New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-15

that precptated it.
The bank has been heavy debtor TO the Clearing
House OH several mornings recently. Its debit par
ance Yesterday was $4,000, and on Monday $l'-
l7SOOO Since the failure of the Marine Bank the
rumors regarding the Metropolitan have beenrevived
and many large accounts in consequence OF the ru-
mors have been withdrawn. One of the directors
said yesterday that President Seney had made
mistake in not seeking the advice ana asslsauce vi
the Clearing House last week.
"Slnce then the bank has paid long balances" ne
added and when aid was asked 1t was too late 10
avoid the crash"
CONDITION OF THE BANK.
The bank has capital of $50, 100000 and sur
Mus of 81 400 O00 besides undivided prohts OF
over S134, 600. BY the last weekly bank statement
IT had at the beginning of business Saturday morn
ing 779 900 in specie S491 900 in legal-tenders
and deposits of $s.425.000. Its loans were
SO 977 900, and the circulation outstanding
was 81. .3O5. 900. The present condition of the
bank was not known yesterday, but one oil the
directors said that he could not discover serious
losses He expressed some doubt at the same time
whether the bank would be able to resume busl-
pess at once unless the Clearing House committee
found it's condition kmOre favorable than
he anticipated. 1t is understood that
the bank holds over 80. 100000 of East
Tennessee Virginia and Georgia Railroad securities
MANY of these are in loans made to persons IN the
West who bought them partly on the strength Oh
Mr. Seneya interest in the road Because the Dor
royers lived at a great distance the bank has not
been able to secure additional margins on the loans
s rapidly as Its necessities required The bank has
been offered recently 5000 900 for its bank building
of Broadway and Pinest but refused to accept less
than 81 100000.
Officers of the bank expressed the hope that II
wonld he able to pay its liabilities in full, but by
some IT was thought that time would be required
to accomplish this result
dispatch from Washington states that Con-
trolIer Cannon had received intelligence from Gar
rert H. Hobart whom he had sent to the assistance
of Examiner Serbia, that at the metropolitan BANK
matters looked hopeful bat uncertain.
The firm of Marshall, Field q Co., of Chicago,
Wholesale dry goods, was among the dopositors of
the Metropolitan National Bank and kept large
account there to meet its New-Yorl bills check
for $40 900 was received by one OF their New-fork
creditors by yesterday mornings mail abont the
time the MetropOlitan's suspension took place.
THE CLEARING HOUSE COMES TO IT'S RELIEF.
The special committee appointed by
tbe Clearing House Association to
examine into the affairs of the
Metropolltan National Bank, consisting OF W. l.;
Jenkins William Dowd, o. ID. BALDWIN, Richard
King and George s. COe, met at the bank last even
ing. and was in session SIX and one-half hours 1t
lacked just two minutes OF midnight WhSh tno
mittee announced the result OF It's laDofs as loi-
lows:
The Clearing House Committee have made an exami-
,o, ,t ti Hfetr"nolitan National Bank find the
assets Justify them in recommending to the Loan com
mee TO advance the amount required to enable lne
diatcly TO resume business
The report was read by William A. Camp. mana
ger of the Clearing House. Beside the committee
there were also IN the bank George l. oeaey, ,ne
J. D.. Nermiye, and q hummer hummer ttd Hd
clerks They all dispersed after the reading OF me
report, refusing all requests iof frlHer
MIR. sENEY's CAREER
Through the magnitude of his business
interests and of his philanthropies George
/ Senev has become widely known in
the United states. He has been reckoned
among the self-made men of the city, although he
did not begin life an uneducated or palelooled
bov lie was born at Astoria iiity-eight years ago.
His father was a Methodist Episcopal preacher VINO
could boast of being the, grandson OF
the the fist commodore o1 tIe uil'tu oiarei
Navy and the son o. a member of the hr5t Federai
ConGresS Though q preacher, he was aple 10 starr
his sons in life with several Thousand doiarS. nls
apprenticeship in the banking business ~ Mr, jd Tenef
served when young man as CLERK III Tue ~, oiu a. AZ
lantic Bank in BROOKLYN. lhence ne "as
promoted to be receiving teller OF the pans .so oi
which he became president after he had passed
through the cashiershp-the metropolitan; his APP
pearance Is that of a man who enjoys the good
things of life, and his disposition is cheer
fni, though occasionally in business his
manners seem somewhat brusque. close
cut beard sprnkled with gray covers d hs srcinG ch
His conversation Is always markeu
by precision He matriculated at Wes-
levan University, Mddletown, Conn,
and though he was not graduated from the lnst-
ton. but from the University of the City OF New
York he has retained interest in his old college,
which Is measured in manner by gifts which ag-
gregate $3.50, 900. lie recently endowed hos,
pital IN Brooklyn, which is to be managed
by the Methodist Episcopal Church, and is to cost
$500 900, and has given sums aggregatlng an9ther
half million TO institutions in Georgia, the Long
| Island Historical Society, The Industrial school
for Homeless Children in Brooklyn, the Brookly n
| Eve and Ear Inirmary. and the Brooklyn Library.
His interest in these latter institutions grows out
of the fact that Brooklyn Is his home OF many
years standing. ..,
For wears Mr. Seney's wealth has been estimated
to he In the neighbOrhood of five millions Ills
career as a railway capitalist began not more than
three years ago when he bought and organized tue
East Tennessee, Virginia and Georgia Rallr0ad'
A greater venture the construction or the New
York Chicago and st. Louis road Lattery ms
principal interests sup posed to have been In
| Ohio Central stocks.
THE SECOND NATION NAL SOLVENT
PAYING ALL APPLICANTS UNTIL LONG AFTER THE
USUAL HOUR - HOW THE DEFICIENCY WAS
MADE GOOD.
The Second National Bank was opened yesterday
half an hour earlier than usual to accommodate