Chicago Daily Tribune Newspaper, September 2, 1877, Page 2

se dain THE CHICAGO TRIBUNE: SUNDAY, SEPTEMBER 9 3, 1877—SIXTEEN PAGES. te mony.with the ideas of the Committee, They. : a A BIG TALK. The State Savings Institu- tion Depositors in Council. Strangest Audience Which Ever Met in the Tabernacle. The Long John Tells What the Committee Has Been Able to Discover. Col. Taylor Makes His Report on the Weak and Shrunken Assets. The Crowd Want to Hang Mr, Spencer-—Advice by Mr. Wentworth. The Assignee Ready to Resign | at Once---Result of the Meeting. Bill Filed for the Appoint- ment of a Receiver ---No Action Taken. The Creditors’ Committee Con- tinue Their Examinations ---Spencer’s Con- version. The Run Has Died Out---Scenes at the Bank---Corre- spondence. THE MEETING. PRELIMINARIES. THE TABERNACLE, erstwhile concecrated to the ministry of Mr. Mvody, held last night a very different audience tu that which once upon a time assembled to hear the word of the Lord as furnished by Mr. M., and Ivrically translated by his co-laborers | of mu: fame. Before 7 o'clock several hun- dred people had congregated around the doors, and when these were thrown open the crowd pressed forward. The srrangements in regard to admittance were perfect, the production of a deposit-book being a sine qua non, and the crowd—cvery man and woman being there on business—fell into line and produced their pass- ports with cheerful alacrity. There was little joking over the admission, for all seemed to realize that the fate of their little fortunes hung in the balance, and all were ‘too sulicitous over the probable outcome of the mecting to.care to bandy jokes with one an other. Oceasiona!ly an ancient Irish dame. questioned as to her possession of a bank-book, would reply, * And sure "tis three of them that T have; bad scran to the whole kittle-full of thieves.” This declaration, followed by an alarm- ing inumation on the part of the old lady that if her word was doubted she would produce the documents, and -acvompanied by an equally alarming institution of search forthem in the hid- den recesses of certain garments with the name of which the ‘reporter, being a single man, is unacquainted, generally brought the doorkeeper totime. Some few minor troubles there were, occasioned by German. gentlemen wishing to pass with their friends on the ground that he who bore the book had not a sufficient acquaint- ance with the English language to enable him to yell ‘aye or ‘‘no” at. appropriate times, ‘but the doorkezper exercised a wise discretion, and where it seemed that the applicants were really entitled to admittance, though unpro- Vitied with credentials, be passed them in. By S$ o'clock THKEE-FOURTRS OF THE BODY OF THE HALL WAS FILLED, there was a sprinkling in the galleries, and a huwdred or two occupicd the platform. Pos- sibly one-tenti of the assemblage were women, vituperant, loud, even bloodthirsty in their declarations as to what they would do in case Spencer, that miserable, paltry, scandalous thict, should fall into their hands. Said one of these, pomting to the old-time motto, “He that. lieveth ou the Son heth everlasting life,” Beyorra, him as believed in Spencer didn’t t much anyhow." Every nationality repre- sented in cosmopolitan Chicago had its dele- gates in the hall, attentive anxious, de- termined to have ‘their rights, if such’ were obtainable. They were 'good-humured enough, applauding freely “every point made by the different speakers, and, above all,on business bent. As the evening wore along the crowd continued to increase, and there niust have been fully one-third of the depositors personally ou hand. The aisles were packed with an eager. interested crowd, and the gal- leries.tilled “up until at least 5,00) pople were hacked together as neat, the platform as they could reach. The favorite of the crowd was John Wentworth, and all through the crening every utterance of his met with the greatest ap- plause. Mr. Keeley was well received, Cou- sman Aldrich ever better so, but Col. Tay- rs statement of Tacts aid figures did not elicit yy erest amount of-enthustasm, and in good dness there was not much on the showing to console or ruise the spirits of the defrauded ones. JOHN WENTWORTH. A BUSINESS TAL A few minutes before $ o'clock the Hon. John Wentworth aruse on the platform and said: Lapirs asp GENTLEMEN: I consider this purely a business mecting,—a matter of dollars and cents to each and every one of you. Now, you have a Committee here which differs in pursuits. in politics, in religion, upon the green- back question, and upon almost everything ex- cept on the determination to get at the bottom of the outrage that brings us here. [Ap- plause.} I sometimes, as you all know, dabble in all,these other questions myself, but never at a funeral. [Applause.} As I have looked about our streets for the last few days and seen suffering fully equal to that which followed our tire,—seen the sufferings of People, too, that I met when I first came here lorty-one years ago, and the sufferii of their childzen and their grandchildren,—it has looked to me more like a funeral than anything else. Now, in the first place, fp order to call your attention to the importance of making this purely a business. meeting, you must understand Uiat, in winding up an insutution of’ this kmd, ¢ is always 2 vast amount of money to be } and you thst have been in institutions Kind heretofore, and we have had iliens periodically always when the Government ed from its specie standard,—vou that ven bere in those times know that when rng of this kind passes into bankruptcy IT ALL GOES TO PAY THE EXPENSES, a it you don’t finally get a dollar. [A That’s so."]_ There are Many bankers in this ci ‘hat have influence, have directories, have friends, have customers, snd they each and every one of them have some particular friend that they want to get st the head of this aiatr, so that they can have use of the deposits until the thing is tnal!y wound up; and, jude- ing the future by the past, they think it batt ae ae Jong time Before a will be. ound up. Hence, you_necd no! if all these different banks have theis emtearies around among you trying to create jealousy and distrust against the man who was endeavoring vl this | want it for the perquisites, and they have their friends all around town, and perhaps to-nignt spring an Assignee upon you,—nominated somebody in the crowd, and, before you know it, declared carried through. [Voices— “| Never! Never??? Applause.