The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-22
THE BULLS HEAD BANK.

Interview with Mr.. WtlltamseN@ThC
Cause OF the Deficiency Yet . Mystsry-
Application for . Receiver Made to
Justice Fancher-Mr. Edward stephen
SON, OF the Fifth National Bank, Prob.
ably the Man.
The Bulls Head Bank remained closed all day
yesterday, and none but depositors and those hav-
ing business with the of1cers were admitted. Mr..
Erastus Mead, the lately elected President, was
kept busy all day answering in person and by let
ter the numerous inquiries made OF him regarding
the condition Of the bank. Its probable losses and
the amount of money the depositors would receive
The Twenty fifth street entrance Of the bank
was guarded by two policemen nom the
Eighteenth precinct, VINO buntly refused
every one admittance who was minus a
bank book. After much delay and deal
Of coaxing they were prevailed upon to allow the
HERALD representative to pass in and see the
President, Mr.. Mead. At first Mr. Mead was very
reticent but after little while he became slightly
communicative. and said that. as yet, there had
been no new developments In the affairs of the in
stttut1on. He continued 1.-THE clerks are hard at
work, but 1t will be several days before anything
like correct estimate Of the losses can be made.
All the books Of depositors will have to be pre-
sented before we viii be able to state what our
losses are, and even then our figures win not be,
exact" He told the HERALD man that II he would
call later in the day he would he happy to give him
ADDITIONAL INFORMATION
regarding anything that might have TRANSFERRED
Knowing that meeting OF the directors was to be
held the party addressed waited in the bank until
they arrived, and, when the gentlemen went to
the presidents room, the floor over the bank, to-
hold their meeting, he requested admission, but
was refused on the ground that the meeting was
informal and nothing In reference to the suspen-
sion would done. Failing Of success In this quar-
ter, Mr.. Richard Williamson, the late president
who resigned shortly before the mutilated books
were discovered, was called upon at his
house, No. 1873 Fifth avenue. Mr.. Richard
williamson, Jr., saw the reporter and protested
himself willing to mpart any information that was
in his possession. He said his father was engaged
at dinner and he did not care to have him dis
turbed. After reviewing the story OF the suspen-
sion, as told in yesterdays HERALD, Mr.. williamson
said he had nothing further to say, and was about
to retire, when Mr.. Williamson, ST., came from the
dining room and, in an excited manner, said he
son tried hard to make hiIrremain silent. but the
old gentleman, who Is very nervous person. In
81 aDd
berry sauce, he was unable to make himself INTEL
ligible, but after strenuous effort the mouthtul
was swallowed and he answered the following
"Mr. Williamson, it has been said that you are in
was made of the funds OF the bank2"
q! do not know anything regarding the money
that it is claimed is deficient In the bank, and Of
babe unborn. l know they have been tempered
with, for H,,I, have seen them; but beyond That
"You have heard the report that you were q
heavy operator in real estate while in the office Of
ii have and most emphatically deny that was
any more Interested in real estate during my pres.
idency, than was before it. MY son and myself
'Were you requested to resign by the directors!n
mo, was not l resigned on account OF i'll:
and my doctors advised me to take vacation" =
"In reference to the directors, Mr.. Williamson,
was there any division among tAemw
''There was not. On the contrary they were In
unison, and there never was rupture between
any of them either as directors or as private indi.
ssDld they as body do anything to hamper the
workings Of the bank or in any way disorganize Its
ssNo / never heard It said that they did,"
Mr. Williamson said that he would like to have 1t
known that he Is as anxious to have the affairs
son are among the heaviest losers, they being
stockholders.
At aye O'Clock Mr.. Mead was again called upon.
He said he knew what action had been taken by
the Board OF Directors, but would tell nothing fur
ther than that Mr.. Wiilett the cashier, had been.
amined. The deficiency Is not likely to amount to
more than $1O0 900; but this is mere speculation,
although Mr. Mead is rather dognatic in his
statements.
APPLICATION FOR RECEIVER.
Yesterday morning application was made to
Justice Fancher in the Supreme Court Chambers,
for an order for the appointment of receiver for
the bank. The application was made on behalf OF
Florence X. Kew, and several other creditors of
the bank, in the presence OF number of de-
ward Stephenson, OF the Fifth National Bank, as
receiver. Ex-senator Laimbeer and Thompson w.
Decker offered themselves as sureties in 500 900
each, and justified In twice that amount. The
papers were taken by the Court
informed e.
porter that application had been made for re-
ceiver in the person of Mr.. Stephenson he stared
very curousy and asked to have the assertion re-
peated in order to discover II his had deceived
him. Several gentlemen connected with the bank,
who were in the room at the same time expressed
their surprise and all fell to whispering. When
Mr.. Mead was dsengaged he said, in answer to q
question: that the bank had been closed at the sug
gestiOn OF counsel.