The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-29

Heavy Operations"
There was probably larger crowd around the
defunct Atlantic National Bank yesterday morn}
Ing than there had ever been during its weaklYt
existence. Inside were the usual clerks the offiA
GERS, including that good old gentleman, MrsS
SoutAw0rth, besides Mr.. Charles A. rMeigs, the
National Bank Examiner for this district, who waa
appointed to the position OF receiver on SATURDAY.
evening. There were also present Mr.. Tappan and2
the other members OF the Clearing House Come
mittee. But 1t was outside that the most inrerest>
ing scene was taking place. The depositors, many
OF whom knew nothing OF the affair until the publ
Hcatlon Of the particulars Sunday morning, had
come down at an early hour, and had waitel
patiently, some OF them for couple OF hours, bed
fore the usual hour OF opening, in the hope Of beinS
first. With these there seemed to be still soma
latent hope that they would get their moneyA
Many believed that the bank would make some :
STRONG EFFORT TO RECOVER
and open as usual 1t was only despairtng nope
however, which sustained these, and they weref
rapidly undeceived when the hour OF ten arrivedsk
Others seemed to have some indistinct notions Of
seeing Taintor come down to wind up the concern =
and the manner in which these gentlemen spoke o1
the absent cashier would perhaps have even sur4
prised that cool individual himself. One sad '1'd
just like to have that fellow for five minutes and
I'd be willing to go up for it." Another exclaimedx
~ don't care SO much for my money but II don'a
follow that Taintor up it faint bit Of my faulta
1t was bad attempt at Joke but was hugely ap4
preciated. With the exception Of such ext
CARNATIONS these the two or threa(
hundred depositors about kept remarkably
quiet, mainly engaging in discussing thal
affairs of the bank and looking at thet
printed slip, cut from the HERALD, announcing Al
meeting OF the stockholders to take place at thre
O'Clock. The main opinion was, OF course, q very
strong prejudice against Taintor but alwaya
equally against the officers Of the bank, who, It'd
seemed to be the general impression, were In thee
"steal" and knew quite well what was going on.
When the hour of ten arrived there was rush
for the doors, which remained closed-that is. a
bar of iron had been placed across the doorway
and powerful young man stood on the other side
to prevent any entrance being Effected Some Of
the depositors in the first rush succeeded in get<
ting past the strong young man; but the main
body was kept back and spite OF the utmost strOnef
language they could use, did not make any breach
in the Constructions. A HERALD reporter was carr
ried along with this tide, and OF course got in.
APPOINTMENT OF A RECEIVER.
statement was made by Mr.. Meigs, temporary
receiver, that he had just got telegram from Mr.
Knox, the Comptroller OF the currency. appointing
Mr.. George E. Strong, a lawyer OF Nassau street,
receiver OF the bank Mr.. Strong, on being notify
fed, was promptly on hand and took charge Of the
institution. The HERALD reporter saw Mr. StrOn q
q few moments after he had been installed. Thia
gentleman said that he would go Immediately to
work to make up statement OF the affairs OF thea
bank, but it would probably be some days before III
was ready. In the meantime he put himself t09
work 1t and did not leave the ONCE until late ind
the evening.
Mr.. Meigs, who gave up his authority to Mira
Straus, said to the reporter that lar as he was
concerned he had done nothing since his Stature
days work to make up the condition OF the bank.
and that the condition substantially the Samel
When Mr.. Meigs was asked by the reporter how IL
was that he had p Onounced the bank to be In al
good condition, Mr.. Megs simply answered by
showing the reporter the statement OF his last ex1
animation OF the bank, which gives a most periecty
prophecy of how affairs since turned cut. Mr..
Meigs' statement ran as follows:-
REPORT OF THE BANK EXAMINER
NEW YORK. October IL, 1872. [
To COMPTROLLER OF THE CURRENCY, WAsnINGroNJ
d. T..
ATLANTIC NATIONAL BANK NEW YORK.
Loans and discounts $685. s7s}
Suspended debt. 1856 9A
Exchanges and cash items 1S6OOU
Legal tenders ............... 2S 500
National bank bills and gold. ACKNOWLEDGEMENTS. H,0A
Capital. aD.a'.' soooou
surplus profit $1,000
Deposits. 730NA
Deposits Of Treasurer State OF New York canal 49,.
Tolls. lUoUUh
The Bank Examiner then goes on, in the coursel
OF the report, to make the following important
statement; at all events putting himself clean up0D
the record
INSTITUTION INVOLVED LAST OCTOBER
notice but little improvement In the affairs of this ina