The New York herald., 1873-09-24

aspsindsa ds3is @S iS lSaS5
CASH .s.,.-o
Legal tenders. ers.......................s ss5di,212
specie. ........'....''.. olnv3S
Bank knoies................... ......... SS1s SaSa5s
2sl2oss
Total. ...................... s., ,5as 1853
CAPITAL. sSCcsoo 9t sS9
Circulation. S2l 4o
Deposits o,%f"-''
Votal Observation-Disclosures. 8, j,6s5D'
FISK AND HATCH.
This house ia rapidly making up Its accounts and
EXPECTS 50 to be able II to business as soon
as any one. All is being done as quickly as possl-
Bile to settle up things ana put the house again on
O firm basis, but, OF course, until this trouble
passes over not much can BE- expected to be done
The statement is not ready as yet, put the clerks
are working day and night in getting 1t ready.
THE UNION TRUST COMPANY.
There was hardly beng around the Union
! no one IN search OF funds-and 1t was evident that
the depositors had given up tne 1dea OF getting
ceiver was early on hand, with the Examining
Committee, whose names have been given IN the
ERALD Tney were s aS wSr1 t si aay eSnsnns MY
The missing cashier, Carleton, has not yet been
heard irom The Trust Company are assured to
have him on hand as he appears to be the only
person who can give pretty definite idea OF their
affairs and how It really stands. Mr. Wesley states
that If Carleton had renamed at his post Of duty,
on Friday last the company might have been still
all right andl that it Is doubtful If his alleged de-
facation would have been discovered. 1t is clear,
however, says Mr.. Wesley, by this tlme "that
he did not precisely steal but rather lost the money
1cent security and specuiatng rasny. whoever
his brokers were. when discovered, they WIN come
In Tor their share of punishmentin In all probability"
petition was mace out yesterday to have the
Trust Company adjudicated an involuntary bank
Newport 1t is rule in courts not to disclose the
name OF the petitioners n bankruptcy nor the
| against has been enJoined against dispensing any
OF the assets. reporter OF the ~ HERALD p.s dis,
against the Union trust Company are brokers Of
Wali street. According to their statements It ap-
pears thas the petition Is n,1 based upon allega. ;
OF the petitioners for $4,000 on the 30tf day OF
August on the ground that tho check ,h had not
snsT nat It b had and nas the Union Trust
means. This petition, il it should be successful,
would cause an assignee in bankruptcy to be ap.
A HERALD reporter interviewed Mr. Wesley, the
receiver this point, and he states that the petit
the party sought to be thrown into bankruptcy
insists that he las enough assets to meet his iabii
has much more than enough to meet all just de.
mands, the action cannot be taken against 1t. Mr..
Wesley says that the result Of such course as
blow, and would tend TO place depostors in 2
pSssn than snsy are in
Company have not asked the Lake Shore
to pay their Indebtedness, as. he says that
money that the company should never have sus.
pended, as the depostors were as willing to take
stocks and bonds to the amount OF their claims as
they were to take money. One Of the Examining
Committee told the reporter that the members
would remain in session until statement showing
the exact state of affairs had been got ready, and
that one thing was certain-every depostor would
be paid in full. one OF the directors said that he
could not state precisely when the company
would resume business; ,. that attachments
alleged deaultcr, held, and that he thought the
company would not suffer to any extent by his
operations. AS to the securities which tho com.
pany held, he believed them to be perfectly good,
and that not the slightest trouble would accrue to
any one having money in the institution after the
| present state OF affairs over 1t would be USE
less to speculate what wOulu be done until then.
THE NATIONAL TRUST COMPANY.
/ At O meeting OF the trustees OF the National
Trust Company held yesterday afternoon it was
stated that the assets of the institution were
and that the real cause OF their suspension was
owingto the fact that they could not, during the
curties without having to make a very great sac
rihce. and this they were not willing to do.
Their government securities are all currency
skies, and are at present unavailable, as the Sub
Treasurer is only redeeming fve-twenties. The
Secretary stated to the HERALD representative
operations again, so that they could realize on
their government and other bonds without sac.
ridce, they would resume business. and he felt con-
He further stated that the customers of the
company, though naturally alarmed at
satisfied that the institution was perfectly good
for all OF its Indebtedness. IN the meantime the
drafts Of the Indiana Banking Company Of IN
dianapolis, drawn on the National Trust Company,
viii be honored by the Third National Bank, and
those drawn by Messrs. ID. Farnhan & Co. will be
paid by Messrs Porter Westmore, of No. 60
Broad street. The trustees firmly maintain that
the suspension was made in the interest OF their
customers.
The following statement made by the Examining
Committee In behalf OF the trustees will show the
condition Of the company
| ASSETS.
Other dividend securities and loans secured by '
dividend paying stocks and interestpayina
hrst mortgage bonds. nds.................,.,,. 4g5605
| LIABILITIES
We, the undersigned, committee the paft Of the
trustees of the National Trust Company certify that we
nave made careful examination the securities the
company, and find them W be accurate and correct.
| ROBERT III. BEkDELL
GEORGE A. FELLOWS
| w.