The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-25
YRs BANK Or North snssltl.

| - " Firm Overdraws $3.50, 00o1
| A Dem1fch In Wall street-sudden Death
Excits0cse cut of the Bank, &c.
of the Presid> National Bank Of North America
TIE affairs OF To. ct OF considerable discussion ana
have been tne sap)e n Of its President Mr. Yevsr.
eommens since the dea out twelve O'Clock yesterday
| Ton, wncn occurred ~ cd itsef into immense ex.
ana THIS interest develop in the day. when
ei'emens wan s'rees 's'e. defacaiion Of $3.50 900
was spread to tho effect that s OF the bank and hss
had been discovered BY the ONE ~ which c.us.a a.
1t the shock Of this dscovt rhs eroitsm.u. con.
sudden dsmss Of Mr.. Yevertop. ! .,mo., .o,.sx ,hs
tinusd throughout the day, and was gold hosrS snS
topic OF conversation at the Exchange, IN srsss vhvr,
oeher such Institutions In and around Va $3.50 80. "A
the snhin Of TIVE bank were anxousy ing :, 49,. -, !
the stability OF W directors and the honesty.
inss sniuasediy discussed Other rumoss. WIKI 49,
tended 10 increase she public apprehension W a. osIS
TO the nrst and tSe anxiety thus created rom q
investigation Of the cts there was no deiacatoa CON
s x: s ds sVa he arso ms ne
following ssAssnsns :-<Thsre has been no defalcs4 y
sY na ;g %% ss aa9sas
bank win NOT BE- impaired more than one-nslf" Va
.S %s.s % sss a DSs's y. Ss
signed BY the ccrvs Of the bsnk published giving the
ioss sustained tosshsr with t snount Of accumalases
I cma4 .ns n sson Urn. cAuss o. r. n,,cy
q Il: s, Sr
cagO c1m0 70 this city started VN8hoss un0or tnO
firm name OF A. J. Meyer,& Co., at the corner OF Bros1
count with tho Bank Of North America. having boon
recommended BY city merSh Of good stSudng Ihes
business had been carried y large soak-at ume4
reaching tho OF So 100000 week. bur Vther paper
punctualiy to timo \
On Wednesday application was made to tbA paying
teller 10 certify some OF the checks or Meyer Co. bue
amounts were very large, and thoro depA sits a.
the nrm in the bank. Mr. Yeiverton then applies
60. and no. having the highest conhdencc
would promptly DO made 10 meet the checks, oera fed
them without hesitation. He had gres
the act for II became towards tho close Of The
day that Mey Co. would not meet their engaEemeA
and his anxiety increased still more when making
ventures Pennsylvania stocks and other reports sd
they had boon ruined by the failure OF another nrm-
SUM- although there sufficient truth on the face o.
these reports TO attach importance TO them, nothnu
definite certain could be learned In relation TO the
ofairs OF Meyer, and the. anxiety produced ~
this the real state OF affairs added 70 the
fact that he had assumed the responsibility OF certifying
tue checks worked severely on the mind OF Mr. xel
veron who OF very sensitive nature, Al TO bring
Ht Of apoplexy OF which he died few hours AFTER
There the least suspicion attached to the conduo~
MI. Yclvcrton, and regret his melancholy
associates and Tho Board OF Directors a
the bank all whom speak Of him in the highest
NOR reposed in him the highest and most unboundst
confidence.
Meyers friends state that did intend TO dsfau4
the bank, that he unable 70 meet his obgs-
lions In consequence Of having sustained heavy losses
himself; II barely possible that compromise win
be ELECTED, There IN this city who are u
derstood have largo amounts In securities IN theH
possession belonging to Meyer