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


Interview with MR.. Willismse~-ThG
Cause OF the Deficiency Yet . Mystsry-
Application for . Receiver Made to
Justice Fancher-NIr. Edward stephen
SON, OF the Fifth National Bank, Prob
ably the Man.
The Bulls Head Bank remained closed all day
yesterday, ana none but depositors and those hav-
ing business with the ofncers 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 deposit0rs would receive
The Twenty-nlsh street entrance Of the bank
was guarded by two policemen nom the
Eighteenth precinct, VINO bluntly refused
every one admittance who was minus q
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, MI. 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
sttution. He continued 1.-THE CLERKS are hard at
work, but 1t will be several days before anything
like q correct estimate Of the losses can be made
All the books OF dep0sitors will have to be pre-
sented before we will 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 be happy to give him
ADDITIONAL INFORMATION
regarding anything that might have transpired.
Knowing that q 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, on the floor over the bank to-
hold their meeting, he requested admission, but
was refused on the ground that the meeting was
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 professed
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
wanted to say something to the reporter. The
son tried hard to make hWremain SILENT but the
old gentleman who Is very nervous person. in
mouth being full OF unmastigated turkey and cram
berry sauce ne was unable to make himself intel
was swallowed and he answered the following
questions:-
''Mr. williamson it has been said that you are in
possession OF Information as to what disposition
was made of the funds Of the bank?"
II do not know anything regarding the money
the Of the nae as 1s
babe unborn. l know they have been tempered
with. for I have seen them; but beyond That
'You have heard the report that you were
heavy operator in real estate while in the office Of
~ have, and most emphatically deny that was
any more interested in real estate during my pres
idency, than l was before it. My son and myself
'Were you requested to resign by the directorsr'
mo, was not. l resigned on account OF III.
and my doctors advised me to take vacation"
ain reference to the directors, Mr.. Williamson,
was there any division among tAemPn
''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 indt
viduals."
cpd they as body do anything to hamper the
workings Of the bank or in any way disorganze its
mo. never heard it said that they did,"
Mr.. Williamson said that he would like to have It
known that he is as anxious to have the affairs
cleared up as any one else, inasmuch as he and his
son are among the heaviest losers, they being
stockholders.
At five O'Clock Mr.. Mead was again called upon.
the Board Of Directors, but would tell nothing fur
Their than that Mr.. Willett, the cashier, had been.
up s s sK
more than $loo, 900; but this is mere speculation,
statements.
APPLICATION FOR A RECEIVER.
Yesterday morning application was made to
for an order for the appointment of o receiver for
the bank. The application was made on behalf OF
Florence K. Kew, and several other creditors of
the bank, in the presence of q number OF de-
posters, asking for the appointment Of Mr.. Ed
ward stephenson, OF the Fifth National Bank, as
Decker offered themselves suretes in $1O0, 900
each, and justified In twice that amount. The
papers were taken by the Court.
When Mr.. Mead was informed by the HERALD re-
porter that application had been made for re-
ceiver in the person OF Mr.. Stephenson he stared
very curiously and asked to have the assertion
peated in order to discover 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 disengaged he said, in answer to
question: that the bank had been closed at the sug
gestiOn OF counsel.