New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-07
AGAINST JAMES A. SIMMONS.


AGAINST JAMES A. SIMMONS.
Conrad n. Jordan, president Of the Western Ns
tional Bank, who has been trying to put the Lcnox
Hill Bank on its feet talked for nou9 last night in
Lcnox Hall to the dcpOsitors Of the bank telling them
how he had been at work to save them from losing
their deposits. The hall crowded with men and
women, and there was great excitement when he told
them that the bank would be open in the morning.
The depostOrs have been pins and needles the
Institution closed they have had many hope,
destroyed BIZ unexplained bitches that they at hri
hardly knew whether to believe him not. lie said
that he did not want to raise false hopes which could
not be realized but >e thought the bank would be opc
in the morning Since the deposors met last the banks
debts had been reduced by 3355,000 Of which $40.
COO was in the kting7 checks, and $4,000 in money
due the Sixth National Bank. lie thougns
that he would be able to put S5O,.
900 in new capital in the bank in
the morning. lie had just bought 100000 worth
of securities and nothing had therefore been lost yet
lie was persuaded that they would all get their
money. For the succeeding one, two or three weeks
Mr. Jordan Will act the president OF the institu
ton, but he has the promise Of a Trustworthy and
honorable gentleman, whom he would not name. 10
take his place when the bank is put on Its feet again.
lie told them with great earnestness Of expression
that they could 90 and deposit money IN the bank
with the most perfect confidence. But Whatever was
deposited in this bank would not make the Western
National Bank responsible or legally liable. Butt
he added so far you have faith in me you viii
be guarded against future loss In regard TO the
history Of the connection which he and the Western
National Bank had with the wrecks, he said:
ON the morning Of January 20 1 had handed to
$500 OF the capital stock Of the Sixth Nato1d Bank
as security for the exchanges Of the Equitable Ba H. viii
had an account with me. When 1 received it valued u
at about $4,000 but morning It
twenty cents. also hal $l95.000 OF worthless checks
returned by my friends. Through the kindness OF
my nelghbors 500 900 has been Iepad. haze not one
dollars in the bank until restore 10 70
condition and give it into the hands o. those sue.
ceeding
The next thing I discovered was s25O.O0O worth
Of stock in place and 100000 IN another.
and IL was for get ont Of loss d
100000 which inflicted ne a.
innocent party. had nothing b d. with these poIl.
u was Equitable Bank which sent me back s3,'9l
II worthless checks By mere accident that MT
lawyer who asked me II would tralchton out te afsLs
OF that bank. He asked II intcrc-tcl BOO The
Sixth National Bank, and told me that 1 had better
,tralehten out affairs and h. would assist ne. L
know where stock -, he added, 'and all lon haFa
10 90 Is 10 pay back the received Ihs vas
practically The missing securities or their elu'A
lent in money were got bach and to-day there Il aloli
$500 600 more the value u the Outstanding enc "
.673O0O. Mr. Lelant's friends received 100000 Ia''
were $4,000 Of bad checks returned TO me hon
one bank and $4,000 from another. Aou VIII
see got nv fair share these bad chccSs have Lol
lost dollar by time. had nothing but 10000
In collateral 10 allow NE TO maze exchanges lof "a
Equitable
That is the situation OF the Western National Bank
today and there has never been since Black Friday
bank so much abused this one. Ny friends and mo
bank have suffered in consequence. ! don't care a"'
IL myself 1 think that l have been very unIusty
treated BY tho press OF New.York because would n0i
answer all questions which put to nc. have been
treated worse than criminal I have been hunted -
though was cur. have been silent and II silence
{. a crime l am a criminal. l. j. due 70 ne that
reparaton should be made. l shall now be pleased %
answer your questions ms Is Ae hfsI uIl' uS' NV
been able TO say that
The reporters Immediately took advantage OF tho
offer to ask various questions. but Mr.. Jordan mad 10
hurry away, he said and could not wait 70 answer
them. Here is a statement Of the banks condition, a.
