New-York tribune., 1872-02-12
INSOLVENT BANKS.
THE MARKET SAVINGS BANK ADJUDGED BANK

THE MARKET SAVINGS BANK ADJUDGED A BANK
RUPT.
In the United States District Court, on Sat-
urday in the matter of Mrs. Mackoys petition to have
the Market Savings Bank adjudcaed bankrupt Judge
Blatchord overruled the objection TO the petition that
IL was signed not by petitioner but by her husband
and directed the entry OF order declaring the Bank
bankrupt In speaking of the petition signed by about
depostors of the Bank praying that be put
into bankruptcy the Judge said that he could take no u
dicial notice OF such petition.
H. r. Conkn, the Secretary OF the Market Savings
Bank il is stated in Toronto Canada on Mon
day last and left that evening for Halifax via Mon
treal on his way to South America. Receiver Worth
that during the past few days the call loans
been paid with more promptitudc than heretofore Ii is
believed that II Messrs Hesers Sons Mr. Bright, and
Mr. Patterson do not make some arrangements to pay
their Indebtedness legal proceedings will he begun
against them. IL is alleged that Receiver Worth has dis
covered that of the officers of the bank has partc
paed in the frauds and connected him with ransac
ton Of $4,000 Mr.. J. DOwley the Chairman of the
Dcpostors' investigating Committee, states that
y against pnq the SanE ocsrs Within WA Short 'Gis e
The suit instituted against ~ st Mr. Van an Name BY Mr. swain
ing the failure Of the bank. Mr. SWAIN who is an old
a dfSfq aFeS S IL ioo " y the SnnE Mr. as VS1 e
had S2,1oO which he wished 10 deposit Mr.. Van
MaE as TO n ni& a 2t m dS%d
not do better than leave his money with him.
pended payment, and Van Name acknowledged 10 the
depostors that he had fOrve six days suspected its
sOiVency.
Mr. WOrth's counsel informs the depoHtors that this
morning officer Of the Court Of Bankruptcy will he in
attendance the bank TO prove the claims Of depostors
and that this process he completed in few days.
DepositOrs can make claim TO dividend who do not
prove their claims in accordance with the bankrupt act
They WILL when their claims are proved be ape 10 elect
trusee in bankruptcy. The presence of the officer OF
the Bankrupt Court will enable the depOsOrs TO comply
with the act at OnefOuTh of the ordinary expense be-
side avoiding all the weaTlsOme delays which have
Cured in the proceedings Of the StuyveSant Bank
The meeting of depositorS % hear the statement Of
their investigating committee Will take place to-day in
the First District Courthouse at y.
OTHER INSTITUTIONS.
Jeremiah Quinlan, receiver of the Guardian
Savings Bank has filed the amounts credited deposit
about S56OOO report of the entire assets of the
bank 547 coo, and list of the fixtures books &C. to be'
sold at auction. He has received from the officers and
trustees Of the bank $4,000 subscriptions and deed of
trust of Of the officers property amounting to
than s300 These held security against any loss
of of the assets that may not prove valuable for
any deficiency that may have existed at the time when
the bank suspended. BY this means il is claimed that
all the depOsOrs viii be paid in full He has also led
report Of all the money received by him since his ap
pOintment as receiver, amounting TO $4,000.
In the matter of the petition of Mr.. May to
have the Bowlnggreen savings Bank thrown into bank
ptcy the service of process by publication directed
week ago ly Judge Blatchford has been Effected The
order rcturnabls next saturday i'll the United states
District Court.