The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-04
GOTHANS CLOSED BANKS.
THE SIXTH NATIONAL AUTHOR
lied TO RESUME.

Mr.. Leland Reelected to its Presi-
dency and Pays in S28o,oOo-Ihe
state Authorities Prevent Resump-
ton at the Equitable, Though it is
| Ready 20 do SO.
! NEW York. Feb. As early rs 10
o'clock this morning there were at least 200
angry depostlrs of the Lenox Hill Bank
around that structure. The fact that the
bank statement of the bank examiner was
not forthcoming as promised caused add
tional discomfort. Many of the deDositors
formed themselves into groups and har-
augUed each other on the situation. The
all around inclination seemed to be that the
depositors must act In a short time three
distinct factions called as many special
meetings, but after while it
was thought better to hold
but one meeting, which was soon in session.
The deposit0rs to-day were not at all as
good humOret as they had been on the pre-
cediDg days, as their hopes had descended
to despair
Broker Pell left Ludlow street Jail at 10
O'Clock for the United States building, to
await the result of the hunt of his friends
FOR ball, or motion to have it reduced.
THE EQUITABLE NOT OPENED.
1t was expected that the Equitable Bank
would he opened this morning, but there
was hitch in the proceedings At an early
hour the cashier of the bank and the clerks
were on the sidewalk, as we'll as a number
Of depOsitors with their bank books ard
checks. Examiner Trenholm stood behind
the iron gate and refused admittance 10
everybody. The cashier of the
Western National Bank drove up to the
Equitable and stood for some time talking
with Mr.. Trenholm, but MIR. Trenholm told
him that he NIr. Trenholm was acting
under the orders Of the attorney general of
the state and could not let anybody into the
bank without a written order.
MAN WITH MONEY KEPT OUT.
At about / o'clock President Jordan of
the Western National Bank came to the
bank with large satchel. which contained
cash to pay off the depositors, but he was
refused admittance by Mr.. Trenholm He
tried to convince the latter that his object
was to furnish the necessary money to pay
the depositors and put the bank on its feet
again, but failed to get in, and went away
in anything but an amiahle frame of mind
Shortly afterward Jacob Tallmann, pres
ident of the Equitable, and $. r. Meyer
walked up to the door of the bank and pro
tested against the action Of MIR. Trenholm.
Mr.. Meyer said that the state authorities
were exceeding their authority in the whole
matter. He declared that they were trying
to hinder the stockholders from OMEN
ing the bank, and that they were
too anxious TO have receiver
appointed ana give some politician posi-
ton. He alleged thar he and Mr.. Talman
were ready to pnt up the money to pay off
the depo,itors on Friday last at l0:45
o'clock, as they had agreed, but said that
Mr.. Trenholm had refu ed to allow it, On
being asked as to the last statement, Mr..
trenholm said that il was false.
CONDITION OF THE BANK.
In an interview Mr.. Jordan said the posi-
tion of affairs at the Equitable bank was
now excellent. The cancellation Of $780,
600 i'll certified checks whica had been
given in payment of the missing bonds and
the payment of its over-drafts had reduced
the liabilities of the bank to $3l 200,
of which $4,000 is held bv the
directors and their friends, leaving $l50,0OO
due to depositors. To pay this amourt
there is $l50000 assets The bank was
amply able to continue It's business if it
should be permitted by the state authorities
TO do so, and Mr.. Jordan believed that the
necessary consent would be obtained to-day,
and the bank be open for business tomorrow
morning.
The Sixth National Bank to-day elected
new board of directors and restored Mr..
Leland to the presidency. MIR. Leland paid
into the bank $3.50, 900, and it has been au-
thorized to resume business.
Bank-wreckers Claassen and Pell spent
most of the day in the office of the United
States marshal, waiting for bail They
were visited by several friends and their
counsel but did not secure bail. In the af-
ternoon they were returned to jail