New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-22
ALE OF BANK In DOUBT
,-.t;onql Bank of North America
stockholders Delay fiction.

--s-s, meeting OF the stockholders Of the
Z TX Of North America called by L O
ST. -,,:-oller of The Currency. which was held
AS@s.- ,eft matters rather Up in the air as re-
Re hanks future Thirteen thousand shares
% zee represented at the meeting. and Of
& So 80 we're voted for John " McFIf1non
s-s - v.ce-president Of the Assets Realization
Z - IS shareholders agent 70 liQuidats the
Co1f ~ ,ockhol6e-s representing the remaining
Ma 49, shares Of stock declined TO vote on
80 thzt they wanted more tine 70 consider
tas es5sli1y Of resumption or the formation OF
ssw bsnk --,s,,-s,v .tockbo,.s-. ,,,-.,.- .,-..
. rbst they could DO Fl the way Of rehabilita-
e ~ adjournment was taken FOR four weeks
N'- - mean tine the selection OF Ny. NcKfn-
SD = a at p made final Z It IS finally decided
noa .zs-s he bank. howeve-. he viii be appointed
Z -.~~-,sA-s' AGENT. a1d after qualifying by fling
S.. - s7aa9 the assets OF the institution win
- 7ver 70 him by Charles A Hanna, re-
selrsr- .-.-s,-- -.
- - ro-s-he- and adopted the following resoIu-
I'D: ..-,-,--,s. ,
- C5usls,lng 4 Joseph II. King. OF Hart
p -is,-- 4 " Damon. Of Springfield Mass
sEs 70 IS rceE-1els nat the committee be
e 80 - confer with the COMMITTEES 70 he an
tl99-ss bx Tie board q directors. With view to
Toa--so - az business by The Ea-l- 80
tas-ss111 al s new hank. That the committee be
70
e..eine such stsEs as may Be proper 70 safeguard
IeSs u the stockholders n the !fo,,i6stior
- .ss ssssIs w5ch power % bind the minority
s-aokhoioe7s
- sso-rs 70 retat5lltate The hank are being car
nx Colonel Robert II. Thompson. William
: r,vszsver John ". Gates. John H FIagIer
- ? Bootz. Charles II Schwab end others OF
= IA stockholders. They say they viii have
-, 7ecrnizry support should their plans 10 re-
s-Tf,s-s the hank be decided On
- re minority stockholders meeting. Arthur
.s-ss-s. ot Hartford Conn. presided Henry ".
.,,s-;sh stated thst q behalf q the minority
-kbolss-s Il was pu-posed 70 give the di-
- and stockholders OF the bank an oppor-
- 70 reo-ga1Lze or 70 form q new bank He
60 +u-ths- tLst n either event Charles W Morse
rid have 10 connection whatever with the new
= -soreanizs5 hank. either as stockholder or d.
-ss.n-. and that M Morse had sssented 20 this
proposition
NJ Goodrich sad that there was 3 disposition
r re Part q many Of the directors as well as
.ss stockholders 70 bring about reorganization OF
re hank
--se desire 70 r--c the bank on its feet again
& v-oz-ptsd" be SD. by 3 desire OF many who
zy-e connected with TIE Institution 10 remove the
str which naturally resulted by the closing Of the
sslrs q the hank
E1eele P Cz-v1-. attorney Cor NJ Morse, and
as 7epress1tllg tLs Assets Realization COMPANY
ss,a st5er the meeting Of The stockholders that It
vas re hope Ct TIE Assets Realization Company
tat rso-Ezzizzt.ol CT the hank could be effected
lad ths company would il 10 way interfere with
81 ssca plan
NJ Carver added, however. that tie corpanv
sDLld ut advocate such Z plan. because he be-
asved that = 2 -eo-gzriza1;on was 70 be brought
Esozt TIE shares q stock OF the bank now held by
e Assets realization Company would be taken
STs- By those who desired q reorganization.