Newspapers / Daily Sentinel (Raleigh, N.C.) / Nov. 30, 1868, edition 1 / Page 1
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M.i .tie 4 ... '' V. ,. ! ,tU-l evil 1 JtA tl4 , ' Uik'f j 'VWt. .- tm l.a -)'" o rt V" MuUtaHsml av iie:i t,tv i n f: --.J rq ' fc4M--r,,(r1 al JB3 4?!J: . t natf-i n bR ul i.a& ?t3 MS1 , NO. 03. 1 I - II if -'.(IS III .-".' - A .. W A . II I V -X" - , ' - ' a V y A iiulfl!-'l ti 5- ... .';.ro-ViiE puoua pohK .oX J4 tefwil pcprrtof th State, of . JL Y. McAdea, aq porportiof 4 b . rj to bmu iuiiM kn MfcMt I M iWBih'n W North- Cuvlin to (o f Cat BankraMrw IM lorwt M uico wnioa eompeiiea hi Diracnra lo te -that coarse; aod, ia mj t plj J ahalMiot W, diverted front taa UtM ' . woe, 47 tbapaia ot bia "adrartiaatMat." M fcaoUMLaM im pvtxis an all boc Da ialad by tb naa collateral Matter which ha baa iatradueed, aot lor Um parpoaa- at TiDdicattoB, but ( f ntlog aa odioa ptaatttM Dhwetora, oder abalter of which ka horn to find aala retreat. tmm fW ar4,-iabtUaed la tba &aiMW of nth. inattnL i sutea, ia auuaUooa, a loir AThiUrMl iMreetArt of tba Bank bad. for eoaaiderable time before tba meeting of tbe stock holdera in June last, ta eoatemplatio -tt lUttldcutluibtttty to redeem its debts , at par, adopkd the policy of paying to U ,. creiiitoia a acaoiu sum, wuwa . w liered to be witbin lt certain, arailabU taeaaa, to pay si its oatataoding liaMlitiea, and after wards to distribute among tbem ggsatjaejst afjMaviwwight perchaace lurther realiEe ropn iu doubUul aesett. I Thus by wy ofinu(rtfutloBk It the Ba.uk paid to any credijtw6S en,iB the dollar, such credi to would be eatitlod. after piytac all ether rediton a lika m, to a pr rata ihara of astctta o band ia the Boat duuibauoa. The DUeetors -wre induced to pareae this eourae, as aa act ef equal justice to ail, aad tbey refrained lrotn going into Bankruptcy, baoanaa they beliered thut the aesetts atlbe Bank eould be, and wtold be, more ecoooov JcaHj and Joatly affajlnistered by tbe eorpo Tratioarf thda by so Jjulgeee in Bankruptcy. t ritateil (bat it (fie' meeting ia June laat, while Kr. McAdea was present, this policy was aanonaeed aa hiring been for some time peat, aad would be lor the future, the settled course of the Bn, and, there being ae dissent expressed, it waa regarded as ..having jnet tha apprTa.l. aad ineuaetioa of th BtockhoWbrB? v I stated lurther In my card, In substance, . end I now. repeat the . statement, that I Bdfet&ISt'M H he "Stockholders boaorably bound to allow tha Bank to carry out this policy, and that notwithstanding Mr. Mo Aden's DreBoe.ejid presumed scqaies- ' Jenca, be had endea wired to thwart and do- "Jeaa tbe policy f the Bank, and monopo- eahe SnTniTss shinr of it aseetts, by resort ing to th stratagem of getting iu notes, transferring tbem into tbe hands of brokers IfLjJJftir.Toik, d procariag aa attach - city of Now Yqrk, to be taken out Jo , the nTrtM f ffcttt Wokert, they being residenu Ol Jew Xwlt,Wtt Leonid not bring an raltaehmont in hi own aaone. a fhe Bank; tipnn' information of this pro !fceecrifc;, mad erery honorable effort to in .toOit. McAda to withdraw his suit, satad u'hj at himself the line of policy. erbich4i at Stockholder bad endorsed a "per to be pursued by tbe Bank. Tbeea "ilToriS were oootinaed until tbe hour ap piaahsX whoa 4he Bank, as the most' oer eiariieansr' M 'detesting bis plans, was obliged to go in !o bankrupioy. This was the conrse which the Ditee noWSfere'sdvUctTto pursue by theil mmet nt W T Tork. , If tbil aball: occmV.Jhi policy t the Bank Will b earned oat as nearly as possible if . it shall but aacfeeed, tbe Directors will bate doa kll that they eould to make a jv rata Ustnludoa-AtUha only Bank in tbe State, aintaahirai ihrlft-irtrh-'-1" are not indi TidiiallT bound, Jo case l a dtflciency of lasetts. . T'N !i iTbesihUsieite ardhw Dot been answered by Mr. McAdea. He has adopted tbe plaa of the scnttle-flsh to make hta saeapaV-'He bit muddied . the wstcn Bjrtithe ptifposd" of, Concealing bimsel. ThiS is so apparent, that I might well de cline to- mjtjcs shi.7,aer$liinml" 5 an further s WssaBaifaassalhj(l, as ! well as that oi th Director. 