New-York tribune., 1873-09-06

balance and general balance sheet OF the Company
directly after the settlement made by the Receiver and
the formal resumption of business.
Requesting short continuance OF your patience ior
the production of the report, am with great respect
faithfully, your obedieDt servant W. 4. WARREN
When Mr. Warren shall send the list Of assets and
liabilities he speaks OF 1 will furnish 1t to you.
III will he observed that Mr.. Warren says nothing
whatever about the assets and liabilities. Mr. Ropes
probably meant that they were contained IN the general
rem does not certify the of the securities in fact
he never has had them. nor any other persons than
Ropes, Chauneey, and McCue.]
O. Does one-Quarter OF the deposits amounting 10
s2OoO0OO consist Of city fundsi A. No. Sir. My recoi
lection that Of the s30O Of the amount s the
general fund, and 10000 of the sinking fund.
@ Is there not another single deposit amounting to
something like $4OO0Oi A. No, Sir, nor any amount
like IL.
O II either the city deposits or any other large de-
placed in perilous condition. A. No, Sir, very far
from H. The Company is stronger today than ever it
for two First because the call for contr
button TO the improvements Of capital stock covers the
o@ers ana second beoSnss the severe expeienoe with
which the Board OF Trustees has been baptized makes 1t
cerniDg the trust committed TO their care
O. Will not the new City Treasurer call in the city
ton probable A. Tue city Treasurer according the
provisions OF the new Charter has nothing TO do with
sinking Fund who, by its provisions, has the dispos
tion OF city funds IT, however, he should deem II best
TO have the ctys money withdrawn twould not anect
the credit of the Institution one iota
O. Are there not In the assets large number OF mort
CAGES upon property which cannot be readily realized
oni A. Not 10 my knowledge. The institution holds
little than $2OoOOO OF bonds and mortgages, which
can be realized upon without much delay.
@ How much OF the subscription of stockholders, 70
make good the capital stock, has been pad In A.
paid IN Many Of the stockholders and have been
Of town, who have sgnifed their intention OF pay
assured TO cover any deficiency, notes are In my pos
session the amount Of 100000 signed by II Trustees
TO guarantee the replacing OF capital stock. eo -. o
@. Do you know OF stock having been Ouered AT 90
cents on dollar the buyer after examination refusing
10 it, and the seller then offering II IOr 90 cents
A. No. Sir, do not. II such took place. however II is
excellent indication for the Company. assuming
that when the Company suspended the STOCK was Only
worth 90 cents the dollar offer OF 90 cents would
make the stock equal 10 81 is, and IS cents would
worth go cents par yaue u O5 therefore, the
offer would not initiate against the souhuheSs Oh tue
Company.
O. Now, Mr. Ropes. finally, lie not the Brooklyn Trust
Company actually bankrupt this moment r a. NO more
than the Bank OF England s the Board OF lrtees are
not shakon because OF difficulties under which the
Trust Company has abOred and from whlch ~ Is now
emerging; they determined that not only all tne
energies but all the wealth they possess shall be fully
devoted to resuscItting the Trust Company and make
ta6lished frequent communications from the other
directors have satisfied me that u mas row become 10
they are each and of them fully determined that the
Company shall answer all the Requirements Vi 'he
officers and the public
THE ExANIEER's STATEMENT.
reporter Of THE TRIBUNE called last evening" on the
expert accountant who examined into the accounts OF
the Brooklyn Trust Company. and who Is now engaged
in asceranng the extent the frauds in the Office OF
the CITY Treasurer and the Of their pepetraton
for the purpose OF gaining what information the gentle
man might have TO mpart relative TO the soundness OF
the Trust Company. The interview opened by the re-
porter's asking the following questions:
O. You certified, to-day in your letter to Alderman
Ropes to the soundness of the Trust Company Is this
to be understood Endorsement OF their securities
or do You simply that the books all straight A
mean to say this that TO the best of belief the Trust
Company was in a condition at the time examined its
books about fortnight ago. to meet any demand that
could possibly be made upon It,
q Are you not that among the assets there are
many doubtful securties9 A. OF course am no ac-
quanted with the Of all the persons who have
gone as securities but as far know doubt
ful.
O. II you were told that the Lathrop Sewing Machine
Company, run by McCue. Mills, sprague Rodman, and
Jonathan White have still large amount Of the Trust
Companys funds, and bankrupt would you still be-
leve therust Company solvent or safei never heard
Of any such company know nothing about II, and
therefore can say nothing regarding it.
O. Have you had or do you know OF a case where the
stock of this company has been offered for sale at c5
cents on dollar the person who agreed TO take II de-
cuing TO do so after examination of its value had
been made and the seller then Offering II for SIS cents on
dollari A. have never heard Of any such case but
believe that the stock Of the company worth dollar for
dollar.