Chicago Daily Tribune Newspaper, September 25, 1877, Page 2

e e 2 ‘ haps s ‘ot K Of thore self, Mr. Dexter remark was the was all-important be a good ' but that the Court would act fairly, but the wlinice of a Recelver was apt to be misinges ed hy the depositors. exrept as 2 matter of justice. and agrecing with the do that as anyhody, expense of the bank. weceks before. rtautancously. Junction to sto) of the bank. maney he ors onght Wiy o1 an, mencwere voiwe In the happy to meet his professional brethren npon f n postpone- 3 o'clock, he thought per- thing might be done. ra axked for time tc suggest ngmes. aleeady sugested that of Mr, Kelth waa in his opinfon thoe best, but he wonld like to have romethinz to ray about this matter him- . ed that the Conrt favored a conanltation, and if the matter were post- poned unt 8 o'clock Col. Evans woula have an opportunity tor nominating. Col. Evahs rabd he had “been a friend of the bank all throurh, and Il anything ronld affect the chitnces of the depositora in the futare [t appointment of a that such appointment question ret- He did not ask any delay. As 10 meeting ar, he was os ready to He was not fishing for 1bis or for that man for Receiver with the ldea «of heing his Inwyer, for he hain’t any chanco there and dida't 'want any. wunldn't stand this appolniment except at tha He would like until af- «ternoon or this morning, ko that the deposit ors might have a Not one depositors knew of this anplication, while in the cases of the other banks they had known of it Here was an spplication sprung upun the Court withnut a minute’s warning, immes had been suggested by the attorneys in interest, amd & Receiver wasfo be appointed In- ‘Tins would not suit the Tney must have & voice In this matter. not make these remarks in A spirit of criticlam or cepmtre npon counel, but he would say that the voice of the Directors and the depositors ought 16 be heard {n some shape vr form, Mr. Dexter thought, with the Court, that an agreement anong counscl, If It were possible, wak of the highest {mportance. apoointed, he etiould be very sorry it all the councel dld not acquieseo In that aopotntment and support the appointee. gentlemen Lo he reasonable and take Into se- count the necessitics of the situation. Nas been enid was trite, the sooner a Recelver was appointei the better Col. Evans said that all he asked was an in- interference with the Directors side from that ho would take Mr. Jewett's statemont and trust the money in hiis hands. AMr. Jewett, in some astonishmen! Col. Fyans' last words, and Lhat gentleman ex- plained by raving he would be perfectly cone tent Lo have i€ put in Mr. Jewett's hands, -Mr. Elllott Anthony represented a number of turs¢ depasitors, nome of whom were the most unfortunate cases ever called to his attention. One man had deposited {n these banks all the had earncd in twenty-flve years— some of it.in the Btate, somo in Myers' bank, and $1,700 (n the Fidelity. Of conrse the deposit- to_know all that_hap hls matter of appolnting n_Rece had juat the names of various persona sugmested, wns personally acquainted with most of them., but capecially with Mr. Kelth, whom he knew 1o be a first-class business man. representing a large number of depositors, ho would be perfectly satisfied with Mr, Keith's sppolutment. ; HE WAS A GOOD DUSINESS MAY, who would walk right through this thing, and Jave no vexatloua delays. anything against the wther were all ool mon, and who might be even bet- ter qualitied for theplace. Hut the public matter. theso ublic. 16 did Whocever was He wanted the If what repeated n heand ilo For his part, 1o would nut eay cntlemen, who The Court remarked that he did not see wh; all these Inquiries could not be made before o'clock 08 well as they could between now and next week. Mr. Moran spoke in favor-of Mr. Mason, ahom he Jikened, In this connection to Long John, who had been ecalled upon 1o represent the depositors in the Btata Savings Inatitution. The other gentlemen were no doubt equally ca- able, but it was clear fn these times of ullurcs that depositors sought well-known, Fupresentative men 10 guard Mr. Madon was such a man—an old spected citlzen known to al munity. Many of the depositors were poor; wmany of them lived In the reglon of Bridae- pord; bad known Mr. Mason for years, and his Tame would be favored not only by them, but dy al} vther classcs of citizeny. ‘Ar. Moran was not in favor of delaylng the ap- Polntment beyond 3 o'clock o the afternoon or 10 o'clock this moruing. An aitorney e tnwyers wl wanted ho might be, have the qartles any umlue excitement was concerned, he thought tho sttorneys would see thiat thero was nothiug of that kind. It the attorneys could not seres by 3 o'clock, be would try to namen Recelver hlmaclt, Thu matter wos accordingly deferred, and the attorneys went forth to consilt and, If possible, compromise upon a candidate. IN TUR APTRRNOOK, Very naturally, the court-room was crowded 1n the alternoon upon the furthier couslderation of the subject of the appointment of a Recclver. ‘The crowsl plled {tself up on tho chalrs, jammed the doorway, and mule seata vut “of the About 75 or 100 wero depositors or suectators, and the rest attorneys representing ‘The attorneys e, tubles. deposlturs. tual vuunt nearl 840,000 worths of polntment of a Necelver, senting 810,257, of which $287 was wmoney, and A, B, Trode, were tlie only ones oppos! Mr. Evans'was the fiest one to address the Court, antd he read tha bill tn order to plek It to Pieees and show that tho averments wero in- lle deslred time to anend it denled that thobank was fsolvent, that tha as- sets had been milsmonaged or - squandered, and be could bring two-thirds of make the sullicient. asserted that the depositors saine (enfats. acposited, they were depositea under tho char- ter of the bank, and the otlicers hud the right to Joan the fuids aud to Ax the conditions ol ment to depositors, that sixty days' notice must Do given in order that they mielit be prepared with money to meet detinids, It was alleged *upon information and aects were exhausted. to grant an Injunction upon * beliel " where they wera vital to the lujunctor, ‘That was clementary. mwde," TDelieve any such managed, wseetn.”” ‘Thut was the only elenient upon which a Receivercould be appointed, but he submitted, In the name of sll "the depositors, that that should bo before the Coort lu some way us nn admitted fucl {n wriling or verbally, The bl churred no act of mismanagement. “Thie Injunvtion was wanted because counsel for the bank sdmittal that it was * insolvent. thould the bank bave the privilege of maki hut admilsslon and applying for a R There miuht not be money on hand, but the bunk was not insolvent. —usaets which the depositurs knew thelr money into when they put it o the bauk, T Dircctors and stockliolders should ba . MADE PARTIZES DEPENDANT, and shoalit come tn and answer this il and not He wished the privitege of Mr. Halnes “adm woubl WAIe ansier, 1z them fo the bill that he haa misamnaged, misapplied, wasted, and squandered the aseets, he wanted to know ft. Ile protested agampst the appointient of a Becetver, usking the Coyrt to protect him and If thie ofticerd admitted mismanagre- auentand misapplication of the muney, he wouly e sppolntinent of Din clicat, Le the 2 Re defpdant, o hastened. 