1 am veoled be shall not have tba benefit of the ob aoarity and confusion, -which he basMOKht , to create' tor' his rsSnsk aecSrity, snd. I hait proceed to' answer erery charge which can aAV me, or the Directors, as honorable . mea-remising, hower, before I do so, that if tba Dieectors hare been guilty of sc much iorruption aod malfeasance in tbe dischatse ot flleir duties, as alleged by Mr, McAdea, it is hnsooounuble and indefcaei Usia him, that ba baa permitted it to sleep for. so lei:g period of time, sad has only become raa informer for th publie good, whea ba was threatened with - a loss ot the fruits of his attempt to get aa nndue adranU&o orer other creditors of the Bank. Many, k not all,of his clmrgesare alleged to hare existed far a considerable time fust, end before the Jest anounl meeting of the , BtockhoUlers V June, and must bre btea aa well known, to him then a tbey are now. It is therefore inexplicable, why at that meeting, int&"l of Toting aa be did tor tbe . .'same board of .Directors, Tie did. not prefer charges: or make inquiries into all these mat: erica criminal maladministration 4a th affairs ot the Bank, which bs proteases tow so fiiy&te ' nJ 0 bitterly de . aouocea. r'!r f 5"'.V r f Bnt.J proeeM' W' hbtice (be charges ' Cgalnst' the Director f sod ' myseif, In liis "drerHnent:fw aSorvOM M .-4 ' 1st. I did 'state to the Bieotiog that a eonaiderabl portioB b speci ot tb ; Buck bid Wo conrerted into United States Bonds, -an that tltj reason Ibertf. - was to iocreate lli runds 'of the Bank by aeerning interest. did not exhibit any : writtea refort ofthe condition of tbe Bank, bjrtTt-lfdlUfl amount of iu aseetts certain, ' aba eggresste of its discounted dbt and tbe fmbaoilh." if co!ctiou, and illustrated tbeae probabilities by referenceto tbeeoadi- Aioa of Its debtors ia otrtaie localities. ' : ' Xnd. I am charged with ignorance or coi mptlnn, I know ao wbfch, in remitting - ijuld to Im;w Toik. tnr sale and inrestmeat ' M t ' ivitii Hi. McAden, rold is f t'n cr,t boa ibaa inifew York. ' ii t answer to this is simp'y tbst it is new e.,tht juckeeJuJaiJBn or is th case it is notorious, that gold e aiwsrs. tiife nr four cents ia the highcr .ia 2X-Xoxk, tbaaitdues that every one who butt a United htre end I States , bond ptg it thenperia Wall SLreet USaa be I rd. I am rhurjre.l, pminatly, yvith neg- sees " i 1 tiie. bonus, puujaaed.ia) I . Kew Yerk, to mail, for mo tba, hi- !New York, Mabieto attachments, and, this, too, after I had beta warned by , aa -aUempt, once betore, to attatih.tba faada of th Baak there. ... . '' -i ; My answer to (hit is purely personal was not aware of such aa attempt, and II ber be any faali is this, I, aloaA, am rw sponsible; aad my-defence is. that I felt a cur against the betrayal of)! secret,; and Certainly agiiaat tU. Juaa ,uf Its kaOwW. edge, by a stockholder. . hewover be toay h eUaiaed it, nntll Mr. McAdea Usgbt aa my folly. .1 ertainly eraaltLaot repeat it, ia any Company ia which he was my aaociate stockh 4dr. J . -;4t1l. Th inalnaatioal that the boudi wer left i New York to .ba .attached tor th beaeflt of my friends or any other par, aoa.is purely gratnjtem, and, 1t triftt, would place me ia the degraded, oMiUtuj of lib creatar ho enuld, hm eaiuced to betray tha interests and hoaor o a eorSoration of which ba was a member. I HSth. The charge that tba Bank ol Nrth Carolina ha been hard npoa itoHlebtors, is Utterly without foundation, sj trery Direo tor can well attest, end erery flebtorcaa bearwttBe, - If this were o why did not Mr. McAden raise his merciful roice ia the council ot Stockholder against the eroelty of pushing debtors t I do not heliere ihers ia a eeit i thd-gfxfh ?odicit District brought by this Bank. I eertainty nerer heard of a wit made by thii Bank. I an swer not for others. : , 9'h. I am charged with baring employed Mr. McAdea as my agent to make "raids' on Other banks in tbe State, and be asserts tbat he and I "hare been together In these raids, band and glore," and that"! bar stood ia tbe background , and shared the VI gotten faint," and be says if "I deny this, M YancejfiUemd Wedesuor speak." ' To this I answer, I em utterly ancoa (chrus of baring employed Mr. MoAden to do any dirty or unfeeling work, and of pot ting him in tbe foreground, while I stood in tbe background, and shared the "iff petU ". For mrself I ar( I nerer had anr such Nsuees to doi aaf until tnia statement from him. I did not suud that Mr. kMo- Adeo ooukl bar beea ein4oye4 to dotucfa busineoa. He gires bimaelt the character of a guilty maa who turns State witness to saek faror. I beg leave to relieve him of each odium "The buiioess be did as my agent, appointed throogh Tboinaa Dewey, Eq., was not a dirty work. I k no not ine means ns may nan ,. tne oust' neat itself waa honest, and my part ot It was undertaken under a sense of duty. It was this: Tha Bank ofYanoswUl being insolvent, went into liquidation and sur rendered its aeaette for tbe payment of Its debt. Tbe Bank of North Carolina held aome of its nous, as did Mr. McAden. I was informed tbat he iu irnlnir to Yaneer- rllle to receive hi ahar of the ,asett IbeO to be distributed,' and tbat he offered to perform the like aeivioe for th Bank of North Carolina.' His offer was accepted he received the notes front Mr. 