, 1874-01-23

D. D. ace of that permission. 1t will be
renetnbered that at the meeting OF the creditors
Al ,be United Security insurance Company, held
ghen the first dividend vas declared. they
a3nnted resolutions praying Judge Dlodyett to
a-:ar the Assignee to take the funds OF the
nanIrupt's estate out OF the Mechanics National,
.rn;ch request was refused. The wisdom Of the
,-[aitorz' application il now indicated. Another
d;r;t1end was to have been paid next Monday,
eud ncrlaps may be: Register Hibbard WAS in
9orraed quite recently By the Cashier OF the Me-
ri.,i3ica' National that it would be paid when
rallied for.
RESOURCES.
THE last statement of tho Mechanics National
ahored less than $4,000 iu currency, or about
one-third OF the reserve on capital, SURPLUS. aad
circulation demanded by the National Currency
act There were other cash items" amounting
~ e25. 600. There is an item Of $204 900 due
from banks and bankers, and the presumptlon m ls
thst very large proportion OF this due from
liz Marine Company, OF from Mr. scaunon rs
aprivate banker
TIE MARINE COMPANY
h.s been virtually suspended since the panic.
i is not paving its depositors and has endeay-
ored to settle with the most lmportunate cred
ito.s by giving Mr.. Scammon's longtime paper,
secured By second mortgage on some Of his prop
CIV. The condition Of this institution reverts
in the eud to the condition OF
MR. scA,fa1oS's PERSONAL AFFAIRS.
How much and how soon the several banks
hanks CQutfOtEu UT 0CaluElUA WILL OE aUio
u par can only be determined by the available
it, of A1r. Scammon's paper Mr. scammon has
bseu treated With commendable fofbearance by
lis creltors, aud re understand chat toey are
mt disposed even now to press him If he can
show a reasonable probability Of going through.
From trustworthy sources We learn that Mr-
Scamnun has borrowed upwards of @G5U, ,OO0 by
G1st mortgages on lis buildings and rea! estate.
Before the fi1e. he WAS estimated to be worth at
least 81 500 600, with an income OF over Sl0o,o0o
f,So fNr1T
property, leaving him still rich in real estate,
though not in income He has expended about
s1,0U0.000 in rebuilding, but his choice OF
loc.tions proved unfortunate, aud be reoelv-
ed little in the way Of rental It !s
tie belief Of gentlemen well qualified 10 form
correct Judgment in the matter, that Mr. Scam
uon viii come through all right If he Is not
pushed to the wall. and that the anticipated I'M
uoreuent IN the tone of the real estate market,
i it comes, will put him fairly upon his feet
again. Others, however. are not 80 hopeful.
MORE DETAILED STATEMENT.
It is known that Mr.. Scammon owes the
United States Mortgage Company the sum
Of 5000 in gold, secured BY first mortgage
On sone of his properly. The interest OH thus
sum, also payable in gold, vas due 2 DEG. l. out
esrly this week. by direction Of the foreign and
!.uericau Du ectors, that. if tho interest Is not
paid bv the end Of the week, the property will
BE- advertised for sale under the mortgage.
Tie exact sum which Mr.. Sca1nmon owes the
Connecticut Mutual Insurance Company is not
known, but it is believed to be IN the
ueiehborhood OF s4O0, 900, and it is also said
that the interest duo some time since WIS passed.
These loans ale also secured by first MORTGAGES
on property OF a value largely IN excess OF the
amount of the mortgages.
In addition to these main items, it ls probable
rh1t Mr. scammon owes At least S2oo,uou 1o
!ho Mechanice National. Marine Company. and
otner creditors who have advanced monev on
eo11otar71a fIA OF SDO. NHj
.,ara Tsr i,a set down as interest mast due and
anna;d, anna All this. Of course is matter OF esti-
THE RECORDS or THE LAW COURTS.
AZ e,oIa,,,o1' ] ,,.1 ,notler nnrty. on a promis :
49, 49,. na.a for am nm Saturday Henry 4
oas ,od a ,,r,ecne in assumpsit agaiust E,
= Long and J. y. sca,rnon, claiming S5o,ooo,
and another against the Marine Company for
F.schar uae Iecovered Judgment against him By de-
f,,,t ~ he am of Ed. QUO. There is also q
in1~ment IT. aoninst him. now pending in the
United States supreme ent ~ ood pIa..,ai ~.
Judge Drumnond, to recover =23,'1oo cIai"en a. ~
s4,o.nt il secured by an nppea1 bond The fol-
lcx;o0 adrart1son,cnt LAS been appearing in the
Tos: mi 1T;il for some DAYS:
1ERUsTEEs sALE-WHEREAs J. YOUNG ~; sCA1, AZ
mon of the C1tS OF eMca9' s@a4 ~ ~ ~ 1oo1 r
saneS o. "a aa eern trust deed Of the premises
fla
hefeinafef descfaneo. 10 secuie ~ ti 80 naad M rcn
crt4iu Fronssory no;es dan s ,aers daia iha drst
5lF des' 1ned "h3en ~ sao % o5e% - J ~ the r.
d4s OF ostooer, - 1ot& an 4s co. of Ininn;a IN
eerdes once OF GooA Souuy; ~, ~, rha-ssa d.
9s ~ Of keeofas u. r. page ~ az thre Ia of the
11tt naa oeen niaue ~ tue -! ~ Ia,rr31Aad ns
19tes III said trust decu ncntioo @ - 1oo 5+ad 97
3u1ows. 70 nt. one no'e eftar to da:c. one noto
5,r 90, e H;7 sn d"tc1 Nor. /. 1871, due ono
Trar ,fer t1ate and oue note for s1,677.50.
l4,ed Nov. /, 1s5l. due two years after
oaie each pa5aoie ~ LIZ 10 III oo-,t ,ar ,nnnm
saso, WIN Heass a;3,o5 ~ ;n,erast 1eavahie an
ru.T - -. -. ..hor 4,r-n interest payalie semi
AusA5, cna on tne oAaet 49, : ~ cnrt ri thp
ne nG the n|eises hereinafter described
Ind whereas, ihe said notes, with interest thereon as
tvtoTs: On the first above described from MAY .,
16i2 and On the third, from Nov. l. 1e':, are que
~ aAeu 80 1o. f,o,,, Qant IN 'ta;o and
spoHc.lson hayino been made to the undersigned to
I'll soid a; ong fo ths provisions Of said
stust deed: Now therefore, public noce a 1s s9;
aa at re ~ authority in him
b. t.1 ano " si.ine " We Neated vii On Friday,
e 10Th day ct January, l. D. 1874. ut the hour Of 10
O'Clock in tie forenoon, the nozthwestcrly door Of