The New York herald., 1875-11-28

Excess OF assets over liabilities $b.9Os II
Appended 10 the above a notification as follows:
'Nr Reid the Bank Examiner, authorizes the state
ment that the bank IS unqnesronably sound
As statement 10 the general public the above state
ment might be considered entirely satisfactory but
there s item charged asset at $795 SOP 55 for
the building and lot which II is difficult TO understand
The original cost OF this property was stated in yes
terdays HERALD, SIS AGO 4S Its market value the
lst OF January 1875 forth in the statement made
by the bank on that date estimated at SST, 400
probaoy ayery full eslmate) and now II is appraised
by the Bank Examiner $50, 600 Real estate
owners, bank presidents and others residing Third
avenue say that II the building and ground were
sold $50 600 would be an extraordinary good
price II will, therefore be that instead Of an ap
parent OF assets there will be a deficiency Of
nearly 81, 600 The depositors It is understood
tend 70 cali meeting early ~ the week and appoint
committee Of Investigation
MANUFACTURERS AND BUILDERS
The receiver, Mr. " A Butler, took possession OF
this bank and its concerns yesterday and at be
10 overhaul the accounts His official statement Of
assets and Liabilities Will not be ready for some days
Mr. Davidson the late President however, wishes IL
distinctly understood that the olews loan was long
thrown and credited profit and loss that what
is realized the outstanding debt Of $50 900 for
which there the bonds mentioned IN yesterdays
HERALD coaterall viii be simply so much profit,
and Will 60 set-of to the loss capital stock
THE VALUE OF A STATEMENT
The following statement in regard to the condition Of
the bank made by Mr. De Witt c. Ellis the Bank Su-
perintendent the 18th day Of October 1875, when
the bank had known deficiency, win be interesting at
the present time
Bank Department. State o. New York-Know all men BY
the .ssss presents sha. De wiz 9 Ellis Of
me 81 9s state o. Sew Lork having
the and liabilities Of the and Builders
Of the provisions Of said statute the said sn
Of a So ys na M in
OF one hundred and eighty thousand dollars $4,000
they existed the morning Of tho 18th day Of October
1873 before comm encing business on that day;
es on h h is 9 o
IL 81 In the year one thousand eight hundred and
De WITT c; ELLIS, Superintendent.
State Of New York City and County Of New York
Of andI erk
Of the Supreme Court Of said state for said county do
@ a On s t NE S'R Whole s u e
original ndorsed filed and recorded l4th October 1875
In witness whereof have h-rsuno subscribed my name
H. 81 sa and A1st s4s my Official 'os MS lt,h day Of 90
Flied the Bank Department the State Of New York
HENRY l. LAMB, Deputy superintendent
Also the following statement made by the cashier,
Mr. David Morgan Both these published officially
on Eo7ember26:
Statement Of the Manufaeturers and Builders Bank To-
Gated the city Of New York Of the daily balances
Laws OF 1888 for the week ending Saturday morning No
Average Of loans discounts .s457 $50 81
state Of New York city and County Of New YorE So
DAVID Morgan cashier Of the Manufacturers and Builders
and COUNTY being duy ,won densse and that sae fore
goinS statement correct TO he beat q ny knowedge and
Subscribed and before this 22d day Of Novem
ber ls75c scaATNK Notary Public, City and County Of
INK PEOPLES BANK
NO new developments were discovered N regard to
this bank YESTERDAY None Of the officers visible
at the Offices and the only thing that notice
posted the doors follows
( "Pending the action OF the Attorney General ofs
$the State this bank VIII neither receive dcposts$
$nor pay drafts
The Attorney General, II Is understood will make the
application for the appointment OF receiver early in
the week The trustees to hold g meeting Mon
day Afternoon
rHR CENTRAL PARK
pvng and nd rdn he
trustees is sad waiting the action Of the Bank
Superintendent and Attorney General, although IL is
believed they intend TO subscribe among themselves
the whole OF the Indebtedness the depositors
and speedily lquidate the estate.
OTHER BANKS
There was apprecabe any OF the other
savings banks IN the city during yesterday but the
smaller institutions, both up and down town, in
some Tepidaton az 70 Mondays results Should there
be any extraordinary demand made they announce
their intention 70 avail themselves Of the clause the
law requiring sixty days notice Of Withdrawal