made out by the Committee Of DepostorS
Total liabilities including certified checks arorH oo,
lng TO st'2,r5V''''''.' '..'. .. ....... so
BY throwing out the checks balance is OBJ ..-, so,
:ancd
Assets-Bil. receivable -
nitdd S:ates bond, deposited in Albany. 200
Due from the sixth National Banf..'-.-.'''.-'' % o3
Cash and good checks Oh hand.....'-......-- IsV,O
IT,, acct. ................... .s5s 900
Lesying balance in favor Or the bank OF. $500
This was shown To the state superintendent q
Banks, Charles VI. Preston last night. and nc Sai1
that II the banking people could show mm stat mons
81 am more than anxious to see the bank opened IS
soon as possible he said before the mect.n- a.
journed vote OF thanks was passed for Nr. Joid"h
Unless some other hitch arises the LenoN Il-A Bank
will be open early this morning, with enon-h !Ai''
az least To pay all Of tie dcpoSitor'. Il b, more
than likely that there will be run a. the d. posters
are extremely anxious 90 get their money o",' .
Tho sheriff has levied upon the pc.soai i"p..p
Of james a. simmons, al MS hoHe' No. ~ >
seventy second St., and his carila-c ana Two "''
at Gcduey's livery stable, Madison ave ana 80, e.-t
fourth t., under seizure judgment iof 81 -
in favor of Ann c. Clark, against MT S'nihoi'. -,
wife and Latimer T.. Jones, has come u1".i, ION .
orange County, on which the execution }, ig' $500
The Judgment Is one Tor deh,le"'> ST. ' ~, ,,
of second mortgage on tie STOCK iiih al tl'o
Island y. Y. which Mr.. simmons par hi"'d Noi.o
Situated partly in Ncw-York and party in New
Jersey. The New York portion wa I'D under i'.e.
La not been sold While tie amount ot re Jazz,
ment Is nomiuay Sl-,7Si, Nr. HimWon, ,'ai
giving up the NewJersey portion OF me farm
The matter has been under adjustment ON '.l u,'',
on account and was to continue the pay m"ri, w'.
tie bank affair upset his calculations. y cncc" Vhl,t
,ycp1 IN protost on the day on which thc sixth Nto u
Rank suspended and the holder of the lrd-mont, WIZ
had held back the issue of execution co. l' i'r TWO
execution To protect the claim. Mr summons J., az
If To- Latncr T.. Jones the lumber ni,r. h'ut wao
disappeared about Two year, ago Jonc- '.-am'd tle
iaipcG That II he matter is settled "a, a-.cG upon
he will be- the owner OF two third, of the morris e. u
* expected that an injunction viii Zee obtained iy
Mr. simmons restraining The -hcr from further a'''l
on tho execution.
Mr. stevens OF Foster Il stevens. counsel for TO
Judgment creditor. said Yesterday That hr h.N.u
The affair would not hurt Nj. simmons. Dr. had bee!
under adjustment for "A settlement ana "a -i.' h''
been agreed upon much lower than Uir 1921 1uut
execution. but the bank exposure, had upset ID. -,
hoped that Mr. simon, would De able - af"tI-
matters satisfactorily. Mr. steven, has oltiincI
an order from the supreme Court for The cNahutt"l
today OF the officers Of the Commercial National Bans
to learn what scculitc, of Nh simmons the O"i"
holds.
Tho directors Of the Western National Bank. ol
Wednesday afternoon, unanimously passed % VOC '.
confidence in Conrad y. Jordan. the president "t
ha, made To settle up the trouble OF tic LcloN h',
Bank. one of the directors of the western Nai''tl
hank who /, a close friend of Mr.. Jogi'Hr, unl.-'
took Yesterday t. explain Ntliou, questions il 'i'
ncction with the course Whlch MI J'N''
in the directors of the Equitable and LenoX li bank.