5L AN to oppose ver. A kurge majority of the de aid not want proceedings “commenced. This mwvement was like thut of 8 goose jutuping on a Junc-bug. “Hine should be givenrosee Il it was Bevesdary to have a Receiver. The Fxtelity wass nrie etitation, had immense depostis, and be understind there were asscts which could be converted Into $20,000 cash, Mr. Authouy—Suppose you smeud the bill, what will vou pray fur—a Recetvert Mr. Evaus replied that be would make Hgines oud the Directors aud the stockbolders partfes nd Uicn vray fur an wnswer. ‘Ho would uot uppolut us Kecelver a clerevaian, or & uerchant, or a shocmuker, because the os cunsiated of #hould be 1o realizing money on su “The Court suid e, Evaus' remarks were cal- whited to produce 8 false fwpressfon—an jme areselon that the Court was golug Hu wus golvg to take just as buck e us was necessary Lo deliberste—to wep cool and not do suything v a hurrv—to nk thelr Imerslw At all events, present thought ha spake for all hen he sald they would:all ac- quicsce [n the declsion ot the Court, snd would give the Recelver thelr hoarty co-operation and support. Col. Shirlcy sald this news would go out to the thonsands of people who had monay in the Tmnk, and there would prabably be mare excites auent over Its suspension than ‘over the faflure of cither the 8tate SBavingsor the M., In order to calin matters down, he thought the appointment of a Recelver ought certaluly to be delayel no longer than 8 o'clock. I'he Court sald e wanted to know axactly ‘what he was dolng,and hie bed mado thesugges. tion to postpone unth 3 o'clock, and lot the attornoys cousult upon the matter, Lecause he whoover all a ¥, & M. 1 by ac- and ali but cinfms were in favor of the ap- repre- ila own representing $32,000, ng the motlon. Ho noya wero pay- bellef" that the vash Courts always refused ntoriation and “Sacrillces are belny woul “lad s the The nssets were thero oin- teed itorm . ere sltlon whu was-used be burried ke tine to hear suge stions, and, U uecessar < aure time Lo come to o conclusion. Thy ofllcers tad been enjoined from futerfering with the auazumest of the Lask uutil the motion was .;]lsnos(-d‘ td of. Nothing basty or indecent would ie done, Mr. Evans had understood the appointment waa to be made st 8 o'clock, ‘The Court—If the Conrt was ready to do it, he would do it} If not, he would not. Mr, Evans aald be wanted to finpresa the fact that the hill was sprung upon the depositors— that there were not suiliclent averments in the l)llll to warrant the Courtin appointing n Re- celver. Mr. C. A, Gregory then asked to bo heand, and Tie presented another biil filed by Andre: Anderson as complainant. This bill differcd from that of the Johnsons in not charging actual fraud, but relying on the allegatlon of s mismanagement. Anderson has a clalm for only 880. tle charzes that the oflicers of the bank have been E\lfll{ of gross negligence In loaning moneys withous taking sutliclent guarantea or sccurity for the payment of the saine, which has resulted in its suspension. The complainant then Ieges that the hank Is insolvent aud sacriftel: 1ts property ; that the rule for ziving notlces has been most” unfairly and inequitably waived at times and enforced at others, and 11 some cases depositors have Leen dnduced to withiraw notices on_ promise of receiving a Inrye part of their dividend, only to be afterward put oIl with o small sum. The compluinant next stated the facts connected with the run, the proposed examrination of the bank's affaira by a commit- tee, and savs that he bas not given ang notice, because it would bave been uscléss, aml becanse the bank has refused to pay even after notiee given. ife alsn states that a bill has been iiled, and that the bank has actn- ally closed its doors, and_in conclusion asked for the usual_relief, The bank, J. C. Haines, Jared Gage, Frank B. Tobey, and E. 8. Will- ams were mnde defenilants, ™ ‘This biil had evidently been. prepared after the motion lind heen made In the morning, as it contains new and materisl facts, and was in- tended to he pushed fn case the Jolinsen Uil proved Ineffiefent lor any reason, Mr. Grezory asked that this sult (the bill cov- ering all the polnts made by Mr, Evans) be con- solidated with the one pending, for the purpuse of raving the asscta, The C‘(‘mrt salil that woulil be ddone—all the depositors having the same advantuge as Y named fn the first bill, Mr. Jewett sald the misfortunes of the bank and {ta consequent unvopularity scemed very largely to attach themselves to any nomination for a Recclver coming from that quarter. o had propused Mr. R, P. Derickson beeause he belfeved him to be an honest man sod Mt for the osition, Inasmuch as counsel, representing a arge number of depositors, had * objected ~to hlm.lgcunum of the source of his nomination, ho woul £ WITHDRAW 1118 NAMR. ‘The acpositors could_now meag thelr own sc- lection. Ae to what Mr. Fruns had said, he had not refusel to answer the bill, but admitted its substantial acvurney without knowing wnat it contatned. He sappoacd i the morning and supposcd now shat the facta stated in the bill sotite of whivh could not be denled) were suf- ctent to give the Conrt jurisdiction, and suf- ficlent to authorize it to appoint a Reeelver, le could have come in and asked for tineto anawer, and conld have delayed the progress ot the case for weeks, but had not done it becnuse he did not think thic interests of the depositors wotld be subserved by that course. He would be rs anxions to defend the repntation of the ofticers of the bank as any other attorney who took charge of thelr Intereats, but, when the result was clearly foreshadowed, he saw no renson to Interposs objection to what must inevitably hove come. According to his under- standing of the affairs of the bank, If things procecded as they had for the last six or cicht weel the end was only a question of timu; and, in his judgmenty there wonld have less rellef for depositors then than now. There were some things tn the bill that he could deny. 1lo could not deny that the officers of the bank were trustces—that there was an insufliciency of .nsscts to pay the depositors. ¢ could deny, technically, the mismanagement and misapplication of funds, but he couid not deny that there had been scrious loss in the investments, lirowlnz ont of the depres- ston of the times, which had affected everybody, banks as well as Individuals, Hu could have made o technical defense and consutned time, but the result wouldhave come and the eredit- ora bo made awarc of It. If Mr. Dexter’s bill bad not heen filed, It was apparent that other bills would have been filed in a day or two. The bill was a surprisc, of course. uch things al- waya were. Tho depositors would mnever be ready for ity Locause they were looklng after thele money. He had heard thnt somoof the depositora would be glad to let Mr. lalnca WIND UP TR BANK, < ‘hut that conld not be dono unless the Court ap- polnted him Recelver, and he presumed there would ba objcction made tothat. The bank was In a condition where some one must tako hold of {t—ona_fn whom the public would have confldonce; and _he did not know of a better way to gct such o Yurunn and prevent uaduo excitemont than to let the Court appoint him, He wonld I satisfied with auy honest, diligent, setive business man. Any ous who went thero would fiud thealfalrs in “auch a shape that he conldunderstand them § the books were In proper order, and everything waa in Its proper Ii(zwa. Mr. If. B. Hurd suggested John Il Kedzie for Recelver. 4 Mr. Rogers named John G. Bhorfall as pecul- larly fit, snce he was woll acquainted with real- cstate matters. a Jfimm Lawrence nominated Besfamin J. allup, Mr.PEnml hod beard three depositors say ‘Thomas [loyno would be acceptable, Mr. Hoyno declined, and proposed tho name of 8, I, McCrea, D ]\(lzx? Evans sald ho also bad a favorite—8amucl . Chase, Mr. Anthony suggested that a_directory bo handed to his Honor. [Laughter.] Mr. Evans wanted the Court to have time to selcct o man, 3 ‘The Court supposed that all werg pretty well agreed about somo of the quallfications of a Reeelver In a casc liko this, Lawyers under- ,stood thesc matters, although merchants and bankers may uot understand them. ‘Thoy kuew that whien u firmn was sinking, the sooner 1t was vlosed 1p the bettar for allconcerned, fi man was_needed who would wind up thy banl without delay, Ils did pot mean that ho should press persona indebted to it, or sacrifice its ns- sots, but that no time should he lost,—that it should be closed up as speedily as it could be dune, at the samne tine using proper precautions in realizing all TIAT COULD BN REALLZED from the psscts, So many good usmes had Leen presonted that he wasat a losa to know Just exactly what was his duty, K‘I‘l';! E. Q. Asayput In a good word for Mr. eith, ‘The Court asked his opinion aa to the amount of the boud. Mr, Asay replied one milllon, ‘The Court—Why so large! Mr, Asay—~The ussuts are heavy. The Court—This Court wil) not allow half s million, or §200,000, or $100,000, b remain iu the hauds of any Recelver. % Mr. Asay—Tl0 nasets aro convertiblo by the struke of a pen—bonds and mortgages. Mr. Dexter—Real patate, Thahuoun—’l‘hu boud ought to be largo enoug| .