New-York tribune., 1869-05-27
TIE ATLANTIC BANE.
1T Is DECLARED SOLVENT.


The excitement created in Brooklyn, on Mon
day by the runOr OF the deficit in the accounts OF the
late Mr. Rushmorc President OF the Atlantic Bank. has
subsded TO great extent but still there patdonable
degree OF curiosity learn exactly what the alleged
irregularities Of which Mr.. EusEmore is posthumously
accused the amount OF the losses to the bank II any
aud s status in the financial world. The prompt action
Of the Directors youchug personally for the liabilities
Of the bank has alayed all fear and disrust; but tits
due TO the public 20 the bank the memory Of Mr.
Rushmore whose name, his friends say, will come out
FREQ from blemlsh that explicit be soon made
relative 10 the affairs Of the bank. ON Tuesday the l. :
Commissioner Mr. Calender, visited the bank, inspected
the books and had long interview with the Directors
at the close Of which he expressed himself satisfied iha
The interests which the Government was bound 20 pro.
ect were amply sheltered by the action 0f the Directors
Yesterday the investigation resumed when Mr Cal
lender became still better satisfied ot the soyeucy o the
bank and ascertaned that 10 had credit enough New
York banks 70 pay the demands of deposor' ia fuIl
without delay. The following announcement was yes
telday made by the officers OF the bank:
, 10 InE y, ,BLIT y...,,,. v,,,,,,s,
The director, of b bank r,e discover se1tsa
rrsgaAuuss ibrers .ms loss - he 'otshoder Ils ak a'
Of 81, Department At w,ug'oa MI cssst', Hos ,i1
5S j:;sS : S.E:' ls% Ffig Ni7.c haa,:l hHss?9,
s.yuonf l. IIus.d. Br,-stsr vsleruss.
Even after the protruc'ed examination, the exact
Irregularities above complained Of not yet deter.
mined although the prcsumptiou Is that the statement
contained in THR TRIBUNE of yesterday is substantially
correct with perhaps the exception ot the amount lost
which was and stin 10 necessarily cOujectufal Mr
Rushmore appears To have been specializing In real
estate. and advancing money on railroad stock ana
bonds but TO what amount does not yet appear.
The stocks and bonds understood 20 he on the New
ark aud Paterson Railroad mot yet iuishedi and tho
Directors IL is said estimate them dt much lower rate
than that which the loans were advanced The con
tractor for the road Mr. Citherwood is also reported 10
have oycrdraWu his account at the bank several
casous aud neither this iact the purchases Of real
estate the loans stock we're reported, 10 Is nj
legged 20 the Directors. IL is claimed that when the
railroad shall have been opened, the stocks Will be Of
greater value than at present IL appears also, that
Mr. CatheTWOOd, some one connected with him, had
city contract Of kind for which Treasury order
for $4,000 was issued. This order formed part OF
his collateral, but when prescnted FOR pay
NAMED unpaid. The title deeds 10 real estate
represent property valued at $1,000 available secur
ty for the bank IL would be unjust at this time 70
press an opinion OF Mr.. RushmOres conduct. That no
was mprudent Is conceded all sides; that he
duly Influenced by the speculative fever, more especial
y IN real estael which has been epidemic this locality
for four yeaTs more there II scarcely doubt that
he trauscended his authority In not reporting all ransac
ous the Directors Is probable hut that he entertained
for one moment dishonest motive IN these transactions
his friends ind gnaDtly deny He may have been H,ed
IN ihis real estate operations, deceived In the
matter Of the railroad loans, but yet, the only
dark spot resting his fair fame his friends say
cOnceament Of the affairs 81 the bank from those
Interested And OF them account for this conceal
In peculiar way, by saying that there
cealment SO great the confidence Of the directors
In Mr. RushmOre they say, that when his reports
presented they merely bestowed q CurEOry glance
them and trusted all things To him. IL tins GuppOsuu
be the true one, IL possibly turn out that Mr.. Eush
more was almost entirely blameless IN the matter