The New York herald., 1873-11-08


hank. or any bank with like means could stand
the drain We have experienced, 1t would have been
ossc @ M ~ oo naye nsv psa rSI . th OF our
deposits. IL II true we are nos as liberal IN our
discounts as we were before the middle OF sep,
tember, yet we assist our depostors to the pes. oi
our abilitles II = customer has paper maturing.
and he cannot meet IL in Its entirety we nep nila
along by curtang the LIABILITY AS ior nd se
u note OF 5000 is due by good depositor, ana ne
only has 1900. We allow him the required d.. Do.
ance TO make up the deficiency The compnmtesns
on its soundness should be sufficient 10 diss,pS.c
all the rumors of the kind started on TUE sn
and we thank the Herald n acting I'M whole ~ truth
from the fountain head and publishing tne san,e e.
OFFICIAL STATEMENT or THE UNION rhoSi 0oA
The afYairs or the Union Trust company a,H nave
been commented upon by the press Snu lnuds,u a
uas ever since It's failure s,a ~ va semi ofic,a mas
been given 20 the public. Yesterday, however
Mr.. Edward B. Wesley, the receiver niau0 VIC 'o
! lowing ofticial statement
orncK or rmx RKcErvrn or rax usIos TRUST
COMPANY Nsw YoRK, rs BROADWAY,
ooas-s NV y Sess,s 10y, 1, ,! iszs m ),
In the inventory published and nled o. .ne assets sol
J9e seh gaOn esre Is 70 eonrse The following
e Sin m f as ss Ge ans
are therefore claimed the property OF the Union trust
Io5J shares Atlantic ana Pacific Railroad stock
2sSS Shares shares Union Paeiac RAILROAD siocs,
ssSs unSa cheasS sa
Idesre further 10 state that the large amount Mis-
souri, Kansas and Texas rst and mortgage bonds
o - S me IN Ss
oa aG Se and Grant S saIas and
also to state correct that
1873 and OF the property OF which men to- Son posses
the receipt other and additional securities for the
loans men toned in said inventory
s frsi mortgage bonds Michigan Lake shore Railroad
sis rst MORTGAGE bonds Jamestown and Franklin Rail
road Company 81, 900 each v.,,.
RSosS sGSna sach ana
66 Leavenworth county, state OF Kansas bonds Si,Vo
s. first mortgage Kalamazoo and White Pigeon Railroad
6conso sinking FUND bonds Toledo, Wabash and
wefeon H9s bnas ERIE and psur
Railroad Company. sl090 each ~, r.,
is6 second mortgage bonds Pacific Hotel Company Of
20 Sinking iund bonds Lake eos shors and Michigan
Is gold bonds Cincinnati, Wabash ana Michigan Rail-
These saritcs were held as partial coateras the
amount from the Lake shore and Michigan Southern
they have been withdrawn and stock the New York
and Harlem Railroad Company u nne ana 0 c
pany seventy to the amount OF the debt have been
ana fu acquaintance with values stocks and bonds
trust Company my possession its receiver, and the
hs pssu S sns e n ns
at the market prices OF November is7S:-
Wednesday morning November s. 1873
investments at present market prices.
SiUlOsD L. s. I'D bonds OF "a. ........ coo
10000 Lake shore and Michigan South ,ooo,
ern Railroad sinking tund bonds. lSo,OOO
asW0 Buffalo and Lrie Railroad first 90 >,
LaS SfiStss EeSanon oSAsi Spring, Railroad drst -
200 shares New York, New Haven aud
Hartford Railroad stock ......... G,aD - -
Loans s........................ A2O.A7
Less depreciation, coliaterals at market
1891, ,oss
Loan to Lake Shore and Michigan Southern
Railway COMPANY with notes secured by
New York and Harlem Railroad Company
stock and New York Central and Hudson
River Railroad Company stock Is9,919
Interest accrued, not collected l0UOU
Commissions accrued, not collected 5000
Less estina ted loss on same .............. 10000
s64f7
Cash in office Observation-Disclosures. $3.50
K. b. Wesley's (receiver) account-Cash
the United States, New York Lite
and Trust companies aud Manhattan
Company ..................,....... oib,9l5
- 579. 254
Total 50, ,321, Soy
Memorandum.-The Investments as above stated
all that owned by the company.
LIABILITIES
Due depositors S. 22e l8
REHABILITATION
Total assets S. 3G 36
Due depositors 522y.lS
EDWARD B. WESLEY