The New York herald., 1877-12-16


Upon inquiry was ascertainsd that the real estate
OF the bank coaested o FtE avenue lot opposite Cen
sreots winch cost shem foreclosure sale $3O,Ooo
Tue lot measures 25xl40 es and bought In Ny tne
bank a. SALE t6ey having loaned that amount on the
same " Griffith Rowo some years ago The remainder
their real OF house in Fiity-drst
street, near Eleventh avenue 2ox5o icet, measuring
25xl00 ieet whoa them $4,000 Tncy have also
eleven houses and lots in Brooklyn, all productive
property, bringing ABOUT iour per cent per
no. be coaieuadea with the Oriental Baox At
the corner OF Grand street; and the Bowcry)
are as ioiows,-Presdeni Manning Merrill.
Secono Vice President George g. HaIock real estate
Secretary. b. r. Kennedy, ,insurancs; AUDITOR stephen
toroey, Eugene Smith; trustees, b. f. Britton fancy
goods; John Gaynor. grocer: Samuel L. Kennedy,
uslog agent: George Y. ScnVheld, merchant; ID. W.
McLane, ship chandler. .l -. es... ...s.t
These gentleman all state that there exists no reason
why receiver. If apponted cannot begin paying IN
two weeks. IL is believed. howcver, tnat order 70
save all expenses, three well Apown merchants Will be
appointed 10 serve as trustees, without pay.
i
ate THE NATIONAL TRUST COMPANY.
Mr.. William J. Best, the receiver OF the Nasionai
Trust Company, was al hts post 10 the company's
offices througneat the snurc Jay yesterday. For
time he kept busy answering the questions OF
ANXIOUS dspositors. wno crowded into the Offices IN
large numbers during the morning. some called 10
inquire wnstner their checks would be paid al
piraton Of ten nays from the time they had notued
the concern Of their intention draw their money
out, and were told that payments would be made 10 ali
alike when the necessary legal forms should have
been complied with and not before Aner time the
following noticu was posted several places by way
Of answer " the inqulrins crowas:- "
NATIONAL Trust COMPANY
Nkw YORK. Dec. To- 1877. 4
The Supreme Court having lnaas me receiver Of the
National Trust Company OF the rity oil New York
b~ ado tue notices OF Withdrawal heretofore
served upon the company nor without nm order IRON The
Court Depostors need feel In regard the safety
the iunds ibey viii. teel be paid in full.
and safely count dividend Of least nity
ss legal forms can complied with
WILLIAM J. BEST. Receiver
Mr Best's surctes his bond receiver are Mr..
Anthony ). Hoop. Mr.. John J. Burch,ll 'and Mr..
George Caul1cd. In the morning Mr.. Mangam
was placed In the sale vaults, and Mr. Best took
cnargc of all In the afternoon he made certain do
posts 10 the United states Trust Com and set his
assistants 10 work Inventory oI the assets He
has not yet been relieved cxamD so he roiuses
disclose Tor the present the OF tho coacras
he'd against call loans says he not
al liberty 10 give y list oil the stockEolderG He
realized Oh some oil The loans yesterday. In answer
TO a HERALD reporters inquiries he said he found
some colIaterss In the conpanys possession that
absolutely worthless He would not say what they
carslsssnsss. In arew Sys Mr. Best expects 10 bore
lieved OF his responsibilities examiner and then he
can talk freely OF his knowledge aud Intentions AS re-
cclvcr OF the concern. From wnat he mas ielt nj
liberty TO say far II does seem unlikely that
of the responsible heads oil the may DO
held 10 strict legal liability ior their loose ad
mnisnatIoa OF the CON, any's affairs