Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-12-23


tie city.
The German.Americ Bank.
MEETING OF DEPOSITORS-REpoRT OF THE EN-
AIMING COMMITTEE.
There was a meeting OF depositors of the
German-Amelican National Bank at Bergman's
Hal saturday evening-Mr. A. Kowald presid-
Ing. and Mr.. George II. Clarke. secretary The
committee 10 examine the accounts OF the bank
appointed at the second meeting (held some
weeks S1nce)-MeSSrS. Adam KOwald. J. f.
SnodgraSS f. a. Dick. Christian Excl. f. W.
Anderson George III. Clarke, VIM. II. Burr and
Duncan ThompsOn-hed meeting before the
general meeting had been called to order and
recommended an adjournment to Friday night
on account OF the small number present. but
this met with disfayor. The report was read.
1895, 63.e1; owing to depositors, s251 9i2lI: ow-
ii.c to other banks, S23, $50. 80; money borrowed
s.'l.t0n The assets are recapitulateda as follows:
Billsreceivabe{goOd.) S9,, 1880; bills receivable
securely $50 900; OvcrdraftS good 50 900: mar
gin and premium on nited States bonds, s., coo;
stock and bonds, s., 50; due from other
banks, sll.s4l.6 5; banking house estimated
$4,000; other real estate, $1,000; furniture and
nSlureS, $4,000 cash, &C.. "a, 500 99-S305, 642 g.
Making excess OF assets, Sl79.56. The expenses
OF liquidation are estimated at $4,000, which
Will leave deficit instead of a surplus
In addition to the assets already given, it may
be stated that there are several other items such
as rents due but not collected, United States
revenue taxes alleged to have been improperly
exacted by the government and paid by the
bank under protest, and for which suits have
been entered. These items amount to say
counted in the assets. Should any considerable
portion OF the $SS234 classed as doubtful be COL
lected, the bank will be able to liquidate all its
liabilities without requiring the stockholders
to make good any deficiency. Should recourse
10 the stockholders be necessary, the receiver
estimates that OF the sl20,090 capital OF the
bank 100000 is held by persons who are re-
sponsible for an amount equal to the stock held
by them, and with this reserve fund to fall back
on the receiver feels Sanguine OF his ability to
meet all the liabilities OF the bank. AS to the
time when the affairs OF the bank can be closed
the committee have been unable to obtain any
definite date, but have reason to anticipate
m dlsidenG OF perhaps 10 per cent. some time
In March. The committee say: 'Having been
informed that parties indebted to the bank
were buying up the claims Of some of the credi-
tors. with view to settle their own indebted
ness 10 the bank by or with the claims they had
purchased, the effect Of which would have been
to postpone the declaration Of a dividend, as
wen as to reduce the available assets OF the
bank. We had interviews with the receiver and
the comptroller of the Currency, and obtained
decision from the latter that the Indebtedness
OF one Person 10 the bank could not be Cancelled
by Inc tender OF an assigned claim of q third
party. Persons who purchase the claims OF
creditors or the bank at discount viii there
Ing debts due to the bank
The report recommended the appointment OF
committee OF five to act for the depositors
hereafter. and also stated that the claims OF the
per annum from the time they are sworn TO-
The creditors are therefore advised to present
their books for settlement as soon as possible
ana swear 10 their accounts. All claims should
be presented within three months from the
date OF the receivers notice or they may be
barred.
The report was adopted, and Mr. Kowald was
authorized TO select the committee at his
leisure.
DR.. Snodgrass stated, ON the authority of Mr..
Mattingly, that the German-American Savings
M NyaS 6nip Ilrsi
In accordance with its rules, and stood ready to
perform all its obligations
CRUELTY TO ANINALs.-This morning an old
horse, very sore and poor, was being driven
along 9Th street, near T, by boy l2 years old.
Tie animal fell upon the ice and was unable TO
get up without assistance. Mr.. Gatchel, preSi-
dent of the society for the prevention OF cruelty
10 animals put in an appearance. arrested the
boy, George stewart, and took charge OF the
morse. 1t turns out to be one of those cases
that give the society much trouble The owner
IS widow, too poor and destitute to pay Il line
or 20 keep the animal in good condition. Ii is
nc, Known what Mr. Gatcnel intends doing
with the case.
CROWDED! CROWDED. selling Off. selling Off.
reducing stock. All Of our beautiful dress
goods al prime cost; dress goods reduced to Is:
silk and wool dress goods reduced to 30. colored
silks reduced 10 as; black silks reduced to Is:
cloth Tor boys wear, pure wool, reduced to so:
pure wool cloth for ladies' cloaks reduced to
81 50 ladies' clOakS, 1915 S. S. $40 s12 S5l.
pure wool blankets, 50 so, 81 80. ST. so Sln bleach,
ed table dainash. 80. Carriers, iii Market Space.
4drt.
DOUBLE BLANKETS from 81, s25o. So, $50. s.,
81 30 up; bed comforts from 81, 81 25 s. 50 So
heavy cloths and CaSSimereS for men and bows
wear, 81, so, IS, 81, 81 yard; black cashmeres all
wool, SoG2, 20; cloaks from S up; matelasse and
beaver cloth for clOaks and circulars Tow
sons 6S6 PennSy lyania avenue, south side near
ith St.-Adrt
HANDSOME DISPLAY AND Low PRICEs.-Thou-
Sands OF persons have visited Reeds Sons Ba-
Zaaf, 1915 L street, to examine their fine goods
The Illumination in the evenings is perfectly
grand. They sell Witman's creams and Mail
lards chocolates. Read advertisements,
ENTERpRlsE-The milky way of the heavens:
The Attorney Dairy, 629 street NV. l Will
have about 1000 gallons OF prime milk and 100
gallons OF cream extra for Christmas egg-nogy,
Charlotte russo, sc. Send If as convenient as
10 order. +. X. WARD.
MARRIAGE LICENSES have been issued TO Chas.
II. Taylor and Josephine Beall; John Thomas
Eiiza beth DuDmore; Parker 4. Nelson, of Balti-
mole, Nd, and Laura 4. Anderson; Michael
Green and Victoria Jackson.
pieces OF genuine meerSchaum goods and
smokers articles, of various styles, suitable for
holiday presents at greatly REDUCED pTcees to
! syNania ave-. near corner OF AZ street.
| CARPETS AND OILCLOTEs. Is, IS, 25, 81, 80, 60
! fiOoroiiclOths, all widths; Nottingham curtain
! lace, from Is cents; blankets and comforts; ia
/ BILE linens; napkins; towels; SheetinS cOttonS
! &C., &C. sc. Towson's, $50 Pennsylvania ave.
! south S.de.-Adrt.
\ CHRISTMAS GIPr from Prof H. Mason tc
| the lady teachers of the public schools OF the
| District OF Columba-a regular course OF ora
! lessons In French at the Franklin buildings tC
commence On the nth OF January, 1879.
4
| ONE Of the most useful and beautiful Christ
| mort able writing desk made in Sovrento Italy