New-York tribune., 1908-03-19
JACKSON FIGHTS ON.
10 PEACE FOR ORIENTAL.
rM Argue Noe for Permission to
4ppeaI Receiuership Case.

..o-ney General Jackson, not content with two
A-e decisions in the Oriental Bank receiver
facase applied 20 the Appellate Division Of the
||Hre Court yesterday for order to show
why he should not have leave to appeal to
oourt of Appeals from the order Of the Ap-
-. Division affirming prior order of Justice
|r,sn oe the Supreme Court, which ousted
~ eceirers appointed by Justice Platzek at the
-.,s. of the Attorney General. The order was
&c by the Appellate Division. and made re-
/ -rable to-ulorrow, when the interested parties
Ct sppear and argue the application
=. attorney General also tried to get an order
,,s retention OF the assets and books of the
ih-e-she Carnegie Trust Company and Henry
t.s;5er-but this motion was denied. Charles
-act3nson president of the Carnegie Trust Com
80 said last night that the receivers, on advice
.,unseL had informed the State Banking De-
--,ent that they would be prepared to turn over
1 sse.s and books Of the Oriental Bank at 10
,,k tits morning c. S. Leonard, the state
- examiner. who had charge of the Oriental
- before the temporary receivers were ap-
- has been designated by the department to
I,fise the assets
r expected that Attorney General jackson will
- 10 the Supreme Court to-day for an order re-
fsininc Clark Williams, the State Superintendent
Ranking from turning the assets ard books of
L. oriental over TO the banks directors or to the
f,+7onel,tan Trust Company Mir. Jackson con-
rs that the vacating of the receivership does
+ fhrov out his action for the dissolution of the
snk.
,ro-ney General Jackson feels that he has a
= --ound OF appeal the law that a corpora
= cannot cease TO exist OF its own will Here
II corporation.' said Mr. Jackson, which de-
IL 10 make an END Of its existence. Ir is not
l. nayer has been contended that the Oriental
E.nk ssnted TO do anything but wind UP its own
Ezars That is the purpose OF the agreement with
Il. Metropolitan Trust Company. Under the law
I--,naton cannot wind up its own affairs but
H. court can
4 meeting of the board of directors OF the
to-isutsl Bank held yesterday morning, and
L.. Contract with the Metropolitan Trust Com
rgnv which provides for the immediate payment
4. ti.s oepasito-s OF the Oriental, was approved
tie hosrd and al cnce signed by the banks
EHners Il has already been signed by the trust
Es-psuy officials AT the close OF the meeting
svrb Kslly president OF the Oriental Bank, said:
su ,uhilant over the situation, as are the other
ksefors Of the bank We going 10 begin TO
L. Tie depositors Of the Oriental just as soon
i sc can The contract goes into operation forth
n There three thousand accounts TO be
se over, but We Will proceed with all the speed
sihle"
I was reported yesterday that the District At
usy's Office would begin Tomorrow an invesi-
iron into the affairs of the Oriental Bank As
GAIT District Attorney kresel, il was said. who
u been in charge Of financial Investigations, viii
ss the whole subject up before the grand jury.
!. the time The receivers CT the Oriental made
aminsry report 10 the Attorney General, which
Us anything but complimentary 10 the former
Nzneement Of the bank, Assistant District Attor-
4 Kresei asked the Attorney General for copy
i :tst report. The preliminary report was sent,
Il after seeing IT. Mr. Kresel asked that a copy
he FIJI report Of the receivers be sent 10 him.