New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-29

Tot sssss :
OF these amounts there are great many said by Mr.
Thompson to be secured by colaterals either interest
on deposits coupons bonds other securities now IN
the possession OF Company The $1735G o. charged
against C. H. & ". C. Andrews is secured bv coateras
The Cs O6 against the estate Of Nathaniel Gilman, and
the $3.50 Ct against the estate Of Philip Kearney are
covered by securities the part Of each worth 100000
Coupons OF the Erie and Pittsburgh Railroad Company
and of the Arkansas Central Railway Company held
IN amounts sufficient, according the statements of the
officers OF the Trust Company, 10 cover their separate
overdrafts OF 1850 o. and Of A,l3O For the over
draft Of the City OF Erie, amounting TO $367s.
the Company holds bonds of that city rated at
5000 the overdraft return tax Of the Erie and
Pittsburgh Railroad OF S3l So there is balance on
other deposits adequate the amount, and the
same Is the case with the Overdratt j. 5. FarloY's
special account for Cincinnati saudusky and Ceve-
IaDd Railroad of S2n 90. The oyerdraft marked gen
era coupon account gold" Of Ss4 90 is debed 10 the
Manhattan Company and is covered by individual de-
posts OF trustees and agents OF that institution The
Marion County coupon account, overdrawn 10y $3.50 Is
covered by the coupons Of the county IN possession OF
the Company The Indebtedness Of the towns OF
Chatham, Chautauqua, German Flats, lie Roy, New
Lebanon Petersburg, Portland, aud Pavilion are all
covered similarly by loan coupons. The accounts
against the State Of Arkansas $7 &C. and the Treasu
rer OF the State Of Arkansas, each secured
by bonds Of that state amounting 10 100000 The entry
against Daniel Torrance aud associates OF 694 80 is
claimed to be covered by deposits on the part Of the
Ohio and Mississippi Railroad Company Of $3so00o They
claim that they do owe the Company penny. The
overdra Of $3.50 O5 charged the surrogaes general
account is secured by deposits special account and
that against Tammany Society Of ss7 so secured
by coupons Some of the smaller amounts were settled
by the Of the Company during yesterday. An
overdrat appears the original ledger charged 20 the
Lake Shore and Michigan Southern Railroad as follows
Lake Shore and Mich. Southern Railway Co. sa3oss OF
Lake Shore and Mich. Southern Div No. a.. 6I9 IS
Lake Shore aud Mich Southern Div. No. A.. S4S 81
This the officers claim. settled In the Vanderbilt
negotiations on Saturday. The firm of Thomas Reed
Co against whom an Overdraft OF H63,435 Sc was
charged failed during the panic leaving in the bands OF
The Union Trust Company securities amounting 70
t2OOOO which have since been transferred TO an ndi'
vdua account. The securities are OF various kinds,
and Notwithstanding the shrinkage, will very nearly
the oyerdraft against which they are held. In
regard case OF Z. b. Wesley, receiver. who Is
charged according the reports, with N5'iE over
draft the bOokkeeper Mr. Thompson, says that amount
mOuey and credited on the books OF the
Company and had 10 be charged 10
Mr. Wesley as receiver. The money remains In his
hands as assets Of the Company
THE BANKRUPTCY PROCEEDINGS.
The bankruptcy proceedings begun against the Union
Trust Company have excited considerable comment, and
have altogether favoraby received 1t alleged
that the petition likely delay the settlement of other
claims aud prevent the resumption OF business. T. H.
wesley the receiver Of Union Trust Company said
yesterday had not read the petition have the
COMPANY declared bankrupt but contradcted such Of Its
allegations "a were brought 70 his attention. He
aware that Augustus Sehel the VcePresident or the
Company was in any way indebted 70 IT, and he denied
that any transfers Of money stocks bonds had
made any oioer OF the Company for the purpose OF
defrnuding its creditors The statement In the petition
concerning OF property 20 the Lake Shore
Michigan Southern Railroad referred OF conrse, 10 the
ts00Oo ioau, the character and settlement OF which
had already been explained. foil answer 20 the pet
ton would be made In the courts at the proper time
He further said that the bankruptcy proceedings
suited he supposed. from an investigation made S0me
time ago Dy q COMMITTEE claiming 20 represent the
creditors 10 whom be gave facility for examination
Of The books OF the Company He dad not know the
names Of this committee or whether william slboJ was
one OF the number.
10 the RAZOR Of ThS TribdHe.
SIR In "a morning newspaper Daniel Tor
and associates" are down ~ owing tile UniOo
Trust COMPANY 1864 g. Regarding the above have
bAe honor " cay that the statement is Incorrect.