The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-16
L00kING rOR THE ,SsErs.


Christian schwartz, the President, and
sch ruer. the secretary ofthc German Uptown
Savings Bank. ,Ve not been seen al the bank or
their usual naunfs tn the city since tue suspen-
SION Every day d vclOps some ne y fraud or I'M
proper Transaction. Mr.. Schwartz. who has been
hankrup. for some months pa-t.was interested In
the Empire Laundry Company, to which $4,000
was loaned on very Questionable security.
worthless check for 800 his also been found
among The assets as cash. and Ss5.DOl ~ unne1O-
Il BILE Town bonds. Inc arrest Of Aiou Lev n
ger l. criticised ~ some of the deplSitprs ~ IN
junuus to their prospects, Of oot aiming the
money Tor wuicb he 1. Responsible. Levi lscr j.
PARTNER ~ brewery, and has rich relatives
and Il Is believed tn Al II allowed 70 ~ ON with
uuf eXuO-urs he could nave settled within % few
months. As Il Is. his business - ruined. he Viii
PR |uulv bc thrown over tn bar. aud MS rela-
i've, VIII have no Incentive t. I'VE MIN from
the disgrace with wnirh he Is already over
whclmed. Orders u arrest are waiting for
: nwarz and : IA finer as soon as they make
Mr. Herman nj. the receiver Of the German
Uptown. IA liborin9 I'd st tho BOOKS nf tha
bank, ana will spar, noenorts u bring u justice
all VINO hav. uisused tue funds.
Tue stoekholders OF tue Manufacturers and
lain ex trustees Of tue Tnird Avenue Bank.
tired 10 start new concern in the Ntueteeutu
ART. have given M the project, ~ It received
Ala meeting OF the com mittee Of Third avenue
deporitor-, yesterday afternoon, Nr. Asnpel L.
itch was instructed e prosecute ciiminaIlv
other trustees II the lhifd avenue peeides hose
already Rrreste q. prominent Republican
Official VITO ~igned one OF the bank reports with
In ,uree years pas Will, II Is said, be proceeded
axtinsi.
Mr.. ". +. Adrich. receiver Of the Mutual
Htnent Saving, Bank. has b, en- connected with
TIE - L. Is uking Department, INA was one Of
the examiners VINO reported the Ihird Avenue
bank to Oe IN good cOnditIOu. when Mr.. Hen
messy showed Il to be insOlvent.
Inc dtpOhitors OF the Peoples Bank had an
exciting meeting, J. st evening, AZ 10 nird ave-
hue. MIR. kchards, Of the committee which
lad been app inted Ia visit Mr.. j. taC '. frrn H.
the receiver, reported that Mr French had gwen
hun the following statement Of the assets ana
Liabilities:
ms and mortgages about ...t...............f 5000
Nnrn Carolina STATE bones. pArN ue..,....... luipo
Bonds OF trus +'pp
Total assets .Sll3oO
LiABfLiTirs
Due dcpostOrs, tlShOO0
Besides the above assets there Ia about $40
cash on hand. neduc IN the trustees bond,
wnicn IL assumed to De almost worthless, anu
the North Carolina bonds, winch are worth a
few hundred dollars, and allowing that tue
mortgages are all sound, the bank has about
$40 To meet $4,000 ur less tnan thirty ceuts
on dollar. The cost Of winding up the con-
Germ must also ue taken out al the assets.
DR.. j seph MoI6head, Tue Chairman, reported
thu he had visited Mr. Fieuch for informal oO,
and MIR. French tod HIM that when he wanted
his advice ho would SEM for MN. 1r. French y
LAWYER said a. the sans Interview tnat "A otnk
winch should DAY nav cents on The dollar would
| hu dong rem rkaniy well in these times.
IL was voted To EMPLOY counsel 10 look after
| the interests OF tue denOsltOrs, aud endeavOr To
make tn trustees pay their ooni.
| meeting Of Il, plstturs OF the German Up
Town savings Bank wall be held on Friday even
! ing 10 oeterinIno whether to have tue bank re-
| open or NO.