Morning journal and courier., 1884-05-13
News by Telegraph FROM ALL QUARTERS. TnB BANK lNSOLVBNT. Features of the New York
 Failures. GEN. GRANTS HEAVY LOSSES. The Timely Relief Rendered By
 Vanderbilt. NEW YORK IN THE ELECTION Some Hints to the Repub-
 lfcam Committee.
NEW YORK IN THE ELECTION
NEW YORK.

The Wall Street FailureS-Bank Ex-
 aminsr Scrtba's Report On the Ma
 rfne Bank-HOpes of Paying the
 Dsposftors-Vander CT b1lt Comes To Gen.
 sral Grants RelieE-The Ex-Prestdent
 C0nsults Ex-senatOr COnkIing.-
 NEW YORK, May 12.-Many of the deposi- tors of the collapsed Marine bank called at the bank today with 8 view to ascertaining the name of the receiver who it was stated would be appointed to-day, but they went away disappointed All MT. Serbia would say was that he was New York man and thoroughly qualified for the position. Mir. Serbia stated that the bank was insolvent and that he had so reported to the comptroller of the currency at Washington. His report of the condition of the affairs of the bank would he thought be ready early in the present week and be at once forwarded to Washington where it would be given to the press. In reference to a statement published in morn ing paper purporting to be a transcript of Mir. Scriba's statement that gentleman said it WAS not furnished by him and is entirely in- accurate. "I have strong hopes" said Mir. Scriba, ''that the banks assets, including what may be recovered from the estates of Fish and Ward will be sufficient to pay the depositors without an assessment on the share holders. :" According to Vice Pres Snow, the banks liabilities and assets are about as fol lows: Nominal assets, $5, 5,6oO, 900; deduct, $900, ,OOO; unsecured loans to Grant & Ward, loans secured by rehypothecated collateral, $80O, ,OO0; total deduction, $1, 700, GOO; actual assets, $4, 300, 900; liabilities to depositors, $4, 500, 900; deficit as to depositors, $60O,- GOO.
 But few of Grant & Wards creditors vis- tied their office to-day and nothing new in regard to the affairs of the concern could be learned. Assignee Julien T. Davis states that the firm had no contracts from the gov ernment, although they industriously circulat- ed the report that they enjoyed monopoly of certain contracts and thus secured laage sums of money. General Grant came down to the office shortly before noon and after a brief stay proceeded to the office of ex-Sena- tor Conkling in the United Bank building and remained for some time. The magnani- nous conduct of William Fl. Vanderbilt in releasing General Grant from the immediate payment of the $l5O, 1000 note which MT. Vanderbilt holds as voucher for like sum loaned the General meets with ap- proval on the street. What, if anything will be done by capitalists to relieve General Grant has not yet been announced.
 Ferdinand Ward of Grant & Ward made an individual assignment to-day to General C. Holt.
 Mir. Scriba in his brief statement expresses the opinion that depositors in the bank will receives 75 CT 80 per cent, and if the estates of Fish, Grant and Ward can be profitably disposed of they will receive the full amount deposited. Should the full and detailed re- port from Examiner Scriba, which is expect ed here tomorrow, sustain the facts already reported g receiver will be appointed at once.