The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1884-06-06

illustrated Correspondence Neo North West.
The "streel," by which expression every
body understands Wall street, the centre Of
financial operations in the United States,
was startled when the Marine National Bank
closed It's doors. Stocks ran down immedi.
ately, and the panic Of 1884 was begun. II
does not yet appear what the situation Of the
bank is. Experts are at work on the books,
aud the long looked for statement has not
been given 10 the public. One thing Is GER
tain, that the affairs Of the firm Of Grant IL
Ward and those of the broken bank were 20
blended that the suspension of this was fol-
lowed closely by the failure Of that. Ward,
who led bis fellow. partners by the nose TO
their financial discontinue, lie director In
the Marine Bank, and Its president was q
partner In the Grant & Ward business.
Moreover, these two worthless had other in
terests 10 common, as the ssqael will show.
Mr.. Fish 10 nearly 65 years old. He was
born at Stonington, Conn.,, but went TO New
York when q boy. For the last 20 years he
has presided over the bank bis connection
with which now gives him most dIsagreea-
BILE notoriety. HIS home was in apartments
over that institution until after the suspen-
sion. lie was diner.out, q prominent club
man, and well-known about town. Some
years ago his wife died, and he still contin-
ues 10 be Q widower. OF his two sons one
acted as cashier In the Marine Bank. In
personal appearance Mr.. Fish Is Of square
build, but has q ruddy, jolly countenance
lighted up with bright, good-humored eyes.
He wears glasses but still looks young, has
the reputation Of great gallantry, and Is quite
q sprightly old man.
Rumor gives him two million dollars
worth Of property, mostly held In real estate
and alleged first class securities. Ward and
be bought Booths Theatre, demolished 1t,
and raised . noble business building on Ito
site. or the numerous city lots which he
bought many years ago when he began his
career Of successful speculation, some are &C.
cupied with fine observation-disclosures built
by him. He disposed Of others advantage
ously, exchanged some for more eligible real
estate, and whether by sale, purchase, ex-
change, or building, proved himself . shrewd |
and far.sighted man Of business. Since the |
failure Of bis bank lie has morgaged an |
partment-house, the building Of which cost |
him $4,000, for $1oO, 900, payable upon de- |
mand. Perhaps Of all his ventures the pur
chase, demolition and rebuilding on the site |
OF Booths Theatre, In which he and FerdI- |
nand Ward, were interested together, was |
The most successful. The spectators made |
m outlay Of something over S700, 900, upon |
which is realized the yearly rental Of $780, 900.
No statement has yet been made as to the |
amount Of Mr.. Fish's interest In the Casino |
Theatre, New York, In the bonds Of which
Mr.. Ward also has property. Their associs-
ton, however, In an investment costing them
s233, 500, mortgaged for 100000, has been
made public. Mr.. Fish is popular man
among bis associates. Possibly bis affairs at
the Marine bank will be found to be
less disastrous than the long delay in fixing
them up makes seems probable. The mag
nitude Of the interests involved In the fail.
ure Of the Marine Bank is shown In Its con-
aition asreported April Gath \: Capital, $780,
600; net profits, s271 900; circulation, $685.
900; due other banks, 1921 900; due deposit.
ors, s5,0i6,0Oo; unpaid dividends, $500. To-
tai, $6,375,l0O. Certified stock, $685. |
Rssources-Loans and discounts, 81, 2o2, 800;
United States bonds to secure circulation,
100000; ether stocks and bonds, $4,000;
real estate, $2oi 200; due from banks, $780,
TOO; cash items. $50, 400; specie, 81, Ia, 200;
legal tenders, $255, 100; overdrafts, $500.