The evening world., 1890-02-12
Mr.. JORDAN NOT READY YET.
His Long Promised Bank State
ment Deferred Once More.

President Jordan was on hand at II
o'clock this morning to go on with his
testimony in the Claassen examination
before Commissioner Shields. E.
Bank Examiner Hepburn, Cashier Col
son. Claassen and his counsel. Gen. B. B.
Foster, and Lawyer Wetmore, who is
looking after Mr.. Leland's interests, were
also present.
Mr.. Jordan stated that be had beer too
busy to complete the tabulated statement
Of his account with tho Sixth National
Bank, and could only give q fragmentary
statement.
On this District Attorney Mitch ell
postponed till next Friday, the latter
promising to have the statement ready on
that day.
This was agreed to by Gen. Foster.
who seemed to he rather put out by the
continued delays in getting at the
promised statement.
Cashier tolson was then recalled and
asked to furnish information in regard to
the discrepancy in the date of the note of
j.. Il. Satterlee 4 Co. for the loan of
$50; 100, which appeared 10 he Jan. 27,
while the Pell. Wal ack 4 Co. and Sim
mons notes. which were given at the same
time. were dated Jan. 20.
MIR. Coison explained this by saying
that ho thought the date had been altered
or there had been some mistake in writing
it down, he did not know which. lit
had been altered he could not tell the
reason.
Ho a'so said that Pell, Walln"k Il Co
had no account with the sixth ational.
and in regard to a special bond account
OF $50, 900 to which Gen. Foster called
the witness's attention. he said that it was
opened at h request of Mr.. Claassen.
who brought the $50, 900 to the bank. hut
did not say what bonds were represented
by this credit.
United States Bank Examiner Hepburn,
who ordered tine closing Of the Sixth
National. was then called to the stand.
Gen. Foster began his cross-examina-
ton OF Examiner Hepburn by asking II
he knew the market value of Equitable
Bank stock on Jan. %.
II don't think il had any real market
value. TIL bank was held IN distrust by
all conservative business men. and the
general rules of conser yative bankers
would have forbidden taking the stock as
security fora loan"
Mr.. Hepburn also stated that the credit
OF the men in charge OF the bank was very
How about the Lenox Hill Bank
stock 2"
1t was worthless. considering the con-
dition of the bank at the time"
Do you think any bank IN this city.
no matter how sound it night be, could
resist the combined attacks of n Clearing
House committee and a Bank Examiner I"
asked Lawyer Foster.
MIR. Hepburn conld not answer this
question, but afterwards said that no irrep-
injury was done by closing the
bank. IL the stolen bonds had been re-
turned the next morning he said 1t would
have been Just as easy TO open It,.
III the S42l 900 bonds had been re-
turned would the bank have been sol
vent 7"
Undoubtedly. The bank YVES only
closed on the ground Of insolvency"
Mr.. Hepburn gave 1t as his opinion that
the loss OF the Eonds mentioned had
greatly impaired the value of the stock OF
the Sixth National Bank. The market
value before their removal was $3.50 on
the books of The | ank. 1t was now worth
about $50 q share. The examination was
then adjourned till Friday.
The close relations of the Western
National Bank with the a of wTeckers.
who tried 10 loot the Sixth National and
its dependent State banks, do not seem to
be regarded with sat sfaction by its took
holders. as il shown by the large amour:
OF Western National stock that is being
thIOS n upon the market.
Wall street has Just walked mp to the
fact that within iour days about one-seyY
enth of the capital stock of this bank has
changed hands. and although the price
has been Legged up several points By
President Conrad N. JoTdan's unwilling
ness 10 lend any of the stock. IL in not be-
lisved that the advance IN quotations has
been sufficient TO Gauss such a general
unloading.
District. Attorney Fellows is waiting to
get his clutches upon the Wreckers as soon
a the Unitst States authorities get
through with them, Tor complaints have
,lFeAdy been made 10 him by q number OF
he LenoX Hill depositors. who are
TO see the whole gang eoTralled
given q taste of the law.
The conference between MIR. Mitchell
md Assistant District Attorney Lindsay, J
Of Col. FelloWs's ONCE, gave rise to-day TO
he Tumors hat new arrests may be made
It any time. (