'Thomas Dewoy. and discbtrmd htadntieaivar astliaowyacccptoblr to all parties, -I was not aware, until he published iLfhit this mode ol proceeding wst called a "raid." or that be bad ever acted tbe part . of a "raider." Aad now let Wadeeboro speak. I bad nothing to do with Mr. McAden ia bit transactions with this litok. Jlr. Thomas Dewey Informed m that , b was going to Psdesboro' to get paid certain note of that Bank which he held, aod of fered to take for collection the notas of the same Bank which wtr held by th Bask of North Cxoliaa, aad which had been taken Jj th Bank at par in payment ot debt do . . . n . , it . i . - t lb . i DSMsaaia aera issb tor a smg time. hoDinc to .exchange tbem for. its own notes, in which we had been disappointed. aad I gladty srailed tnytelf of the offer ot Mr. Dewey, surrenderM Aim th notes, Bs- inrf no price for them, wor siting him any instrnctiona, but leaving th 'whole matter to his discretion. What agency Me. Mo Aden had ia this "raid.M know not,' So much fu the raid ow Wadeeboro. u--' , , 7th. Mr. MoAden ways tbatk to Mr, Mordscai's statement about compromises, this he has misrepresented. Fortunately ' lor me all th proposition for compromise , wer submitted ia fritinf," aad he calls apoo m to publish tkm ' I coolest mraeir at loss to understand as to what compromises be alludes but presume it'i th oifers ? aoenpnwnian' hi claim. If so,I reply thai no itttert sver passed bstweea him and myself on thitsabjeet, tba whole aegotiatliNs. ha vlngt beea Miffed, on through Mr. 'Thomas Dewey. If Mr.' Mo. Aden deems ltuseiul to hi defence -or as sault on m to have published th letter and memorandum of Mr'Dewevoa this sub ject, I will gladly furnish him with aopie ol all that are ia my possession.-! m 8th. Mr. McAdea seks why ''I was to patriotlo a to vest to much of , 4b Stock holders' money in worthies paper, aad so cartful not to invest my own raeaas la tbe asm way." Tbit charge l purely gratui tous. While I dislike to parade my owa losses before the public I can truly say that, in proportion to my means, my inrestmeat in this "worthiest paper" war much hrrger. and my losses, of course, much heavier.! Uaa tboae of tbe Hint inoeea, 1 xio aw re member sn initaoc ia which Investments wore mnde bv the Bank ia Con led erst se curities, as a matter oi choice. When largo amounts of Coaiederat Treasury aoteawera anrninu! arnd Viv the navment oi debts.1 sad receipKrf deposits from tba Stat sol tbe neoule. ia that eurreoeT. nod no other prof ItaU as eould be made of them, they wer eenvcrted into interest bearing bonda or eren-tbirry antes, and thus t large amount of then came into ' the' bands ot the Bank. Too earn may bs said with rrgsid to th repudiated bond of th Stats of North Carolina these were received its erchsmr tor, (but hot in payment of,) fortei mad to Mr. Treasurer Coortt, who, if called open, will with wbat reluctance these loan were made, and only In respooss to his repeated and most argent apeslt Wbea tba srar closed, th Btok had, count ing the bonds as as-tta, aad Its diseoaat d notes, an abundance to pay all its liabilities nod stock, "ftor rl log th debt discounted la Confederal cor-reacy-rHwd, bat for the repudiation of th Statey' bonds, and the insolvency of th people, th Bank would have been able to joee its business without root to creditors aad left something for tbe stockholder. " th. I am asked "why th tpecie of th Bank was not told st the close ot th war, wbea gold was worth 90 per sent premium, and invested in bond then worth par T This qnestion is but another instance ot Mr. McAden 's ignorance of matters,' of which he proteases to treat, with SB sir of, confident ieowM j ' - s; ; Th answer is : 1st The ,. BoV was not allowed to do any business, whatever, ontil th ProrUicoaJ govern uunt was celaUiab- ' at a toss pretntum, and Foiled State bond war higher, Tbe Bank, by a atdinaao of that date, war allowed! to aavartinto National carreaoy av saach of their Specie as they shaH daam adtiaaUa. u : $ '- 4th. After tbia, for a eoasiderable Sraetbe ftaaaoiai affair at tba aouatry wer ia each a precarious condition, that tbe Direc tors did not deem it safe, till laielj. to hang any large afqaaautoa sweet for ear reacyj. 11 thi ooarse waa k fault, why did sot Mr.