\lr‘.‘lu:y-—'l‘o cover the asscts. The Court—Not uvecessarily, The best secu- rity cannol be got by 1ua! Iumnu bond 100 lurge. 1 had fixed upon $800,000 or §700,000, but now think that ts too much, Mr, Jewett, in reply to aquestion asto hls {dea, sald he was not mdylsed as w the nuture of the anscts, but understood the large part was feal estute, ‘Tlicre was thobank-vault bullding, which ylelded 815,000 a year reot. The bank- bulldity proper and grotnd he was told were worth some 300,000 or $400,000. ‘The balancs of the property he supposed consisted of (and obtained by foreclosure, lle supposed that all that mightbe culled strictly casli psscts had m-;xmuvuwd and paid out, except the mouey The Court—Would 1t be ible for the celver to have st uny one llmpw&ll.ml Ko 'l.lr. ngelt—‘n never ought to be. Tho Court—80, wuuldu't double that amount be winple securlty/) Mr, Jewett—That is my Judgment, i Mr. E‘{';’.',‘E"::“fi:" T" lhu wake’s month- v report he Court, aud what object thero be In having a large bond ¢ st woul Mr. Jewett said there were some fifty deposlt- ors Iu the rouin, and be Lad been requested to say for them that they desired that the bank should contioue aud pay out moncy as It had been dofog, This showed that they had BOME CONFVIDEXCE IN TUB MANAUSNENT, but it was fmpracticable ln the prescut condf- ton of things. Judge Lawrence asked #f it would not be ad- visabie fur the Court to defer the watter of ap- polutineut until this morning, gluce soime naney wlght be withdrawn sud bannony arrived at. Mr. Goudy jolued {u thid suggestion. I did pot sew huw naybody quuld be'prejudiced by the postponetnent, but thought the Recelver should qualify to-duy. Y % -Abr, Dexter remarked that there was a greater dilfersnce of vpinlon iu the afteruoun than in che morniog, sod if thees was a farther post- poueinent, justead ol a convergeuce of views, they would widen all the time. ‘Tho necessity fur'u Becelver was admitted on all baods, and the soouvr gue was appointed the better, Fur- ther delay would ouly add to the cwbarrass- wmeut of the Court, e Bhirley sald the attorneys could not sgree, and it waw better to appalutut vucee. Mr. Jewett wishied Lo say, oo hebulf deposi- tocy, b{ rvyuest, thgt they were anxlous for sowe delay, o onder that they mlght et to- &etuer und vler such fuduceicnt to the present | of any explanatfons. THE CHICAGO TRIBUNE: TUESDAY, SEPTEMBER 25, 1877. management of Lthe hank as to coable It to go | tnquisitor conld venture. Two hardened mem- | Derlvkson stated that about two wecka azo soma on with {te busincss without any further inter- [ bers of the craft ealled him to one of the win- | friends of his, who are fdepositors in the [ ldell- ference, They were willing to give the oflicers | dows for the purpose of trying thelr lnek again L{'. rame to him to ecek advice sato what they all thetime they need tosettle upits affales and | Toa request to know about the cash on hand, | ehould do. He went for them to the hank and pay out as it may be ahleto pay tothe de- | Mr. Ialnes returned the olil, ol angwer, and | anw the otlicers. They considered the bank sol- £{tor. when told that the oblect of asking the n]umlnn vent, and so asenred him. Mr. Haines, how- Mr. Shirley said that propoaition did not come | was to get at the prospect of ah early divhiend | ever, thought they wonld like to from his clients, They were clamorons, and being dectared, replied that he supposed It MAKE A LOAN wanted to have the baiik wound up. From the 1 allegations In the bill he thought the Court | zomething. Meagre na the infurnation wos, {t | son undertook to arrange this loan for them. ought to appoint a Keceiver. Outskle oressura | had to suffice, for up went the window, and | In the courss of a couple of ddaya he had scen might be for effect. ** Come down to the mut- | during the rest of the afternoon Mr. Halnes | two or three pmmlm»nl bankers uf the ¢ity, who ton.' said Mr. 8hirley. i could on no aceount be duped into holing fure romieed to advance the needed funds, The Court remarkeéd that 1f the officers sound | ther Interviews with the reporters. ime, however, Mr. Halnea had reconsidered, up the hank they could do it more cheaply than HOOD NEWS, and thought he wonkl try to et along without any boly clse, and save a great deal for the de- Along about 4 o’cluck one of the hovs cone | any ald, ns the ex<itement fecined to be dylug poritors, 1t would be the policy of all courts | nected with the hank rusied in aml et My, | away. Therefore the nerotintions dropped, Lo ofer facllition for doing o thing of that kind | ttaines, Mr. Smith, nnd others with the ex- | Last Friday the depositors who applied to him 1L it couid be done. clamation that he had some * gool news™ for | fn the frst instance came nagaln to Mr Mr. Asay—The action of the Conrt {8 the best | them. Derickson and told him that the rules orotection the bunk can get. * (oot newn," asked Mr. Bmithy nervously, | of the bank bl heen chanmed, so that Mr. Gowly—I{ the gentlemen will furnish | *what’s that?” even .after thelr notices had been giveld the bank funds from day toXay it coutld go on. “Judge Moore ain’t a going toappoint any | and matnred they conld get but 10 Mr, Judah skl his clicuts sought the protec- | Recelver. The depositors came in and sald they Lm' cent per month. Ile then went aznin to tha tion of the Court, and were not willing toda | didn’t want anybody to run this bank bot Mr. | hank and Found that it was trae. ile told Mr, anvthing clse, laines,"” Halnes that itdid not look to him ke good ‘The Court #ald he wonld take until to-mor« Mr. 8mith said he «idn't believe it. Thera |.business tuct; that the public would ridfeuis it, row—not an unrcasonable delay, especially In | must be sume mistake about it *As for Mr. | would insist that the bank was not as sound ag view of the additional nomipations. ~As things | Halues, le was soon afterwards scon o leave | represented. Therenpon Mr. [taines (nvited now stood, unless sonething was prescated | the place with Joe Dixon as an cacort, and the [ him to take o look at the ailirs of the institu. which he i not now cxpect, he would make | presumption was that ho was heading for the | $fon and eatisfy himself as to its conditton, the appoiutment this morning. court. “Thix Mr. Derickson consented to do, with tha —— Oue of the Dirvctors, Mr. Frauk B, Tohey, | express understamding that if o came to the JOIIN C. HAINES. was appealed to for fuformation, Now Mr. | conclusion that the bank was insolvent he 1 543 ‘Tobey 4 a most obliging gentieman, but on this | shonid be at liberty to say s, He compienced ME DELIEVES OB COULD JIAYE TULLED | geeaglon, and thls oceasfon only, he'had decided | his examination Friday, and constinued it until THROUGH, not to say nnything nbout the bank's actual | 10 o'clock Friday night,’ 1leleft the bank Inte From the time that Mr. Halnes went out to | condition.” The reporter did learn from hlm, | with the strong conviction on his mind that tho se¢ his counsel untll B o'clock fn llxmlrlcv?r, lnn:ulm hud a small amount of stock | bank the afternoon he was not visible to | !0 the inatitution. [} . And now for the pleca of Information which | althongh hio did ot communlcate lits viaws to the represcntative of this paper, who calted to | 450 RO 0T b1, PIECE G0 O ERREED Cetain | Mr. Tiaines o any one clse that nieht, scohim. At the hotr mentioned hie made bis | yerdict which tho reporters were ready to pro- | After thinking nbout 1t over night he wos still appearance In the place where he had once | nounce nzainst him, to-wit: that of