The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21


In mns see staci .......... ....'.".' Pa
R.rt. '''''''''''..''....-.......'''' SS0 ~
sesh i,, =, 800 *
First New Orleans TIA
TotaL .............. ..... $SO,S6l ~
Inc Liabilities Of the bank are divided into classes
FIRST CLAss.
DUE saschers and Dover.' BANK , "a
Due butchers and Drovers Bank for redempcn 1900 o.
Due Third National Bank $1,000 20
Due other banks''.... 1900 W
raxes unpaid ......................'.. -. ' 3ooO w
Total amount, first cIass..... ,223 "a
individual claims as far as presented. ssss
On account twelfth dvidend........... 500
Total amount, second class ...... $Aosssa II
Total liabilities ss44,5s5 80
From which deduct a.ss: Of IL. rs, class: x
Total. .ss5s,sso 80
class amounting 70 s4oSad2 H.
As the recever for prudential declined 10 furnish
the Items and amount OF the upon the Mason
liable estimates of the amount which will oe realized from
The following the situation of the property where Tho
Lease from 1873 70 1855 1855 $500 and taxes
on oT So s % ass sS
taxes The rents realized for the building exclusive OF tho
The Batshers and Drovsrs Bank hold the title coss
The estimates are those of the receiver which, with the
ccpton OF the OF ment0ned ABOVE the
committee believe are generahy reliable -.
them from the books Of the bank But appears that OF
this S2 has been bought ny the bank although
transferred from the original holders SO that the cap
tai OF the bank been reduced tO x2bW The commteo
also append some extracts from special loans cash es
overdraf &C. together with list OF checks paid on me
day the bank suspended which be OF interest TO tho de-
postOrs Your committee desire to state that they are o!
opinion that the bank has been nsoven for long time ana
nesske appears that the directors did not meet
ofener than month"; that at such meetings quorum
seldom present and that the discounts were generally
made by the cashier the committee have been INFORMED
amue for two and six months and that when ME- Cal
lender last examined the bank he was paid $500.
The informs the committee that he expects 70
make dividend to depostors within sixty DAYS, and
there should DO suits other unexpected obstacles will
be borne In mind that committee had legal right to
an investigation Of the bank that they could farther
than the compasance the receiver permitted For this
the report II not full and complete could be
wished, might been had report been post
poned but compliance with the wish of many depostore
the committee deemed best to before the result OF
their labor thus far shoad deem best 20 grant tho
committee further time they will continue their invesga
tons and particularly hope to learn something regard 70
claim which they learn will soon be presented
against the bank but which not appear on the state
The list Of the dep0stors refused to the
In over-drafts be noticed the
OF Union Adams and of Union Adams Co.. from which 1t
appears that the President the not deposition
In conclusion committee desire to say that they have
thorough of affairs of the bank
that the result IL not satisfactory Respectfully
ARCH JOHNSTON. Chairman,
J.HENSON, Secretary,
CHARLES N. CRIrTENTON, ! Committee.
AUG. D'oUviLLE