The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-13

mittee, and the COMMITTEES had not and
would not be paid for their services,
rms satisfied Mr.. Cochran, and he
moved that the committee be continued.
with the understanding that their serv-
Ices be gratuitous
One Of the depositors said he would like
to ask Mr.. Hawthorne, of the committee,
II he was present. IL he was not an
attorney for Bank Examiner Pope.
Timothy Reardon answered this by say
Ing: i guess we can afford to have one
or ropes men on the committee"
Chairman Egan said Mr.. Hawthorne
was at present reviewing the militia at
Lakeview camp and was not present.
Mr.. Cochran said the depositors wanted
the bank kept sout Of the hands of a re-
ceiver. IT believe" he said, "the officers
are honest men. If the bank Is to go into
liquidation 1t could do better under the
management Of It's own officers. UNDER
stand that somelof the real estate men
appointed by Judge Brill will not work
for nothing. Judge Brill has said that he
Will not formally! appoint them until they
agree not to scharge for their services.
Some men can be found who will do the
work and mott charge for 1t. The COM
m1ttee from the depositors should take
this matter upgand If the bank was driven
to receiver 1t rested with Judge Brill
The court should be informed that the de-
work for reasonable compensation. The
committee should look after these mat
tiers and be on the alert"
The motion to have the committee ap-
pointed at the meeting Sunday continued
until further notice of the depositors was
carried.
]. Austin called attention to the fact
that but one of the committee was a de-
pos1tor, the other four members being
representatives of depositors. He sug-
gested that some of the largest depositors
be put on the committee.
John T. Duffy moved that the commit
tee of five be discharged and new COM
mittee of twelve depositors be appointed
Thomas Cochran opposed this and sug-
gested that the committee be enlarged by
adding others to it, but that the present
members be retained. Several of them
were officers of the court and were fully
advised as to the work in hand.
One of the depositors asked why the
committee had not made a report as to
the condition of the affairs of the bank
S. P. Childs said the committee did not
consider 1t proper to make such a report
as the depositors had not charged 1t with
that duty. The court had appointed a
committee to report on the assets under
oath within ten days, and any investiga-
ton the depositors' committee might
make would only be forestall1ng the re.
port OF the committee appointed by the
court. A statement from the depositors'
committee might influence public senti-
ment and especially while there was a
conflict between the officers of the bank
and public official who was in duty
bound to do his duty. He advised that
the depositors wait until after the report
had been made to the court
Mr. Duffy withdrew his motion to dis
charge the committee and 1t was agreed
added, making a committee of twelve in
all. Chairman Egan called for names and
ten were suggested. Some one mentioned
the name of Timothy Reardon, at which
Mr. Reardon said he was "a bigger Dor,
rover than a depositor."
S. P. Childs suggested that some men,
bers of the committee be appointed who
were familiar with the values of real es-
tate. The real estate dealers, Mr.. Childs
said, were anxious to keep up the price
of real estate to the highest point
AS ten names were suggested as add
tons to the committee and motion called
for only seven, it was decided to have
the committee enlarged to fifteen The
ten gentlemen selected were:
Charles Lauer, p. J. Mcdonald, James
A. Murphy, Renville Chinook, Thomas
Manning, A M. Wickwire, James Nc
Clure, Timothy Reardon, Thomas Coch-
ran and. James A. Novel;. .
I Mr.. 9Reardon again renewed his motion
that 1t was=the sense of the meeting that
vote of confidence in the officers of the
| bank be passed. e@e-.
A. ]. Van Soelen desired to first know
about the $4,000, which the bank ex--
an1iner had charged was borrowed by the
officers of the bank.
| w. R. Wood: would like to ask the
| gentlemen who aresinsisting on vote of
confidence to the officers of the bank If
they are willing to bond themselves to
make good the $500 which tAe bank ex-
amtner charges was borrowed by the Of
hcers. If they are, then I am in favor
of passing the vote of confidence"
Timothy Reardon 81 can prove that
! the bank examiner lied about some
things"
! A J. Van Soelen: eff you can prove it
| why don't you tell US about the charges
| OF the $45, oOO?'
Mr.. Stryker, chairman of the commit
| tee, said he hoped the motion would not
! prevail. He had no doubt about the hon
| esty of the officers of the bank, but the
motion was premature, and should not be
| passed until after the report of the COM
! mittee appointed by the court
| Mr.. Reardon withdrew his motion, as
| he expressed it, ''for the sake of peace
James A. NOVEL; wanted the committee
! from the depositors to have a meeting
| with the trustees and stockholders of the
! bank at an early date, and suggested that
| the depositors adjourn to June 49, the
night before the committee appointed by
! the court would submit its report.
This was amended so as to have the
meeting Of the depositors the night of
July 20 at the capitol. as Mr.. Cochran
suggested that the depositors could save
| S. by meeting at the hall of the senate or
house of representatives
Circulars were distributed at the hall
announcing that an investment company
| at Minneapolis, with offices In Temple
| court, was prepared to pay cash for
| claims or deposits against the bank The
! latest Minneapolis directory does not give
! the name of the company signed to the
| circular as doing business in that city.