New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-07
LOCAL MISCELLANY.
BILLS HEAD RANK DEFABLTERs.

OA LII = hEAD DAM LII -hS-~AA~@N@'
TIIE ASSISTANT CASHIER. RECEIVING TEILKR- AND
JASrroR ARREsrED-rHE KEFEEEx-s REPORT.
Three Of the late employees of the Bulls
Head Bank l,ut not the President and Cashier as
rnored an Friday night have been arrested and are
now held 10 await an examination II IA expected that
other arrests Will follow the result Of the invesSa-
ton which is stu beng conducted by Bank Examiner
Henry A. Meigs On Friday an affidavit was made By
Jacob Voorhees, IT, charging Vim. r. Merritt. Assistant
Cashier with embeZzlement and theft. This was pre-
ented Mayor Havemeyer. and on H. by request OF
District Attorney Phelps the Mayor issued hls warrant
for the arrest OF the accused on Friday
evening Districi-Attorney Phelps visited the
bank and consulted with A. P. Cameron and others
OF the new Board q Directors Later in the evening
Merritt taken into custody by Detective Bennett
and locked up at Police Headquarters On Saturday he
was taken 20 the office OF the DistricAttOrney. and
thence 70 that OF the Mayor. The complaint against
forth that De had charge OF the general led
ger which about Jan. Is defaced. in order,
the deponant stated 20 entertainments made on
Of A Lauterhach. who had at various shines
$4,000 deposited the bank, which Merritt had
appropr1a ed 70 his by of false checks
and entries. Mr. Merritt said that utterly and
totally false hut was committed without bail by the
Mayor 20 che Tombs await examination this after
noon.
James Peck. late receiving teller arrested at
his residence FOrdhan. early Saturday by Officers
LVluG " hOurht OF me twenty AAtNAApt- VA
a warrant issued by Distriot-A 5tOrney Phelps and II
accordance with an Indictment found by the Grand
Jury. He taken before City Judge sutherland on
Saturday, accompanied by counsel and a number OF
friends The which the accused was arrested
charges IN general way that he has been guilty of EN-
oezzine the funds Of the bank Counsel for the &C
cused that he be admitted % bail The District
Attorney said that than OOOOO should be taken
This was opposed by counsel who declared excessive
and unjust Finally Judge Sutherland decided 70 accept
$4,000 bail This Pecks friends unable 70 obtain,
and he committed TO the Tombs Later in the day.
however they succeeded IN raising the amount OF surety
and Peck released
Michael Murpy the janitor OF the bank was arrested
on SATURDAY and locked up the East rweutysecond
81 Police station on charge Of attempted arson II Is
alleged that be wac concerned IN frultess attempt 70
nre The bank on Feb %. be denied al knowledge Of
TINS crime and also OF the murllsuon OF the books He
was arrested al the instance Of DistrictAttorney
ETJucrs James Emort the referee, submitted the
result ns Investigations into the condition Of the
bank The man points In his report were printed
clusIvely Ii THE TRIBUNE o. saturday The following Is
James Brewster and others 4s the P 5l, Head ,5d
referee appointed by the Oroef OF ne oupIetue
made u ms action March 81. 1873, report That
have attended By the counsel for palnts Tor the
bank aDd I2r the receiver nave eAaI-ng4 ~
Henry A Meigs. GEORGE ". Wett, Jacob voorhees, Jr
and A s Cameron. and tnat from the testimonies pro-
duced before me ne value OF me 1885, " It L
Head Bank April .. is1a A.l7522l o. 4hr alllf
ties, al or WHICH dIc presently uut Aul1uh. "a $500
ss g. The particulars Of these assets and AaJlL--
ties appear IN the schedule winch follows N aceOurt
schedule Cf the capita STOCK OF the
bank EXCEPT In the ana balance No deduction Is made
for uuredeemed circulating notes winch Wlli proDaDy
never be presented have deducted from tue value ~
Tie Oaus and discounts or the bank OF al notes ana
ents and claims Overrats which have been proved
doubtful and $1,000 for contingent losses Assuming
the statements aud proof tie condition " the BANK
made before herewith submitted % De correct
rs assets exceed liabilities by $3.50 60. This amount
is al that remains OF II capital In my opinion the
Bulls HssC Bank property and assets Sufficient 70
Dsv its debTs, and nsolveuJ. annex hereto the
following schstue report Of The condition " THIS 1dnk
~ tins date