New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-09
MR.. RoPEsS' STATEMENT UNSATISFACTORY

MR.. ROPES'S STATEMENT UNSATISFACTORY.
srEADY WITHDRAWAL or TRUST COMPANY FUNDS
EXPLANATION OF THE DEMAND LOAN" ENTRY
DENIED
The analysis which was given in yesterdays
TRIBUNE OF the statement Of assets and liabilities fur
nished by Alderman Ropes of the Brooklyn Trust Com
pany excited little comment among the directors and
depositors and citizens of Brooklyn generally, but
effort was made by either the President Of the Trust
Company or any OF its directors TO furnish the public in
detail with list OF loans On the contrary Alderman
Ropes declined 10 give the items, on the ground that 10
do so would be an OF fathlessness on the part
Of the institution toward those persous who have Dor
rowed money from the bank, whose property
mortgages are held. He states addition that pol
ftoian or member OF the Ring is borrower. Judge
McCue who Yesterday returned 10 the city, visited the
Trust Company and held long conversation with the
President when II determined TO call meeting OF
the directors for this morning at o'clock. There was
no indication Of q run on the bank, yesterday,
although more money Withdrawn than deposited.
the deposits amounting about $4,000 as against $1,000
withdrawn The depositors are comparatively few in
number consisting manly OF the directors OF the Bank
and the adherents Of the Ring while the ctys funds
which deposited IN such large amounts II with
drawn, would il is believed, preciptate crash Very
little business done by the bank outside OF its relation
to the city. yesterday there not at any one
time than half a dozen persons in the bank.
In speaking OF the value OF the bonds OF the whitman
tic Railroad Of which the Company bolds t224 OOO Mr.
Ropes yesterday only worth go cents
on a dollar. tS5OOO, which $4,000 less than he
placed their value his st Of assets Saturday
The impression is generally expressed that when such
great doubts exist to the validity Of the securities Of
The bank 70 withhold them from the public and the
depostors longer a breach trust which will cost
Mr. Ropes the confidence OF the people, and destroy
absolutely his chances OF nomination for Mayor. His
election as President OF the Trust Company was intended
nv the Ring AS a vote Of confidence. and as preliminary
slep toward his nomination respectable Ring can
dldate. but now he stands no chance whatever
One Of the Trust Company depositors said yesterday
that he was chiefly concerned TO know that the Com
many was a cafe depository, but at the time,
although the gold check transaction was made several
wears ago there was much evident wrong in the char
acter of ROdnans dealings, so much apparent ground
for the suspicion that others still connected with the
COMPANY or at least with the political RING OF which
Rodnlan appeared 70 have been member, that thor
ough insDection OF the books and complete expana-
ton OF the whole affair was emneDty desirable 1t IL
all very well TO say that the Company has gotten rid OF
Rodman but have they also rid themselves OF those
who made Rodman's dealings possibility
NO INDICTMENT OF RoDMAN YET.
ROdman vet laDguishes in RaymOnd-st. JAN
andhs case will soon brought before the Grand Jury
Only 10 persons out Of a panel OF 20 yesterday IN
ssered 10 their names this number being insumcieh'
for business. the Grand Jury were not impaneied'
long consultation took place, yesterday between Cor
poratiou Counsel De Witt. DistrictAttorney Cuiien
Hugh Mclaughlin, ST. aud State Senator Pierce IN re
grd 70 the OF FodmGn. The question WAS ais
cussed whether HE case should be brought before tn'
Grand jury OF The General Sessions which will be I'M
paneed tOdsy The Grand JuFy Of the Court OF Oyer