New-York tribune., 1908-03-03
DEPOSITORS AROUSED.
STIRRED. By JACKSON.
OrienfaPs Clients DenOunce Re
ceiUership-Injunction Guards Cash

Between three hundred and four hundred depos-
itors OF the Oriental Bank crowded into the rooms
Of Board OF Trade and Transportation. at Nc.
1e Broadway. yesterday, to start movement 10
take the affairs Of the bank out of the hands of
receivers and carry through its original plan Of
liquidation.
'Cirafters! grafters: grsfterst" reared the crowd
OF deposiJors the mention Of the Attorney Gen
eral or the receivers. Fiery indeed was the de-
nunciation OF MIR. Jackson and his action In ap-
pointing receivers and Louis Asche. depositor in
the bank last ffty-one years, said he would
like know what might have actuated the At
eorney General in the action he took
The meeting, representing over S.5cco of de-
posts passed a resolution providing for the or
eanization OF general movement TO take the
Oriental Bank OF the hands OF its receivers,
preventing that depletion OF funds which would
result from its liquidation by receivers
The following committee appointed to carry
out the intent resolution: J. O Greene. rep
resentiux the Peter Ccper interests: Sartorius.
OF No 15s Water St: Arthur Fowler. OF Rogers.
Brown & Co.; J. Berry King. vice-president OF the
Broadway Savings Bank; Henry e. IwomolN' MAJ :
Gus Stein Eugene Bissell Charles A. Schieren and
NJ 7 Drummond. who presided a. the meeting
Argument the motion 20 vacate the order ai'-
pointing temporary receivers for the Oriental was
postponed until Thursday. The case was to nave
come UP to-day, but the Attorney General viii oe
busy elsewhere
Eugene A. Philbin Of counsel for the oriental.
appeared before Justice Platzek yesterday ana got
q temporary Injunction restraining the receivers
sor the Oriental Bank from taking possession "i
the cash assets OF the institution now in the Gus
sody Of the Superintendent Of Banks. The bank
has on hand in cash approximately $4,000 If the
court refuses yacate the receVership ordef couh-
sci for the hank Will take the case the Appellate
Division They are determined to take every pos
sibe legal step to have the order vacated. and thus
carry through the agreement with the Metropolitan
Trust Company.
Although the impeachment Of Attorney General
jackson may be asked and his removal demanded.
there seems little likelihood of Governor Hughes
acting in the matter. lawyers said yesterday
Counsel for Tie Oriental themselves say that the
Attorney General acted entirely within his legal
rights in asking for the appointment OF receivers.
They crfticise the legality hut the wisdom OF
this action. Il was also pointed out that Justice
Platzek. under the Law. obliged to appoint re-
ceivers upon the application of the Attorney Gen
eral
Stanwcod MenIlen Of counsel for the Oriental.
said in reply the Attorney Generals statement
that The Oriental in rotten condition: A
thorough examination Of The condition of the bank
made by the State Banking Department showed
that the capital Of the institution was intact, and
that further. after throwing everything that
questionable. the banks surplus amounted to
s4s3 SIS. The examiners considered only the very
best OF the banks collateral throwing out some
that could he considered marketable. This eHami-
nation by the State Banking Department. which
SHOWS us cthdlton 10 pe good coIh-ieteiA answers
the charges made hy the Attorney General
When tie deposiIors' meeting was called yester-
day many unable 10 get in. Nj Drunmond
IN his int-odUctor, remarks said that Hugh Kelly.
the president Of The Oriental had the fullest conf
oenCe Of its deposjCrs.'
II is Up 10 rs. he exclaimed. TO act so to
show in uncertain way confidence and faith
IL the president and directors and to let the public
know how stand
Ir. Kelly said the bank must prevent If il could
receivers liquidating It's assets and carry out the
plan by which the Metropolitan Trust CoInpany
would pay al depositors Immediately full. and
tha- his pan had the approval Of Superintendent
Williams.