Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1882-12-08

- te>3ssl u <iii.@tAsE S@o X, 100 <li.esu. sta
Three n tionai hanks have been placed IN
tn hands Of rccc rs during the year dei
Nosems .nk ns na1s ,he Necssniss N1s%s
2 III; the Pacific N Il nal Bank OF Boston
on My -. lss2, and the First n fio al Bank OF
nu iaIo. on Apris. isS Tn su .pens.,n Of
the rep II OF the Comptroller for tn year end
ed N lyembcr !. lsl and h causes VIII ch led
q 10th q IN Sc failures were then fully DIS
cnss d. The Direct lrs n the Pac ic National
Bank OF Boston undertook to make good the
impairment OF a. cap 81 OK in the manner
autho 10y section ). o. tn Revised Stat
utcs but they failed O. do 80 within the ime
charge of its affairs. 1hs failure Of the First
National Bank OF Buffalo was the result of
na 1hs misapP,opri ton Of fun ,, f. PTS, L
Bank Evan ner when mak nv hi annuai ex-
animation. and receiver was appointed as
before stat Il ihe affairs Of ten National
b nks have been finally closed within the
year Since the commencement OF the Ma
tOnnl-bank syst m y banks have been pla ell
IN the hands Of receivers and 90 tanks have
voluntar " closed the busin - by the votes
Of shareholders own ng two-tbirls Of their
stock, un Ter the Provisions of sections 5.e 0
and A-zl OF the n :viscd Statutes OF the
hsr sGan fniad % p sssip
p sitors and in these cases receivers were
.tPoinied ~ the Comptr9Iler % wind up
q q afsiIs OF the banss aee d in tne
: '
ing ~ stIIl in process Of settlement Tho loss
TO creditors q ati1na banks VII ch We
been pia cd In the hands Of rrcciv r. dur ne
the passage Of Inc a,s Z February - + a ns
nc.r as n be est mated including dividenl ls
which ~Iil probably b. b rcaftcr paid, has
@ 'sss hss s ssss IN ss esois ' sssssc n1ns n sss
esplf.l Of about . . . ao5, and which have
ben ssp ms he for the safe-kcepinE de-
n - \ n = -
<A0,.iyl,e4 or atouf one fwenf eth OF one per
cent ~ nn1usl frss D. depssfurs-
Of insoiveni ) nfs depends chiefly III upon the
cree : imp -. le 10 ten in sd,ancs what
n s9- % nee !, ',s5y 70 os r,s ,ssss to
cases no onclusion can he reached until the
u>fter has bcen brourhf before the courfs Of
last re-or1- n dock cts q The ,rr me Courts
Court Of the In t-d rtafes are crowded. and
N n an appel Il mad 60 these tribunals.
ye-rs cffen eisp.s b fore the case can Be
= ely med the forms ~ rocfdure- ME the
laws RuveruinK National hanks are better
under tod, and IN collecting a=set-- IN
zfock-b5l6ers fhere Is nov 10 rduceme1t to
prrtr.c IirIraf on. either On the pr of the
ordinary seb-ors Of n bink or Of the sfock-
s..ss.ed nnier AIR ~ liss'ty. IT. Is prov provsasd il
ca-e- Of failure Of >efirn1 banks there are
%s,y o.; E q. n, pr nfsa s % y rec e = 7c
erfr u Ifie> ~ the $3.50 rtion- and II is
1r-r.< ~. N ord-r 20 pr1tecf the infe eef. Of
f1e nufne c-cd rorz- fhnf such claims mus
f< reiccrcd rnf'l fher mer1is have been
propr Al u1icef d By q c0u1 Of com
r<flnf 5uri-1ic ION 1he la,ility OF d. |
!r<fcrs for ner.,Fent d'.chsrr. Of fhe'I |
3uf,es- or fer m1'f II not yeI clearly |
1e1nrd ~ any auth rita-ise decision but /
Euc1 eiSi|fn as there are bear NJ on fht /
r.sffer p1int 20 compiefs remrdy exnina /
m = also. The "a 4 4rnount raid q credit
~ c1 fns~irent NEti ~nsi bsnks erxrer. e
<Z-@5IE uunn r-ured Gains amounting &c /
r2 E@.s5z ne d'vi1ands - far paid thus /
rusi about - PIT cer-- Of he proved claims
u r<rfro tanks having "a the clslus
M 20 f&TL1# have he n ma Ie upon fn<
sr1ck-hnl1rrs a fusolrenf xsr5onnl hanks fo1
- purpose c1 erforc'rr their fn1lr qua
ift Try under e-cll 115f Of tre EFvisa<
zr4<u~1e. cf N n nf-ouI <z-7O 30 has crer
'o1ecse1. and <suz.os4 . during the past year