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NATIONA TRUST AN EFFORT TO REORGANIZE IT-VIEWS OF STOCKHOLDERS. Great efforts have been made during the past six weeks to resuscitate the National Trust Company, of New York, by taking it out of the hands of the receiver, W. J. Best. The stockholders were so divided on the question, however, that no definite conclusion could be reached. Several consultations were held, and it was proposed that a committee be formed to arrange for a meeting of the stockholders. The more prominent ones were consulted, but they all gave the proposition a cold shoulder. As one remarked yesterday, "We are all sick of the concern, or at least ought to be, and if any stockholder desires to revive it let him do it alone as soon as its affairs are wound up." At last a circular was sent to several of the stockholders for signatures to a call for a meeting. Some affixed their names, others refused, but sufficient signatures were obtained to warrant a general call. which reads as follows:The undersigned, stockholders in the National Trust Company, of Now York, hereby invite a full meeting of their fellow stockholders, to take place in the public meeting room, No. 11, Coal and Iron Exchange Building, No. 17 Cortlandt street. New York, on Tuesday, January 7, 1879, at ten o'clock A. M. The object of the meeting is to discuss the desirability of taking the company out of the hands of the court and placing it upon a substantial basis and to take such action as the stockholders in attendance shall decide will be to their best interest. Thomas Cornell, D. S. Appleton, C. H. Johnson. William H. Haldane, M. S. Isaacs, Samuel Willets, Richard M. Nichols, Thomas P. Nichols, Isaac Bernheimer, Uri Gilbert, William T. Hemmenway, William S. Whitlock, N. Culbert, M. L. Moore and others. THEY WON'T ATTEND. A HERALD reporter called on Mr. Willets, who was very much disinclined to say anything on the subject. He admitted that he signed the call, but said he had not the remotest idea of attending the meeting to-day. Mr. Best had vindicated his name literally as morally by having done the best he could, and much better than most receivers in these days. The debts have all been or will be paid. The receiver got the money and paid the creditors, 80 that no one can complain. "More than that," he added, "we have reason to believe there will be a surplus after all obligations have been discharged. If the stockholders choose to attend meetings and hold long discussions they are at liberty to do so, but for my part I have more important business to attend to, and I shall allow them to remain severely alone. Anyhow the matter is of very little consequence and not worth talking about, so you will excuse me if I decline to say any thing further on the subject.' The reporter asked if he would indorse the action of the meeting should it resolve to reorganize the company, and he replied with determination, "I have nothing to say; I have already said more than I intended to." Mr. D. S. Appleton when called upon by the reporter was more explicit and unreserved. He did not think the matter sufficiently important for discussion in its present stage, and he declared frankly that he did not expect much to result from the proposed meeting if anything resulted at all. "Iadmit," said he, "Isigned the call, but 1 won't have anything to do with it.' "Then you won't attend the meeting?" "Certainly not. After the circular came asking me to sign the call and Iconsented. for I knew that could do no harm, another circular followed, asking me to sign a power of attorney authorizing the committee which might be appointed by the meeting to act on our part with full power. When Ifound, however, that my name was placed on the committee I made up my mind at once to have no more to do with them. But, as a stockholder, you cannot afford to be totally indifferent?' "Well, if necessary, let the stock go; but there is no danger of that. There are plenty of assets and every dollar will be paid; but you know these things require time. There are several lawsuits, for instance, not finally determined. I have full confidence in the receiver, Mr. Best. He has done well." Will you support the action of the meeting if it should decide to resume business?' "They may do so if they desire, but I wash my hands of it. I am tired of this business of working for other people and getting nothing for it. Besides, in the present state of the country and with the continuous failures of trust companies it would be most injudicious and unwise to revive this one. More than this I do not desire to state till I hear the result of the meeting. If any committee appointed should precipitate new difficulties I will not share the responsibility." A meeting was held at noon yesterday in Mr. Best's office to make preliminary arrangements for the meeting, and a general plan of reorganization was drafted and will be submitted to the meeting to-day.
