Daily Kennebec journal., 1884-05-09
NEW YORK FAILURES.
Grants Statement Not Ready-The EX.
citement Somewhat Abated-COn.
ditIOn of Bank Looking
Better.
New YORK. Nav S

New YORK. May S.
The excitement occasioned by the failures
of the Marine bank and Grant & Ward was
shown to have greatly moderated on the street
this morning. Grant & Wards promised
statement was anticipated with interest. but
other phases of trouble caused extraordinary
concern.
The rumors Of yesterday that other banks
than the Marine would materially suffer by
the disaster was emphatically denied by Man
ager Camp of the clearing house, who said
that there was no foundation for them to
stand on. At Grant & Wards office it was
said that their statement is being prepared,
but exactly when it would be made public
could not be learned. 1t is thought it will
appear sometime today.
A committee consisting of J. w. Ellwell,
Henry Baron and Ambrose Snow. appointed
by the directors of the Marine bank, to assist
at the investigation of the institutions ac-
counts have begun their labors. The opinion
grows more general that President Fish acted
prematurely in closing the doors of the bank
Business men seem to think that he should
have made an effort to secure means to tide
over the difficulty. There were compare
lively few inquiries at the bank this morning,
it being believed by depostors that they will
eventually be paid in full, and all appear
willing to await the result of the examination
now in progress.
j. D. Fish has made an assignment to J. r.
Morris. Preferences, Marine bank to Grant
& Ward.
Fred. r. Grant and Jesse X. Grant have
made an assignment to James McNawee. The
former gave preferences of $240,000 and the
latter of $4,000.
LONG ISLAND CITY. May s.
Mayor Petry stated this morning that Presi-
dent Fish of the Marine National Bank had
given him renewed assurance that the depos-
itors would not lose a dollar. Mayor Petry
also says that even should the city lose all
the money deposited with the Marine Bank
only temporary embarrassment would be
experienced. several capitalists having already
notified him that in case of need the city
could have from them sufficient funds to keep
it above water until next years taxes were
paid.
WASHINGTON, May s.
Mr.. Langworthy, acting comptroller of the
currency, today received another letter from
Mr.. Serbia, examiner in charge of the Marine
National Bank of New York, saying that
strong efforts are being made to resuscitate
the bank, the result of which, however, will
not be known until the affairs of the bank
have been thoroughly investigated. He also
says that owing to frequent Interruptions and
other causes, the examination will take more
time than he at first anticipated.
NEW YORK. May 8.
In the suit brought by the New York,
Chicago & st. Louis Railroad Company
against Ulysses S. Grant Jr.. Ferdinand
Ward, Ulysses S. Grant, Jas. %. Fish, VIM.
c. Smith, Julian T. Davis and John II. Nor
ris in the superior court, Judge Donahue
this afternoon granted an order requesting
the defendants to show cause on the twelfth
why a receiver should not be appointed and
why an Injunction should not be issued and in
the meantime the defendants, and agents are
restrained from interfering with the partner
ship assets of the firm of Grant & Ward.
The firm of Grant & Ward refused to
make their statement today and resigned
their affairs, as it was announced that the
matters were in such a condition that no
statement can be furnished for several days
to come. The records of the register Office
show the following tranactions today. U. s.
Grant Jr.. in eonside ration of 100000 has
conveyed to his father-in-law, jerome B.
Chafiee. property on north side of 73d street
and also on 63d street. Ferdinand Ward sold
to W. c. Warren the building and property
on the site of the old Booths Theatre, 23d
street and 9th avenue, for s275, 900. He also
in connection has Jas. ID. Fish let premises
No GA and 66 West 23d street, to Jas.
McCutchen. At an annual rent of Sl6, 900.
The World says that the assignment oi
the members Of the firm of Grant & Ward
indicate that the fortunes of every member Of
the Grant family has been swept away. II
is understood that when Gen. Grant shall
have had his affairs disentangled from thoss
of the firm substantial assistance will be ten
dered him.
The Tribune says the hrm is not only
known 70 have securities on loans BY sevsrs