- McAdTT. at a atockholder. aotic. saasseK to-corrciiti ,t , j IsHl bb TK TltravlAlw asasm aaaaiiaa,lle aa atartieg S Natioaal Baak with th aamtt of vkiw.. t arwa. w a,uansiv- m UV aha iUuk of North Caroliaa.aod tbia h pre. Jerrea a Charge of Celmqaency la duty I ,Tbe .Director were'ofikwes wboasa 4o ad' mrahtter tbe atrilrt oT a Baak of florth Car oliaa, aodtHrt rhoseof a Baak ef th Cat tod SttteCT.They had bo right or power to aaaul their charter, and, ta defiant of Its proTiaioos, Create a new Bank. ..Any sock attempt oa their part, would bar be) ille gal and. 4Uaboat, s Ther were not bold eaoogh to attempt such thing, "i Whether U was aptdunt to an era ft National Bank. OB th ruin of 4b Baak aw North Caroliaa, waa a questioa tor tbe Stockholder; and not tar w Difefort, to detemhi. Theyaever eonaideattu ! their anaual meetln If tt fa tault 'hat this was not (leaded br me, my spology Is that I could nerer see bow such scheme could bare beea aucoeaafuL In October, 15, ' the Ooa veatioa tvtmdiated all the bonds of the Stat held ' by tbe Bank, ' and thereby . . i n , i. ... awaj. srruca irom sua oaa ihsui si oaosf iuu, 000.- This stroks osured beyond a doabt th attor Insolvency of the Bint Now bow a 'corporation, hopelessly insolvent, could, tinder th law of Congrassv nndor take tbe business of tioqat Bank, apoo aseetts short of iolvenoy by several tbuo- dred Ibousand dullsra, - and whoaiicula tioa was mar tba three times the- amount of its speeie, was nerer witbia th mop ot my ooen prehension, and ' without Duullaa myself with aa iBsolvable enigma, I thnaglit with tbe Directory, that , th i raataiaiDg 4wok teu ougnt in noneety to d eppro priated towards its debts, ia the same way that aa h oo eat broken maa should apply the remnant of his loituaeA th mtymeot ot his debts, aad aot iarast tbem out of tha reach of biseretfltore. by embarking ia aew peatioa. . . J 'i' f 1 . Beside, by thaordiaanea of Jnne, 1S68, il ia tpressly provided "that th funds triittltttttd tor specie shall not be used otherwise (baa the specio iUelf ooald be uaed under tbsir oharter aad th - assign, meets mad under the let act enabling to banks of tbe State to close their bnsiaeta." Bat sufficient snd complete awer ' to (hi ohsrg, ia that ia aa tiugle iotUnc ha a Bank ot circulation in the South attempt ed to organise under me national Baak system, simply because it was utterly lm prsftteabia. 11th. I am charged with favoring some oi my inenat Dy aepasiUng with tbem geld to o neia witnout lotorest. Th manner of Mating tbi fully ilia she utter rerilissnei with .whwh Mf. UcAdea makes his ebanre. He knet that thei depoaitt of ooin were made to enable th .Bank' tor redeem its not aad not for th private benefit cf the Depositee. Tbey were John O. William ft Co., of Kalelgb, Thomas W. Dawey Co (composed of Thomas W. Dewey and Ueorge W. Swepsoa,) of Charlotte, P. A. Wiley A Co., of t ayettevllle, of whioh Jno. G. Williams was the other partner, and Edward Cohen, of Richmond, V. tad, du ring th year preceding the bankruptcy at toe o&ot, is HaieigB Matioaal Bank. Bi log genera dealer in all kinds, 1. Btak notoa, they wers turnisbed with a reason ble amount ot funds to redeem the of (hi Baofe .5?i. Jjw.h -t iscn. T tie i;irectr or , th Bank r charged with pajlng to the Bank of tbe State ot North Carolina. $80,000, at par. Which was held U feiurul deposit, whil they reiuaed to pay other 'depositor mors tasa aa cents at tne aoiiar. , , . I Th answer to this cbarg it! Uiat both Bank being kept In the same house and turir busiaes maasged by the tame offlcors. the reoeptioa ol the fund of tbe Bank f .th Stato was always regarded as a receipt lr to special as ot mat bsok, aad in ao manner asm property or the Bank" of Aorta wroiiBV' .lueysiBierw regarded as a trust fund, for th redemption- of 'tbe aotatottb Btokat th that or North Osrolin, and were ecmstiBtly s applied aad when it becnm necessaty to saver the Oonneotioa between tbe two 'BV, 'th balanoa of these fund wer limply banded over by on Bank to th other. viat ... ; 13th. Mr. McAden says that seme parties bar boo) f lid par tot claims apJnst tht Bank. ' ..'.-'.