beliigan fn- | contident that the bank was not rolvent. ‘Then reigned supreme, but where now the hand of | dividual whoso penelinnt seems to be to knock | ho went over lomf to Mr. Haines that hedid. the Superior Court of Couk County lag heavily, | the best-luld Intervicwing schemies in theliead, | nob hellevo he could go through, and, according a tly withont hope of al, - 11 * | Jtall came about fn this way: The reporter | to all husiness rules, e onght to close his doors and apparentiy ot hope of removal, - 1Iav- | was standing sround with Mr. Tobey and n | as & bauk, and constder §b In a condition of passed the worst of It, haviug crorsed the Rubi- | brather scribe, wheu Me. Swith came along and | Haquidation. He fonnd it dificult to make Mr. con, a8 It were, ie betrayed less - evidenve of jul".u;_\‘l [ t}muun{lelra:q:m,nn‘m Wit st Halnes and the vouni tmen at the Hank concern than he has shown for the ‘There {3 one thing,” »akd ' at can’ HEALIZR THE BITUATION, sald about John ¢, Halnes. chasnotbeen dis- ut, after discussing it with them an hour or so, ::s?’mngslh As lie came in l.hro'uo)\ |.hur Icuw bl abortaJohs G, Ll el tboen dis- | But, after di ing lLwith ul ! A % honeat. Thore mav have been errorsof judgment, | they sl beenme convineed that there waa no door leadlng from the safety deposit vaults | indiscrotions yom might perliaps call them, but huflu of sustaining the bank as n bank, into the bank proper, o TRINUNE reporter salut- | the inan doesh’t live who can rine azafnst bim urhu&lm exninfoation it came to Mr. Der- ed him, nnd the greoting was returncd In Mr, | the charge of dishonesty, 1t Lias been sald that | fekson’s kuowledge that Mr, Halves had turned Iniues’ blandest manner. The reporter escort- | lils all fs fn this bank, and I know It to be true, | In cd tho deposcd bank Presidont back to the place | Ascarly as the 10th of September, John C. where two counters met and formod & very cor- | Haines'decded all his !‘\ro Ty, lils homestead, rect right-angle. Mr. Haines took his position | evervthiug, to this bank. lla“owed the bank in the extremo corner so as to lay both arms on | sume moucy,—something for a part of his stock, the contiguous slahs of marbla. In front of | for which hie had given his note and some other | examination. Upon investigntion, liowdver, he him stood the aforcsald reporter, ably re- | money which he got from the bauk subscquent~ | found that this was not so. All the private inforced by a deputation from the other imorn- ly. When he saw that personal sacriflces were | property turned in has become in every sense Ing dallies. Ilaving thus assumed s most | nceded, e arew up a deed of all his nrurcrty to | the property of the hank, and will be found steaterrie position, 5& representative of this | the bank, more than_enongh to sceurs his obli- | ninone its assets. Even the property on West paper procecded to take soundings. gatlons, and the deed was to have beon recorded ]t came sooner than people expested, Mr. | this morning, and would have been recorded Tlatucs,” remarked the reporter, by way of In- | but for this sudden movement for an injunce. troducing the subject, tion and the appointment of 8 Recelver, Why, A sooner than I had cxpected, too,” sald | they fully expeeted to zo on with business as Mr. ITnines, who evidently umierstaod fo what | usual this morning, and would have gone on if » that little word **{t7 referred without the ald | they hadn't been atopped by the Interfsrunica of | nobody In the management has got rich out of ' the Court,” “ thie depositors’ money ; ond wlhen the bank gocs ‘The reporters assared Mr, Smith that tho | down, Mr. Haines and ail hia famlly go down ublic admitted Mr. Haincs’ honesty to bie un- | with it, flunneiaily. Thoe depositora will nn- any proposed legal procoedings being fnatituted | Impeachable, and wers convinced that his mis- | doubtedly find that thero has buen eonalderable Monday morning." = fortunes were wholly owing to srinkago in | shrinkazo fn the sceuritibe, and this 1a the cause * Yes, and I reuomber my reply, 1 safd, ¢T | values, and purhnfla rather bad errors of Judg- | of the fuflure. had heard nothing about them.” {flnn'r. mean | ment In making his Investmonts, “ How about assetal" to aay now that [ haven't lieard rognora and st *They are all Lonest," replicd the lttle old Mr. Derickaon thought it would bo very fm- tics for tho past week or more. Every- | man, who had been rather unconsciously, to | prudent for him tu say anything ot present body has heard ‘them, I take ft. Bat | hhinsclf, drawn Into making o etatement to a | ahout what he nséertained iu regard to usscts, what I mean to say Is, that I knew | ‘chicl takin® notes,”” |n his hcad, and who was | e wouldt say in a general way, however, that absolutely nothing nbout this injunction, | surs to “prent ‘e, * Yes, sir, every one of | by careful, orudeut management he felt certaln or the sppointiment of o Receivor being raked | ’em Is hoitest to the backboue. Why, do {uu that the depositora would reallze not luss than for, until 9:80 o’clock this morning, when we | know what Charlle liaines did awhile ago? ‘His | 71) nor more than 90 cents on & dollar, were notified hot tu pay ont any mare degosita, .| mother ins a savings acconnt here of $4,000. AUDITIONAL PACTS. That was the first information—I mean substan- [ Well, when the run commenced and was the From n geatlemon who has oriminal sources tlal information, and not mere whispers, nmrluu’ chiaf tople of conversatlon everywhere, Mrs. | ot information it was learncd that the cnah at and rumors—that any of us bad of this thing." | Haincs onu day eafd to Clarlle, ¢ What nlml’.ll resent ou hand in the Fldelity ts abont 870,000, *Thon ;undldn't open the babk at all t‘i’u. do with my " mongy, son: draw § oul? | The land belonging to tho bank ju the nceigh- morningi” ¢ Never, mother, Keep ‘it there, amd {f you | borhood of Central Park consists of twenty “ No, wo couldn’t. We were enjolned from | want it, take your place n the line along with dolng 8o, and to have opened our doors woulil | the other depositors. It sliall naver by sald of | der water, but mostly fn good location. The have been, as I was ndvised, contempt of court. | me that one of John €. Halnes' boys took ad- | bank does not own the lot north of the Stute Besidds, If we had openod our doors and then, | vantago of the position be occuplod in his | Savings Bullding,. but only an cquity interest after getting the uotlce of injuction, refused to | father's bank to draw out money for hls mother | therefns, which {s valued ot g7,600 pay otit, why that crewd would have mobibed us, | while other depositors were oblled to stand Ly tho bank oflicors. _ Tho | laid " near, 80 we didn’t open at all, and made upourminds | theirchances o the ondinary way. No. Keep | Central Park ls valued ‘at 815,00 Tuo bank to lot thines take thelr course, [ went | I$ there, mother,' Audit §a thera to this dav.” | building, with Its deposit-vaults, cost 8315, over to ' Mr. Jewett's office, we con- | Aud the above is only another instanes of the | 000. The ground cost $1,000 ver foot, Tho sulted sbout this thing, and he went down | sterling virtue of houesty aund honor which fs | depreciation in real estate, of course, hos re- to the court-toom to ropresent us. No, it was | everlastinglyto Charlle’s credit. 