New-York tribune., 1880-01-10
RESULTS or MR. HAIGHS CRIMES.

NECESSARY DrLAY IN PAYING THF LIABILITIES OF
THE GROCERS' BANK-A MEETING OF The
FORGER's CREDITORS
Many of the checks deposited in tho Grocer
Bank on the day of it's suspension were returned
Yesterday TO depositors in compliance with the
order of Judge Gilbert. From the examination
already made of the affairs OF the bank il is clear
that the depositors Will be paid in full, but
there will be some delay. The assets which
can be converted quickly into money are
not large. and the value of some OF them
is said TO he exceedingly doubtful. The Liabilities
10 deuosltors amount to about 1922 600 The sum
which will be left for division among the stockhold
ers will depend entirely upon the value of these
doubtful assets. The receivers examination has
not been completed. and 1t is not known when an
exact statement will be made public. On the very
day that Nh Haigh was indicted and arrested
he offered to Receiver White to replace the forged
acceptauces with good indorsed paper. lie proposed
the names Of three ndorsors whom he said ne could
secure Who they were is not known, bat the offer
WAS rejected. in reference to this proposal Mr..
White said Yesterday why, re might rs well
have proposed the naiGc Of an Astor or Wander
hit as that OF one man whose Endorsement he Of
fored. knew It was SIMPLY prep', efoNs tosay ihat
lie could get h,s SIGNATURE" Mr. " hte declined 10
mako known the names proposed by 1ir. Uaigh.
Three other drafts were pronounced foTgeueS
Yesterday 10y the persons whose acceptauccs they
purported 70 be. 1heso were drawn, apparently,
upon houses at Chicago. Dubuque and Sandnsky
The drafts range IN amount ON - OoU ip%1.tV'
A meeting of the creditors # AR. Ii9igh v as held
Yesterday afternoon. No stcTs were taken toward
a lcuent on claims. were any claims proved.
w. r. Foster. the assignee, SAID % Tribune re-
uorfer thai the affairs OF tie estate were ROT yet IN
such shape that ne was ready 10 have the claims
proved. lie thought that ii there were 10 secured
claims the estate might pay 90 cents on the dollar;
but the warehouse receipts held by the banks
would probably amount 10 - 100000. and by paying
TO that extent in full the dividend to other
creditor would be much reduccd lie could not
saw positively what the liabilities and assets would
aruouut to. No detailed schedules had been made
come of the difficulties of the estate having been
the main object thus far. He said that il was
thought po,sihle--and the meeting OF Yesterday
afternoon was mainly given up 10 tIe discus
sion OF the matfcT-that the factories might
be continued running IN the interest "t the
creditors. Perhaps some ~ nc persons
who had been furnishing Nh Haleh Wiih
IRON, or Cooper, Hewitt q Co.. who had formerly
owned the factories might assume the Haolltlc" at
n percentage and take the business. hlr. Foster
estimated The value OF the machMciy, blIl.dibIs,
stack and other property at ahOnt S2po,CUO.
II he rumOr current yestCriay that DIT. liaRh
would probably escape the penalty OF bis
criloe because the money winch he OBJ
tanned from the banks given hln
on his own notes. and not on the accept anccs which
were attached TO them as collateral, WIS ridculed
jim tire District-Att0rneys Office. Inc indictment
against llalgh was found on an acceptance upon
which money had been obtained. ana 30 question
ccud bc raised on The point
The first failure on account Of the suspension OF
the GIoccrs' Bank was reported YESTERDAY. VIII
lam Johnson, produce commission merchant nj No.
$50 Washlllt tOu-St., made an assignment loi tnc
bcuc6f Of his creditors 10 Oryilr G.. Johnson. lie
was depositor in the bank, and tie fact that his
deposit was locked up prevented him from meeting
maturing obj legations. His Liabilities arc not large,
and are mainly due 70 people in the country who
consigned goods fo lllil.