- .,1, -vi ,ij & My answer to thl eharg ia, tbst it i wholly aatrue." ta no instance ba the President or any other offloet of the; Bank, yfcbje. knowledge, toting irf ti oiBcUl ca pacity, or as ageat fjr th Btek, paid mors than 59 cent ia the dollar, in currency tor th simple reason that by doing so, ia a single iostaoos, aod to any amnant, ft mat rat not how small, th Bank would bar beea subjected to th payment of a like ansoaat to thaw not holders withwhom previse empromise bd bee . mad. Tbia was ever earstuily guarded against, If, ia aay iastaoee, any pcraoa obtoiaod par for it notes, it was aot a transact loa at th Bank. - Utht At to th Ml of the Banking boots aad lot In BaWigh, by ;tb Bank of the State of North s Carolina to th Bank of North Carolina, it was sold bectuse the charter of . th former Bank (barf expired aad ttwa deemed expedient to convert, as rapidly as coerenient, its real estato into money. Th latter Bank required a Bink tog house ia which to conduct Jt affair, id as a retidenee for it Cashier. . The property was put up at publie saetiow, and, alter two or three bids, was prcbed by th Bank of North Carolina, at 11,025. Tb! wa not deemed aa aaliir prtea, aad it is believed th property would bring that sum, if old bow. Tb pnrchaa wss mad with a eipectatl'in that tbe house would b occupied lor several yean, la tb grsd nsJ winding ap of its buwnesa, snd tht la ter est oa tb pries, it wss calculated, would b bms tba tbe ret of a uitabU burbling. Tb Bank, at tbat time, had M xpocttioa of being drirea into bankruptcy. - . . 15th. It ia true, as cbsrged, tbst during a portio of tb tioa, say noes lUh. Sept, JSflC, th Directors bare sllowed to them elvM small compensation, ' (tbre dol lar a day wbii actually employed la at teniling tb meetings) fe their services. After tbe Bsak became hopeleas'y insolvent and the Stockholder could evidently hsvs Be pecuniary interest in tb management, bad it busiaes was eonrlactad bnt for the benefit of tbe creditor, and to w ind it op. It was deemed but fair to eompeneato thur ether wis uorwaru8 labura. Tb boti- aet aeldam required meetln j nd ' a aa- BBotary meoung wer ever callea, ua latornag to tt. miaatea w fad that, fi Uth. Sept. 1S, wbea theonlerfhr the ah- lowane was made, up to J7th. Oct IMS, w hen tb last uesting waa hold, tart bar bee la all twenty ateetiag aad th per diem ha amounted to th enormous ana of ISIt.1 1 regard to the officers, th Bank baa a rruuuent and Csshie at Raleigh aad (or time a Cashier at Charlotte. It bad a Attorney sIm, the other br Debet aad agewcie baring been long aiuc dUootr unuea ana toe agoau reoniviag tor thetr eompeoaauoa only a paroeatag oa ' oolleouona. ( ' r. ' 16th.' A 'S Vi eliarjr that after plying Wjaallsniilf wouii gay lue cia luis ai'aiust the Tl 1 v ' V.. . . . nana, t, wisnoiiaemsMwiDBg tn diook Hol der, by Toluntary petitioa, plaoad th Baak law joanarupicy, - am at a tos to know to wblMr. alcAdaa rsler t 1st. I had a mim against tb Bnk except mr my 1ry and I am not aware that any of my frisads naa any. very lew or tba Uinctora keid note of tb Bank, aad aeh -at did, long bet or th Bankrupt, either surrendered them absolutely, oa receiving tb urrt p riots, or receirsd th asm parotag a ouer awnaouiar wita a itk anderttaad ing with tb. " , d. The Director hoped, up to almost tbe last day of tha tim allot tod for tb Btak to go into Bankruptcy, thst Mr. McAdea would llttea to the sollcltatlont ol coin pro. mlslng hit claim npon tb tam bans a had other, etpecially a b knew (a b now sayt) that th eonarqueao vould be to lax th Stockholder with Mormoua fee for Hilgsee and attorneys, amoanting to 130,000 or $40,000, aad to throw these fe into th haadi the same parties n ho ksve grown fat oa tb Bank line th turreadw. If Mr. McAdea fonnw the "result, thsn th sols qneeUoa betweea th Bank and Mr. McAdea is, who has bee the greatest to to tb Stockholder, Mr. McAden, by torciag th Bank Into bankruptcy, or th Baak, by allowing itself to h forced t The dooisioa ot this questioa I cheerfully submit to all BoaeainMa. it is true th Stockholder war not called to determine whether th Bank shoald to into banknotes. Ia the f rat plana, there w aot Mm loft to do tbia, after tba tailor of our effort to oompr ml. Ia th aeeood place, th Directors felt ratisaed that it was not atotorial to tb Stockholder how th Bank waa wound an. 0 it wss don honestly and whit hs would nav aroiaea tb oonstqueau ot a rapid winding up to a riistrsassd aommsnlty, h would bar beea uawilliag that Mr. Mo Aden, a Stockholder, should recaiv. bv a short cut, ta unjust tdvantag erer all ota er ereditora. Ia tb third ptaoa, tb Dir tor deemed that th xroiw of th power waa both legitimate and orgeat, and if H wa not legitimate. Mr. McAdea can defeat th bankruptcy by opposing it. The eoars pursued met the unanimous approval ol all th Director, both State .and Individual, after several discuMluos' st several maotiag, at which th Treasurer of th Stat was present, and fully ooocurred. . : - mh, any lsiKi' rati meeting of intotockaoiaerujorjlr. McAdea' gruuc Doe not Mr. McAden know that f am aa longer President, and tbat mr Dower to Mil a meeting ot tb Stockholder baa utterly oeaeea 1 a Dare no mors power to do to than be has. .v-v;:..., - , Mr. McAden has. however, hr aonsent tbat inch a meeting shall assemble st tb utual place, aad. a I bar noeoncealmenti to mak. I will meet it tad antwer it aa- quines a if I wet still Preaideot. 