} Then these are hard times. An immense umber of men ure out of employment. Chica- go is full of good young clerks, and it is natural that they should want 2 man put in the position who will give them good places_ under him. And then there is another thing. ‘There is AN ELECTION COMING OFF TIS FALL, and politicians are at work, perhaps not so much for themselves as for those actuated by by jealousy of otuers: and, therefore, they shotila be distrusted. Suspicion and jealousy are itfloat all around in the community. There is no other way tl you stould view this subject than as a matter of dollars and cents and business. It has been suggested that 1 of our bankers come here ana sive their of the situation. Now, ifI know any- thing avont Chicago to-day, she don’t want to hear a word from any banker about the situa- tion. |Voiees—“ Not a word.” Cheers.] ‘The best place fora banker is behind his counter, paying his honest debts. {Cheers.] There is another thing,— YOU MUST NOT GET EXCITED. Keep cool. You have lost your money, as the thing now stands. The question is, What can be saved from the wreck! Itis very casy for a man to -zo out on the sidewalk or to come into this meeting, and spit on his hands and how] about damnation and what they will do, but chat will not bring a dollar or a cent. The Committee have worked hard. They have done the best they could to get at the botton of this thing, but they have not done it yet. So far as we have gone we want to make it plain to you in order that every person here may understand the whole thing. Therefore, let_us keep as quiet as possible, remembering that it is business and nothing clse. Now, to show you that the Committec have not had time to go through this thing as thor- oughly as they would like to have done, and to show you that cach day has turned up anew phase on this matter, I want to read to you ‘A DISPATCH TUAT MAS 3UST COME: Spencer left for Europe on the steamer Wis- cousin. [This announcement was greeted with shouts of “ Bring him vack,? Hang bin,” and for a minute or two there was great confusiun.] Mr. Wentworth continued : Junderstaud that be took the steamer the day that the assignment ‘was made, So, instead of going to New York to vet funds, he went there to Yn aw, Now listen to this: Spencer has a large deposit in the Farmers’ Joint Stock Bank of London. here fs where your moncy is. [Voices—* AN right * Wedon’t want it there, we want it here." Now, in view of the fact that the Committee may be called away from here to-night. to take proper steps, if it is in our power, to arrest this money, L ask you to keep quiet, and to allow noth ng to coine into tuis meeting but business. ‘heers.. ti Sonne gentlemen have objected because I was not a depositor. Thank God, T was vot. {Lavghter.] But aman cannot have the inter- cst in this city that Ihave, and see its peuple ruiued by schemes like’ this. without crying aloud and endeavoring tosparethem. [Cheers.. When your first mecting bappened here I was away.” But the first ery of distress came from my own corn-tield,—trom my farm laborers. ‘Taking the car that evening tor towu—they had read in the Journa? au account-of your pro- ceedings—a dozen or twenty rallied around me in the cars, and asked me to Iend my influence in this matter. And, to cap the whole, the conductor came along, with tears in his eyes almost, and ke said: “Thad saved $4,000 fi my hard earnings, and it wasallin that bani.” When I got to the Sherman House, where I stopped, a ery went up from the celar to the garret—unearl of that hotel had his means in this Upon going to my room [ found Mr. Leiter, of the tirm of Field & Le aud he said be had been appointed on this Committee, but could not possibly serve; and he asked we to take his plac Not jong after be left the Committee caine in and asked me to join-tbem. Ituld them I was not a depositor. They said, “Never mind, we will make you a member.” [A voice—“ You were the first man that was put on the Committee.” ] TI took hold in accordance with their request: ‘The question was, WHERE SHOULD WE BEGIN! Inasmuch as there was great excitement about, the Assignee, l thought the proper way was to see what there was left in the bank. And, asa man would he most likely to carry off the cash first, we commenced to count the cash, and we found alittle over $12,000. The next thing was to see if that corresponded with the bouks, and it i So the Assignee had done nothing wrong in this respect. [wanted to yet at the period of time between the close of the bank and the time that the Committee took poss ¥ ion. We then went through the assets, one by one, to see how far they would correspond with’ the books, aud we found that they had kept a pretty straight set of pouks,so far. That is to say, when he took $400,000 be gave _ his note ior it. (Hiss and — laughter. When he took something else he left a sort of memorandum. The Assignee, Cul. Tarlor, treated us with the highest respect and contidence. He offered to turn the whole bank over tous. He offered to do anything we re- quired him to dv, and to this hour he stands pledged not to expend one cent of the money of that bank unless a majority of your Com- mittee first aa ed be voi and applause. T want to s: siderable talking, tors at one meeti there cannot be two ora- x talking at the same time, ard if he has got anything to say, Iwant him to say it now, or want him to sit right down and dry up. . [Cheers and laugh- ter.] We ran over these assets as carefully a5 we could, und we thought, as a matter of curiosity. before we went any further, that we would make a private mark as to WHAT THD BANK WOULD PAY. The lowest man put down 20 per cent, and the highest 33}4. Althouzh I do not wish to betray contidence, I go so far as to say this, that I was the nan Who marked the 33!¢. LApplause-] We then went: over the assets specifically, estimating upon each item, and I found that IT was too high. We chalked again, and it stood from 20to 25. But since then things have materially changed. We marked the first time soing over as zoud all tie mort- xages about thus town. There were some per- sons Who had mortgaged their homeste: for $500, $1,000, $1,500, and so on to perhaps $5,000, and as we knew the property, and knew most of the men, we considered it was ‘safe to call them good. But since that time we have found this to be the and, to make it plain to you, 1 will illustrate: Suppose a man wants to build a house. He borrows $1,000, and_mortgages the land for it. That $1,000 is due the bank. The man_is a. poor laborer, and wheucyer he saves a $5 bill he gues and has that passed to his credit. When he eets a $10 bill, he does the same, and so on, all through the year. He. es sonicthing to his credit, to meet that mortzaze when it becomes due. Consequently, we find, that. these offsets, which Will be allowed, will materially reduce the assets, for the courts have held that a man’s credits will be allowed to offset his indevtedne: THEN THERE 18 ANOTHER ITEM. There are taxes, The puor people of this city are finding taxes too burdensome. A ¢reat many have not paid their taxes, and: the reason ig, bevause they could not do it. ‘The taxes are so high that a poor man can hardly live bere. ‘The bank has had to advance these taxes, and be- tore we can realize on these assets we ourselves have got to pay those which are due. As yet we have found no incumbrance upon the bans-building. We have been so much sur- Prised at almost hourly new developments of their rascality that we do not know yet. but what Speucer may have raised . some iz before he left. yet, the building and the lot are unincumbered, so far as our knowledge tenils. Had he had another month, I think he would have done it. {Laughter. A yolce—* Go to work and tear it down.” Now, it takes time to go through all these books. I am no account- ant. Most fortunately for you, you had a good man on the Committec,—Mr. Kecley, our tate County Treasurer, a man who held that office in wild-at times, who had a hard row to hoe, yet paid every cent, and that is what few of them have done since,—Mr. Keeley, who will address you before the meeting is ‘ever, and call your atiention to some things that escaped me, be- cause ] am not good at talking, about eat up all there is. That you may know what this bankruptcy A basiness. costs, I am told that it is customary to charge 50 gents for every notice sent out to a Geditor. You can judge if the Register in Bhnkruptey charges 13.000 depositars 50 cents ich every time he cails Fou together, by sendjng yon a notice through the Post-Office, how much will be left when the bank gets through bankruptcy. If you havea new Committee, they will have to go back and begin where we started. If you continue the present Committee, they can start from where they are to-night, and go ahead. You can bave a new Commiutce or you can add to the present one. <p, THERE 1§ ANOTHER DIFFICCLTY Which you don't appreciate. For our savings banks’ we have never had a Bank Ex. aminer. The State has never taken comnizance of these institutions, as most to bring this thing to its proper tribunal. Then, again, Assignecs want this place. They States have done. No public eye has eve gaz inside these books since the bauk’s establch: ment, What do you t! of that? No public eve, since its establishment, has ever looked at the thing. ~ A voice—That’s why we're so badly duped. Another voice—We won't be duped much longer. | Applause.