Morning journal and courier., 1889-05-28
THE MERCHANTS, BANK CASE.

Further Facts of Interest i'm Relation
 to she Case-The Bank Directors
 state Last Night That she Losses
 Will NOt Impair the Capital NOT
 Even Exhaust the Surplus.
 The Merchants bank matter was still the leading local topic of interest about town yesterday and inquiries were constantly being made if there were any new developments, not only by men of large financial interests, but by the general public, including people who have but little cause for dealings with banks. The arrests of two men so prominent and we'll known as Messrs. Bassett and Brad lev and of Assistant Teller Palmer gave the public decided sensation and suprise, but the general impression seemed to be that the law would not, if they were proven guilty, deal very seriously with them, as no one had attempted to run away to Canada. The CoURrER's full statement of the case yester- day learned from ex-Governor BlgeioW con tributed to allay the apprehenslons Ill tne community as to the extent ot the oamage to the banks funds, it appearing that the oank officials did not expect any 1mpalrIene Ii ol the banks capital and had ground to believe that they would be able to save some ot It's late $10O00 surplus. The exact ind ing of the bank examiners will appear shortly and the bank will make an of ficial statement to depositors in few days The statement made by Governor Bigelow in last Saturdays papers treasured the deposit ors, and there has been very little anxiety displayed by them since Governor Bigelow's statement. The United States bank examin- CTS duties oblige that official to forward his findings to Washington first, and ln few days he will be at liberty to make it public. Much credit is given to MT. Dooley, the ex- in United States bank examiner for Connecti- cut and Rhode leland, is the successor ot MT Mygatt of New Milford, who for so many years under Repu blican administrations held the office. MT. Dooley was appointed nnder the Cleveland administration. The United States bank examiner has charge of the ex- aminations of the notional banks in his jurisdiction. The other banks of the State such as savings banks, trust companies, etc., are examined by the State oficers; also the State discount banks, such as the City and Menchanics' banks of this city.
 Owing to the assignment made by Mr. Bassett his store is under the charge of an agent of the Probate court until trustee is appointed. Deputy Sheriff Higgins is the agent in charge, and when not on duty him. self has keeper there acting for him. E. c. Beecher, the auctioneer, who has been nominated for trustee, is the well known real estate man and auctioneer. The hearing on his nomination comes before the Probate court next Friday morning at 10 o'clock. The Bassett assignment, it is stated by prominent authority. takes priority to the mortgage given by MT. Bassett to the bank allowing all creditors to come in and share alike, both as to the value of the goods in stock and the real estate and other assets, the second mortgage having been given when the financial squall had struck aud showed it's force.
 Director C. S. Mersick of the Merchants said last evening that, all rumors and reports to the contrary notwithstanding, the bank would emerge from it's present blow not only with capital unimpaired, but with fair DOT bank to the depositors would be made some time this week. It necessarily took few days to get all the answers and reports in from the banks correspondents. All rumors that the banks capital was impaired were idle tales and groundless.