New-York tribune., 1873-07-22
Mr.. MCCUE'S BANK.

ansKFs 30 $50 GO55Q-IIABuITIEs UNKNoWN-No IKE
PORT FoRTHCoMING-ARE THE sfoChHohpEhS
REsPoNslBIE UNDER THE cHARTER'-thh E"-
n.pp.ssarxNrs OF THE BANK WELL KNOWN
WEEKS Aso-THE STOCK SELLING AT o. ckSis'
BROOKLYN continues excited over the ueVel-
opments in the Trust Companys anairs ee'uo, A noe ,r
city been so agitated a sensation as ~ias " -
TRIBUNE published on Saturday ana suppiou s -,
terday with the facts OF JuaHe "0Nu'
estate to his wife. =, a.o,o,
Iwono ,he statements ahoat yesterday In hnancai
os ,as one 70 the effect that ihe Georgia bonds were
nesotisted by clerk Of Judge McCues ana 'hat INC
,noneY went into hs hands for speculative purposes
This ramor could not be corrooOrated out is oelng u
esigated by stockholders who have met privately ana
who have arranged for meeting at early date 10
.rotect themselves Among the stockholders the
report was current that the appointment OF Daniei
Chauncey as Receiver the application OF the counse
OF the bank Judge McCue, done to conceaI o'"ei
accounts which were "doctored" even "oiso
than those Of Mills aud Rodman. The beiet preVa,s
that every active officer of the bank is largely i" "
TO institution, though this is sustained ony oy
singular haste in securing control Of the bank OS ~
appointment Of Daniel Chauncey as Recover. Va
only an Investigation Of the books Will reVeal 'ne ~
The stockholders who have no confidence III nv -, -
Chauncey. propose, If possible to estsosn 'ue "
m examination Of the accounts for themselves
II annears that depositOrs have been aware OF the
eopdion ofthe bank for two months past ana seVerai
have withdrawn their accounts one Iaoy' uhuer au
vice from stockholder drew out oil she had eAceP'a
few dollars month ago. The olcers OF the Oc'auus
Club knew two months ago that the Company was not
safe and accordingly, drew their money out City
Clerk Bishop knew two weeks ago that it was not safe
70 deposit his receipts for city licenses with the Com
pany aud declined to do so. The President OF the
BROOKLYN Institute had 1900 In the bank, ana nearing
damaging reports applied last week TO friend, who
was a director for advice. The director assured him
fiv Not att
on Thursday to Judge McCue, who assared him on his
"honor as a gentleman" that the bank was all right.
On Saturday his check dishonOred.
MI Rodman viii probably be removed from hs
position and also from that of Deputy City Treasurer
II was through Rodman and Mr.. sprague, the City
Treasurer, both Of whom famllarly known IN
Brooklyn as McCues clerks" or both creatures Of
his political creatoul McCue obtained such large
proportion of the city funds to use in the Trust
Company.
The stock OF the Company, lately worth 125 sold
Oh saturday at 50 cents.
Another aaoat yesterday that the funds OF
the East River Bridge Company were locked up in the
broken bank The secretary Of the Bridge Company, E.
D. Quutard, positively denied that the Company had
dOiar III the Trust Company. From Mr.. Daniel Chaun-
ocy r1iver Trust Company, it was learned that
the funds Of the Bridge Company all deposited in
The Atlantic Bank BY other parties, however, the re-
porter informed that the Bridge Company had had
money IN the Trust Company, but had Oyerdrawn Its
count 10 the extent OF $1,000.
One other current about the City Hall yester
day was that last Winter William A Fowler ana William
Kingsley spent several months in Florida, ana 1t is
stated, bought there the Georgia state bonds which
wore held by the Trust Company, and which they are
SAID to have sold TO the late f. S. Mills This is given
FOR what Il is worth as reporter who called at Mr
FowleI's residence and the L. l. Club House, where
I've usually spends his evenings, could not find him
There was meeting Of the depOsitors last evening,
g.aHa a.
and action taken TO recovery of the moneys on
ASPECT OF AYFAIRs AT THE OFFICE.
Afsss at the Office Of the Brooklyn Trust Company
were yesterday rather depressed condition. No
busuess was transacted and very few callers made their
appearance Clerks busly at work in drawing up
the statement the Companys financial condition. and
viii probably finish their task by Wednesday morning
when the Examuing Committee Will make out their
report meeting Of the directors has yet been called
for the reasos that the gentlemen composing the Board
are now in various places spending their Supmcr
q us. As SOON however quorum can be obtained
meeting viii be held. Some discussion has eDsued in
regard 10 the liability Of the stockholders to make good
any deficiency to the extent of double their subscrp
tons The following sections Of the charter of the Com
pa1y show that they only liable to the amount OF
their subscriptions and no further
Sec. "a Whenever default shall be made in the pay
mcnt OF any debt or liability contracted by TINS corpora
flOl. the sO olders thereon shall DC individually re-
spopsble equally and TdtaOly Tor the amount OF such
debt or liability with interest u extent equal to the
amount OF ther respective shares Of STOCK in said cOrpo
ration.
sc. 2j For the losses Of money which the capital
stock shall not sufficient 60 satisfy, the trustees shall
DE responsible in the manner and 20 the
tent that trustees responsible in law equity.
In regard to the time of resumption Of payments
there seemed TO be definite ideas among those III
charge Of the Company's affairs Many depositors were
indignant at what they called the cOwady action Of the
directors who they said, should have declared them
selves respons bic for the Liabilities Of the bank which
they were wei able TO do. Ia this way they could have
avoided tie necessity Of suspension Of payments the
appointment of a receiver and the consequent alarm
and dIsquetude among deposlors The list Of stock
holders Of the Company, taken from the dividend st
ofMay l. 1873 is appended. Il is understood however
that some changes have been made in it since that me,
There are 5000 shares in all whose par value s SlQO eaeh
or S6O0,O)0 iu al: -----A =. '--