} ‘ Mr. Wentworth—Now it’s worse yet. Not only has no public eye gazed inside thesc books. but, we can’t find’. anybody connected with the establishment that has. They are all the - worst set of know-nothi- ings I ever met in my life.* They have held pesitions of trust there. Their names have been swung out to the publicas the guardians of your funds, and yet they admit to us that th now nothing about it and never did. A voice—Hang *em, ‘Another—Oh, no; that’s too good for em. Mr. Wentworth—A proposition was made in our last. legislature to have a public examina- tion of all these institutions. but it failed. Jt will not in the next. {Applause.] A voicc—Who defeated it? Another—Jobn C. Haines. Te was there. Mr. Wentworth—Stick to business. Speak- ing ot bank failures, this is no bank failure. It don’t come under that head at atl. IT’S A BANK ROBLERY. ea! [loud apnlauee] of the worst’ kind that. ever dis: graced Chicago. and God inows we have su‘Ter- id enough heretofore in that way. And I don’t be judged by th taan had zone intu that bank in the night—and Td know but what Spencer did—to clean out-the,bank. [Applanse.} ‘e—Woutidu't trust any of em. Wentworth—Can all of you. understand this matte Iwill vali on other members of the Committee, although: they haven’t got as god Inng-power as I have, but who will tell you something. Now, I want. to suy to all of y friends in this meeting, who are constant- out with their” ebullitions of fee how it is with people. Some can nselyes and soine canuot, but you know yourselves that, when you go to camp-meeting, it ain't’ the man that makes the greatest noise and says “amen” and “ulory” the loudest, that is always the best Christian. ehter and applause.) So, i this mecting, nen that sit here quietly, listening vars, and.open eyes, aud closed mouths, are the men that will I about this bank before the meeting is over. [Applause.] Now, we have some long tables. They are pretty dry, but L will call upon Col. ‘Taylor to read them. con. TAYLOR. HIS STATEMENT OF THE ASSETS, As Col. Taylor came forward there was some applause. He said: “Ladies and gentlemen—I haye before you a list of all the assets that I have found in the bank. It is a recapitulation of them, and, as Col. Roberts bere has better lungs than | hare, I will ask him to read it to you.” Col. Roberts then read the statement of affairs, as follows: é casi ing, I. kno’ control thi Teller's cash. Sundry checks. Exchange on Boston. Due from other ban! New York, und Chicago .............-. S24, 442 BONDS AND STOCK. Name. Noofbonds, Amounts, City-of Cairo bonds 4 (31,0007 a 7 $7,000 Cleveland. 0., West Side’ Street ttail- road stock 1$100). 200 10,000 Con. HL 1° 1,500 100 15,400 15 7,500 Exposition 00) ie 19 1,000 Tasearawes Coal G+ Iron Co. ($1,320). 50 60,000 Calumet & Cinexgo Cana! & Dock Co.. 165 coupons of $15. 7,425, Calamet_& Chicago Canal & Dock Co-. 185 bonds 185,000 Calumet & Chicago : Canal & Dock Co.. 34 ahares of $100 3,400 Calumet & Chicag Canal & Dork Co, .3,469 share of $100 346,900 Ogden et al, “in the mands of G. W. Sunita for collection... .... + 16,000 Real pronerty bond, Rowen Bros... 2.) 325000 Apolio Commandery Knights Templar as S cullzteral, second. bon 1,000 *South Park bonds .. 120,000 Calumet & Chicago Canal & Dock Co 30, 000 *Fort Dodge Coal Company... 8,600 = $04: * Received telezram from American Exchange National Bank of New York stating that they hold them in trust under agreement of Spencer & Bayard. RECAPITULATION, Estimated Resources. Face value. ues Notes vecnred by real estate. Notee secured dy collaterals, Unsecured note: Bonds aud Cash and items. Bank building... 150) 000 Total.....se0 oe $890,000 Due depositors... $2, 983, Certificates of depositors. Bills payable ... ’ $3, 04 ‘ote—In the estimated value of resources, the South Park bonds, $120,009, and the Calumet & Chicazo Cunal & Dock C 000, in the American Exchange National ‘Bank of New York, are disregarded, A large amount of real estate, estimated to be worth $100, 000. bus been reported to mc, but it is not included in the above resources, for the rea- eon that I have not been able to find the deeds, Ayer Tartor, Assignee, As the different items were read out, the au- dience showed its appreciation by whistling, shouting, and murmurs of discontent and as- tonisbinent at the wonderful shrinkage in the asscts, ‘ul. Taylor: IN EXPLANATION OF THE “BOND AND STOCK” stotement,said thatthe Committee had assessed the value of those securities at only $100,000. He hada book in his hand and said that it con- tained an itemized list of the notes. Continu- in, Col. Taylor said: It would be a long and tedious job to,read it, and I presume you don’t care about hearing it: The reason [have fixed no value on the South Park bohds ($120,000), and the Calumet bonds 20,000), is simply this: I gota dispatch to- that they are’ in the American change National Bauk in New York. Tae Calumet bonds are held __ for k; as for the South Park bonds I don’t know what condition they are in. It is proba- ble that they are put up, and THE MONEY HAS BEEN DRAWN AND SPENT, consequently. did not fix avy value on them. A voice—Why don't you fix a value on them? The people are paying taxes on them, and we ought to Know 1 are worth, ti I read you this fact in rela- tion to the South Park bonds: I got trace of them early this morning; $120,000 of them are in the American Exchange Bank of New York. Itelegraphed them immediately, ing the condition that they were in. Here is a dispatch that I have fu reply; 1 will read it to you: We hotd the South ‘Park bonds in trust under an agreement between Robert Bayard and D.. D. Spencer. President. | Wa send copy of agreement oF tnail. Consequently I could not fix any value upon them. don't know whether they are the property of the bank, or whether’ they are the property of Robert Bayard until I get the azrce- ment. That is the reason that J fixed no value upon those bonds. AA voice—All right. Col. Taylor—If they are the property of the bank, you areso much better off wnen they gz ‘Wil! you tell us when they come? lor—It will be published in the news- Papers when it comes. IT ‘IS DUE TO MYSELF, ladies and gent?emen, that I should make some statement of how I came to be in the position I now occupy. On Inst Monday, 1 think it was, in the forenoon, Judge Beckwith sent word to me at my