18. As to thschart thst tb sam tmrtira who had wared aad aquiaderad th fu"s of tb Baak, would seek to control th so- pointment of assignee, to th and that tbey migas sun luriuer jtttun wt hi mu I reply that a my purnoa has aver been to administer tb asset ta h on eat I v and aeo. aomiaally, tb only influeno 1 ball at tempt w exert, will b to prevent tba ap Klntmont a assignee ol such persons at v been aawlUing to hr pre rata the sett of tb Bonk, while it wa oat of Bankruptcy, snd whose Interests ar direst. ly antagonistic to toot of th general crdU rora. " ' ... r -1 submit to Mr. McAdea to leooaotu th going into bankruptcy,- whereby all th fund, ar removed from tb control, power ana opposition or tb president ana Dirse ton, with the Inct that, by remaining ia power, mi rrosUMtt nad uiraator eould still bar 1 panned, namotsted, tb waste ful and oorruot Dractlcas eharirad a ooa them, and grown stUl fatter upon th asset ta oi to JanBVinil.w How many such Mcrifloet hat Mr. McAdea ever made I , ' , f This ootumiinicatiofl bu been prolootred to a greater extent than aoald hav beea wihed, but I liars answered the maoy ttoubdlew charge aa brUfly a I aeald, to be undentood. I bar tan com eel lad to omit senile matter of dsfeao which a aot her time may afford at aa opportuaity to bring forward. -r-1- "- -', . And in oooclnsirm I sav for myself aad my associates ia tb Directory, thst weeewrt snd hav always been readr aad . willioat to hare, a toll Investigation into my and their official conduct. -X , OEO. W.,MOBDECAt i Staadard eoof St and aead hill to this offlo. ,;r..'; . ; . 1USCZL1AIE0U1 Da. r. ji. HATtrooD, ir, I FFEBfl hb Prorssaio J serrtos to tks ' aens of Halcbrh aad ISO earraandmg OFFICE ia tha raar al' tha saaidaM W u. Fab. 1. Haywood, eppoau tee frssbrtotlaa Cbnreb. Oct 1-tos gOLl LXATHE2 T&VIZ8, BOLt IXkTBXa TALIAES, v ' LX ITQf B TBATELIVa BAOa The best avalitr east Umat varktr ia tha Cil. eaa be toand at ' , .11 a B. ANDREWS CO'h, ; n tiCaTTUaTKV'a Pt7UlTim ftvOatatL i"-a , mm, com fto a " JB. If. LEE,'.V. t'V- . . (tastof Chawal But, X. C.) ' ' Tasilonabl Boot hnl fihoa Klar aaoo evaa 4 a. botsrs onaraoi moans, . f-i TITTSVILLE BTRKET, ' ,.i Ma.Btaiaa, n x, ;' HAS JTSTT BECKITED easwrnny atse st k oT tks lacat LaatlMr aod la anfnrad ! stake all bad of eaUi I'lyrk at nasinaUa Brine, aad sstaisslftiuy aiu a snare of to pubtie patraiaara. rlartef M years erpnriatMis la ibabmniaa sod hata aaiat4 onlr by Srnt ekaas warknaa. heiaeoatilant tbat nit work f Stoat nana, durability aad qaalitr af saaasrial, eao aot be enraaessA atsaair tag 4ane an toe bast Ootl7-as" ' w-'iT'rvrr-r-ry ii4-. sib ,.! a.4 ASSJETS, -.t H K'H'f u tio, oio,ooa .... Ut Mm t ..i ? VIM ! rf.trryJ am. IUea.V 1 t UabUltlc. .,.1 . Fw. Whel IJm Pntlele. ..; neeeaa. Aadowsaent robot, tbr t Hsm'iw! " ' 1 f t I t. ,- tmmmm WUI b (rente at aB are frsm atteea la sf itv ran. t.r f V'.HS ni. .iti ' i j MTXk Lira I!f StJSIJtOK OOmSt has mum- 4 i.t ! .!' VUiV sMtvaUrf t t Tana - . ttr- CK'zH band, Urata V. Baa Mo. of said fuller TM. j Mmbm W tblpniitjaarinat in uttiki tvm an jsnn repo wtAfgl.'?. 7. h tosnUoaad another "'I tl ha." sa'4 f oUry, S Iltl J! - I IW Jli ! 1H4 4 rVll Oi !! mm M.SWt.uV ."' .i I....: 'V I.r ' S&.IIH1. ..Ulkia i;.,.llrl. tm h .i A iH.nS"J to - - 1 J- ar ,.. awiaa; was Beantnniiy trod an prarad, H iUata, wh osalre to sWeviteatsrWaty to II & 1.. . ... ..'.. L 1 t L . i'l t , 3 f' v '"I ' 1F nil nmtfk "", 4" ff j.-nUie4i-jT 1 t tfl. i" TUB 11 1 1 f -t.. ... .J f I , 1, rir i I It.1!, i T.J .... . , ,r-Tr--l"" 4riae. bWuTorir ' ' TT" T tuoyea eaduif ayMn -IFTY MILlllpNB OF O t LAIlB ' ' f , . t 'Ml m1mm U rsaaarkabl proarrea. ' j ... . . 1 PtlOflMSS Ot , out k CTar .'.V8.A--H tu.. ka-1. 'II f "i 1 lima I tii'trila jlTaUnon Tii ifi t;t Inns jf; i'il i,anKMio inn M lJtlt.TMl4 .-'H tjm 10 out ! 