, 1875-01-20


healthy Bta to Of prosperity. and tho fact tLat
within q week OF the publication Of ttis state-
meut the bhnk went suto voluntary liquidation.
has attracted considerable attention. Without
tho percentage Of cash moann to deposits. as
sworn to BY Il, L. Allen. Dec. u. 5G per cent,
"a larger showing OF available cash nnd exchange
IL PROPORTION TO deposit liabilities than that
55 por ceut TIRES weeks aso, where
il all tho caAh and exchange now,
and how do you account for this sudden leay,
from tho hsl. tide Of prosperity to tho shoals Of
yesterday by TatnuxE rei,oTtor to III. Alfred
SUNK tho Dank Examiner, as ]lo YRS Wading
through tho Cook County National balance
aAects. Il VAS expected, as matter Of courso,
that 3ir. spuk would rattle of q reply without
any hesitation, hut tho celebrated accountant
hesitated, looked grave, l,clnmel slightly, and
tlleu delivered liim4elf OF tho remarkable decia-
ion that "snrll Discrepancy might easily occur
iu few duys in tito caAe Of q bank tlniHg tbs
business of tho Cook County Nalioual."
Which IL
BtMPLy n--p NbNBES7E,"
exclaimed QUO of tho keenest atit s0undest bank
erH III the rity, Id tho reporter repeated Mr..
Spink'a words to him few minutes later "lt
was he plan OH tho face Of 1t, that tho Cook
County hnd tti por cent Of cash and exchange
wah the further sententiau5 comment OF the
haukor IN question. OF Mr., pcarco, Of tho Third
NATIONAL tue reporter asked, "Can such things
boz" And he, though lesa pronounced in man-
stance Ut his reply. Mr.. Allen himself was next
iutsrrogatol Oh tue point. and explained it by sly
ing TINT, without hia knowledge. the statement
Of Dec. u hal bsen made toinclude in the itei Of
caHh mud exchange the indefinite and uncertain
arrangement sud to have been madc with tho
Charter Oak Insurance Compan5--a conrso that
le did not approve Of aud would not defend.
Yot he made affidavit to tho trutllfusless Vt tho
statement! It ALSO transrires that iu tho iton
OF .sloa,lB and discounts" iH embraced q largo
t1tenletl-a PRACTICE mover followed by the t!rHt-
tlaaa ba.ka III makiug up tlalt semi. annual state
tncnta. But tirst-c'ass baAkers do Invariably
state among thoir liabilities the item Of "cer-
tilcates Ut deposit" whicl, IL not founI In tue
above statement Of the Cook County National.
l'ethaps, upon reflection, alr. Bpink might ba
milo to giyn u different theory In accounting for
these wonderful discrepancies.
JUDGE SKINNER, ..
financial asont in Chicago Of The Charter Oak
I.ifo INSURANCE Company. last evening stated to
IL THIllUSE repurtor that lie lad no knowledge oil
tho llnaMcial arrangement alleged BY AIr. Allen
to haye beeu perfected with tits Charter Oak,
though ho was aware tiiat several largo dratta
upon that Company had been addressed TO Allen.
kte,i,euB l. TO-, Now York, aut Ind always been
honored. When hs learned Of the suspension of
tile Cook County National yesterday be itllnedi-
atoy teiographed The Charior UAk Company tic
tranHact0uB under tue present circumstances.
NO DISTURBANCE
in financial matters in Chicago Is looked for
~ the result OF tue suspension uf tho Cook
County National. The city banks had Tor months
past been exceedingly chary Of accommodations
in that direction, and, In consequences, npno Ut
tl.eln are In tho slightest degree affected. The
delay and Inconvenience falls chiefly upon do
posltorB and country correBpoudents.
LII. ALLEN AND THE sTunAEs CASH.
Apropos Of the failure, the stutgea case comes
prominently iuto light once more. THO excite
lnoIt caused by tho October daals " on the
lloara OF TradD IL not yet forgotten. The pub
lio will remember how "JRck" refused TO nay
his margins and attempted such general sharp
dealiug TINT tho board Ut Directors had to take
linn iil hand, ilupoach, aud plgco him before tito
board Of Trade ls candidate for ex-
plllaiNn. The la1ter catastrophe to tho nim-
bIe Bturges waa prevented bythe interpoBiton
OF the courts in the furm Of III injunction, which
prevented further action Oh tho part of the
Hoard Of tFraue 10 fur Al the expulsion OF hIr,
bturges waa concerned. On Nov. 28, tho city
and all mon having commercial dealings ttle1c-
with, received joyous shock by the ann1unca-
1i,out that jack Aal consented 10 BottIo on tho
buBis Ut dollar for dotlar with aiI hls creditors,
under \ limitation OF sixty days. Tho creditors
Lccs}ted THIS agreeable solution OF their ditli-
Guilty. but began to woador Why ''Jack." It he
| reully Meuns business, should mt them back
| for two mouths. 1t was theu. 1nore than wliY-
rered, both on Change. aud in ths streuts,
to t.one ct liking J.e @ tst s1nss ssana
was lut the hguss-Aead sud tie banker