ollice, asking me to come and see him. J immediately went over and saw him. He told me the State Savings Bank was in trouble; that Mr. Spencer had gone, or was going, to’ New York to try ty raise some, mouey; and that the. other Trustees were also ‘trying to raiso some money in Chicago. But tliere’ was bility that they might fail to raise the money, and if they failed the bank would be compelled to close its doors. He asked me if, in that contingency, I would accept the position L now hold. A VOICE—“'WHO 15 BECKWITH?" Col. Taylor—sudge Beckwith, the lawyer, Another voice—We don't want him. Col. Taylor—He informed me at the time that Spencer had told him if the bank closed that there was a suflicient amount of assets to Day about 90 cents on the dollar, and he believed that the story Suencer toldhim was true. After talking the ‘matter over I consented to serve. Between 3 and 4 o'clock Tuesday afternoon he sent for me again. Iwent over there, and the Directors then delivered to.me the assiznment. T have not put eyes on D. D. Spencer inside of thirty days.” I haa not put eyes on the Direct- ors, any of them, until they delivered to me that assignment, within thirty d: delivered to me, and L took possi bank. A voice—We didn’t want you there. [Ap- plause and hisses. ] Col. Taylor—Every dollar in that bank of money, or notes, or segurities that was there when ‘the assignment’ was made is there now. [Applause.] Every dollar of it. As long as they “are in omy charge they will be there. ‘lhe unfortunate mistake that I have made js in taking the po- sition that { now hold, and. I am not xoing to continue with that unfortunate mistake. A voice—That’s right, i Col. ‘Faylor—As soon as any man can be agreed upon that has the confidence of the de- positors, and is known to be an honest man aud will protect you— Voices—Long John, Long John. Col. Taylor—It it is to-night, J WILL STEP OUT AND LET HIM IN. I am. ready to do anything,—to turn it over immédiately to any — honest man that has_ your confidence. Since L have been there T have attempted to follow up every pieve of property Icould see, for the purpose of sceing whether’ it could be made ayailable to you. I have also attempted to fol- Tow up every trace of D. D, -Spenzer, as well as ot tie other oflicers there, that I could find, and to.try to getthem within your grasp. [Ap- plause.J Lam still following all trails that I can find, and intend to follow them up. A voice—Bring them here and we. will swing them up. - Col. Taylor we can get them here I will aid you. If the oflivers of this bank, in making the assignment to me,ezpected that I would cover up any of their crooked acts, THEY MISTOOK THEIR MAN. T have attempted to follow all the ts that I could get track of; the mo- ment that I discovered anything that looked crooked, the reporters of the newspapers have had it. It sheuld be the common property of every man and woman, I do uot intend to hold the position of Assignee in that bank under any circumstances. I intend to defend it against any thief that tries to get in there and steal your money, but elect un honest man and 1 will step out. [Applause.] Voices—Keeley; Long John. Col. Taylor—If yon don’t fix upon a man to step into my shoes, I shall not qualify for the Cite am so determined to get out of it. When the twenty days expire that I shall have to filethe bonds, I shall surrender it into the custody of the Court, and they can appoint a Ree » if you have not aereed upon one. Voices—We will agree upon one to-night. Col. Taylor—You will do mea great favor if you can agree upon a. man in whom you have confidence to step into my shoes, I will turn it over to Long John to-night. [Applause] I will give him’ the keys and ‘the possession of everything to-night. [Renewed applause. } Voices—We want to give Long John the keys. Col. Taylor—He shall have them to-night. [Applause.] MR. WENTWORTIT AGAIN, A WORD FOR COL. TAYLOR. Mr. Wentworth again addressed the assem- Now, gentlemen, I told you, when the meeting first commenced, to keep cool. This is business. Keep as cool as you can. I want to say, in behalf of Col. Taylor and rnyself, that, from the day this Committee went over to the bank, we have had as much to say as Col. Tay- Jorhas. {Cheers.] And Long John has beenas much an Assignee as he; and so has Mr. Keeley. [Voices—Very good.] And so has Mr. Aldrich, your Congressman; and so has Mr. Bishop and the other members of the Com- mittee. Why, the iniquity was so appalling over there, all hands of us have been glad to nave the Committee come along and see what we could see. But, gentlemen, I want you to understand that to go over thuse books for a long scries of years will take time, and I am not prepared to say to you to-night whether there is anything there or not. But I will say you that Col. Tylor has nianifested ALL THE ENERGY, 4 that any man could possibly n was Willing to start ri nt, to wet the papers from the Secretary of State, to have this man Spencer arrested. {Cries ot ‘‘ Good,” * good,” and cheers. Voices —“Bringyhim back”; “Hang him.” ) | It fs not right to drown a man by public clamors in this way. It is wrong. : At this moment a man in the audience shouted out at the tuo of his voice, “Bring hiu back!? Evidently thiuking — that | Mr. Wentworth was referring to Mr. Spencer. Another, apparently of the same mina, added tu the phrase, ‘the —~——, we will scuttle There is more than one thief i ad sentiment was hissed, aud cries of “Or- “Order,” arose all over the house, and the greatest confusion prevailed. Mr. Went- worth quicted the erowd by man three or four inure drinks, and quiet.” Then he went on: THIS 13 HUSINESS, A SOLEMN BUSINESS, and there is non ‘ity tor a decent: man to come in here and iuterrupt us. (Crivs of “ Pat him out!? and cheers. | believe those making: the disturbance are mercenaries of this man te a row and bri the meeting up. [Cries of “Put hin ou * Put him out??? ut himout!?} One-half of the audience arose to their tet, many getting on their chairs and demanding ‘that the police svize the excited individual and pitcn him into the street. The man, however, subsided for the moment, but Mr. Wentworth éaused 2 renewal of the uproar by remarking, “1 have.lived * Give he wili pe too long in ‘this community not to know thet the only - purpose of a rough in attending a meeting 1s to break it up.” ‘he audience again shouted “Put hin out!” but, asit wasdiflicult to get at the man, he being wedged in among a hundred. others who blocked up one of the aisles, and as he didn’t open his mouth again, the depositors finally sat down aud listened to Mr. Wentworth, who had been vainly trying to attract their at- tention. When quiet reigned, he said: NOW, LET U3 GET BACK TO BUSINESS. I wish to call your attention to this fact, and it is strange one, that in ‘the assets of this kank we tind no Government bonds, no Cook County bonds, no eity bonds, nothing | around: among us that we know to have any value. The theory is that Spencer has taken ail the good bonds and has bouglit up tais poor, miserable trash for perhaps five cents on the dollar, and slipped out a good bond, and put oue of these iu its piace. We cannot account for their absence. We cannot see how a bauk could do business in this city, -as this has for years, and not have ~ any Goyern- ment bonds or any other bonds that have yalue, and are known to our fellow-citizens. You were very severe und yery abusive, to our friend Col. ‘Taylor, when ke told you that he didn’t_ know the value of those park bonds in New York. You have uppoiuted me to attend to your intere: L have lived here forty years among you. Iam uot going to let Col. Taylor or any other man have anything to do with the bank, if I know it. [Caeers.