't.im n.7,'i".Bfta ai4 vm. n mm u n i-m - 10,4.16 ta 7 no ifKi ii.im! si miofiu Uf .wraaaraa ewwaa Eo)rrirnij start rn Oarum sittos. In im u m-. i iicbtla. to IMil aud laua. tnesevautb Utsstaad'so tlia7.ii. iiZ;v '""M1 JVmmZZmZli'h " '"'"""' " to Lift Aasnrtf st a li -fu l t ? r t -i 'i fXTISSPEO ASYEHTISZlffXTS. DA fiV Borit Bdk co., " ; .... . r. J Bl .'w ! .. o ,WOtE9AlK ii.u O 1 Cment ConmLiJilaB Merc nan !. Z,kul? Ha IROM IKIKT. ' Pettrmbawrar. Vli x-j Bsp0BataaUyBa4autettkiT : BAC01T, LiBO, , :a r:r' r5i-' " I i'LOUB, COm, CT70AX8, 1 : " j :ti s r JJAXB BOFa, murw ;, ... a c l.i t 4.w:'r:.e A1IAV Ti, . if-: .. " tTo.. tte. AB of wbleb ttiev offar at sh Wart lowaat ntaa tot eaah, or frodaaa ta band. - , ThfV nar aMcial atUtnUua to tha baI. mI mt, TON, T IliAlXA), W H t A r aud Oantrr frodaa eawwally, end will Bliasa.h advances wba la hand, er aa Hilknarl tea ol lading tut satse. taw.avm L i- A.-...V .v5r.f T tbe O'rrmam I'opttlittlwa mf ' HTnrtk aa4 SWsstta rarall.. i,: OB OK fcKF.ihK th flrat ef Vcbraarv next, (prandad 6m aabwriliers ar obtaiiiad ba that tjaaM tha nnrirm(rnwl propoas to leant fmas tba Iiatlf htmtmotr affioa, a lira -MrMt-VkX" M-Ky w.paaar, lo he eallsd "ia Or.ais kiiiii MioiniHa ... . 1 be "OaraiaB V sea I r at "Mfngfy wiD contain all th lata Horn anil Furaitta '. and w to be davotvd to the advtnsMwnt af ttamivratliai to tha Boathftrn Htataa, Ka Indnntry. AvHcnl. tore. KanlaaoDonir, tiechankal Arts aj,4 th ifHutla, 3 1 i,a paoar, like th "DaPr Vaaawnnv " Will ka aVrviiy baoMKiaus ra piiii ina, aod ita aim will ewar to to aourf a lminik'raimn, and le aM 1 Mm bnikiing ap at tha tcuOiara fciaus, uu.k Binat ba d .n at aU baaard. i a ennbaew It r'y oa tba rVaa, and oa tar IHfnd- nroB. i) ut i h i ' f-utoa,lo wbfia iatartat w an.d Ir ., la 1ms Intiir-a, aa in tbe past, to saaata wa ta t t in. portent euUTprua, katat of anbaantfUua t i t-t aim "m. Aodno - f. JvAJt i A. i nTTZ. ; .. , liurry m1 linme.s. OSI KEW BUrvry Jiar HfHtSFsit, Wh I will ali fur ti3.) sm kaadred aud aaraair tre anllara. OatXt-f M. t. WHUAKSOsT. W. IL FISCU; Bpecwl Ag.M.t for X (L , . ' , .. a T. HOOPER, - - 'a' 1 . , .(, j i . 1, n..r!r,a T1 n1 f IH1 J'f-AmfW Jay triC i. . . - arlotte, . C. wit 'i hi in mil l .niauli'' 'j'..' jhjli. J. i. . ... - It 1-- -V4 DITIDE.XD, fifty Vr WaL sr,wO)l Sena. ber, nsd reia. J itnmtly J In- Si 4t. 1 l ' ' ' I Wl . 't I . ... f ', aJUrntwenli tueatyBre thirty Jaad ihlrtjh "I ' t aw, AOEft. . f'T. r.vir t i -v a il 1 v'- pi4 taothw los. Bead lb 41owlngVi 1 VUi il . . " l ii Sept, UU, IMS. (.i - - , v-t, th uf riZZL2V th hear f my afluetloB aad need. lutlr, - ., ',, . .urrrri a wmw ; ihet, prrMo, th wllo. aad beMtlolal Msalsi 00 ' 4i it 1 10.IK4 . fc ed ,ia- fcl1'' t , Mlt ' (M 1 M Wl ' Wl - " ids Baa If Ia ilia ndM.i t atn bwlwloveeaaA ats din7 o h' Gmmd 'Jgent for tl tOote) . iitw;, H n't . 1 .-,il- aT40; . '. l ' "Bt tf.-rr Ji r--' v-hXittvmAtf 4 a 's r ' . t ,r. 1 1 fr4hp flfc. AmerleaaWnjIn, - - ' j 1 f . loie(hwith an aanaal Ineome popmorU, yssnpf It ortsalsisioa. WlB heat . .ttU ft S M l Jt f I TBI flOrwMV.'r.- f. .4 f . ' I V- : '" " Asset,, 3 i.'t c r f!j ! J ! 11,514 00 1 I 190 771 OA t u-.l iJ 11 AH 0M . ..li.ia aa.aoul tamr ".47 Oi. ,1SI0,:Kl 00 ,1.1 il.yiu ' h,7i m H4 tit no ;e",-i J lilT,T7 'ill - 7I .pmi. IM 1 kmu il.m t,. . - r. a .M : h,a : r. r 7 m u 1 v ;-:,s y; m lll IhlO SOiio'oiiO 00 ' 1 ' 'f t BtlJ v t . !!-( ,T " I, 1 , nrTcuisov.. xn7BioirGii 'ro ' '' il ' " f ' . .. . . . . . . f .i Jtl For lrtac. - i , A TAttJABLB WARM Or l AntF. wbB fc U la artuatmt within half a nil of th Cltv ef ItelWKh, st. and ana wills ot two ll.i tmad Pa. poja, sad varv dMwmhiattoa of Ohiirubea, flne 'J H y be laaaM ti a wombat of yaars, If oeairsd, ur (urtbar eartletilara, ap. fy :...,'.'. i- - - Kovf-lra - , AaMluo A Cum. M,ala. " r .15 1., ' Alle. AFPUCATIOK 1U beta t the tm.,! OoiH-ral Aaaooiblr, fur a t'barr for a l.ia liiMtirnf Cnsniiai'V, to be ooll.d M'H l'H CAJt. OWMA UM 1.U08AKCE COM f Ah I," t ' ' 1 ii 1 ' ii 1 ,- i j . For 8aU or Exchang fot City Property A TALD ABLE FA KM at n , m cthaai' IX bientr, ia Um aurtst of tha O-l and Mino. al roelow fnons mlaf Ih Ora Iin) Irna Vtorka. fl4 lHMMhnir hanm and oiit-!m,,in,fa i'd , Uaadow.Bm roan Orchard. Tha VVpiro baiU rusfl, Chathaas tiaiiroad ad Cti.-raw ilioad all run bw tha anauaaa. Or UiU luut wubui o aula. . r tF. H. IOKM a 00-I . OetlT-tf , . Aaet'nA Oasa. Marabaula. ! aVtMP Rt)Bi. ' rjIrlB HorB. and twH7 aan of fa' .j. J-Url"-l, knowa as tha litA AiubiilAI. riT."nmh f B;lra,tr Bmlth a. . . no, itt-ht .,. w. a. jowa a co, ; pitKPAhED COIIN RTABCH. L laMvaid Oioiianafc. fiadiraa Baiaina. . laari haala. wt rw-lifl fv '"- ' lHH,tLABEtX. yovit-tf . iist rrccirr. TTEAma wqva. A-A. FonroAtoB worn. tnrl" eomplai with lpa and fiirw- hxrnoanaaiid rieialnlns; rna. A fnrwi aimBlw Lamps and tks UWt ar.n ni .t Imprnti-d l,tirmra. J .i, at.d r. i. r, d. -. I.i.m and i(uii..riiii ,1 ,t ,t,ort nn,, ' AH aar work la warraiiUKl aud We huuie aao mni iu all wa saU. Fiona air as all at tb eld ataaA aa f... t,iiia namraet. ' hOVQXZ A BB0IHE3, y --sip 374.2 AS. ItAI. S?:r, liLl.Mr .4 5 1 un fac- 'Allwtdi'U piuia.,:,F ' ..I. .1 tn. iiit'Mi.iinraos. JalttO-tf .1 ln.pricliir. IOIJJNH t M I J ml.litHTKIi T. Vk R.M4 . 