Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1882-12-08

1 Three National banks have been placed in
1.-The hehandsofreceiyer during the year. ended
November l, lss2-namely. the Mechanics
e Isl; the Pacific Nitanai Bank sii I OF 0TSo noston.
4 on Maya, 1882, and.the First National Bank of
Buffalo, on April q; 1852, The suspension of
The two first nrmed banks was mentioned in
+ therepart Of the Copptroller for the year end
edNevemberl, 1881 sand the causes which led
: To both of Ithese failures were then fully dis
cnssed. The Directors of the Pacific National
Bank of Boston undertook to make good the
Impairment of its capital stock in the manner
authorihei by section 5,E05 of the Revised Stat
ntes; but as they failed to do SO within the line
charge or ITS affalrs; The failhre Of the First
National Bank of Buffalo wns the result of
dent lis condition was discovered by the
dank e.. Esamnsr ,is when making hi, annual ex-
before stated. The affairs of ten National
Tbtnks have been finally closed within the
honql-bapk system 81 banks have been placed
In the hands or receivers aiid 4eO bhnks have
'voiuntariy closed their business by the votes
OF shareholders owning twO-thirds of their
aind h'gaI of.lr1e lRevised statutes. of the
banks ia 50 placed In voluntary liquidation by
BdsH6rsll and IN fhese zcasesF Frecofyefs were
appointed by the Comptroller to wind up
u = haSe pSnbs bsenp peSsa eosed in eaT tHe
Ing 80 stilI In process of settlement The loss
to crosit9rsr of agtio4al banks which b. We
-
nearly twenty years Tint have Elapsed since
the passage OF the. act Of February %, 1873, as
Whsh % g. SSdePas anjs sa
loss has been, therefore, about s455,ooo in the the
ea Il "R
been responsible for the safc-keepfng OF de-
s1ojfsin fheir hands averaging constantly over
cent. of annual loss to depositors.,
The time REQUIRED for liquidating the affairs
-ofinsoivent- banks depends chiefly upon the
amount OF litig ton which may arise in any
caseit y impassible. 70 tell in advance what
questions II my become nee ssary 70 refer to
the courts for decision. In many Of these
matter has beenbrouPht before the courts of
last resort Thesdockets Of the spprqme Courts
Couitoft the aUn ted States are crowded, and
when an appeal is made to these tribunals,
years often Glnpse before tho case can be
ready mada. the forms ofprocedure, unde tho
laws governing, Nationat banks, are better
n,nldefsstooa and in collecting ,aissets, ni
l tstocNhplders there is now no inducement to
Z profract litigation, either on the part Of the
Nordinary debtorsof the bunk or of the stock
holders who become such debtors when
assessed under their liability, rs provided IN
section 5,i5ia OF tho Revised Statutes. In all
cases of failure of National banks there arc
many claims presented to tho receivers, which,
DSsSs S,!sst. YEA j i
the genuine creditors. that such claims must
be rejected until their merits have been
psqperiy. iadlndicatsds by q court OF com
Rta ur rhs Ssehsfs aSy il her d
da ddnties for malfegse9ee y net VS. eisarly
such decisions as there arc bearing on this
matter point to complete remedy against
a them ~s9 The total @ amount paid to credit
s20al5,0u0 upon proved tclaims amounting to
S2a5s6,h5s. The dividends SO far paid thus
}. ,.thiriy-two banks shaving paid the ciidms'
tapa nst them in giill Assessmepts aInopnt
ing tol lSs lol,TJo have been ninfc ppon the
The purpose of enforcing their individual
. liability under section h,l6l OF tho Revised
Z stanItes. of whieh nbout. $4,000, go has been
coliected and 1914 4.oso % during the past year.
A scoTou doctor has won three million
francs at Monte Carlo, according to the Lon.
don Trq4th Noticing that some numbers
came up more often than Others at the rou.
. lette tables, he came to the conclusion that
the cylinders must be faulty, and by the EN-.
sploywent rofessionslipiqucurs he. dscoy-
: cred the nuinbsrs that had come M most fre-
quently during the space of a week or two Of
the tables, and these he backed Will the result
/ stated. ti-tff gHrfYhN
A woRoEsTER (Aiass. man. Who mas OBJ
served the comparative ease with which peo.
pie "do' their thirty Auq forty ,miles'p one
evening" on roller skates,D makeS tie ipfedie1
tion that the time 10 not far distant when
smooth, covered ways for the accommodation
OF wayfarers so equipped will be as common
a. rail and drive-ways are now-Boston Post