12 is of & plece | duceI'this estimate. The lot corner of Fifth all very sudden. Wo wore prepared to go | with his carnest advice to a poor depositor | avenue aud Madison streot 18 valued at $1,000 ahead, and oxpocted to do 8o, but an injunction-| on Baturday not to sell ber bank-book, | per foot. It is claimed that thero are assets fn has power to stop oven savings banks,” whatever ehe * did, sbut to keep At at | the bank which will realize over. 8100,000 witpin * Lou still think that if you bad been given o | all bazarda, In that bit of adyieo he eQectually | the next thirty days, Thero I3 o proposition to year or two to realize on ‘your sccuritfes you | put s stop to tho sllly rumor that the bank ofll- | reorzantze the banksby making up the detlclency, could finally have pald every dopositor dollar | cers wero trying tu buy up emlnui and practl- { but It i3 only & matter talked of, and has taken for dollari " cally assured the public that his ouly Iutcrests | no tangible shape. ¥ Well, that deponds on whether you news- | were tho depositors’ intercat, and bis only aim — apers hod etopped going for meor not. If I | to preserve and maintaln his character for up- THE ORGANIZATION, Knscheen let alone, I could rlght, honcst, manly bearing. Thero fan’t & de- THR CAARTER OF TR DANK HAVE ULTIMATELY FULLED TRROUGIS, ositor in the whola 7,500, or more, who fecls Dut somo of the papers were continunily pitch- | the weight of this grear publlc calsmity any | Wa# granted by the Legislature of 1805, and was Ing into me. Tho Journal advocatod bauging | more decply tuan Mr, Haiucs’ sons. ~ Every in- | oa follows: lnst week, and tho Times has done that alf | terest they had in the world was to make tho | An Act (o Incorporate tha Narniers' ana Je- along, Well, when the papers talk that way | baok pull through, and they still bolleyve it chanica' Savings Lankof Knox (o Jllinols; to the public, you can't expect that thay will | could havo been done {f tho Institution had been Bzcrion 1. Do It enacted by the people of t feel vory good over it. * If we had beon lot | wilowed to rua on. 7 Btate of Iilnoln, ropresented In the (ieneral An. alone to work this thing, we could havu con- | Tho reporter bung about the Plncc until {]"‘“"'7- Tuat Jopathian Latimer, Willlam i L verted our sccurltfes at. advantage, and fn the | about G o'clock, when everybody left excopt [ Dirron, feon J;,m‘l",‘f“},""‘ arcas r{{:"!‘?“-fl:fl"{' ena have pald ofl cvery depositor. We have | Lhe guardiana of the safoty+loposit vaults, who | William'p, Slanon, John Petérson, Weston A. 0g- clalmed that all along, and we still claim {t." remained at their sccustonied places and .were | den, and such other persons fs may becomo *“Then g corapotent, honest may, coming fn | peered at by tho curlous oyes of the gaping | stackholders in tho asmocintlon, are heruby.cronted, hero as a Recoiver, and working solely for the | crowd, who would have fancled nothing bettor | bo and are declared and constituted a_body good uof the depusitors, could do the sume, | than to be allowed to go in and got at the tress- | corporate by the namo and atylo of °*Tho Farm- couldn’t he, and the depositors may Jook for- | ureslocked up in thoao iron strong boxsy. crs’ and Mochanies’ Bavinga.llank of Knox Cou ward to ultimotely getting all thelr moneyi” ? DURING THB BYENING ty," and vgnll hl;«lb:uccmlunv o comuon seul, “8uch a Rocelyer conld do all that. Wo bavo | occastonal crowds of anxious deposiors were | Pewer tuplead an fmpleaded, to appoint all Just, turncd & comer in real eatate. * Wa aro on | sccn to nssembls around tho closod doors of the | Je6eseE 7 Iresnbl eng Ny L uny by, o risiug tide, and tho thing lovks t- | Fldolity forthe purposs apparvutly of exchang- ter, l‘]’\;uw n('mvlu can l)hu'fi a valuo "un Ing oxperiences, mll’swllh we hulmy ol obtalning :‘f‘.ffl&?‘ Andbaseits the purposen: i Injgnt ot real egtate. Of course there hias boen sheink- | coosolation. They wers not permitted to re- Src, 4. The oapital-stock of the Assoclation agv, but {n the time to come we could have dis. | maiu loni at a time, for a pollcenu wascveron | shall bo $25,000, witli power to Incresso the same psedd of our real cstate to advautage, could | hand with the peremptory onder to * Move on.” | as tho interests of the Assaclation may require, to ave realized on our securities, and pald every | Tho mn]amf of thoso who wathered together | 8n amount not exccoaing $300.000. 1ho stock depositor every ceut wo owe i, Of cours, it | would have liked very wall to” # Movo ou,® but | shall” be - divided | lto, ey peopla go fnto the courts und enjoln us from | the move would bave been in tha directionof | Sacth WHIGH Shall 0o feemad nessoual property, doing mmnm. ond et a Reeelver appolnted, | thesafety-vaulta., Ouco In a while some talka- | 805200 (n such mannor as {ts by-laws. may Dro- wo've slmply got to stop. That'sall. ~ A Re- | tive indlvidual would tako the crowd by tho | geripo. 'The corporators, ora misjority of them, celver ougbt, with careful, prudent, houest.| ears, aud cndeavor toreason the matter with his?| may open Looka for the' subscription of stock at managenent, to bring this thing out all eight, | hearers. It Is not easy, however, to reason | Gplesburg, Knox County, Iil., al such time and and pay overy depositor dollar for dollur, "Wo | agrceably to an_ audicneo of angry and | placo as thoy may appolut, upon giving ten dsys' clung to the ship ns longas we could, and would | hungry men wnd womon, and the phil- | notice thereof In somo nowspaper publiwhed in have gono on had we been let nlone. Wo | osophera who voluntccred such = o [ Knox County; and when tho sald sum of 825,000 couldn't help fhat. Nor could weavold th | thankless duty soon found it conyenient to go | 1suubscribed and :";z’}‘l"" paic e Ly sl coes run on us Why, you fiust kuow that | clsowhere. ‘Blrinkage of values® and all tho | BEEEIs %a" (e aud piace, i iiice aanhcr, we have pald out an enormous nimount of money | other cxcuses evoked from the tsteners only an | (4'ho stockbolders, lo meet and elect Directors, during this run,—more than the State did with | ominous growl, aud were regarded . as fine-spud | pnd organiza sald corporation, Tho stockliowery ita larger namber of depositors,” seutiment, ** Al very. well,” salid one of them | may elect five Directurs, who, shall by stockhold. 0 Flow inuch have you pald out since the It | *to tell ns about unfortunate investmonts, and | ors, and skall hold thelr ofices for ouc year, or of Julyi" 80 on. Who was to beglenciited by these big | until thelrsyccessors sre clectad and qualified. « Bytweon 8600,000 and $700,000,—ncarcr | risks if they turned oulwelll Not the deposi- | When eiccted, tho Dircclors aliall elicta Prewdent $700,000 than 000,000, tors, ‘They ouly had Lbelr clianco of § per cont | from $hulrown body enat shall sppolnt the y an * flow much wero your liabllites to deposic- | o thelr suvius. fut wlio Igses by your shrink- | BeCSAEY SHLCCTLERIKSRIE, Y, B, sorboration, wauld not be long before the depusitors got | of $250.000 on their see: 5, and Mr. Derlek. COULD NOT GO THROUOH, ALL TS PRIVATR TROVERTY to the use of the bauk. For an Instant he was surpriscd at this, anil it occurred to hlin that this migcht have heen done preparatory to an Van Huren street, which bas been ovcupled by the Halnes family asa bomeatend for twenty- five yoars, wili be foumi among tho assets of the bank. Mr. Derickson saya the publlc will fod NO GUTTED DANKS *You will remember.’! safd the reporter,* my asking vou Saturday night 1 yon had heard of ors then " sgo of valucst Not John C. Haines, yoa bet. o About $:,000,000," Only the depositors, The risk seetws afl on ono \1\;':‘0 .f?fl:“.:;d‘%;‘l}::;fl‘;nm:g-;f :Iu‘:‘a ower “ How many depusitorai” side.!” row moncy, to rccelve moncy on depovit ¥ o to bo Wien this kind of argument beean to attract | and alow interest” thercon, and toloan moncy at attentlon, tho stentorian volee of the policetan | uby rate of interest not ucwulnf that now aj- now owe then: about $1,300,0000* was heard to say, * Move on," and 0 the shlu- luwc:hllvv law to mdl:ldn-l-. and 10 discount in o Well, yon!! walk was kept rcasonably clear during the even- ::W“m:ffl"f,‘lg.y. el o oo Sa aiation & ‘: Hgll, naw, Low much cush have you on | ug. 2 quo.