The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-11
Hartford County savings Association Defai-
cation
81 GOO INWARD FOR }. W. sEYxouR-THB ASSIGN



From the Hartford Tines Feb. OF
The Beard q Directors Of this nc, as; Mon
day. evening pursuant TO adjournment The Committee
al bvese't reported that they lad made examna
ton % the securities condition OF tie compapy and
that the resu OF Their isbors may be stated follows
AfcN' Dos ~
Stock notes Observation-Disclosures. 81 900 90
TO.i................................sl0s,5 500 20
Notes and bond. stolen .s.a,lIo as
Not. collected and not delivered 900 co
90 shares Mercantile Bank stock.
transferred by Seymour-uorey
soleb .............-. .......... 800 20
Depreciation of securities .......... i-,l77 %
so shares company 8 siook......... 900 90 -
Assets on baud SOS 30
OF these sssos tho committee arc Of the opinion that
$50 e$2 may not be eoec,oI In full They sai.sed
that Sfpe part q this doubtful sum ray be collected
But ruIpose II IN al iort, the account will BsaDi
Mtets OF hsnd'.. sZ95s6t 20
Notgood b"tl2 10
Con.a.bi, funds or band $3.50 ,222 80
Add OcA@s ~ Mr.. Seymour $4,000
AdG property attached, aoout..... 10000 10000 90
Available funds. s75O ga 80
The amount Of deposits h sssq 600 or very near that
rot including inters due upon them. The loss, then
supIcsing the sntro OF "doubtfu (f56Gi2l
IL lost, viii lie within fraction Of 33iS per cent,
third deposits Enough should be co iocted OF tho
doubtful" debts to Jay the expenses OF sfttlng the sf
fare Of the Institution and sl be borne IN mind that
lhe coectsbe sss,t Of 1882 oco drawing
CoO) lreo sedupcn be present prices IN market
parcel with 'he price paid Cor the securcs purchased
Tie tendency . Or OF these securities N up
Nsrd spo something more than the present value may be
realized
Tie actual amount stotn by Mr. Seymour appears 10
he sl93 olO a. IN this incuded the par value
~ use shsrfa OF Mercantile Rank stock he
ferred treasurer o. the stop ADD appropriated
the money q hp use without making any record Of
the trsDsacton uron tno books Of the company He
knuly Iermiisc nvc shares Of the 100 owned by the
mreny 70 rensin ID the name q toe corporation Mr..
81! mour Vac President 81 the Mercantile Bank, and II
u claimed by the directors 81 that Institution that they
loee nothing by BIN. How DID be manage 70 out
clean IL hts trarfsctiots Nth the hsnlp
We received the following tccgraphc despatch ycs,er
day, (Mocdsy),-
AuCts1A. Geo. Feb. 7, 1858.
A. r BrsR-Met J. " Seymour al Columbus, Georgia,
30 inst. ~ yrpl. South J. BURT
Mr. Burt IL onc Of our citizens and knew Mr seymour
well When he met him, ne probably DID Dot kno that
he dofsuier running away from justice But when
Mr Burt arrived at Augusta be probably read the
paper account Of the tescaton and at eleRrapbed
above.
The beard lest evtfirg, unanimously resolved 10 oer
rtvsrd Of Eve htussnd dollars Tor TIE delivery Of Mr.
sc! mour Ia Hartford
they also resolved assign all Of the assets Of the in
stnuion 10 W. n Mssor. Eq The Affairs OF Toe corpora
ton will az coursc be legally settled aod the institution
wound up, upccr the ir.ctop OF The Court Of Probate
This the substance ana the result one of the most
ctltetaie ard The mos' wicked obbercs that has Of
been exposed suorg the stupendous frauds aud crimes
that Lave recently cursed The country