, 1876-03-16

Additional Particulars Concerning the
New York Bank Failure.
a Now Set Of Directors Elccted~.s
Tho Concern Will Resume.
THE NEW YORK BANK.
ANYfDt.9 DKppBTTORH.

Spte'as Dtspatfh 70 1hf Chicago 1f1oan*'
NEW 1ohs. March lo.-lnqaifles a. the oanR
OF New YORK wefo mado To-day by many dopos!s~
ofs VINO Nefe an4'oMs 20 kao" mo ohact eonU-
t'on oi "aaHe. III tno oacx paF4os tho Dlseolo!'
.ha bsooaaosaof1 so'a 'n!otnal con!elouoes u
eAeaaoRo s'""e @po uoubu!e aa ~ luz 0eut noaan
~ ns Pa,haou: ""oA iaonase sas.ioA' wv
sesuat noao ot tho coaaetu wa "7soa ~ "'ase .
s'asenous 70 .ho puo'io Of 'ne CAUSES VI tho
ta''"1o u '"e pank. 7no 70 o1pia'n .no oAs"o'
u!oa1s 'oans 4" nsa "aao " el1..o " o"sna' Va
ooAu es'eo'' nue W n'nHoa az" o'a,'s'
10 uo o"u Az VIZ ~ u.a oassouu' .,,
t'n'e WIS oooap'oa'.auo' ..otetote' ~ Nv 1ou'a ~
,'ot w eseYss'a ~ maAo ' ~,
M nae" ,o'n'.R "hlvu "ou'a w .. oonon', !ut.
, ,as'cA ~ u@snK naa ouetso =, .no ouHtae'" ~ NV
o1na' Auo n'tee.o,n H.. "oto s'ao isneiaus. no.s.
~ no"o'o, "noa s.s 'ona r. n..at. ~
s.u1 s..m "o a .,... - sAs" o s.,soo' "nn,
s".. a,!, u"u Nv ''u' ~ "eAo ".eAeas nobuss
"s. ~. %". w. ,,or. r. nsa
.,' ,.n, - - s,. Des "ao '".s nNsstss..
Ing inc ooaehe o1 n,6 e4Pe,loneo. f.ealaent
Yerntlyo, Of tho Merchants Bank, and other
bank oa1cozs, also gave &dgice and offered ms
tortal assistance,
~, =, ,,.ror,.,-. .,r,o,r,,voa
w. .,'".,".. .-,,,- :.
upon tAo Proaucs'oh OF PtoPof Hcou91Hcst =.
tho roquest OF persons interested, supported
by tho Bank Examiner, Comptroller Of she Cur
ronoy Knox had withheld tho appointment Of q
pa,,;rn- i, on,.. tr,t .,,o I,,L *,ia,,t ~ ~,
N.so"oa =" uiaes su"s 'Ao pn,'H nhsas ~ NV
voluntary Anuidaston' bank-Exar'1ner Mcigs
had testified that the bank had Hcans to llqut-
datc Its obligations to depoaitoss aud other
t" no! nd ,oe
proper writson euaranteo TINT the integrity
Necessary for tho application ot tho tho asssts . to
sns S tho warn tayorsh,a - both
aau 1.,"'''' nv sAao,o''' "eA' '"'''"o'' ~ 0''"
psoptA'taohs' NV .....
nEsrrATED TO COMMIT T11EHsELVES on PArER.
guarantee. and tbo nftornoon was st,ent il, dis
cu.,,,n t1o ,no,t.r A,cordir, IL A., o,,.bori,,.
.ua''uh ~ Aas'1, ,,. 1,.uB " 81, Aasne1''A
ta'e htatenaens, tae oongatlona o. the oanR arc
about aa.ooo'0oo In round numbers. OF this
orrcoa ,o ,rn,t aomo linn Tar t,,a,r n,oonv Th,a
eso'e ~ way ~ mn aon ~ .A.O
ieases @ ., 70 tc pS oo 'os
Against tA's thcse arc Sl,ooW,Voo ca8n anu ae-
curitios.. Now, 1t tho necessary guarantee
could bo obtained t4Rt tho managers Of
tho bank would SO ApplY tho assets
as to nquldate nll obligations on domand
tho Comptroller would giant the request
not to appoint = Receiver, but would allow tho
bank 10 iiquidato sud reorganizo.
pE4,NoNy yAgxs HOLD,
At nootlng Of tho Directors to-day these
facta wero clearly brought cut. Tho condition
Of tho bank Was also explained In detail By Mr.
Patrick. DeliboEation was long and ea,nest, and
that tho best thing for them to do would be to
got out and ounblo mon whose business Bagacity
uioce, Aecard,ucly, George II, Duor, Proaidaot.
Richard Patrick. Tfca- -prnSitlont Tsano II. Hned'
Johu Steward. 4, III, Proudflt, and
| Lloyd Aspiuwail resigned individually
and coilectiyoIy aa Dirootors al tho
hank. II u,sr p,aeas %s1s inst,,jsd
| thn fn11ovinr nnsrd NJ Dt1cctora Aneust Uo.
mont, George r, Tamop, D, D, Withefy, Henry
Morgan. Il, q, Haletop, D. D. Smith, 4, Ise|n.
John Il, Marshall: Lawronco Turnure. August
iaIn,ont was olooiad Prosidont. Tha other ofi}css
wero loft vacant Tor tho prosont Aueuak Belmont
| ia tho ncont of Eothsch1ld iu this country. II,
| q. HalRtnu Ia proaIilcnt OF tho Farnora' Loan
and Trust Company, aud the otAors ars all prom
tho dsficioncy and resume busiueas trnulcdietoly,
| This cnr1rso VIVA doemod saaontsi. "a II won1d
hays hoen impossible for tho bauL to not
back to tho CleArinR-Houso with lii.
| Patrick nB n{hup1or, nor could It regain
nonular cout,dcnco 60 long % the old Board Of
| f)irco.nra romaincd In cootfo). Mr. Doimont
viii at ouoo instisnte measures looking to tie
paymont OF money owed to tue bank by various
any statemont With zeforonoo to thoir connection
NTH tho hauk, Mr, Patrick, late Y;co- -Prosidout
| OF tllo bank, was short tlnno snco elected ope
| Of tbs board Of Directors OF tho Uuited Btatcs
AttrItion MIN COMPANY, to which he mado large
loans Oh doubtful security willie an officer Of It's
bapk,
fIo ths Associated Pse.s.l
Ng.y YonK, March ,l5.-:.rAo Ere",ng Pos!
says: No necoiyor has boon appointed fos
olaimod this morning on tho best authority that
tho Comptroller o. tho Currency, john J. Knox,
il making effort TO hAyo tho bank 90 into vol.
untary liquidation. The bapk o0icera are willing
II mt A,techsnf1tY tThe ffonrH cf ths hank