[ Then what is the use of a man jumping up in this meeting as if he bad all the brains there was, aud trying to interrupt Col. Taylor, and make. a fuss. here? [Apprause.] WHAT ARE THE FACTS ABOUT THOSE BONDS? As far as we know they were placed in New Yorkand money borrowed on them, and Spencer took that money also. ‘The man telegraphs to us that he has an agreement about those bonds, and you will tind when the writing gets here that Spencer has undoubtedly put. those bonds upas collateral and borrowed all he could get outhem. And that is the reason why we could not tell you what the bonds were worth. But my friend here (alluding to the man that made the remark)’ gets excited and says we have not brains enough to know about this thing. [Langhter.|" I suppose the bank did not feel authorized to go to the expense. We do not know how long the legal document is, They are pretty long, geueraily, ani migh have cost $20 to $30 to have had that agre ment, telezraphed to us. We haven't the money to stand it. The man didn’t want to stand it, and,” consequently, he “I sent it by mail”? When it gets here it won't take us five minutes to learn the value of those bonds. [The man who had interrupted before attempted at this moment to interrupt again, but several shouted out to him to keep quiet and he sub- sided.| That is the idea. gentlemen: Keep cool. {Loughter.] It is hard, f know, for vou tu keep cool. Our friend, Mr. Keeley, of the Commit- tee, who has looked over the books more minutely than anybody else, will now say a few words. MR. KEELEY. A FINANCIAL STATEMENT. Mr. Michael Keeley said that there were some items which he possibly could not explain, but he would do the best he could. He lad examined’ the books of the bank, and found Col. Taylor's estimate to be correct. There were a number of small mort- gages included in the assets, mostly made to depositors inthe bank. The last balance-sheet issued represented that there were $1,110,000 worth of mortgages, but all the Committee found was $525,000 worth. All, or nearly ali, of these were smail mortgages, too small for Mr. Spencer to comfortably hypothecate. The next item was that of “Notes secured by collat- crals.” That item is over a million of doll and, as far as the Committee can make out, is utterly Rortlers ean pence sstimiates vh: inal Ten as being possibly worth $35,000. Spencer left his own fatiividual note for $525,000, and by 2 stroke of the pen apaihilated half million dollars of indebted- ness, A voice—I move that Long John have anoth- er say so. : Mr. Keeley continued to, review the showing asimade. There was $12,000 in the bank and about as much in other banks, and this repre- sented another nominal million. The Calumet Canai & Dock Company bonds are supposed to be-worth 80 cents on the dollar. ‘Then there Is the bank building, vaults, and furniture, esti- meated By the Committee at from $100,000 to $150,000. This gives in all $675,000 of tangible and available assets, representing what appeared on the books as full $3,000,000. With this $700,000 they had to Bey, $3,000,000 of claims, There was no possibility, as it. appeared, to the Coin- mittee, that the stockholders would receive more than 25 cents on the dollar. ‘The yoice—Bnt can’t he be followed where he has gone to, and we get back our money? Mr. Keeley took another start. Another voice—'Tis the thicf we want. Long John called on the police to shut up the obnoxious clamorer for.justice, 2nd Mr. Keeley tried it once more. se AS TO THE COURSE TO BE PURSUED, to his mind it was premature for tlie meeting to aesignate any Kecciver unless their worthy Chairman thought proper to accept the position at the request of the meeting. Onc of the discomtited asked, “‘ What about the stockholders?” Mr. Keeley said the stock was all held by the officers of the bank, and these were beyond the reach of the depositors. , Cries of “They are, not,” Hang em,” “Damn the law,” “We want Spencer.” wet. up, and.an excited individuat on the platform” moved that all the cush on hand be deposited in 2 bank, and devoted to the purpuse of bringing Spencer back. Mr. Keeley said that 2 gentleman, bad offered him 2 resolution providing that every depositor should put up 50 cents-in order to bring back the defaulting officer. There was no oc- casion for such . outlay. A member of the Committee had promised the Committee that he would honor a sight draft for $10,009 to cover the expenses. [Hurrah!? “That's Long John.” “}1e's a gentleman, whoever he is.” ‘Mr. Keeley once more started, and declared that he thought it uuvadvisable to male any change ns to Assignec or Committee until they had ‘an_ opportunity to fully examine into the facts. He counseled patience and quietness, and suggested that no action be taken at this meeting. * MORAL REFLEOTIONS. A PUFF FOR THE REPORTERS. Mr. Wentworth—In a is like this, in se- Iecting acommittee you have to ttust some- thing to the good: sense and discretion of that Committee. We must have some secrets. It will uot do to proclaim everything upon the housetops. You may rest assured of this, that there is not in the whole civilized world acobort of such industrious and indefatigable reporters as we have in Chicago. [Applanse.] We tell to them in order that they muy tell to you everything that it is proper to make public. It is due to them to suy that they have great con- fidence in us, and when we have tuld them that there are some things we could not tell, they were perfectly satistied. It injures the feelings of the Committee; it don’t hurt mine; I don’t know as I ever had any. [Laughter.] I haven't wlien I have been after knavery of this kind. You never knew me, old citizens of Chicago. to undertake anything that I did not follow it up. [Applause.] Now, then, when 1 sayto you that Col. Taylor and c¥ery member of the Committee acts with me, I think You. ought to be’ satisfied with them all. [Applause] They are all men who cannot run away. There isnot a man on the Committee who does not expect to die and be buried in this town. All they have is here in Chicago, and they could not afford to do any- thing that is wrong, if they had the disposition. Now, there is one thing I want to explain to You. It scoms you don’t understand it; and that is the idea of A BANK SWALLOWING ITSELF. You have read of suakes which swallowed them- selves, but bere is a bank, so far as the great, mass of its stockholders are concerned, which has swallowed itself. Now, 1 willexplain it to you, so you will understand it. Supposing twelve of you should go’and buy a graveyard,—and this bank comes the nearest to it of anything I know: of,—and each of you twelve men go around running into debt all you can, and when you think that these debts of your in- dividual liability get to be troublesome, you ‘turn around and deed your stock to the grave- yard. corporation. Then no one of you owns any stock in that graveyard. But who owns the graveyard? Why, the graveyard owns itself. usnter.