, 1881-11-29
- " p
1t Will Take f,1,5OO,OUU to Put
tho Pitcifio Bank on
Its Fcot.
Weeks Wildcat, Sold to Benyon for
$1,250,006, Worth 100000
If Time Be- Given.
Tile Suspension Of st. John, n. D.,
Bank Caused by n Dlshon-
est Cashier.
His Namo Is Breoken, and He Has Brecken
the Bank for 100000.


A'.Ha"s' N"s. .5s-lh0 DlTccsurs uE tho I4cIlG
ih1nk tot'Ay discharged tho sub.conniLtlca us-
slstl'iE Cul. Medium IN tho txAn,unt1ou, aud
the whplo i'uard Is making carnrnl estit.1ntc Of
nssofs III dctat. THO result will, u course,
tArke!y tHliuec0 tho Stockholders IN Ioritl{ux
ui'oh II c"ttrse uf nctton. 1t Is suId lawyer Ut
ii'ts city Is purchasing depusftors' toulSs un tho
3acstc Bank for 81 cents on tho dollar. lie
nses ils bollof, It IS thought, in securing full
tollr fur hAf II dollar upon tho liability OF
seeanolders 10 IN assessment Gq,IuI to tue
an1o'lnt Of tho par vaIao VI their stock. THO
directors wero In sdsston Till half- ,,tst 10
tonight. 1t seems TINT when Controller Knnx
6ust'ea'lcsl tho appointment or q Hecrtycr tor
QUO week It WIS upon condition TINT Examiner
necuham should bnyo ohnrgu Of tho bauk III l4o
Interim. Sccdhanl would acccpt tho position
oily UPON Promise Tint tho Directors would
actlso!y ongnue In tho routine work necessary
TO obtan Il kuowtcdxo Of the bunk's ufraIrs. It
wis 11pon this understanding TINT tho meeting
WIS he'a. with an bject ut forming careful
esttsThte 1f tho caHh ynuo Of tho Asscts 1t ts
now positively known TINT Il, ,00o cash wilt
necessary to ona1o ttid bunk 10 rcsusna bus!-
ness In addition TO tho cupital stock 81, uJ0
must 10 sncF'lfetd. 1t thought s5oH.oN mny
pe reall%c'! OIL Weeks sccuritea for SI,4j0,tOJ,
mud tho Directors bopo I'll raise another n,,or
from rho Stockholders; that plenty Of ti,no may
no hui lit which to r6alize upon tho securities.
II ID thought thdt III this why more
can hn xnImcd thun II tho concern ,vurc
immediately wound up by tho Receiver
t's an example OF tho wuy III which tho credit
Ut tho bunk has bean lonucd 1t Ia stutcd that
ffes!sirAf llrnyon q short timo bcfor1. tho sus-
pension RrAntctl n ccrtitlcnto Ut deposit for
Sl0J'00. payable in ninety duys upon bonds tn
that um''ant On tho l}AMKor & Kutst6dln HALLWAY
Cntmp,ny Us sceursty: Inc bunk I:xninIter ux-
tfoi!er lust MHrch anG nrpc!l tho Directors 10
exaa!hc tho hunks nlrairs. They mule move
ment III tMt ltrGctton. but iiE,on tho thrcntcncd
thor intctil!un. WeckS securities nro only
snt!! part Ut the Rcnral COLLECTION OF tho sntt.o
viii utcr,ilne whuthar tho amount rciist fur
continuation or bus'ntss cAn le supplied.
4 Canadian EsanIe svreckcd BY a D1a-
honest GHkaifcr.
Spsefa Dispatth % Tho Chicago Tribune.
ST. JOli*. n. H.. Nov. 2B.-Nows was rccoIycd
bore by telegraph this forenoon thut the hank
Or Frtnco Edward Island, doing business at
ChaTalcttstnwn. bud suspended, und later tt.c-
grams cA1no to hand stating that tho Cashier.
Mr.. Hrccsen. had abscondctl. Tho nc*s soon
bcenno public. and tho notes wAro every where
refused. II ~ suited on tic street thut llteckeu
has been operating with parties outside, which
Is tho cause OF tho suspension. Tho bunk bud a
pat1-np capsal or sl2,0 900. Tho STOCK has been
selling at good premium, aud LUST ycnr
IL paid dividend ur pcr cont,
The shareholders, who urc Iinblo for treble tho
amount Of thoir stock aro mainly wealthy men,
and It Is likely fc1n'sftors md nn,choidors viii
not lose anything. Thv basik tas not been in n
sonhu condition FOR Some time past. The d.
roctora arc IIcut.-Guv. ffavllaud, t,ip Hon John
Longworth. J.tdso Iiunsley, tho Hon. ". ".
Lord. Mr.. Il. flartz, and Mr. James pcnke, sfr,
tlonscy Is President. The other hunks aro not
nuocteq, and tak9 confldeut view OF
tho situation. Tho public hnyo conf