Los Angeles daily herald., 1876-01-25
Make it Clear.

wake III Jiedr.
The Express, which seems to be the
official organ of the assignees of TEN
PIE & WeRKMAN's bank, semi-offi-
cially announces that the assignees
will soon give the public full, fair
and satisfactory statement of the fl
nancial status of the bank. Though
the assurance of our cotemporary is
no guarantee of the fact, we sincerely
hope it may prove true. In order to
make this "full, fair and satisfactory
statement fully satisfactory to those
not familiar with the ways that are
peculiar of modern "double entry,n
the simplest process should be adopt
ed. The creditors of the bank will on
ly be satisfied with an honest balance
sheet showing on one side the names
of those owing the bank with the
amount and accruing interest set op-
posite their names. On the other or
debit side the names of those to whom
the bank is indebted with the indivd-
ual sums set opposite to each. The
accruing interest and whether the in
debtedness is by note, certificate of de-
posit or ordinary deposit should be
clearly stated. Also the amount of
mortgaged Indebtedness should be
given. Then give the assets as plain
ly as possible together with their real
or supposed value. Such plain, fair
statement is due to this community
and necessary for the protection of
creditors, many of whom are liable
through an imperfect understanding
of the real condition of affairs, to part
with their little all to those who will
take advantage of their ignorance and
purchase their claims at a ruinous dis
count. 1t is the opinion of all that if
Messrs. TEMPLE & WORKMAN have
used ordinary business tact, their as
sets will fully equal their liabilities,
and we may add that if this expecta-
tion is not realized, the opinion will
prevail with many that the owners of
the bank have been the victims of
transactions, which, but for the ex-
pansive character of the word finan-
ceeringn would be termed unfair deal
ing, and the fate which overlook the
bankers in England referred to by the
Express, should be that of the parties
thereto. Mr.. TEMPLE was not q bank
er. His Kind heart and yielding dis
position have ruined his financial
prospects and endangered his noble
estate. Those who study to fathom
such natures as his marked him as
their victim. His money went hither
and thither on security not worth the
paper on which it was written. Many
Cf Mr.. TEMPLES best friends-good
men; business men-saw but could
not check the wasting process. They
stood off and predicted the inevitable
crash. 70 late to save his fort une, Mr..
TEMPLE realized the true state of af-
fairs. But rich or poor, he has not lost
his good name, and for the sake of
that-for the sake of those who have
not and will not believe him guilty of
intentional wrong-he will, we trust,
see that the strictest justice and fair
play is extended to those whom COM
bination of unfortunate circumstances as
have made unwilling creditors of his
bank. If he feels that fairness and
Justice will not be accorded to all, let
him defeat anything like unfarness
by voluntary bankruptcy, and thus Sc
cure that relief that the law guaran-
| tees both to himself and his creditors.
We trust all Will be satisfactory, but
we cannot but regard these semi-offi-
cial assurances made SO far in advance
of the report as being in bad taste and
calculated to excite suspicion, that
they are intended torrepare the minds
of the creditors for something they do
not expect nor wish to hear