1. Fluiol lm, H t Men nt Teraoa ,0 0 e k hn.va, rataitK- Ooik. lw-iytir V , Htua'a, TJut lrra Hi, rtnwa (H'tea, t 1 u,- . - " o. - i-.vlMtt., t-i..- l.anvrt, 1 ,",.,S:d Ui 40, li.jv.rd, l .itUt at t ajl-urmbla r urnaeaa, AiMrte liiniMH 1'. tj,u.o aud I-, 1. k. l'arlur, tliuruh (lid huivoa ir ittvatrarifltr. all tlm n.n.goa atyls at urua, Hb U and Lew l.wn Portable '1 1 fu. lifuh Tubs with - Uaafe-ra, - ' Waluc t luauta, ' . ; Inw and Cliaua Baains, It vdraiAi, - - f - J uBiua. titiua, F'mnlalua, : V auw Vi tMwaa, . Oanl.-n Vawm,. aior-tloulera, Jteia-erattws, a. . iThluh will aa aiilJ aa U a. .,, L. k2j a. Ik. ltr. , t,. g v U . . J - -y ir . . .. . , ,.. , . F Anns. Rlnrle and D.ml.le barr.J Phot dun. piHit foauUaa, loli aud lwder t Iwaa, (-iin r.i'ilre,K..d JipaaudUu Viwum. I iiVI awr-pruuf Capa. nam ana jraney ixf rollar.,; M'iot Kuivtta,f1ns vari, beuMfira, eaaurUMi aiasa, . 1 .' :' -1 Trava, " " , . .. , Ooa ocu.ra and Common Lanterns. ,t'J. TinToilimMaH.,iMU . . .s. Coal II. ..la. . . t'uuoa at ma. Meal and Flour Rt.l-ts.' Lone afid ahurl hai.. av. . il'?o 'w'l!'f hhovelsand Tour. Sand Baltawa. .. .. , T6 K.fKS t ut Nal a. - ,V lUauluuBii k baluxra, ' '. 1 i ? II an 1MB j 11 t -, rf ( ' Lubrioaunf M . ', 7 annar s J" ' f . WlmsLsad., , t Aatettraaae, . . -' ' TnOMAH B. 1 1 I.7.1S, r . L ..' '' he. IU, fajeuvuie ht,, Tor.n-tf. . , HaiBisU, M. a ' iKaTLtMKVSi rA.IIIU-l . ..iiit ' iCUUi . - irw"iH i ' ,:--T - v4 U:ORAUGI.IATr,''::' ' lERCIItoT TAILOR rKxcriVt Exaiisir, err, man .CIXJTUA liEA VKR.. CAS. . . . TORS, OASI.MElihH, DUii- . . vO.. Ao.. Ao'. prronMS Bio kriemih ihat ns ha X OMwrwi th sarrioH a( Mr. B. K. Mwrweud, pus ot Ui very lMt ;iitltra m Ida huuih, and will be bettor urepan-d than avor l t,,r in m.L. taenia at shun nUM.i(tiii sud w.-.i-tiiuiia sarmea f gsnliaiutu'a waar, at Lb lowest puaaibl pnoes. ' nfunr.Mirii! ttOTIUXO, 'BOOTH, EI10E8, BaTS, CATS, 1 .1 ni 1 . ;t- tt , ' -.... 1 1 . ftu Cenllcmcn'i Torr.! !.Tn Cnodj ! tr Urirn. nil han bx !'('1ftl with rrattl r, frirtn th flrnt Mtnii!;i1i... .,1 in k,., 1, from th flrnt fnttihi CltlaaYud Miimtl t0 tun .it- .1 f r nil,, rtr T'HkltJ. t7iuuiAttUi4 tlr- 4UlJ KJ ojnia.- 1 ,1 w lie rnpneHriillv m. nn II ffViint liia aVI.in.l 1 WiU .wU lit kk)iUi tl iuik.vUly Um SBSMtaJI, IS, WU, 4 11 ,. t , ' SAILiiOArs.' 4 ..i Til ailllMM lrtt n a uth. ii t 'v , , -A-JlXi RaILWAT LIM CAROLINA STATE ; , , (that t K ro !) TMROI.DBATVinH A CA'TO Btrf, TtOAD. ..llil'.MKU.J tal; VI ILK1J1', M.t 1 1 1'.N1 i)lt..il'LIMv, buiiili AbU tmi ill 10 . u lib. I.I tl (l r i 'UtK CdlJj, I Jj. f LbMi HllllTli.H WhUAAXk ; te.-i.:tv. tai V1A.K AO. Ii. Mi ' ' TTfBliiantruratotl tu.l tt, . v r inuuia Aim Lriv.',nt 1., 11 i... k: ... 1 auu aT ailiiUMHIii 'y a.irkk'l II, t,in to ma anlira aau.la u,.n ut h .m-., ."- rib aud h-mb, fi ui u a raara, a. ui 'n , wiJ(l f '"I lr" u h"h aud n. mi b n.ii,,a u-uir l'ld Ibabiaio liv.r h i, 1, , , ,1 1 ,IMMfj Iiolnrs for hr lirtotrot ih H i. ivad -u.rt.i,. saving tha poojilo tionj 'Lttanoii lur 1 I tuna U etua 40,uopr)Far ; ana wt milieuim , l(" da elar that wa en ami iH Kiva mm di i.u.h to u puiuM, horih and ,na, timn any uii,r Idas, ' : ' inotici:: . ThCrrtt lulai.d Air A,iii 1 l i ljht 11 o tr t ' r. ,' l - VteTHB BALEIOH A 0AHT0?! HVITi ROAD, I th Fliort Una for Bmnnnra, and nn ra. . . : , in- i.ruumrq) fWH ail to atmx yir . 'jiit; or tu. y mil be takftn tv anottaar houiat To lti.m-a vi, ur Ir.-i. 1,1 h.l ,-.. . ;. aliu.and aLii, Mi,.ir,o.imv.,rc.. era M mar y.mr la.u m uf .,( Airant, l orum.itu, a., en ;,i, l'.,,t .Tl Aai;A bfaatot. Aouu, aud tu ai.!o aa ' - " ' FIIM IiOhTOSt-'- ii Marrhanta A kuvr's Lino, end of CfiiU4 nuuf, b. Bam ii, A.mt. . . , , . M-W VOilK j , Old Domlntou nttatl - i a (a. ki ,,,,-- i,vi (trmnwmnm. U. Ur ; .V L j. , . , '" i.na'i..-..-,! i MJUmora l ,,..1 i clriii 11 1 n at ora, .4 A.AMuwars avulta, Wt i'. t V -J - rl(l B,t!T!v, BlHmws (ilaua 1 t (. ... wt, ofH 1 100a I'm , L. iuwuauul Mui lif , it i 1.- Anr s-s-vi-tf C'i- I,a. jU A 1 V Ii On M . .! I . - " - . . - ir,t,i.ii. T, II -1 vrnaaii J.....1. '. nwy -tf jt e..iii
Daily Sentinel (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 30, 1868, edition 1
1
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