Savannah morning news. [volume] (Savannah) 1868-1887, 1884-08-20
DETHRoNED FINANCIAL KINGS
The Wall Street Bank shown by the
Statement to be S45S-413 2S short

/ The Wall Street Bank Shown by the
Statement to be S45S,473 2s Short.
! NEW YORK, Aug. 19.-Bank Superin.
tendent Payne reports the condition of
the Wall Street Bank to be as follows
/ Assets, actual value bills discounted, less
| protested notes and less doubtful notes.
| $300,000; demand loans, market value.
! 81, 109,57 bad or doubtful loans. S491. .2S3:
actual value, $61s.2SS; due from banks. ac-
tual value. $29,9 overdrafts of lit
tie or no value, par value, 51,959; Uni
ted states per cent. bonds at Albany,
$1,000; part ownership in clearing house
! building, $1,000; cash, Sl69,S41 total as
sets, actual value, 81, 120, ,555 81. Liabilities,
amount due depOsitors, $1,049, 462 80;
overdrafts, S51 ,959 80; unpaid dividends,
S340673; rents and salaries accrued, ST.
200; capital stock, $500,000; total hablli-
ties, Sl,6O6,O2 SO, leaving a deficiency of
S4S5, 473 %. On this report the Attorney
General has begun suits for receiver.
Upon complaint of Willis S. Payne and
VIM. f. Post suit was brought today
against the Wall Street Bank to have the
corporation dissolved, its franchises for
teited, and for the appointment of re-
ce1yer. Judge Bartlett, In the Supreme
Court chambers, granted an Injunction
restraining the bank or its officers from
tAASBOolh5 VI any Vi us property.
GRANT d WARDS AFFAIRS.
Another order of arrest has been OBJ
tanned in the Superior Court against Fer
dinand Ward in the suit brought against
Ward, I. S. Grant, u. S. Grant, Jr,, Jas.
ID. Fish and VIM. G. Smith, by VIM. H.
Bingham, broker, to recover $48, 900. The
papers were sent to Ludlow street jail,
where Ward is now confined Bail is
fixed at $4,000. Bingham claims to have
advanced the above amount to the firm of
Grant ~ Ward on representation made by
Ward & Fish concerning the firms deal
ings in United States Government con-
tracts, which the plaintiff now says were
fraudulent. The reason for obtaining the
order is said to be that negotiations for a
compromise cot the suit brought
by eX-City Chamberlain Tappan, and
the release of Ward, are pending.
ORANGE JUDD'S ASSETS.
The schedule of the assets of Orange
Judd, who left New York for the West
last year with liabilities of $144,000, real
Ized, at public auction, $543. A claim of
$4,000 against G. NJ. Crandall sold for So,
and 100 shares Of the'Sackett PlOw Com
pany sold for $40. The remaining assets
brought corresponding figures.
PETERsBURG's BROKEN BANK.
PETERSBURG, VA, Aug. 19.-In con-
formity with the decree of the Hustings
Court, made at the June term, the case of
Williams and others VS.. the Planters &
Mecnanics' Bank, JnO. G. Armistead COM
missioner, has prepared his report show
ing as nearly as possible the condition of
the bank on May 30, 1884, the date of its
closing. The Commissioner reports the
face value of the assets at $40, ,473, among
which are bills receivable for 1869 500.
and Overdrafts of Sill, $40. The estimated
Y l3In of 4D ofa 10
Commissioner says that the Union Ma
tional Bank of New York, the Norfolk and
Western Railroad Company and the Citi-
Zens Bank of Bellefonte, this State. ap-
peared before him by counsel, and stated
that thev had obtained JUDGMENTS as fol-
lows: Union National Bank, of New
York, for S4,535; Norfolk and Western
Railroad Company for $19,213, subject to
credit of $375, and the Citizens Bank of
Bellefonte for $9,056; that execution on
said judgments had been issued, and
were now in the hands of the Sergeant of
the city of Petersburg. These cor
porations claim priority over all other
creditors of the bank. The report of the
Commissioner shows the Liabilities of the
bank to be $404,621. The Commissioner
further reports that if so ordered the trus-
tees of the bank can pay a dividend of
about L per cent. on second class debts,
after paying in tull the first class, viz:
81, ,460 due the city Tor taxes.
STONE cos. EXTENSION.
PITTsBURG, PA, Aug. ia meeting
Of the creditors of James A. Stone q Co.,
large coal operators, has been arranged
and will be held III a few days, when it is
thought that the extension asked for will
be granted. The liabilities are about
S300,O00 and the assets are estimated at
over S5O0,OOO. Their embarrassment was
caused by the general depression of the
coal trade.
DEAN,S SCgEDI-TEs