The New York herald., 1871-12-15
7 RUN ON The cOMMoVwEAL tn.
Statement Of MIR. Davis, Re-
belVer Of the Ocean Bank.
l&nation Meeting of
the Depositox-s.
hlvn Square National Bank-The Officers
|ot Yet Ready with Their Statement.
h or THE SHOE AND LEATHER BANK.


The Feeling in Wall Street.
financial 1libusters who prowl In the vicinity
street In hopes OF gain are occasionally sue
In their efforts to create panic. II Is long
Eever, that has no turning and SINCE all
blsgnided endeavors have recently been re-
with general suspicion Dut little importance
he'd to their miserable intrigues. a itting
iiOn OF their futile conspracies occurred yes
At an early hour rumors were actively Cir
that several well-known ana prominent
were about TO follow IN the wake OF those
ions whose insolvency excited such
Rkon, ana the money market was
limo staggered by the conflicting
which ingenious spectators had con.
for general circulation. For an hour or so the
vas startling, and feeling of uneaslness and
Fity, even among well-iniormed classes Of the
rcial community, prevailed. 1t was pretty
anne from the commencement, but, as events
the affair resulted in the complete failure OF
heBasand the restoration OF q more conn.
pd satisfactory tone to monetary affairs. The
Pp9 attempt 10 injure what was gen.
regarded as very substantial estab.
(nt was severely commented upon by the
able brokers and merchants of the metropo-
as nothing came Of 1T the matter engaged
~ little OF the attention or men accustomed
ani0unded ruMor5 every day In the week.
all 1t WAS stated that the Tenth National
md the Bank OF the Commonwealth were IN q
ious condition, the effect being that an anx.
vestgati0n Was set on foot to ascertain The
iaislty OF the report. AS was generally ex-
there was not the slightest foundation for
mQS and the only inference to be drawn was
~ stock speculators had been ear
o. ~ work to turn penny, their
,nas 9emS ona partially ia aided BY the the
70 the wall" day or two before. inquiries
clearing House showed that the Bank OF the
Onweaitn, Notwithstanding some losses twelve
q ago, Was IN a comparatively prosperous
ITS analrs were very carefully managed.
me story was told at the Tenth National Bank,
fact, very little was required to demonstrate
rum0rs 80 rapidly Set anoat were altogether
u truth. Then there was ADDED the story that
ank OF North America was debtor at the
ng House 10 the extent or nearly two millions
ats, put that was very satisfactorily accounted
sne Iaot that large deposits Of current notes
Pen Wlthdrawn. All balances were promptly
4hne pretty large margin Of greenbacks was
u reference 10 the drafts upon That institu-
CMcago from insurance losses, 1t was stated
S9 about 1S the the middle of October until the be-
rom the East, but that at the present time
ew drafts OF this kind were presented. Alto
the enort yesterday TO create an excitement
soon as The report was started about the
Of the commonwealth run was made, and
hort space OF time the sum OF Si00, 600
ckly paid. But Notwithstanding all the
ls that prevailed the checks OF the Bank OF
l1m0nwcalth were taken as deposits IN all
hding banks OF the city. Al noon the Presi-
fne Shoe and Leather Bank went down 70
lhls power. Officers Of other banks subse-
followed his example; but their generous
berc declined, as no security was required oy
GERS OF The Commonwealth for the faithful
10 OF all liabilities. In 1nc, tho general feel
In being that OF uneaslness, wound up with
"A confidence in the establishments that had
lici0usly assailed.
han Bank-Indi.nation MeetiDg OF
Deposltors.
creditors OF the Ocean Bank continue to rail
Be its management, as Will be seen from the
'hdings OF q meeting OF depositors reported
here. The appointments Of Mr.. Davis as re.
seems especially to have exasperated them.
|avis yesterday made to reporters the deca-
! tnat ne was never the counsel Of the bank.
btated that his only connection with
|as about the time Of the burglary in
AZ that time Mr.. Fancher was the
lei; but, being out Of town, his nrm Davis b
|ucceeded In securing $16o,000 OF the stolen
(rty. The receiver denied that he had more
EHousAND Six HUNDRED DOLLARS ON DEPOSIT
IN THE BANK,
Outstanding his statement to HERALD reporter
Iesday that he had 5000 in the institution.
|axis was questioned as TO the statement Of
Fning paper that nearly 100000 Of protested
was held. He estimated IT at $500, 1000, but
red that q portion OF the protested paper had
led the bank o return. When asked how
B, he thought that
PIPTY THOUSAND DOLLARS OF 1T WAS BAD.
bn, referring to his books, ho called or the fol-
" items or the protested paper which he be.
J 70 be the only ones OF those that go to make
70 $50, 900 as bad:-