New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-04

! counsel
ton in regard to forged securities held by the
bank; Mr.. ila.gh explicitly denied that he
he'd negotiated any such paper. aud eX-
pressed confidence that The creditors would
receive all that was due them. 1t is reported
that other banks hold forged securities but not in
sufficient amounts TO endanger their solvency
THE RECEIVER IN POSSESSION.
sTrpuEN Y. WHITE AND HIS COUNSEL EXAMINING
TIE sECUMrITs-No DEFINITE STATEMENTS
MR.. HMGH's DENIAL.
The recently appointed receiver of the Gro
GERS Bank stephen v White took formal posses
sion Of the assets OF the bank yesterday morning.
lie was accompanied by his counsel, Benjamin f.
Blair. who has recently counsel for the bank
During most Of the day the receiver was engaged
ID taking an account OF the Resources OF the
bank lie transferred 70 the Bank OF North America
the stock coin ana notes which he found hand. and
he sent also the Clearing House the checks which had
been Gepoited Wednesday on some Of these checks
amounting 10 about 100000, payment had been
stopped The receiver VIII apply at once to the Supreme
Court for ruling the ownership OF these checks
IL IS understood that he their return to such OF
the deposiiors as had accounts good IN money
at the time of the deposit. Tho question
OF ownership win be submitted by him
The decision court From the assets on
hand az the closing Of the bank the receiver
has on deposit nearly $4,000. He was
unable yesterday 10 state the amount Of available
asscts held by the bank beyond the amount
already deposited by him The amount OF the
debt Of j. Lloyd Halgh 10 the bank had not
been asccrlained accurately but it believed
that It would not exceed So7 600. The state
ment OF Mr.. Haign that the warehouse receipts really
represented part OF the present debt was ac-
ccptcd generally correct These receipts are
said 10 be OF Atle value. the merchandise
which they were supposed 10 represent having
1ta.r fIa pQff0
which were made on them believed also
to have been paid OF the liability Of $4,000 due from
Mr. IIalgh 70 THE bank the receiver de-
cined yesterday to mako public any particulars In
regard to the amounts the names OF the acceptors,
the date Of maturity. II IS said, however,
that all OF the bills receivable will fall due
before May II was thought best 30 withhold the
of TIE firms. whose names supposed to have
been forged, for the reason that 1t was
said 10 be difficult 10 discriminate between the
spurious and the genuine acceptance and also
Ousy the payment Of the genuine paper No
schedule OF the acceptances believed 10 be forged
could be obtained therefore. yesterday. 1ne
receiver refused 10 furnish list OF
such aceept9nces, and the officers OF tne
In the banks affairs. Other banks are re-
ported to hold acceptanGGs OF IKE DOUBT
small and the banks which hold them are OF such posi-
entire sum held bv them would be OF ltte consequence
1t Is said on excellent authority that the
% no, c,t 1 P poSaby 9'9 5ooo s e
mate may be beyond the actual amount; put 50
wa. thourh mt that p the c''' real p amount Would
not fan beoS 10000 or $4,000. There was APP
DAY. The receiver was present during most of the
Gay taking formal possession o, inc a,'ets c
holders called dining the day, bur thew seemed
be satisfied with the ofien-teiterited assurance
be paid Oi1 in full ~ The opinion was ex-
pressed generally 10y those acquainted WIN the Dauhs
tno stockholders.
MR.. HAIGH's LIABILITIES
Mr.. Pertain, the cashier OF the bank, said that
he thought Mr.. Haigh's liabilities to the bank
wouid amount 10 about $4,000. About $4,000 OF the
indebtedness he q ought Ia good securities Mr..
Fost,r the assignee after Inspecting Mr. Haigh's
counts had told him that he believed 30 cen0f the
balance also paid In speaking OF the warehouse
tTS esn an '''i agrec%eai With Mr. HaisG Tat
these receipts would be security for other
the merchandise was removed tho receipt
would b. good for other merchandise 81 the
SANE value although not mentioned IN the receipt He
ON winch Mr. fIagh obtained loans was past due and
Mr. Per,am would not talk freely. on the sub
ject OF whether the bank held forged papers
that Mr.. naigh mad obtained loans on forged accept
ances lie asked n the bank held forged paper
Whatever. n Mr. Haighs considered He
declines TO answer the question He said that forgery
could not be proven until the paper had matured.
Mr. Denson. the president. not AT the bank yes
terday. At ms house 1t said that he sick in
bed.
benjamin T. Blair conn 'e of bank. spent yeser-
day III the bank building. lie still declined
10 say anything about the forged paper.
maintaining that there were others whose lips not
sealed by professional obligations. who could gave all
james English one OF the directors Of the Grocers'
Bank. in conversation with a TRIBUNE reporter said
ws MAJ ne was s. not @ an tSG G Re
saa eighty and as the ~ee cnaG wa" wa,
attend 1 have not been informed officially OF the
discovery OF any iorfeies, although have heard
not know. ] have heard that there IS something
crooked about Mr.. Highs warehouse receipts
matter more particularly, as understand Mr..
Hasa says that he Is ABLE to pay n sySTyhng
he do thot everything will be straight The drec
did not appear, and no meeting was held. IL was
held today but have been to the hank three or four
times to-day and have he rd nothing of It, have been
to the bank for the last Time
MIR. HAiGns DENIAL. i
j. Lloyd Haish denied yesterday that ~ bad
obtained any loans from the GrOccrs Bank on
forged paper. why" said ne. " do you suppose |
would he sitting here quietly If 1 guilty
Of forgery want 70 deny most positively |
Have you any knowledge which has not yet been |
made public that would lead the bank people |
10 suspect that forgeres had been commliedF he was
None whatever. The statements. I know. |
are untrue have been brsy all the |
w r,.om%s %s GS1e Se rGaS o.pecns
the business here and at the factory. AIN salts
fled now that my business IL in better
condition than / had at FIRST represented. |
feel convinced that the creditors VIII receive
all the money that il due them. dollar
for dollar. think me Grocers' Bank
will not lose dollar my
count. We differ in regard TO some warehouse
receipts which II holds obtained loans on ware.
house receipts at different times, and
subsequently paid the loans. Through neglect
/ did not receive back the warehouse receipts. | |
mad intended to do 50, but did not
claim that these warehouse receipts represent
nothing except money loaned and afterward paid IN
full am continuing my business as usual ana
busy have been unable to take an account OF
stock"
Mr.. Anderson. the principal creditor, said to