| Now, that is the condition of that ank to-day. It bus swallowed itself. They have deeded their stock back to the bank, and the bank owes itse!f. To their great credit there area few of the minor stockholders who have refused to do this thing, and they told me to- day that they held themselves responsible for the amount ‘of their stock, and deemed it their duty to pay it and would pay it. [Applause.] ‘There is another thing I want to tell you. It is about the EXPENSE OF WINDING UP THIS CONCERN. It seems to trouble a great many people outside who want to get hold of it. When we find ont what these assets are, and it will t: time, it is very easy for us to le: soine place for collection, and then we ean divide the proceeds among you as they are collected, maiting a dividend at one-time of 5 per cent, and then collect something more and make znother dividend. Now, for one man ona smail salary all that can be done. But we have cot got the assets yet. There i another thing: if you go into tills bankruptey business aud wind’ it up, your legal expenses will be very large. A voice—It’s little we care fur that; we want to know The irrepre: vresser of opinion here recorded showed himself to be an infernal nui- sance. He put his oar in a svore of times, and always at inopportune occasions. Loug John denounced him as an invention of the enemy, sent in there by Spencer to break up the show, and it required the heaviest eMfurts of star No. 973 to keep the escaped lunatic within the bounds of decency. Mr. Wentworth—If we go into bankruptcy our legal expen: will be. very great. Sev- cral depositors, good lawyers, “have told me to-day, and one of them was one of the small trustees in this matter, that they would ive their services without cost to prosecute all these mortgages, so that you need be at no ex- pense on that account. [Applause.] Now, as to bringing Mr. Spencer back, you don’t need to pay any 50 cents, HE WILL BE BROUGHT BACK HERE if the criminal laws and the treaties between the two countries can bring him back. [Ap- plause.} A voice—We want the Cashier and Assistant Cashier too. Mr. Wentworth—I wish those gentlemen would havea little more confidence in me and Tet me tulk. We have treaties between this and other countries, If Mr. Speacer—— An excited aepositor—Don’t call him Mr. Spencer; cali hin damned thie-— Mr. Wentworth—If Mr. Spencer is anywhere, m any country where we haye a treaty, it will be only necessary through our authorities at Washington tu send to the authorities of that country and have him brought back. This is a matter that requires some legal investigation as to the effect of our treaties, because -you must understand that when Mr. Spencer robbed wis bank virtually, he paid back a note, just as if it a busi transaction, discounted his own paver, and soldghe bonds’ he has taken. He seems to have put up something in place of ev- erythil he took. Then there will arise the question, What is his offense? If thac offense is covered by treaty stipulations we will have him, If it isnot, we cannot do so. All this thing requires time to deliberate, and you must be patient. Now I would like my fel- low-citizens to hear Mr. Aldrich. You have long knowu him as one of your leading grocery mer- chants. He was elected to Congress at the last election, He'will soon be at Washington, and he can communicate with the authorities there, so that we will have a friend on the spot, at court. [Applause.} age, MR. ALDRICH. THE WORK DONE. ‘The Hon. William Aldrich then stepped for- ward and said: Iwill not occupy your time but a moment. Tam avery poor speaker. Iam a tolerable fair worker. Iam ready to serve you the very best I can in any capacity. [Applause.] I have worked with your respected Chairman here, and the other members of the Committee cvery hour in the day we could possibly spare irom our business, and we propose to do so just solong as you want usto. 1 think the whole matter has been explained at euch length that you well understand al that can be understood at this time. Perhaps in a week or more we may be able to arrive at-something more definite and satis- factory. There has been nothing but discour- agement from the beginning. I thought when I first looked the thing through that there was nothing but the bare shelves; but there is something more than that, and I believe it is the determination of this Committee, as far as it is in their power, to get every cent that it is possible to get out of tne bank without expense to anybody. [Applause.] Avexcited pos in the body of the hall “—I understand that Svencér has done what will make him criminally liavle under. the Jaw. What I want to propose is this: As-.he has taken passage to Europe, and we know the ves- sel in which he sailed, I would have the voice of this meeting, and if the honorable Commit- tee recommend that the authorities in Liverpool be telegraphed to to-night to ARREST AIM WHEN HB LAND! If we don’t capture him then, he may fly all over the continent, and then it may cost us thousands of dollars to apprehend that scoundrel. [Great applause. Mr. Aldrich—The gentleman can rest assured that 2 telegram will reach Europe before it Is possible tor the ship to get there upon which be sailed. [Cheers.] There is, no mistake about it, and I want to tell you that any member of the Committee stands ready to $0 to Washing- ton, or to any point where anything possible cat be done to get possession of these criminals. neers. : ! Mr. Wentworth--To show how unnecessary it was for that gentleman to. make this propusi tion, and to show why.we ought to keep quict— doesn’t he think that we have had sense cnouch to have already done that? He ought to take v in granted that this Committee knows some- sthing. ps Afere ensued another diversion. AN OLD LADY, who had come in late by the side entrance, and forced her way through the crowd in the aisles until she had reached a pretty guod place fur hearing, brandished an umbrella and attempted to call the attention of the President to some- thing which burdened her mind. Her voice was too feeble to reach the platform, but her re- marks must have been of amamusing character, since all around her laughed aloud. This con- tinued for two or three minutes, the boister- ousness attracting the attention of people all over the house, and, as before, many jumped up on the chairs to see what occasionéd it. Mr. Wentworth was glad fo hear a female yoice, but was unfortunately compelied to call the lady to order. MI. ALEXANDER BISHOP, of the firm of Bishop & Barnes, said that he had $5,000 in that bank} He believed that the Committee if left alone would do the best for very depositor. Mr. Wentworth said tle mecting appeared impatient. They could-not be morc so than the Committee, wh had business elsewhere. As soon as the work of the mecting. was finished any politician desiring to make a speech could take ‘hold, aud if there wasa Ban President who wanted to say anything, that would be his chance. THE COMMITTEE RECOMMENDED that Col. Taylor neither give up his oflice nor accept. it. Neither should he quality,’ but should hoid himeeif subject to the orders of he Committee, who would report next Sattir- day night. Inthe meantime he should pay out ho money except on order of the Committee, and only then for the payment of- necessa- ry expenses. As mavy of them as approved of this would r Every man and woman in the room climbed to their fect, and a hearty “aye” went up to the roof, which seemed to promise destruction to the rafters, ‘The “noes” were called pro forma, but there was not a solitary response. The Chair