Show DIRECTORS ARE RESPONSIBLE One of ot the healthiest of recent de decisions decisions is that just handed down by the 1 New York court of appeals holding that the directors of or the Trust Com Corn Company Company pany of ot the Republic are responsible i for tor the failure of or that company and the Impoverishment of its Us patrons The decision Is especially gratifying I In the light of the last report of the comptroller of the currency to the ef effect effect 1 A that not per cent of or orthe the bank directors of or the country know ow 1 anything at all of the value of or the securities on which the funds of their j 1 banks are loaned 1 Down In a little Indiana city of or two r thousand people two bankers have Just been Indicted for tor misapplication ml misapplication cation catton of the funds of their bank They had a capital of thousand and deposits of ot nearly a quarter of a million And there enough cash left In the bank to pay the gas bill When they were caught All the directors were wore good men menen men en of ot honesty and of fortune But ButI I they rarely attended a directors meet i and never Investigated the truth of ot the reports of the brothers dent and cashier of the Institution And what is true In that instance bas has been true In ninetynine out of or a hundred of other bank failures The Themen Themen men who are responsible re do not know what is being done with their money and with the money m ey of their neighbors And nd the effect Is ruin Among the thirteen directors of the tailed raIled Trust Trust Company of the Republic are men like Hamilton Fish and those i with whom he has been for years as associated associated And whether big or little the I only way for them to learn the lesson le eon eonIs Is to read it in Just juet such sueh papers as p this decision ion of the New York court of appeals appeal They T fly must make good the money loss loa and then they must stand trial for their flagrant evasion eA ion of the hw |