The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-01
OBJECT TO BYERS
CREDITORS OF THE Scandal BANK
INDIGNANT AT THE COURTS
ACTION.
ROAST ON THE RECEIVER.
REASONS SET FORTH WHY APP
,POINTMENT OF A NEW MAN
IS SOUGHT.
ROAST ON THE RECEIVER.
WASHINGTON MAY REoRGANIzE.
It's Affairs Said to Be In Most Favor
able Condition-MinneapO
Matters.

"Byers as receiver won't do" was the
unanimous expression of the depOSitors
of the defunct Scandal bank, registered
in no uncertain way a a mass meet
ing of the banks creditors, held at 1905
Franklin avenue south, last night. The
meeting had been called TO take steps
looking to the removal of the receiver
and at o'clock not less than 900 men
and women, for there were a few
women on deck, were present. The
large hall was packed to suffocation,
not even the secretary having room to
sit down, and the crowd which stood
on the sidewalk and in the street re-
sembled very much a run upon the
bank the day it closed its doors.
William K. Hicks was chosen chair
man Of the meeting, and Lewis Gjert-
sen secretary. The objects Of the meet
Ing were stated by the chair, after
which a series of resolutions were read
by the secretary, as follows:
To the District Court of Hennepin County,
in the mater of the Receivershtp of Scandal
Bank Of Minneapolis:
We, the undersigned creditors Of the above
named bank, do hereby petition the court to
appoint as receiver Of said bank person in
whom the creditors have confidence, and that
the person now appointed by the court may
be removed: that we have no confidence in
him. and that his financial record is such
that We do not hesitate to say that it is IN
reasonable 10 appoint a man for such posi-
ton against whom judgments of Thousands of
dollars are entered of record unsatisfed. and
who is debtor to said bank in the sum of
$2,0OO on a note which is past due since 1893
and is protested for nonpayment.
O. NOW, therefore, We the undersigned cred
ltors CT said bank, in mass meeting assem-
Dled. do hereby resolve that 8 committee be
appointed, consisting of seven persons, to in
sHtute proceedings for the removal of said
receiver, John F. Beyers, and that a person
IN whom we have confidence be appointed in
his stead. That owing to the fact that a
large majority OF the creditors of said bank
are OF Scandinavian birth, we insist that a.
SCANDINAVIAN be appointed as such receiver
Dated Dec. 81, 1896.
The resolution was satisfactory, with
the exception Of the last clause, to the
ERECT that the person to be appointed
should be of Scandinavian birth. This
was unanimously stricken from the
resolution
The appointment Of the committee
provided for to institute proceedings
to remove the present appointee OF the
court was then taken up On motion
the chairman was authorized to ap-
point the committee, his nominees to
be voted upon by the meeting. There
was considerable difference of opinion
as TO whether or not attorneys should
De eligible as mem berS IF this commit
tee but it was decided that knowi-
edge Of law need not bar any one The
committee selected inclu LED Julius A.
NeWgard, w. H. Hicks, Jacob Stoft.
ROBERT Christensen, Lewis Cjertsen, D,
Eagstrom and G. Birl1hoffer, who were
! gwen power to suggest to the court a
man for receiver, who would be accert-
able to the depos;tors, in case Mr..
byers is removed.
Several names were mentioned for
the place Of receiver, among whom
were ID. c. Bell, Jacob Stoft. Hans
S1monsen, Ernest Kempe, Judge Uh-
! land and others. D. C. Bell would seem
to be the favorite. AS to the choice OF
the seven men who have the suggest
Ing power, none were willing to express
a decided preference, and thought it
would be time enough to consider that
question after the court should have re-
moved the present incumbent.
The meeting was for the most part
harmonious, and considering the I'M
favorable condition of the hall, was
extremely orderly. There was not a
voice raised in defense of Mr.. Byers,
and all were in favor of trying to infiu-
| ence the court to remove him. The
principal objection seemed to be that
he was debtor of the bank
Following the meeting, the depositors
signed the resolution, stating the
amounts of their claims. The amounts
varied from $40 to s., 300 1t was esti-
mated that the meeting represented 70
| to 80 per cent of the entire liabilities of
the bank, which sum up nearly $780,
600