said indebtedness. Tint. prior 10 mai
n.y. negotiations were had hetwetn said
isweli, representing said iulrrosts. and
'ali hhnk looking to tho discharge uf
aid indebtedness That on said Jny
,hiu negotiations were consuminlird III
IN agreement between said CaaNnll and
he hank by virtue Of which .rid bnt,i
which then held lien on large amount
u valuable property Of the cestui uur
trusts Of slid caswrll Agreed thai
II the event said Cnawrll phanld ,lit.
% lige The whole Of said indebtedness.
Except the sum Of ~ .BBOlg On the i5tb
lay Of November. 1892. by which uus
MY about SOJ,OOO 81 said indebtedness
you'd be due, II would release the Hens
n said property aud allow said rns. ,
gel rebate ~ S5OlO on The whole ~ 4
hlu ihufplrlnrHh. That it was az that a
imc, highly important to said Cnswcll \
nd those for whom he was acfing. thar I
aid rele.lsc should be- mndc. inusnnoll q
= he tllen had pending negotiations i
or the sale Of said properly inciunbrrnd 4
y the bans'n lieu. aud innsnluch a. !
bout SBj.thD u said indebted. 4
less would not be- due on +
aid 18th day Of November. 1892: II r
rus Important 10 him 10 get The mniirr u
such shape TINT he could conclude u
Is negotiations for the sale OF said IL
r0pcriy That AZ ihe time Of such y
between tho bank aud said n
aswell, said rAhwcl's resfui que trusts u
ere largely Interested Ia the North
ide Street Railway company. and The g
ort Worth City company upon lilo n
iei Of 100000. That ssId Z
aswel stpted 10 the bank fhni ~
be- could efert arrangement q
in the various creditors Of bis o.riui o.
D. trusts for The scaling Of ilIpir deLfa g
the sum Of $4,000 Or $4,000, he >.
'lld use the Ainpunt of money and IN
iiain favorable compromise Of thr q
Of said North Side Street ~
ailway company and F0rt Worth City ~
inpany, which he could hnndie Ia such H.
manner that he could pas ~ All The "
li'4biodness due by his ccsiui gue trusts. 70