‘umuun Aln.l‘(lu lfi\‘t--:lch ln'enrl‘l‘{ therefor, or petsonal, u the Dlrsctors of wa L T can't toll you that.” R. P. DERICKEON, Tion shall duom wliciuat: and mny bay s sell * Wiy not! You took off 8 cash balance Sat- MIS BXAMINATION OF TISH DANK, exchange, bills, notes, hody, and other secu urduy nlghts [t can bo got at fu a tew minutes, Prom Mr. 1. P, Derickson the followiag state- Ities; ‘u;:zmluu "‘“.;'L‘é’.i‘u"’.lfi :’;:h“:';':. " ma; and Eud tha publiewouli ik to kiiow ment of the asscts of the bank 88 thoy stood | s shall - o may bo - commitied to it ks are not In iy possession now, % % Ly any person or parsons, of by the order or docre Inadayurtwotherawiiibo 8 Recciver bere, | Friday evoulng was gleaned yesterday. Of | By Sow PRIOR o6 BRCING, 46 DY ERe CRdeR BE deerce aud he will give yoa all tle Informution you | course, the compllation was made from s some- of the United Statea; make sach spectal regula. want. It's out of iy hands now, and I aln’t aminal 1l t tions In reference to trust funds, o doposits fef| rolng to 7Iu you fleurcs now aud then have habhurled sramination of o backs: bit- 1t l‘nol sccuimulation of safo ktu‘;‘nh:u, u:mpfi'u:v'qutlé # About 7,500." . ““Then, would It ba corrcet to say that you ou pliching to me s day or two If the | Will be found approximately corroct, and fs { {70 La81"douoniturs or partics Intaredted, by acou: {lcvelveulmukl bappen to tell you unything | more copplete sud sallsfactory than uny which m:l:.tllm ‘OF Inereaaing the same, alluw(ngn{d‘un;. different.” thio officers of the bank arc willing to make at {nfi:nch intcrest thersfor, not gruater than bere. n! *Tut the depositors want to know how much money you hae, The they can tel what kind hé prowht e of a dividend to Jook for. What you cun tell us is fram the books i AND WILL DX BXACT, 1illa of exchange, Burely it 1s much preferably that the publle | Bills m.m..m‘.ifi‘ should be vorrectly informed than it Is for us to | Demand loans Fes0rt Lo guossWork." ] Demand collateral Toani fore provided, as may bu skreed upon: ma Ve luioie of ciodlt aus g matlons; Provided, Thosame shall notboin the slmill- tudo of bank nates, o other avidences of debt, de. al Lo circulato 88 money, Mareied wouiau snd noré may, in thelr own nawe, deposit wousy with said corporation, and sald deposits shall be subject to their order unly. Aidhen, other cpmmerctal obl(- Dant KEstimated & *Well, you'll have to guess It ouf ¢ Cullateral loans.... 8rc, 4. 'The said corporation shall have power The p:ox'mfiy is no lonm-rgln‘:uy “ln:‘m}l.g“"fl; Investment secount . to purchase and hold s)l such rea) and personal Court lus pozsession, and when the Recclver g catate se may be required for the transaction of buslness; to hold real evtats s wecurity for aud iu payment of loans and debla due or to b rome dud to watd corporation; and ta yurchas nuy real or pervonul catate at any sale Lo euforce ite sccuritivy, or the payuent uf debte due, or wart. guges of devd or trust; and to hold wald property, or to sell and convey the sanme, or suy part therg- of, at such a prire and under such conditlons as the Board of Directors Ay direct, 8x¢. 5, The Board of Drectors ahall have power to declare dividends on tho stock of Ausocia. :hm. -:lul n{ata« ymflhmon “&"u"fl‘e“}"':‘ ufirrl AT e wre—er ] Feiste) CHM e, Aa 2 1A et for Lo lue o0 81,631,400 $1,175,003 | terest of tho stockholders, and shatl bave powocts iT provide for the lucreuso of tha capital stuck of this furulsh'the information,” 1,370.000 | Assoctation undor tho Winits of thid charter, And althouzh the reporter bung on to Mr. 3r Derickson had not the rvul-eatate sched- | 8xe. 6. Allthe slockholders of sald curporation Haiues with 311 the polite pertinucity fur which | ule with him when Tus Trisuna reportcr saw | slull be soverally and fusiskioay labiagithe dus the'cratt fs noted, the punip, retused 1o work. | hiu, but it conslats of the bank building on | positors lothe amount of whock hold by, them co- “Hhe well had sypareutly rundry, uud o smount | Hunitolplstrect, ono lot, forty by cizlity fecty il Fiber thiy Al okt tatror ol dals S of questions, deliversd with the skifl Jike unto | sorth of the State Navings Lank Uulmlfi O | by any stockholder; and ol wuits Lrought agsinsl thut which one uscs I pourivg water down u | LaSalle street; los northeast corner of 3 i | any stockholder uilsl be commenced withun wix pump for the purpose of getting the valves fo | aud Filth avenue, tifty by ‘.I‘ih“ fect: two lots working onder, would set the jacking golug | on Ozden avenue, northof Yan Buren strect, comes ln he will give you the figures.” *But, wy dear AMr, Halnes, really now, ¢ have severad more questions to wsk you. For instunce: About those Calumet luans und fnter- | Btamps. e . est; do they umonnt to §100,600¢ Then, how | Nutionakllankof lilinol uid you happen to go into Chicago Rallway con- A"‘“’_"F“" Exchangs, N, ¥, struction bonds so hieavy? Lo be more brectas, | Eutat Metord: ol :;\:‘)fl!?mlul down with $15,000 of that stulf, "@’\’“fl" Savings D * You ncedn't go suy farther. T have talked h more thau I icant to now, aud Ishau’t suyany- thing wore. In fuct, I've beeu adyised by uiy sttorneys uot to talk, butto let the Recelver monihe from tha tlae ho shall cease 10 bu o stock- holder. » sygain, wcntrma by 100 feet eachi; 400 feet Huu cust sxc. 7. Thia act Lo tako cffect and be lu force Mr. Charles J. Ilalnes, the Cashier, was & o | of Central * Purk, frouting part upon | from sud after fls passuse. % AMudlson G0 acres of Jaud in | Approved Feb, 15, 1843, » approached, but declined to glye uny tigures or strecty o @ muke nn{ other uuh:mullt‘ilwu that he be- | Bouth Chicaga. This is the sum total of real At the sane thine a chirter was granted for a Heved that I bls futher had been allowed to go | cstate, o4 far as Mr, Derickson could romember. | bank with o slifar uams i M.dlenry Coun on, the depositurs would have ot bvery cent | ‘The bulk of bills payable will all wature witbln | It s Leileved that Mr. Halnes was cither (ke due them in a year or two, flo was procecding | tha nexs forty days. Some of tuo Ullls discount- | csted In this or subsequently bought it but to amplily this statcwient, to speak of shrink- | ed are lone past due, and sviue personad loana | thiy particular Institution never cawe ta Chi wizes Jo read estate, st cte, when o littlo | sre sald to bave been m pon very bad | cago. olil gentleman, reoicing 'fn 1he name of Swmith, | names, which the reporters laye se yel bovn § TuM ORGANIZATION OF TAE GALESDURG OON- lultials (L. B., Mr. Hawes® private artoroey, ap- | unsble to learn, The' tuvestioent-uccolnt T CERRN S s P proached, with oo alr of great mystery, and | resents taxes pald, tax cestiintes, cte., dndis | was perfected in time to savo the chaiter, but 8 suspicious glance towards the reporters, as If | subject to st} furthes peduction, lv.[-h.ml. nothing further was done In the way uf begin- they were gettiug at suincthing which tbey bad | just at this time, to tho real coudition | ning busluess. No moncy was palid up, it ks be- vo rlght to kvow, beckoned Mr. Hafnes away | of the Dbanks 6 wmay be worse thau | Meved, in this prellmlnury orunlzition, but with the remark, Charlie, [ must sce you fiu- | the statement ubove givea—but baraly better. | sluply tbs chocks of fespouaible partich weru wodlately.”