Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1884-08-14
SECRETARY CHANDLER RETlcENr.
THE WALL STREET BANK.
The Result of the Examination
Made by Two Directors.

Made by Two Directors.
New YORK, Aug. 11-l0.40 9. m.-
The Wall Street Bank has just closed its
doors ewing to Irregularities on the part
Of its cashier. The bank will remain
The president Ia Thomas W. Evans and
the cashier John P. Dickinson. The
bank Is situated at No. lie Broad street,
and is state bank. When its last
annual abatement was issued, in Ssptem-
Der, 1883, the figures were Paid up
capital, 100000; surplus, $65, 1877 I'M.
divided profits, S47,73 Kiernan's
financial agency reports The vice
president Of the Wall street bank states
that the olearanoes OF the bank will go
through the clearing house to day. The
capital stock Of the bank, amounting to
100000, will probably be swept
away. The depositors will eventually
De paid in iull 1. is likely that so per
oent will BIS paid them by the end Of this
week.
NEW YORK, Aug. 1l..-Hessrs. C. F.
Timpson aud c. j. Osborn, directors OF
the Wall Street Bank, on Sstur.
day night and Sunday made q thorough
va Avn hhciAbt anu oGGiuEu III
| justice to all parties not 10 open the
institution this morning. The result of
their examination was in round figures
as follows: Deposits, 1880, 900; call
loans, 81, l00, 600; good business paper,
$3.50, 600; cash on hand, $1S5, 900.
The cashier, Mr. ]. P. Dickinson, has
been lending money too freely on in
sufficient margins and it is estimated that
the loss thsrsirom will be somewhere In
the neiphborhooi of 100000. The bank
was debtor AZ the clearing house $28, 900
this morning, which has been paid. II
ia estimated that the dspositors will be
paid In full, and that part of the ospi.
tai stock will remain.
THE BANK WILL sTRAlanTRN OUT.
New York, Aug. l1.-Mr. c. +. limp.
CON say6 relative to the closing of the
Wall Street Bark: "Ths trouble arose
from the fact that the cashier has been
looming money on insufficient securities
and securities which at the present time
have very little market value. l was
one Of committee appointed to examine
the condition OF the banks affairs, and
insisted, 10 view of the circumstances
that an account should be rendered
pending which the bank had closed iii
doors. The banks depositors will b.
paid in full and the bauk will be able I,
strsighten out its affairs.
THE WALL STREET BANK SHORTAGE.
NEW York, August 11.-It is stated
that the shortage of the cashier amounts
TO 100000 and that the bank hal
$4,000 Of bad debts.
THE pREsIDFNT,s AssrpINr NoTrcp
New YORK, Aug. Il.-PTesident Evan
OF the Wall Street Bank has issued tn,
following f: "0wing to the Irregularities
Of the cashier, we deemed 1t best to max,
full examination Of the affairs OF tn,
bsnk. From the examination already
male, We feel assured that the depositOrl
will be paid in full and speedily.
OGDEN + co.'s CHECKS.
New York, Aug. IA notice wal
posted at the Wall Street Bank tbit
morning, announcing that all checks o
Ogden y Co. will be paid on presentation
at the First National Bank.
CASHIER DICKINSON.
A rumor was current at the openint
OF business that the Cashier Dickjnsor
had been arrested, but It proved TO b,
unfounded. 1t ia now asserted on good
authority that Dickinson has beer
using the bank funds for private ventures
in grain and stock. His margins, how
ever, were small, but he averted sus
pieton or comment by putting email sums
10 bis credit in large number of offices,
II is thought that his latest purchases
when closed out, will show prof, as the
market advanced after they were made.