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

drawn for regretted their withdrawal oeoause ws
are ola customers Of ours and very nice people The
could not go beyond the orders OF our 81 business was
OF this s67 account o. hands ON We
and was needed to gnrenn e sm hut Fisk Hatch do
cned TO accept certified check given ny have been
we sent tne % any assistance but have declined
all these offers with thanks. Inc p""A uo''
assistance.
Cashier Bull said: ,r,.re
,be raor Started that we in trouble WE are edS
excellent condition and ready TO meet a.,
ON ms We have had many oilers OF assistance
One of the minors started during the DAY wac
that John D. Jones, president Of the A,lan,,G nua
taal Marine Insurance Company. hau panT and a5
amount of securities of the Phoenix BANK anu uu,
vanced 81 GOO, 900 therefor; tresident . lin,
laughed when informed of this story, and turning
TO an elderly gentleman, SAID: iheio 10 ''''
Jones; you can ask him."
Mr. Jones said that there was no truth III inc
story but that if the bank wanted money he would
he very glad to advance It, He added that the
hank was thoroughly sound and able to meet ITS
obligations
The last statement of the bank made on satur-
day last was follows: -
CAPITAL stock Tl0oU' 900 ~
Surplus. o COS 900 oo
Loans: ESQ 600 90
Deposits 600 Oh
Specie 100 800 90
Legatenders oz9000 90
Circulation. ~'',
The directors are Israel Corse, William Bryce
Edgar Van Wn6e Eggen Sa D%5n John Parker
John P. White, John II. Pool, George H. Nlcho'S'
John d. Jones' Clarence W. Gould.
ONE BROOKLYN BANK CLOSES ITS DOORS.
The news of the excitement and failures in Wall
Street caused much alarm in Brooklyn, and those
interested in the financial institutions OF that
| city feared lest they should be involved IN inc
| ruin. Only one institution, however, seriously
suffered This was the Atlantic state
| Rank in which Mr.. Seney held one
| quarter OF the stocks. IL cleared through
the Metropolitan Bank and had sent overits funds
for the day before the closing of the Metropolitan
Bank was reported. In order to avoid a run on the
deposits and to realize upon It's securities, the Az
lantic State Bank decided to close its doors at p
| m There was no crowd about it, and only Few
| depositors were turned away without their money
The cashier. Oliver NJ. Denton, said confidently
that the bank would reopen to-day and pay all the
depositors in full. The capital was $2OO'oOO ana
on January / there was a surplus of 100000 and
undivided profits of $30,2s1. Mr.. Denton added
that the bank had sent its checks to the Metropo-
| tan Bank not doubling that it was all right. When
| that closed they we're left without money, and III
the panicky condition of the market it was impos-
sbe to realize on the securities i'll their possession,
| which were worth over 100000.
| q. :. Puller, president said that the bank would
resume to-day, and that the temporary suspension
was due to the amount of its deposits with the Me-
tropolitan Bank. The directors are George L. Sehoy'
| Henry X Sheldon, John French, George w. Bergen,
| William II. Wallace, George S. Pnffer and Charles
H. Raymond. The city of Brooklyn has 100000
of its funds deposited IN this bank.
The other Brooklyn banks which cleared through
the Metropolitan Bank were the Nassau and the
u l. hoJ IT,, ohaoly yqIH
promptly before the failure, and the cashier said
that it would not be affected except by the locking
up temporarily of a small balance. The Mechanics
Bank secured all its funds its paper being re-
deemed by the Metropolitan Bank, before the doors
were closed. Both banks made arrangements TO
clear through other banks to-day.
AS soon as the news of the condition of
affairs in Wall Street was announced in Brooklyn
! Mayor Low, Controller Brinkerhot and CITY treas
/ urer Wheeock held a consultation. II was learned
that the amount of city funds III some OF the banks
had been drawn upon largely as 81 ,03O 600 on the
| city bonds was paid on Tuesday and S05OoOO yes
/ terday The amount Of city funds left on deposit
! County Treasurer Adams said that there were no
| Kings County funds III the Nassau Bank.
! Al the bankers made preparations last evening
! for the expected run to-day by nervous
depositors John Williams, president of the
| Fuiton Bank SAID that it had not lost "A
! dollar by the failures. Brooklyn banks were
more conservative than those in this city. The
large failures due to the extensive watering OF
stocks Elias Lewis, of the Brooklyn Bank, said
tlat no other Brooklyn bank except the At
/ lantic State would be affected. AS 30
inc panic, he thought that when rotten state of
affairs existed the sooner the explosion took place
| the better John G.. jenkins of the First National
! Bank. said that his bank had not been in any way
affected lie believed all the Brooklyn banks to be
/ perfectly steady. 80
The directors of the Atlantic State Bank will
meet this morning and prepare statement for pub
| lcation The resumption of tie bank, 1t was
| learned last night on the authority of President
| pnfer will depend on the action of Mr.. SeDey. who
| owns from one-thrd to onc-halfof the stock.
THE BANK OF THE REPUBLIC STRONG.
George 7. Simpson of the suspended banking
firm of Donnell, Lawson & Simpson is one of the
directors of the National Bank Of the Republic
Customers of the suspended firm were aware thai
it had been doing business both with the MetrOpo