, 1876-04-26
THE CITY NATIONAL.
3 Bnnk-Exansinor Watson ut Work
on tho Books.
to Roorganize the 0oncern...
Petition Of tho Depolitors.
Surprise in Washington nt tho Suspension
-..Tl,e Shareholders.


Dank-E1amincr Watson returned from Wis.,
! consiu Yesterday morning, and, Aftor " cleaning
up" M tho usurpiug Mayor clasa!cal1y expressed
| II to King Katakaun, proceeded to the City Ma
tloual Dank. whore he remained all day examine
| ing the books and records Of tho institution.
In this ardnous task lo was aidel by President
Bushnell. Cashier Minor, and Tho various book-
] keopers who have buon identified with tho bank.
Late III tho afternoon n TRIBUNE reporter
dropped In to ascertain tho progress OF tho
work. and with tho hopa Of obtaining an III
talitgiblo statement ot tho aasota and liabilities
| Of tho suspended institution. On applying to
Danti- i-Examinor Watson for Information, tc was
| informed by that gentleman that ho had not
| completed moro than ono-iialf Of tbs task, but
ho hoped to hkyo Il done this evening.
" "Then you will have no objections to turnihh
The TRIBUNE With copy of your repost2 aad
the newsgathetor.
"Yss, sr. haTe."
II cannos furnish any ono With copy OF my
| report to tho Comptroller Of tho Currency With
| out bla permission. hm not allowed to do Bo.''
| THAT REAL ESTATE,
"Nlr. Bushnell" said the reporter " notfcs
! in this mornings Ta1nuaE that the doeds Of cor
| tain parcels ct property transferred 10 YOU by
Mr.. Miner we're paced on record Yesterday.
| Waa this done BY Mr.. aiiuor for tho bencdt Of
tho hank, or Ia It 8 private transaction ~
II have not Jet tnado any statement, and am
not prepared to mhko any now"
"But II it was dono for tho interest of the
bank, .uhy not lot tho public aud tho depositors
The ultimate ability Of tho bank to pay"
A hurried oonsulthsion wna held hosweon Mr..
Bushnell. Cashier Miner. and Mr. Watson, over
tho momsntonH question propoundod by thu re-
porter, and after tho 1Apao Of couple Of mtu-
utea tho nnBufr Was returned:
Partially fur tho 6cnehs OF tho bAnk."
eau sou give mo an idea aB to how much 7"
"Wctl, no, cannot. It ia partly a private
Transaction and partly bank ono. and the two
At thia inRtant the Assistant Cashior appeared
on tho sceno aud stated: s'lf you want an itam
OF nows you may stato that there ia : movement
on foot to
uEondAx1zE THE nANK
and continue tic business"
'Do you propose to tako In now cnpital2"
Yos, VIC are negotiating for prominent locnl
capitalists 10 take hold OF tho coucorn and put It
conaplIsned 10 justify mo To saying II will bo
dane."
"Can't you turn to your books and give mo tho
amount OF your nssolB, Which are convcrt,ble at
once, the amount that can DO converted III two
or three months, OF six months, aud the amount
of suspended paper which sou aro carfylng7"
- could only give you tue approxlmase
amounts nov, and they aro Of no uso fn showing
tho condition Of tho bank. Bcsldea. the depos-
itorB who hayo boen In here to-day: bayo not
sakod any such questions. They arc tho only
opes Interested. and, when shey don't t,why should
you hsk such questions" -.
+" nus Tns 1fnl9ysE would like to know for tho
Tho dorositors don't shk to know then rhy
ehould tho public !"
''Tho suspension Of bank la matter OF pub
lio interest; aud tho dotatls of It's affairs sro
equally 60"
rnE rErrr1nn
"Sen here, look ut thih petition. Head It, anil
you will SEQ that tho depositora hayo confidence
In lib, and tell you TINT tho bank 0il! eyentual-
here"
Tho following ia Tho petitions:
cH1cAno, APRIL. ~: ls7a.-rhe Hon. John Jay Knoz,
or ~ M c9ssv ms xv,. no Rnnh " who
fully pray that .sd bank may DO allowed to 20 Into
satisfied thnt ihc bauk can Ia thst manncr adjst IL
Affairs md pay .ts liabilities moro quickly aud sals-
factorily than 10 any other way.
Yesterday afternoon tho petition had received
the signatures Of dopoaltors whose dopos[ts ag~
grcHass alniost R250,000.
Finding that no more information could be OBJ
tanned, tue reporter withdrew.
Metropolitan Printing Company, Of ohtch D. P.
Burr WAS Superintendent. to do likewlse. It
closed up Monday eyoning and tho men o1n-
ployod tlleretn wero discharged. It Aaa boen
luSlQR EoUCoEQ 1QI b0IUD LltDGs
Special Dtspa'eA 70 The chtead" Tribune.
WAsnINGTnH, D. c., April M.-The Yatlure Of
tho City National Bank. OF Chicago, waH grcat
snrpslBo 10 the Comptroller Of the Currency.
Tho latest reports frDul tho bank hayo showed
1t TO bB ia q favorable condition. aud thero WAS
nothing either in tho Ihat report OF the Exam
inar or IN tue last regular report frou. the bank
witch could load tho authoritos hero to beiioye
that tho bnnk WAS not In q sound and healthy
condition. Danx-Examlner Watson, iu his atase-
ment Of Feb: y. Which ls tho laBt regular stato-
ment Of tho Examiner. reports tho capital stock
slB,792; individual deposits, S45G,0o0; due to
National banGB and State bauks, s5i9000.
From tdH Htateucnt tt appears that tho 1lnbili-
tics OF tue bank Wcra something more than
u ,000,0 ,000 The amount OF boads deposited as
Becurty for circulation had boon reduced 10
355,000. Tho bank had $3.50, 900 with other
bnnka and bankers, including their rednrve.
They had $220,00o 10 legal tender aud National
bank notoa; also $4,000 in exchanges for tho
CLEARING. uouBe. Thels biiss roroivable wore
s718000. Of which amount 9C1.0 wero over
$4,000 leaned to Directors OF tho bauk. The
last report, nude March 10, dtucra only
slightly from tho regular report Of tho
Examiner above citod. Tho Examiner on Fob 8
reports tho bank III doing good and profitable
bustnoEs under careful and conservative man
agoment. Tho legal reserve was fully up to the
standard. The value OF tho bank building was
returned at SlGl,000. which tho Examiner did
not think WAS ovesestimated.
"A far rs can bo Judged from the statement OF
tho Hank Examiner, ltlo Comptroller OF tho
to pay all its liabilities, but the Comptroller has
mot nA vet besn Adyi8cI Of thu eAbar,st rircum,