New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-13
A RECEIVER FOR TIE BANK.
NO ONE YET NAMED, But THE APPOINTMENT
LIKELY TO BE MADE TODAY.

LIKELY TO BE MADE TO-DAY.
There was good deal of speculation yesterday
reagrdng the appomtluen OF receiver tOr the sus-
pended Maine National Bank. At one time 1t was
stated that receiver had been appointed; nut MS
name was not disclosed, and the report could Lot
be verified although some OF the bank directors SAID
that thoy had been 60 infoI u.od by Examiner
Serbia. Great pressure is being brought TO bear
upon Mr. Cannon, the Controller Of the Currency
In favor of certain candidates for the Teceiyership
The majority of the creditors favor the appoint
ment of u man who has had experience IN matters
of this kind, and whose knowledge Will enable him
to look closely after the interests OF the depOsltoIS
There are several such men in the employ or the
Treasury Department, any OF whom would be ac
ceptable to the deposltors. several 0ther persons
who think that the rccelVeTshlp would be d" a good
fat position making strenuous Efforts to procure
the appointment. Petitions, are beng circulated
for signatures among the creditors and well known
business men. 1t as asserted that some politicians
are also looking for the position, regarding 1t as
legitimate piece of political patronage 10 De Iarned
out to best advantage. Ii left to himself 1T was
believed that Controller Cannon could be trusted to
appoint thoroughly trustworthy and competent
man. He is new to the position, however, having
only fled his bond Yesterday and If a strong press
ure should be eXerted in high official quarters to
secure the appointment OF quasEp0lltClan as re-
ceiver it was considered doubtful whether the
Controller could withstand it. One of the persons
suggested eminenty tilted for the place IS III the
Treasury Department, and has been success
full IN winding up the affairs OF several broken
Western banks. 80,
The directors of the bank met at 10 m, but did
nothing except to talk over the sub ect OF the re-
ownership and wonder who would be appointed.
At haIfpast four they were called together again to
pass upon the question OF the repeyln bonds. which
had to be given in connection with the furniture IN
Mr. Wards house. They voted to give areplevln
bond, but transacted no other business.
TRIBUNE reporter who was admitted 10 the
bank saw Examiner Serbia and Director James
W. Elwel The examiner had not made up ms
statement Of the condition Of the bank. and dld
not know when he would be able to get it ready to
send to the Controller of the Currency. lie said
that he had not submitted report OF the banks
condition to anybody. All the statement he had
made was made over his own signature and was as
follows, in answer to request to furnish his full
statement:
Icanno give You the information asked for aside from
this: that say that believe the assets, Including
Ward will realize enough pay the depositOs without
assessment of the shareholders
Mr. Elwell said:
receiver has been appointed but MI Serbia has not
vet diyuged his name to anybody, thinking that there
may yet change and that it is best to be absolutely
certain before giving it, Mr. Serbia sad to me- and so
have dozens OF others to-day that the only sensible
yet published by of the newspapers was In
THE TRIBUNE to-day.
Controller Grant received in the morning brief
report of the condition of the bank from Mn Serbia,
who SAID:
believe and hope that the assets including what may
be recovered from the estates OF Fish 2nd ward WI
realize sufficient to pay the depostors In iu without an
assessment OF the Shareholders
In the afternoon the Controller, hearing that the
Controller OF the Currency was about to appoint
receiver Tor the bank sent dispatch asking HIM to
with him more fully 1t is Mr.. Grants
design to represent the importance of the ctys
claim against the suspended institution, and 10 OPP
pose the appointment of any person who would be
disposed TO disregard the cltys right IN favor OF de-
posters claiming smaller amounts.
The committee appointed Ivy the Clearing House
Association TO report amendments TO the constltu-
ton and bylaws held a meeting yesterday, lasting
from 2 until nearly p III. The matter before IL
discussed thoroughly, and two sections of the
constitution were amended III such way rs 1t was
thought would prevent embarrassment in the
future. The amendm ents will be printed and sent !
to the officers of each bank represented in the |
Clearing House Association, in order that they may
study them and be prepared to discuss them when !
the Clearing House Association meets. The COM |
iect TO the call of the chairman
In the Board OF Aldermen Alderman Michael !
Duffy presented n resolution about the recent fail
ure. It received In silence and adopted with
out dissenting voice. 1t read as follows:
Whereas BY failure Of the Marine National
thereto the city is likely To become loser TO the
OF II 100000; ana
whereas II duty of the Controller to
tain the sOyency and Integrity OF every bank in which
the citys money Is deposited and any neglect of such
duty is deserving OF the everest censue therefore be IL
Res0lped, That the Controller be and Is hereby re-
0uesed to report To the Board the amount OF money be-
longing TO the city on deposit In the various desg
mated depOsitaIies for the city finances. and also what
protection, II any the city has against repetition OF
disaster similar to thai OF the Marine BANK.
WASHINGTON May 12-eThe Controller of the
Currency to-day received a letter from Mr.. Serbia,
the examiner in charge of the Marine National Bank
Of New ork saying that the bank is lDsOlyent, and
will have TO be placed Tn the hands OF receiver.
The Controller says that receiver VIII DO APP
pointed AS he receives the report OF the ex-
aminer, which will probably be Tomorrow. 1t was
expected to-day, but did not come.