The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-01

have traced their securities, but 90 not "sn W s'o
The cashier of the Union Bank said he had loaned
Bonner's firm Two amounts, Tor wnch the oanH noas
iul security Among the coaiefas are ioo s'a''s VI
Bankers and Brokers' stock.
The First National mad an unadjusted difference OF
S2i ON a gold transaction.
The Gallatin Nalona had small loan, covered by
securities so per cent over the loan.
j. b. Tellord Co., No 80 Beaver street, mao mace
| a loan VIII oh Is sufficiently secured.
White, Morris & Go. held a check OF Bonner's for
$780, which they were fortunate enough TO get ccr-
| titled IN time 10 avoid loss.
Megs L. Bartlett lent Bonner q Co. sou on
stocks worth $50 coo ON SATURDAY afternoon Yester-
day morning. hearing an attachment was 10 be taken
out they told tho assignee he could take the loan up
| he wished to do So He sald he would take no
action so they placed tue SECURITIES where tney can
Tne President OF the Fourth National Bank said that
| since Inst October he had loaned Bonner X Co.
500 600 in Two loans The OF the securities
pledged this amount have traced them and oiicred
| to redeem them.
| sIcuoLs AND co. Is TWENTY THOUSAND DOLLARS
Before the close oil the banks yesterday HERALD
! So Wall street, from whom, 1t was rumored, Jonn
Bonner had received certain valuable securities Tor
| u check Tor 100000 on tho Bank OF New YORK,
which that institution had refused TO cash. IL was
further stated That, therefore, Nichols X Company
| would lose something like 100000 or $4,000 The
firm at first did not care TO make any statement con-
ccrning the TRANSACTION but later In the day said
1--WE got check Tor $4,000 rom SIR Bonner on
Saturday afternoon some securities. rms
morning that check came back to Us dishonorcd
Nevertheless our securities are safe and we WIN
lose nothing On Saturday wanted to borrow this
500 600 on 800 shares OF Western Union, ami re-
ceving Mr.. Bonners check for that sum deposited u
IN the Bank Of America, where have account
We heara of Mr. Bonncr's failure this morning, and
about hal-past ten A. H. the cheek came pack 10
US dishonored The Bank OF New Yer r has repu-
diatey getting hold oil our securities went TO
S. ". Boocock 4 Co.. brokers, No. 80 Wall street, and
narrowed S25 900 and deposited the same 10 his own
credit in the Bank of New York. hear he drew
So 900 then aud left. Mr. Boocock and ourselves are
friends and when Bonner's check TO US was dishon.
orcd we made An arrangement whereby no money
should change hands each should withdraw his check
and receive back our shares Oh western Union I'LL
impaired"
BANKS CONCERNED
Tho next house Visited the Farmers Loan and
Trust Company, corner oil Exchange place and William
street The President Mr. II e. Roiston, sad-"We
viii lose nothing by this failure. We have loaned Mr.
hammer moLey on good security which still remains
in our possession and is much more than enough 10
cover his indebtedness 10 u. don't mink should
tell what securities we hold, although the per.
sous TO whom they belong might ike TO know. VIII
only say that well and sufficiently secured
against any loss through Mr. Bonner's failure"
AL the Bank OF New York Mr.. Fry, the cashier, said
that all Mr.. Bonner's deposits were right, and his
had boon certified up to three O'Clock on Sat-
urday afternoon. There remained small balance 10
Bouncr's credit which since been attached, and
such OF his checks MS came in yesterday were re-
turned.
named Ferris at the Bank OF New York told his book
keeper that the bank .'would be our about sl4,ooo
q at he had also heard that the bank had In It's nc.
count with the Bankers ana Brokers' Association
balance OF $4,000 In its favor r.,o, II was as
Mr.. Rollins that a check drawn by Mr.. Bonner and
deposited by the association had proved TO be worth
less Yesterday morning. No information could be OBJ
i.insd Yesterday AFTERNOON TO shed any light upon
this transaction: but 1t was thought that check
me nlon cd was The one given to Nichols & Co Tor tho
Western Union shares on Saturday
IL. II. noLLIsrER 4 co.
A reporter called upon II. H. HOLSTER & Co.,
brokers', who SAID TO have been vIctimizsd
Thcv did not care to say a great deal about their
,r uls with him they merely stated that
thev loaned him SO 600 but did not mention
IN what collateral They have in their pos
session $4,000 worth OF securities. winch are
mo- ,pe ppTsscnce between The pledge and 5000
remains 10 the credit oil tho firm and will lessen their
osses somewhat The character OF the securities re-
ferrod TO was not given, but 1t generally sup
posed that they we're frec the faint OF 'mix
inrc above de- cribed In iact wherever Mr. Bonner
orvo securities for money lent 10 hm il was supposed
that those SECURITIES different kindsa little
"I,ankcrs aud Brokers'' with better stock.
OTHER PERSONS INVOLVED
AT the office OF Stout Il Co. No. ~ Bread street,
information was received OF some more TRANSACTIONS
III money raising by Mr.. Bonner. That firm has had
some dealings with him In collacrals large sum
OF money, but they were protected, Ihey SAID, IN
many ways which .hey oia not care 10 SPECIFY.
Honce tie exact hituie Oh lher BUSINESS WIN TUG
derelict broker could not DC ascer'alhad
II was learned at tue once Oh sr. Il. Y. oconah-
ncr $50 600 on bonds which inc aiter had nypotn
ecated for s2o,ooo ihus IL appears 'nat Mr. S'ea"an
VIII lose ABOUT 20, ooo - - -, 49,,
f. ). Chapn hhd borrowed money nom bonner
also, giving as security 2oo shares oil 81 Faui common
stock.
The omcets Oh me 81. Ncnoias Dnuh nal no trails
actions WIN MN, thcy sau hotwtns.hhuibe inc ru-
mors 10 the contrary crcu'teu ~ INC s.reet yesterday
In the bahs Vi new foIN john bonner hto ue-
poslt5 INC amount oi which "e!o nos gwen 10 'ue
public Ihcy were turneu over W 'ne assisnee yes
tcrday
The hrm oil H. d. Kennedy had borrowed soo,Ooo on
collateral ana VII! lose between Soooo ana So,uoo on
their transaction win MI. bonner inns hrn was.
like all others, very unwiiiihg 10 rake puohc their
affairs IN THIS connection, LOT the present at east
q. Rollins, broker Oh wan street. sao that ne haa
balance OF SS,ooo IN ms favor al the Bankers ana
Brokers ASSOCIATION, winch nc bceveu he would re-
cover according TO the provision Vi that nsttutiohs
charter quoted ABOVE.
c. j. osborn, oil No. "a Broad street, nad also Dor
rowed money from Bonner, put ne wouo not tel tne
amount he stated, however, that ne hau given looo
shares OF Northwcst common STOCK, or the safety OF
which he had not much lear IL was reported later
III the evening that TINS urn hau ootalhtu tempo.
rary injunction resFannE auy ono rom usposus VI
II was SO late wheh this was Whspereo aoou' tue
street una. thelo was no s1 " ean on "hoi on