New-York tribune., 1871-12-15
THE BANK EXCITEMENT.


RUN ON TIE COMMoNwEALTH-ITs soLvENCY
DEMONsTRATED-THE OCEAN BANK sUsPEN-
sION-BANK EXAMINER CALLENDERS CASE.
Renewed distrust seized upon Wall-st, yes
terday morning, and there was much excitement until
the afternoon when It having been satisfactorily demon
srated that the worst Of the had been fe con-
fdence was restored great degree although there Is
still some in the minds Of the mid No more
banks have suspended payment nor ore there any 'nd
cations that others will suspend.
Early in the morning there on the Bank OF
the at Pine and Nasssu-ss which iasted
for in consequence OF several OF Its
having beenDrefused by men who were frightened az
groundess relation to II. One OF the Common
veaths officers declared that the rumor arose from the
fact that the Ring tried Ito obtain control Of the bank
about year ago. but dgnslly failed in that attempt.
The officers the different Clearing House hanks testify
to the souadness and excellent OF the Com
monwaath which has thus proved s ability to meet all
demands. Appended is the official Clearng'H House In
dOrsement:
NATIONAL BANK OF THE COMMONWEALTH
NEw-YOKK. Dec. Il, 1871.
The undersigned have this afternoon at the close OF
sns eendo. o, the National Bank Of the
wealth, aud find said bank TO be perfectly solvent. ana
ali OF its liabilities.
FnS g b f:r1ty r nIyrH'c"' Clearing House Committee
C CALHOUN,
Chairman Of Clearing House Association
The Tenth National Bank. at Broadway and Leonard.
ST. was not affected by the fi.se rumors IN rcEon h It,
and continued business withou. any undue excitement
At the Ocean National Bank, corner Of broadway ana
Barclays the clerks were busy arranging the ana OF
the institution Largo numbers OF interestco persons
waited the bank to sscerain the prospects for large
and speedy dividend. Theodore NJ. Davis, the receiver
said that tho bank not badly crippled by the rob
berry 1859 had been represented 1t has 262OS 80
Of protested paper which about has been paid
Between $4,000 and he thinks will be loss TO the
bank; the remainder will probably be recovered. The
res estate owned by tho bank consists Of the building
formerly occupied by It ct Dey and Greenwichss Gen.
trail Park lota large tract of prairie land In Illinois,
which cost the average about SO acre. and
for which 1t recently offered s5 sn acre. an Offer
that was refused the advice Of the agent OF the bank
who estimated its value at go In the published
list Of assets the value Of this real estate was SCI GOWN
at the price paid for It.
Ed. Tappen, President OF t1c Galatln National BanS,
has been appointed by Controller Huburd to examic
fully into the relations Of Mr. Calender the BANK cx"1'
ner with the Institution. Mr. Tappen has been selected
because Of his integrity ana ability to Inform the public
fully to the paat management Of the "ank Mr. Davis
had paid Mr. Tappen yesterday account o. tho
amount due to the Clearing Association thus TAX
up that part of thecollseruls TIC remaining s will
be paid this morning Mr. Davis assured tc depositors
chat they would be paid IL full and also believed tina;
che stoc kholders would he abo to recover portion or
their He further said that lie WAS depohi-
tor only to tie amount Of &l0, aud was Interested to
the extent Of about ia Lotes making total Inter-
est OF about $3,00d.
In regard to his connection with the hank rs couns'
ho says that when tho robbery took place Mr.. E. L.
rancher the regular coulsel OF the Daak, Wis oh' OF
town, and no (Mr Davis happening to be IN the banK
was retined counsel for the time, and continued 10
net for them IN matters relating to the robbery sncc
then his connection with the bank has con-
at bova claims
In his hands for collection as they have done with sev'
era other lawyers For past year Mr.. Fancher has
been ono Of the directors OF the bank and Its legal ad'
visor 30 far 1t had any regular counsel Mr. DAVIS
says thnt he investiga win
tho bank aud will report to-day. As m had been
charged with being concerned with Calender in Lake
Portage Canal stock bonds, lie stated that he never
was inter rested In that Company.
large meeting of1idepostors Of theSOcean Naticnal
Bank was held yesteray. In the building at Tho
southeast VI Churchtand Murrayst' Cons,dra-
bic feeling was manifested and tho cOnauet OF the bank
officers 20 we'll tho appointment OF Mr. Davis az R''
csiyer were severely criticised by most Of tho speakers
]. Wandsll was chosen Chairman. and Stephen A.
Walker Secretary. One Of tho speakers, Mr.. Everett
said that he had the authority Of the Clearing House
Committee for the assertion that spurious checks were
Ss1s.S :: " ses
Ing Company He said that S the LAM al. IssS ioe only
tors were not paid Tho Rsceiver, who was personal
friend Of the Presidents. gave only oooo bonds to 10
coTS ehs II White counseed mod ration and cool aotion
a. any imprudence the part OF the dtposiors now
misht have most dsasy0us effect on to- hnancial sur
face. and clo:ed By onerins tho following re'ou'i'n
vS That committee vhs. 'Asl be Ne chairman
~ -::. e ss's's % e % ~
~ ID ls eonst Of TIE sseuhes ssd eo.uoa d
he Oess Bsah an rsse b esdy Of depsd''s sfs meet
80 amended % ~ 10 inerrsso the Committee to
s1 A. folloVs WaDdell, g. A. walker Chss Everett
u Saltin, ". H 81. C1ilds, aud e. htorfn Inc meet
ins mon adjourned TO meet o the AechAnoS Excnsnse
Tar lSe meeting ~ Storrs walled On NJ. Davis to
tsoV et what time As woud receive the committee aR
pointed by ths dePssto. hr Dsvh appointed 10 O'Clock
reSrter Of . Newarf Journal called on Hr. caIlen-
der, Vho lives In Newark. And W ininnea may In
eSntSohef Vheu he csrtned that the bank va N .
1oSrsS ns conditise y ~ right IL present DIM
suy .c.. avn %sn sSs .ss sso SCaS and u
10 rssiise nom securities Whch Are not Immediately
aysas vas rsp:s4 n MsTsss e. y, ~
that dspSE :assn re to oiam sor Sos SsiS
sSsinst Hin 81 d Neeohantt Nstionai Bank OF that
csty, On ao1s vhiaA - Aad indorssd IN ooasa Win
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