New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-18
EXAMINING THE ACCOUNTS.


PRESIDENT MASGAH ASSISTING THE RECEIvER-IN-
QUImEs or DEPOslTORs-sTATEMENr OF A
TRUSTEE.
President Mangam was assisting Mr. Best
yesterday, ms work of going the accounts ana
examining the investments Of the National Trust Com.
pany The following notice posted eonspicuously:
Depostors are requested present their books 10
be balanced. This must pr'ccCe the payment Of dIy
dend Employc, not allowed 20 furnish information
iu regard 10 ti irs 4 the company
Of the press VIII therefore please come directly 10 me
aud VIII give them everything OF interest the publca
ton Of which would not nure the Interests ~ the stock
holders and depOsltors WILLIAM J. BEST Receiver.
Last Wednesday the officers Of the company were
served with notice from the Banking Department, say
log that FROM the statements made by the Examiner and
from the exhibit OF transactions the part Of the
officers, the solyency Of the company was a mat
ter Of serious question, and directing them
from that timo TO discontinue receiving deposits Nj
is confident that be have the affairs OF the
pauy settled within month. In regard the statement
that efforts might be made % him from his posi-
tion receiver Mr. Best said that the first step
in that direction would have TO be taken by
TIE Bank Department with which he s connected.
All the depOstors who called at the Office yesterday
received by Mr. Best in pleasant manner, and he
yersed with them and answered their questions while
attending 70 bis other work All were anxious TO know
when they would get their money and whether not
they would lose anything Mr.. Best explained that
be could not pay out cent until he had
authority from the court 10 d. so, and that
be- expected TO obtain such authority IN few
davs NJ Best said that all deposits that were
received after December s. would be held as special de
posits OF the forged bonds Of the Buffalo aud
Erie Railroad ia which Roberts and Gleason
were Implicated, the company 81 one time held
$50 900 Tns amount had been reduced % $1,000 Tor
which the company had attached property valued At
President Mangsln's attention was called 20 The
structures, which made upon hum by one OF the
trustees but he said that be wished TO make no com
meuts. .,
Al indignant trustee yesterday wished to explain He
bnd In November committee was appolntol 70 see
II all tho assets In list prepared by the president were
really la the hands OF the company. THIS We dld We
reported that all the assets IA Mt hanGams list actually
the possession Of tue company We did not attempt
70 say they worth their face, were we eN-
pcoted 20 do 90. when the excitement came, certain
members Of the Executive Committee published she re-
mort "a Il had declared the securities 20 Do worth their
lace Naturally, when Mr.. Rests report was made u
Indirectly accused that committee Of deceit.
No receiver should have been appointed. The com
Ittee consisting Of Judge Allan and Mr. Lowery was
sooIed oHly confer with Mr. Lamb Of the Bank De-
partment any unfriendly oeing existed In the
department against the Trust Company. They AP-
oiled for a Iseeever. aud the next day al
Es could do vas 70 rsufJ their action