The Portland daily press., 1884-05-28
FINANCIAL.
More About the Grant Failure.
Individual Assignments Of the Grant
Brothers.

NEW YORK, May 27.-Individual schedules
in the assignments of Frederick d. Grant and
Jesse r. Grant to James McNamer were filed
to-day. The schedules of Frederick D. Grant
show the following statement. The debts and
liabilities amount to $2,2l5,066 made up as
follows: Creditors other than preferred, $780,
600; preferred, $243 966; contingent liabilities,
$4,000; par value OF securities borrowed from
Grant & Ward, $1,140,800; assets nomiDally
worth 81 1896, 013; actually unknown.
Schedules in the assignment of Jesse R.
Grant show debts and liabilities to the
amount to $95, 429 and assets nominally worth
$131 $50; assets actually worth unknown.
Jesse Grant makes an affidavit as to the cause
OF the difference between the nominal and ac-
tual value of the assets and says he is unable
to state the actual value OF the assets and
monies because Grant & Wards property is in
the hands of an assignee and receiver and no
schedules have been made showing the assets
of the firm.
United States District Attorney Root lodged
a warrant for the arrest of Ferdinand Ward at
the Ludlow street Jail tonight on complaint
of Bank Examiner Serbia who charges that
Ward aided and abetted President James d.
Fish in Incorporating the funds of the
Marine Bank.
Donnell, Lawson & Simpson, the brokers
soon resume as most of their creditors have &C.
cepted proposition made by the firm aud the
assets are being rapidly converted into availa-
BILE funds by the assignee.
The Metropolitan Bank.
A meeting of the Metropolitan bank direc-
tors was held this morning. The president
stated that the deposits had diminished about
$9,000,000 since the suspension, but show no
further diminution this week.
George j. Seney to-day in consideration of
$3.50, 900 transferred to the Metropolitan ma
tional bank 1877 paintings in his residence, No.
Montague Terrace, Brooklyn.
Run Upon an Arkansas Bank.
Hot SPRINGS, May 27.-The Hot Springs
national bank closed its doors to-day owing to
a run on the bank caused by the reported alb
sence of President Andrew Bruon. The liabi-
Titles are $4,000. A run has commenced on
the Arkansas national bank of Hot Springs
which is understood to be in good condition.
There is great excitement.
The Penn Banks Affairs.
PTTTsBURG, Pa, May 27.-The directors of
the Penn bank have been making an examin-
alton of its accounts to-day and find one with
ID. Wilson q Co.. which shows over checking
to an extent of $4,000. No such firm is
known in this city aud it is supposed to repre-
sent accounts of a numJer of persons lately
operating on the wrong side of the oil market
and who have been allowed to draw to the ex-
tent named. The account of a prominent oil
dealer was found to be overdrawn 1877 ,0C0.
These two accounts represent ~ 600 in excess
OF the entire capital and surplus of the bank.
Cause of Suspension of strong's Bank.
GREENBAY, Wis, May 27.-The cause of
the suspension of Strong's bank here yesterday
Henry Strong who departed for the Eas Satur-
day night lowing to the failure of several
banks in this vicinity last winter, and the gem
eral Generalization of financial matters lately
and also owing to some villainous reports cir
cnated about our own bank our deposits have
nd ca hat in
thres or four months we have had
to pay out over 100000. Feeling that we cam
not convert the assets rapidly enough to meet
the demand for money we deemed it best in
Justice to all to close the bank and wind up
its affairs" The belief exists generally that
depositors will not meet with much loss. The
directors find that the assets amount to about
$350,005, and liabilities to $340, 600.