then declared the geting ud- journed, and in five minutes the vast hall was lett to the cockroaches aud the janitor. THE COMMITTEE. At the adjournment of the meeting, the’Com- mittee appointed by the depositors called a meeting in one of the ante-rooins of the build- ing. aud the members were prepared to discuss and act upon the intelligence which was expect- ed to arrive from New York regarding the sale of assets and paper belonging to the bank, con- cerning which a reauest tor intormation had been dispatched. This informatiun, however, did not arrive, and it was decided by the Com- mittee to adjourn until the opening of the banks at 10 ‘o'clock to-morrow morning, at which time another meeting will be called. In the meantime, Long Joun Wentwortn was iu- structed, should any dispatch arrive in this city trom New York at alate hour Saturday night, to use his own discretion and act accordingly, in the way of starting an injunction or any other form of legal procesz,; in the premises. AFTER THE BOYS. The exertions being made by Superintendent Hickey and his police to catch some meinber of the trio missing from the Stute Savings Institu- tion since its failure, cau hardly fail. Guild, the Cashier, is thought to be secreted close at hand, and it is also thought that he is perhaps as vir a dupe as the rest of them, and was blindfolded by Spencer. Of Buikley, it was thought that he was a partuer in his relative’s crime, and that his conscience has bade him put many a mile between himself and Chicago. Next to Spencer, the police would like tocatch Bulkley. There is no possible doubt of the President’s whereabouts, 2s-he has been seen vp an ocean steimer. A rumor flew likewilufire last evening that Spencer under arrest iu this city, aud was merely secreted until the storm aud danger of violence had blown over. zis ‘unqualifiedly false. Spencer was seen departing for New York, but it was thought be had zune merely to borrow money. Supt. Hil as had copies of a steel-plate likeness of Spencer’ struck off, and intends attering them freely in Europe. The likeness is remarkable for a Steel-plate, and boldly por- trays Spencer's large mouth, square face, and dark, glowing cyes. Any one could identify him from the picture. IN GENERAL. A BILL FOR A RECEIVER. THE MATTBR INDEFINITELY POSTPONED. At Lo'clock yesterday, Mr. E. B. Sherman, ‘on bebalf of a number of creditors of the State Savings Institution, appeared before Judge Williams for tae purpose of making application for the appuintment of a Receiver. Asso- ciated with him as ‘cout were dames L.- High and C. C. Bon@y. Notice of the iuterded application had been served upon Col. Taylor, and at his request, and also that of the Committee representing the deposit- ors, Sidney Smith, Esq., came into represent im and them. ¥ Mr. Sherman said: ‘ If the Court please, [ desire to present to the Court a bill, on behalf of M. C. Eames and twenty or thirty others, which I will read. Mr. Smith—It seems to me it is not necessary toread the billat the present time. I undei stand that there is to be a meeting of the de- positors this evening, and Lam advised by the Committee who represent them, and was re- quested to state to your Honor, that they think the interests of the creditors would be subserved by a postponement of this application. There is no clashing between the Committce and Mr. Taylor. The creditors are to take into consid- eration the state ot affairs, and come to some determination. What it may be, we.do not know. Iam authorized to say that Mr. Taylor does uot wish to stand inthe way of the lest interests of the creditors of this institution, and he and this Commuttee are exceedingiy de- sirous that there should be no clashing of in- terests between the parties who stand in the somewhat unfortunate position of creditors. Mr. Sherman—I do not desire to occupy any more time than is necessary in this matter, and if it dues not appear advisable to hear the pur- port of the bill, Iam wilhug to submit to.what the Court thinks best in the premises. Iwas about to read the bill. idney Smith—Unless some action is to be taken, it is not necessary to read the bill. Judge Williams—I think that is so. Mr. Smith—We cannot tix the day now, be- cause we do not know what will be the drift of events. I understood Mr. Wentworth to put fe question to the Committee to ask the Court POSTPONE THIS MATTER INDEFINITELY. It may be that after this meeting there will be no need of this action. 7 Judge Williams—When I was asked last night to hear this motion, the counsel caid that it would probably be postponed to suit the con- venience of the counsel on the other side. [do not know but we inizht adjourn it to a deflate tine; itnot, Tam disposed to accede to the re- quest of the gentleman, and’ you can bring up the matter on ‘notice to Mr. Sinith. There is only one question: this ‘er and for a restraining or- Ger. If the counsel will say that nothing im- portant will be done in the meantime, it will be satisfactory to me, and I doubt uot to the other counsel for, compliinants, : Mr. Snith—It may be very injudicions to the hands of Mr. Taylor, in aaa oe besanes he and the Conimittee are investivating the’ Rosters gud the: more the: p tivestiente the more ey ascertain. This cor not even i the Court restrained them. edone it Judge Williams—I don’t think there ought to be any STAYING ORDER. 1 dov’t think Mr. Taylor will do anything wrong, and I certainly think it would be undesirable £2 make any restraining order. Perhaps it will not be necessary to bring it up again at all; it ma: be arranged without this motion being pressed. iam disposed to grant the request to continue the motion, not for any definite time, but sothat it on Se up on pablee. Mr. Sherman—I do not desire anything :d which will embarrass the ‘administration of that estate, or binder things that are necessary to be donc immediately. “2 Mr. Sinith—The matters are going on in bar- ‘reaction has come, and people are now unanimonsly asked me to make this request. ‘Mr. Bonney—The present Committ ly represent 2 small part of the dep the Court shouid be prepared to take promptly any action that might be necessary, and the postponement should not be — indetinite, but ‘until Monday ‘or Tuesday, so that We should not be compelled: to serve fresh notice. They are to act to-night, and wo can come in Monday or Tuesday prepared to press the matter if necessary. We ask the mo- tion be deferred until! Monday or Tuesday. Mr. High—Taat is my wea. It would be much better to have some deiinite time. ‘Mr. Smith—The effect of fixing some definite time would involve the necessity of the parties - and counsel coming here again. It is now ut- terly impossible to determine what would be a suitable time, and it is very easy to cail this thing up again if it ia nec y hereafter. Judge Wiliams—! should be inclinea to grant. the request of the counsel for the Com: They are most nearly vested with auth act for the parties interested. It is very e: any time to notify the counsel for the Conuit. tee if it is wished to bring the matter up again. -T shall be in Court any day to take ft up. leaves it practically in the hands of the attor- neys‘ior the complainants. I will adjourn it indeanitely. ‘THE BILL was, however, filed in the Circuit Court, so as to give the Judge jurisdiction, 3 Mr.. Bonney remarked, of tke subject matter. Tbe complaiuants are M. C. Eaines, 8. R. Radcliffe, Robert