? Mr. Haiucs is lodebted to tho bunk, but be Lus | given. Soonafter this the charter wembers Mr. Haines lingered gbout the bauk awblte, | turned overall bis property by a tlanket wort- | turaed over thelr futcrostto b, K. Siith, Warrcu but was withiu the Directors’ room or locked up | guge, which will probubly-be recorded to-day, AL Baker, J. C. Garwood, d. L. Clay, und othiera. n the buteriur of the place where no revostorial Inan intervicw with a Journal reporter Mr. | ‘Ahey beld oo 30 the churiee for sone yours, avres. Tho South Chlcago lands ara fu part un- JAurll, as stated above, new Conxtitnt W been adopted and the granting of apceial charters was at an eml, thy ol ones, whivh hud buen obtatned prior to 180, boame desirable; amii Me. Hfaines, who hadsold ont of the Staty vings, entered {nto pegatta- tions for the parchase of thisone. He bt ftabout the 1th of Aorll of that vear, and pahil oy It saumething like §2,00, althouels » yme per- €0i1s bave an lpresslon that he paid perbaps as wiuch ns 5,000, AYD NOW FOIt A NIT OF UNWRITTEN HISTORY, Mr, Talnes soll out of the State Savinea in danuary. e had become fasefunte.d with bank- Ing, however, and wanted to continue in the burineas, e lookea around during the early partof the yuarto secil hecouki pik ups chrartor anywhere which wonld suit bim. He fuund out that this Ualesburg oue was on the murket, anid that lie conld ‘;N. it forn on- able price, The difiienity with it was, however, that the Merchants’, Farmera’, & Mechanics® Bank of Galeshire had moved up hero some yeurs previous, and was runfing under. the Killful managemeut o Syidney Myers,. The Fariners' & Mechanies' would be too close an fmitation of the title of the existing banlz, nnd the two would bhe apt to clach, It was impracticable atso to usc this charter in Chicazo for another reason,—hecause the bank was lnented . by jts charter at Galeshune The matter was discussed at the time by law. yorsy and it was pritty gencrally held that, Wherd a apecial eharter stated that'the ofiice uf & bank or other institutlun wausto be at suchand suvh aplace it wonld be unsafe to have itamain oftice at any other place, Therefore, Mr, Haines \\"nn unable to make any useof thischarter nutil the PASSAGE OF TILE ACT OF MARCH 20,1872, providing . “for changing the names, for chnmflng the places . of husiness, for crensing or decreasing the caplial stod for nereasing or decreasing the number of Di rectors, and tor the consolidation of 'incorpurn- ted companles,” This bill had been Introducad In the early part of 1871 10r the spe.al purpose, as {twasthcnstated, of enabling somu of the Wil- mington Coual Comnpanies to chango thele names, The bill was under the charge ot Dantels, of Will County, o Wilmington hanker, who hul donie bushicess of old with the State Savings In- stinutlon, awd with whom Halnes was a:quatnt- ed. Il I belioved to nvo represented l’nhm' Interest as well as those of certaln Wilmington curporntions. “Chis bill, swhich had been dor- mant on the fles of the House of Representa- tives from the spring of 1871 until the fuli of that year, became of snecial Interest to Me. Haines, ainve, i€ pussed, it wonld enable him 1u buy tho Galeaburg ¢harter, chango the bang's naine, move it up here to Chicawro, and thus it It in Bis power to go into the bustiess of bank- Ing {n an ustitution of which he would Bave the supteme control, and where thete would be nono of those dlangreaments wBehi had osen- slonally murked *hts carcer while iu the State Saviugs. HIS DIOTHEIR, B. N, JTIJINES, was then amember of the [Towse from Lake County. At the time of the diilleulty beswe Gor. Palmer and the Chicaro authoritles, wro ing ont.of the shooting of Col. Groavenor aind the use of_ United States troops by Gion. Shel dan, Mr. Halues becamne wi carnest and v flinching sunporter af Gov, Paliner’s policy, nyd stood by him ‘without question to thie end of the conteat. | It wag not then genernlly known that the reason why he was so earnest in his advo- caey of Gov, Palnier's course was that be want- cd to make sure ol the approval of this bill for changing the names of corporatlons Wheu it had succeeded ln passing both Houses, Hu knew as well us anybody that Gov. Falmer would not he Influenced i approving a law which he be- leved to be wromr by tho fact that his tricuds wers fts supporters, bot ho did know that, it the tiovernor conalderad It wmerely ono of questionable pulldy, the fa e that Ita paagnga was desired by those who had sup- ported him mizht turn the seales. The bill was k:menl, with the emergency clause attachod, fn Turch, 1874 nud went to” the Uovernor, 1l i, [t Is belioved, havo tho improasion that it was a (questlonable sct,—not that there was any aoubt as to {ts constitutionality, but that possi- biy it might be used for Im{'mm:r HrposCs. 8tit, in view of the fact that Mr. E, I. Hafnes was atrongly in fuvor of it aud that Mr. B, M, Hatnes hind " strontly supportod him, the tov- ernor slgned It, amlit becamo a law. Ouno of the st to take advantage of Its provisions was Mr, Jobn C. Haines. B QUICK WORK. . The bl paascd, with tho emergency clausg attuched, March 20, 1872, and on. the 4t of Mr. Hatnes concluded ‘tho pirchase of tha Ualesbueg charter, . This was prompt work, 8- Mr. Hatnes had held. 200 odd shares of the stock of the State Bavings, Theso ho sold out lir danuary, 1872, at $200 n share. He had in clean cush botweon 840,000 and 230,000, which ho put into the new institution, The capital pur- vorts at present to-be $200,00¢, but no such amaont wWas ever pald in. The amount actually put in nruh-&:)lt{ does not exceed between $75,- and 805,000, [t 1#* not bLelloved that the stock held by Mossrs, Shufeldt, Toboy, Jared Gage, snid Judge Willlama was pald up fn full any more than Mr, Haloes', a TIE POUMAL PROCEEDINGS YOR CHANGING THB . NAMEB . of the corporation undur the now law ara as fol- lows, aa they appear on record in the Recorder's offive In thiscounty : Fuarmere® & llttflnn(_l%l‘ lSfltl'Wl Blank (Knox unty), This I8 o cortify that at (Ym annual meeting of the stockholdars of the Yurmers' & Mechaiics' Saving Haok of Knox County, hold at the office thoreof In tho City of Chicago April 10, 1874, ull tho stockholders Golng presunt, ‘1t was unanlmous- i veled that the hame of snld corporsiion bo changed to tho rouawlnf. tW-wit.: **The Fidelity Savings liank and Safo Doporitory,” ami that by that pamne and atyle sald corporation should bo heresftor known, ssld corporation bolng crented lb?un act ondtled nn **Aet to Incorporate the armers’ & Mechanica' Savings Tank of Knox Coanty, " Ulinole, approved Fely, 15, 1805, In witness whercof this cortificate’ i aigned b tho Drosident und Cashier, aml the: corporat sutl o4 safd corperation Is hereunto alixed this 10th day of Apell, 1872, Jonw C. HaixNes, Presidens, : Janko (laan, Cashier, Tho seals aflixed aro % ‘The Farmors’ & Mo~ chanics’ Savings Bank of Knox County,” and thu nroposed seal, ** The Fidelity Savings Bank and ¥afe Dopository, Incorporated Feb, 15, 1305, Biate uf Nlitnoss, Cook Countu, ae: John C, lnincs, Frosdent of the Farmers' & Mccuanler' Bavings Dank of Knox Count ed (o bo changed ta tha Videlity Having: a Depository, belng duly sworn, doth depose and say, that e facts sot furth In the foregolng coruau{n which Is subscribed by him, sud to which the cor- Jorsto scal of waid corporstiun fs aNizui, ls truo aa horein atated, Joirn C, 1TAIvER, The bank was now organlzed under {ts now natng, and ready for businces. 16 had futcrested i it besides Me, Halues, Jared (iage, who had beer with him In tho State Saviiegs, and who sold out his stock in that fustitution about this time; Judgo E. B, Williams, who it is nold drew up the by-laws of the lnstitution, Which are re- marksblo for the pow ers which they conler upon the Directors; [1, H, Bhufellt, 'a prminent distiller; and Mr, Toboy, of the furniture firm of Tobey & Co. The bank bmd guod counpe- tlons, aud Juwped quickly into au extensivo bushuss, bath couunnercial and deposit, BAD FINANCIERING, TUN FIRST UNWISH OPBUATION on a big scalo which the Fidefity dit wus to buy the Balety Deposit Vuults, which had been bullt by Me. Thomus B, Bryan. ‘This purchase was consummated on the 27th of April, 18T The bank pakd the sum of $30,000, and assumed ona . incwubrance of §13,139, which was the balanco of an Incumbrance of $13,139, created by a trast-deed dated Nov, 1, 1870, to Juhn 8 Gould, and also & mortgage to the Conuecticut Life- Insuranco Company on all of Lot 6 for $31,5.0. Mr. Bryan agreed to pay any other lncumbrance whidh jnight be found to exist. This incum- brance of $21,500 wus rescrved by the party of thosecond part from this cousotidation of incum- brances, and for Lhis the noteof the Fidelity was given to Mr. Bryan, payable Aug. 2, 1850, with interest al B per cent por sunum, payable scini- ancually, This purchase was unwize, because It was lavesting a great part of the capitat stock {u mumcthlng which could uot be realized upon, and also unwide becausuil the great deprecis- tion in value of that particular pece of propers tv. Those vaults could uow ba bullt for about £50,000. Thoso which weie constructed by the Stute Savings fustitutiouat & liter day’ cost 12t LAY then weat on and lockelt up 1 KX en weat on and locked up the rest of Iscupltd and sometiilug woro dn TILB BUILDING WILICH VT OCCUPIRS, This, bulldlug had been erected by Mr, Bryan duriug 1871 and was ready for ocvupation by May of the last-named vear. It wus sold by hlin Lo the Fldelivy for §81,000, the suin consist- lug of 42,000 pald direct to Mr. Bryan, and the assunptlon to the extent of $42,000 tore of & mortgage previonsly given by Mr. Bevan to e, Merpiweatber, Tuls hm})erly bLad a frontage of forty feet, belug pare of Lot @ of that block, aud thus, along with the Salety-Doposit Vaulss, which had 3 frontage of Lwenty fect, the Fidel- ity becamne the owaer of & sixty-foot fruat, for whi-h it paid, buildiugy toctuded, at the rate of $:,400 ver toot, By the statement of the Fidelity it is put down 23 having 214,000 fu this bauk builling. Thls represents the capital stock of $200,l, uud $10,000 addiclongl. But the capltal stock was only Lall pabt up, su that appaceatly nearly $100,000 ol the depositors® muney, or ol the sur- ,blus, Las roue futw the building. TikIS BUMPLLUS of 3102,000 was' created, It s understood. by (Contluucd on the Suveuth Lugey auking for it £10,000. fn April, 1572 after the REMEDIES, From the Hon, Thurlow m INDORSING Dr.RADWAY'SE. R, R, REMEDIEY Alter Usiag Thiem for Several Years, Nev Yonr, Jan.4, 1877.—Dran &in: PR LLE DR, iy Yins for ser. ater experiencing their eimency with T el bt {18 nn lewawiosura than & duty t Tharcrinien knowlenge the advantago we have dertved from norc | he pilis Are resorteil 1o AT 0ften as vocasion peorel® and wiways with th desired eifect. ‘Tha Jioatp s cANNOL bo briter descrided than It 1s Ny’ Jta pamel el sy e linimeat froneniiy &t {rele, alinme fovn: sy Anding the promied * rolle e o ava. Do, fanwar, Lot W RADWAY'S READY RELIGp Cures the Worst Pnins In from o Twenty Minutos, Beta INOT ONE EOUR Afiep reading thivadvertissment need any one soye, The Only Pain Remedy That {nstantly stopathe moat excruciat! R A i p I AR iniich, Lowels, o otlier gladd, o urgaan iy o NADWAY'Y K¥ 1A COTE HRE ISR SO nng [ » ph FROX ONF TO TWENTY MINUTES, No matter how viulent of exeructating tha pal MCATIC, Tod-filidon, nfrnt, Cronied, Gary 18 uralgic, ur prostratad wiih discase may samer" i RADWAY'S READY RELIER . ‘WILL AFFORD INSTANT EASE. Inflammation of the Kidneys, 1nflammntion of the Bladder, Inflammation of the Bowels, Congestlon of tho Lunas, Bore Throat, Dunuult.n\‘ulhlu, Talpitation of the Heart, Hystorics, Croup, Diphthoris, Catarrh, Influonsa, v » Headnche, Toothache, Nouralgin, Rheumatism, ¥ Cold Chills, Agde Caills, Chilblains, and Froat Dites, Ileatton of the RR. ELIE! yaris iers the Salior dibeany e Siipepar e T g, Boe Sarsier it kot “iors anon il RIwRyA carTy & GOIEIO O Tt BEANY IRLIEE With thome? A few drons o cured will prevent alckness e pain frOm chAnRo of water s At bolswr 1han Freuvh Uraudy or BItisTaas a simujant FEVER AND AGUE. FEVER AXD AGUF e PR A R ok S T ot ocher Fepers aia biow LA A Yot e, Al O¢ P Fepera s b PAGHERSRA e e ] roquick ag RA Dorbostie. HEALTH! BEADTY. Btrong and_pure Ttich Tiood—t bl -lcnu-cf i bilnsod eanire] Compipclimerand ,DR‘ RADWAY'S Sarsaparillian Resolvent has mada tho most astontshing curess o quick, sorpld aru the changes the hudy unidergocs under tho lalucucs of thia truly 'lamlerlulvluvulh:llfl, thak Every Day an Inercase In Flesh and Welght is Scen and Felt, THE GREAT BLOOD PURIFIER. Erery drop of the Sarsaparillan Tesorzent commant cates through the Iiood, bwent, Urine, nd other fulds #ad Jutcos of tho wystam;phe visur of Jife, for It prepares thu wastes of the oly W1t new and sound nisterlal. Serofnla. Syphilita, Consumption, Glanduiar Discase, Ulcers in thie Throat, Mouil, Tumora, Nodes in the T8 D atem, sore Eyes, slrums orous Discharies froni the Lark and the worst Tormaot Skin {iscuscs, Erupitons, Fover Hores, beatd Mead, lting Worm, Sait {hwupi, krysipelasvAcme, Dlack Worig In the & mors.: Cancers n Hie and sll wastes of thu Iifo prinetyle, are winifis i peitent, dafly becoming reduced by the wastes sna decBiiponiton {:"n"' m‘fwuunnflnny Frogee c n ng these wastes, and Fepairs the St Row macerial mada trom. Leaithy | bloou-—ai thu Barvaparilifan will and docs secure~s curd ls cor- tain: for \when oiice thia remely comtaece its wirk of succeeds in " diuiniahing the lose of Wastes, 1ta ruinire will, be rapid, and every doy the witent wiil feal himeci? atronger, the food-digrating bestar. appetiie Impraviog, and flesh sad welgntia- Not only does the Ilml‘rlllllr Ttesglvent excel all remedial swanta in thu cure of Lhronle, Kerofulons Conatitutlonal end Bkin discases, but I¢ 18 the un)y pos Hiive cuse for , 3 Kidney and Bl.ndder Cotaplainte, Urinary 804 Womb Disonacs, Gravel, Disbetes, Droneg, Eihonga ot Waters acontineae of- piners Db Diteas. ATbuminurin, and 1o All caxcs whrd ther ar brick-dust depastia, or Lha water je thick, cloudy, mizad with satmiances like the whits ufan egg, or thresdalize white s}k, or thers is 8.morbld, dark Ulllons BTkl e Leabesion” u e st e rager: o4 D e oy g eyl Pasiag wrale Tumor of Twolvo Years' Growth Cured by Radway’s Resolvent D, Itapwavr—l have had Ovartan Tumor in tbe ovi 11 the ductors \n’fd ** there wa nohelp for (L. T tried everyihing that was recom: meadad, bugnothing holped me, Taaw yun itesolr st sadthotkht | wouldtry it bt bad o fu h-mnr 10 g. nor felt, and 1 feel fl:{"l aniarter, aprier thaa Thuve for twelve years. Tho worst tinoy woie D Yon for \he Btens ot uiberes o e Tt fon"eloded e PR A T PRICE, - =~ 81 Por Bottlo AN IMPORTANT LETTER. Ax . ApH1 30, 1R73. ~Di. RADWaT= i v '.‘..,‘fi".'.u‘:} ) oy s ;{‘,';, gt ating 1'(1ls, and wiso using the e year for ovarian tumiore va the shdowen, wiil: fnent I'Lt‘v‘l:hnl of our Medlcal Collegs i ncurably. o 1o Knots on & tree. My welght was 773 d sid tén paiunds, but they are ik 4 e twouty-four battles uf ' of Huliel, andtwenty-four botties nlJ»fin luot ma‘m.uu'!_cllmn lnu;l 6. Greavill, Please seod me eur bovk ** and True, ™ ¥ MBS, C. KRAPY. Auother Lotter from Mrs, C. Krapl De. RADWAY=Rind Firs T take the liberty ta addrest you sgain, My liesith s greatly [niproved by the utco! your wedlcines, “Thrce 0f the tumurs arc ent Bupe au the foartl 1s nuarly w. Dropay la gone, sull tuproving. and ny welilit decruasing very faat. | Bave had 8 great many calls this sawmer to_fnduire of the wanderful cure your incdicine has done for iné, 008 fiom Ohio, ono frum Canada, threo from Jackiva, sud Sulie u puiber fromm thle piacs. Ygurs witl reapc HAPE. Wo arg well acquatated with Mra kfaif. she extlinable Judys i very beasvoleht, “Sb hoa been b :ll!mul 0g niauy bottes of tha esolvant by (b8 ruxaisls uf Aun Arbor, Lo persons aflicied with [pier tnre. Wefiare heard of some woaderful curcs brit Yo aul efccte ure respectully, BERBACH & CO Ann Arbor, Mich., Aug. 18, 1875, ——————— DR. RADWAY'’S REGULATING PILLS! coated with swhet guids oA A s by fl:“. wur's Viile, Tor the cure of_ sil'dlaopders of L Slui s, Liver, Bowels, Ktiney, Biadder, Norvius, 040 eascs, Hvadacha, Constipativo, € 5 poliy: tlun," Dyspepels.’ Dilloustieas, Billous Fever, 1uiawy utlou Of the Howehi, Piles, aud all derungimetsy b ltceus) viscers, Warrdoled 10 efivcl s uaiiire S o e L’%‘..‘J."fn’.‘.f;““‘“’"'“‘ BapEnlh AN 0 Loscrye the followlug symptoms resultiog from Disurders of i Dlgestive Orgaus: Dload 18 Coustipuiion inwers Wlied Fullgess of the Dl the heads Acidicy of tne Siyiach, Nauscs Hcaribury Disguat of uliueus of welght ot the Sleiztcy our Fruptions. Sinkiuke sud fuGierisis (0180 it s wiacl, Bwimning of the licad Hurricd by t Brentbiog, Fluttering st i eart, Cl ‘)"‘nv and Sugacating keiisatson Whet tu a Iying bosture IS Bussof Viston, ots or Webs befure tie BIELY e ‘p% Dull pali o the Hsad, Dugciensg of, Sumlratisss \Howntae iy sl 'rfia': (tades uoh B e $ il s o 1ftat buruak of Badway's Piils wilt free the sygem o deonderd. Frice, 28 cxus 5 dixh. (i al) The Abor b Vet dox. Bold by Druiiats. READ FALSE AND TRUE. 1 stamp 1o EADWAY & CO., Ko, 13 York. | Luiurizatjon wort I