The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-30
THE BURST BANK.

No Statement Yet from the Receiver
Conference with the Depositors' Com.
mfttee Observation-Disclosures Indicted by
the United states Grand Jury-Hosv
Wall street Feels About the Case.
The excitement had greatly died out yesterday
about the Atlantic Bank, though the effect was
probably greater than in Wall street yester.
Gay morning, when the most. intense anxiety
existed regarding the condition Of other banks.
During the morning the scene around the bank
was about the same as on the day before, though
as the day wore on it subsidized somewhat. Many Of
the depostors called around to hear the news and
went away without being let in. The orders
were as stringent as ever about letting
people In. The new receiver, Mr.. Strong, arrived
at the bank at eight O'Clock in the morning,
and shut himself up with the clerks They then
began thoroughly in earnest an examination OF the
boxes containing the securities. The first box
taken In hand contained securities amounting to
about one hundred thousand dollars The great
them doubtful, and only few OF them actually
bad, perhaps seven thousand dollars worth. There
are four OF these boxes containing securities yet to
examine The receiver has employed two OF the
clerks in the ONCE to help him in making up the
accounts. the HERALD reporter had q short inter-
view with Mr.. Strong, who said that the
and that things In the bank were quite as bad as
to do and 1t was doubtful il his Official statement
would Oe ready for three or four days, but directly
he had 1t ready 1t would be given to the press TOR
publication. AS the receiver was talking to the
HERALD reporter Mr.. Southworth came behind the
latter and shook his head very urgently at Mr.
Strong, as II to say, Don't tell him anything
The late President also got very angry with clerk
for telling the reporter some news The corrected
list or the losses suffered by the bank lin which an
error was inadvertently made in yesterdays HER.
ALD) foots up 1884, 900 In the bulk
The impression gained ground yesterday, es
pecially among the committee OF the deposltorsr
That some OF the officers OF the bank besides the
cashier were concerned In the frauds which have
been perpetrated, and this is, no doubt the
reason why the examination which is now going
on Is kept SO remarkably quiet. Several OF the
committee OF the depositors had no hesitation
about giving this as their opinion OF the manner In
which affairs were conducted.
During the afternoon the committee called In at
cosetcd with him and the late paving teller for
some time. There was great deal OF loud talking
aeoat the TACT Of the bank receiving aep9s t , On
bank must suspend. One OF the committeeman
characterized 1t as gross fraud, morally as bad as
the crime OF which Taintor Is accused. The result
OF the days work by the committee and the re-
cever may be summed up as follows-
THE LAST STATEMENT OF LIABILITIES.
Individual deposits 3295973 Sc
Bankers balances WlR VI
Western Union Telegraph Company ........... Ss9S Of
Ceriincates oil deposits. LILO u
Total si26sS ~
In the addition OF this the committee made q
time.
Taintor was again seen yesterday by some OF the
ucposltOTs, uut refused 10 say anything. VI Tue
$4,000 OF the Atlantic Banks money which was
deposited in the Gallatin Bank on Monday S125,0O0
was taken away by order OF the receiver and placed
In the Sub-Treasury yesterday. With this divi-
dend will soon be paid 10 the depositors The d.
rectors held no meeting yesterday.
TAINToR INDICTED.
II Ia probable that there will be no examination
today before Commissioner osborn in the case OF
Taintor the cashier OF the Atlantic National Bank,
as Mr.. Bliss, the United States District Attorney,
has presented to the Grand Jury an Indictment
against Tantor. and the Indictment has been
found. This is q matter that requires the fullest
examination. Aside from the action OF the District
Attorney, whatever 1t may be, there will probably
be the most rigid and searching inquiry into the
case.