A. and Samuel H. Sinich, C. P. Eames, Maison Taylor, D. W. Nelson, Joun Conway, Aibert Beach, F. A. Seavert, W. H. Cornish, M. S. Wilcox, Thomas Curroll, B. F. Jordan, Thumas E. Sullivan, F. A. Lanz, Fannie Minden. and George 5. Bonnell, all de positors in the bank, who file the bill for them- selves. and forall others interested who may come in, and the detendants the State Savins Institution, D, D. Spencer, D. S. Smith. W. 11, Turner, Daniel Goodwin, Jr., A. D. Guild, C. G. Bulkicy. and J. Q. Adams, Trustees of the bunk, and r, “ claiminz,to be the As there The complainani 7 organization of the Compa 3 the oflicers of the bank were ulso trustees of the depusitors, bound to exercise due dilizence. The defendavts above-named constituted the last Board of Trustees, and of them Spencer was President of the bank, Smith Vice-Presi- it was a trustee for the de deposits, and that and Trustees dent, Guild Cashier, Bulkley stant C; ier, and Turner, Goodwin, Bulkley, and Guild, members of the Executive Committee. The bank made its assigninent At beiore this, mauy of the sto: ferred their stock to the baok. This assign- ment, it is claimed, is void, as having been made without autiority, for the Trustees and ollicers had no authority under the aw to sur- render, ghandon, or transfer their trust with- out thé consent of all persons interested in the executiva of the same, or on the order of a competent Court. At the time Spencer absconded it 1s stated he owed the bank $479,107.40 with interest. The complainants think trustees ought to be held to azcount for all the assets so wasted and misapplied, they having been guiltyfof gross mismanazement, having suffered the assets to be wasted and savandered roan unknown exteat, and having abandoned their trus ME. TAYLOR, it is further stated 1s preparing an inventory of the property of the bank, but he has not as you filed it, nor has he given uny bond for the due performance of his duties, so that the deposit- ors are wholly hout protection. Lfis control of the assets at dll is wronzful, and ccentrary to law, because the assignment to him was void. Complainants also sier of their stocit by the stockholders so short a time before the faizire of the bank, and wit knowledge that it was insolvent, was’ fraudu- lent, aud should be set aside, and they still held responsible. Complainants therefore sume fit person may at once be appointed Ke- ceiver to wind up the affairs of the institution; that Mr. Taylor and the bank Trustees may be enjoiued from interfering with its affairs; aud. that the Trustees may be required to account for all the assets committed to their charge. AT THE BANK. DIMINISHED EXCITEMENT. The excitement which has been steadily dwindling down for three days in front ot the State Savings Institution ched . an almost, dead caim yesterday... A smaller crowd, and a less noisy, angry. and vindictive one, succeeded the rashand ed throngs which have daily congregated in front of the broken ba: surveying their losses, hoping for the best. and yet hoping almost against hope. Most of tie depositors, have reulized the ineffable folly of standing around from morning till night, seeing nothing but closed. doors, curtained windows, and little knots of their fellow-sufferers equally unable to solve the great problem: “ How rauch are we to get out of the smash-up?” The feeling in the average depositor’s mind, when be zot up. Yesterday morning was: “ Well, what’s the use of my going down Ip that cursed bank and loaf- ing around all day? The creditors will mect to- itht and then I'll know the worst. It can’t be very encouraging, any way.”? And, follow- ing out this eminently scnsible thought, the intelligent depositor went about his business, while his place in front of the bank was occupied, by those over whom the place seems tu have a strange fascination which draws them thither. THE ASSIGNEE. A depositor detained Col. Taylor_on the side- walk in front of the bank and said that be de~* manded an interview. “All right,” said Mr. Taylor. Depositor—I want to know when you first knew of this thing? Taylor—I did not know till Monday after- noon. Depositor—Then you did know that the bank * Was going to fail and did not tell any of ust Did you know that Spencer had left! lor replied that he had been informed that Spencer had gone to New York to raise mouey to tide the bank over its troubles. Degesitor—Then von are a5 guilty as the rest : of them. You knew that Spencer had gone and that the bank was going up, and you held your tengue. : ‘faylor—I did not_ know that on, Monday the bank would fail. {was simply informed that Spencer had gone to New York to borrow money, and that if he did not succeed an assign- ment would have to be made. or—Don’t you hold stock? Tavlor—Not a cent’s worth; never did: never had but one transaction with the bank, and that Was when I borrowed $5,000. Idid not knuw What kind of 2 man Spencer was. I never spoko' to him but half a dozen times. Depositor—ts that meeting at the Tabernacle to be all cut and dried? Taylor—I have not Been arranzing anything for it, I know that T intend to get out of this thing as soon as I can, and Fou can appoint whora you like to run it. Wit this Mr. Taylor salted away. INSIDE TUE BANK the Assignee and his assistants were still en- gaged in the straighteniny-up process. The As- signee was juterrupted in his work of counting the contents of those little canvas bays sup- posed to hold, all’ told, $600 in pennies and nickels, and this work bad to be suspended for” the time being. There is no doubt, however, that the money was correctly counted by the bank officers, for it would -hardiy have been like them to count the larger amounts correctly and make mistakes it this peuny and nickel lot. That complete statement was not ready either; and the clerks continued to peg away at it inthe hope -of finishing it by afteravon, 80 that the creditors’ Comniittee would ‘have something to report to the mecting in the evening. Assistant Superintendent of Po- lice Joe Dixon dropped in about 10 o'clock to sec Col. Taylor, and when ne left the building a few moments later he had a photograph of D. D.Speucer and a graphic description of the ersons of Bulkley and Guild stowed away in is pocket, The significance of this move is, of course, apparent. CREDITORS’ COMMITTEE. CONFERENCE WITH THE ASSIGNEE. . The creditors’ Committee met with Col. Tay- lor shortly aiter 10 o'clock. Some of the more sensible and more puli¢-spirited members were in favor of allowing the reporters to be present, inasmuch as this was supposed to be a meeting in which the public was deeply interested, and the proceedings of which it had a right to know. But Long John insisted ona Private mecting, and his wish to make it exclusive prevailed. AS there is more than one way to catch acat, so” thereis more than one Way to get news. Pur- suing this other way,—the pump-handle method, —Tue TRipvse reporter was able to eta pretty fair idea of the Committee’s work. NO NEW STATEMENT WAS SUBMITTED to them at this time, and they devoted an hour and a half to a general, rambling talk about the management of the institution, w! they characterized as simply rotten. Col. . Taylor said ‘he had discovered nothing new since the meeting Friday morning, but reiterated a statement he has made on several previous occasions to the effect that le was liable to tarn up something orother at any moment. Somebody suggests F at : i