New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-09
CHECKS PAID AT TIE LEMON HILL.
prpo,rToRs GET ONLY PROMISES ~ PAY-A
STATEMENT FROM CHARLES J. CANDA.

Drpo,IroRs GET ONLY PROMISES ~ PAY-A
STATEMENT FROM CHARLES J. CANDA
In spite OF the inccmcut weather Yesterday
ing over 800 people waited in the rain outside of tho
Icno> I'M Bank for the doors To be opened. Plans
had been made for them 10 walk through the doors
In single file and in the same order out through
door M the rear of the builing. The plan did not
carry for the crush Of depo,torS great that II
wa, absolutely impossible to keep order. Women. {"
whom had been given front rank I'm the crowd were
pushed against the railing. some became frightened
and screamed and there was nearly a panic before
tho line wa, Strengthened ont Little good 1t did the
dcpositor, They could have got a much rs thew
finally did without any II the rush and crush All
they received for their deposits certificates Of the
amounts with promise 70 pay some time Withlh
thirty days. only holders Of certified checks got
cash.
II was ten minutes after the regular opening hour
when business begun. and those ter minutes
wcr,, extremely long ones to the depo'ltors' WHO
feared that some sort Of trouble had arisen during tho
night They passed resolutions OF confidence III
conrad ~ Jordan, who is the temporary president Oh
the bank at their last meeting but they wanted theIr
money
Two certified checks for $1,000 each, drawn III
favor Of the oriental rank. presented earF III
the forenoon. Mr. Jordan examined carefully mo
the circumstances surrounding the ceIthcaton OF
these check, before he would pay them. lie finally
drew check the amount of the two IN question on
fine Western National Bank. Cashier Van Zandt was
the manifest man behind the railing of the institution
rhc check for Fl 800 drawn by F. J. Curry. one of
the dcpo>itors which hc certified on the day on which
the bank closed and which he refused to cash on
me same day was paid and Mr.. Curry promised ID
dr,u all proceedings against him. Mr.. Nrecland
,lcrl, i'm the Fire Department. VINO had oeruheu
check for $500 also got his money. some deposits
vcr, received among them being one for 500, MADE
by W. ;. Andrews.
Mr. Jordan was at the bank during the day ana
thcre made brief statement to his future intcn-
firms. lie said that the safety Of the bank depended
,tir,Iv upou the quality Of certain securities hcld
hy if. lie intended to examine them in the after
noon and if they were all right he would put S6oooo
new money into the Institution. This VIII put inc
hank b.yond any doubt in condition To pay
nu every dcpO,Or in full. tof rcd'3''
xpancd the names Of the directors elected on FRI
dny have been kept secret They are uhuerotoou
SON Fowler the only one OF the old board Ieee'tcu
Charles Llcbmaun. brewer; Jacob Bechhdn, i,, va
tate dealer Charles T. lucngne, brewer anu
Lee WOln provision dealer uo ves,er,
Charles j. Canda. vice president OF the western
National Rank has issued circular letter to the Ge
po,tors aud stockholders OF the bahn eAp t '6
honL pUsltion in the recent suspension OF the SAN
national the Equitable and the LenoN I'M oanhs i i
The latter part of December, he adds we Le"VA ,,
uni vas informed that ue western
T,tinnol Bank would cease 10 'Irhl '"' nv
1cr,nse of the change In the maldscmcn'i ino
Euuablc Bank was also to1 10 ''no I'M tb..;r
"imt as large unccIthed checks, comprising lher
I'M t ,vcrr discovered Delay was asked ana 4
s,r DAYS were allowed IN which SOD shircs oi 'he
initial stock of the sixth NatohH haIh, NNucu uu