Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-27
F. AND M. BANK AFFAIRS.
BILL OF EXCEPTIONS FILED AGAINST
THE ASSIGNEES.

Many Large Items That Are Alleged Il
HIVE Been Left Oai of the Second
Account Filed-A New Statement !.
Now Demanded.
Attorneys j. S. and E. G. Ferguson yes
terday filed exceptions to the second account
of the assignees of the Farmers and Me.
chanics' Bank, of the Southside. The ex.
ceptions were on the p art of H. c. Gearing,
A. WeinmaD, George Levy. Dennis Doran,
Philip Baumgart, John Rudolph, William
Westhof, C. Westhoff. Mary Weing. Mary
Ferell. G. A. Sexauer, Henry Sheppard,
John Riebeck, John Fox and j. N. Jarrett,
creditors of the bank. A number of items
in the account were excepted to and omis-
sions alleged.
The assignees, it was stated, admitted
that they had received three dividends from
the Fidelity National Bank of Cincinnati,
O., but they have not charged themselves
with the first dividend, S257 9S The as
signees; it was also claimed, received from
81. F. Voight, as part of the assets of the
bank, promissorv notes made by William
Roseburgh for Sc, 200, long since due and
collectable. but the assignees have not
charged themselves with it, and the amount
should be charged to them with interest 1t
was further stated that the assignees held
notes of F. Nicholas. part of the assets,
amounting to $2,075, secured by a good
mortgage. They assigned the mortgage to
Charles Bossert, and ought to have re-
ceived the full amount. They have only
accounted for 81, 600, and it is asked that
they be surcharsed with the balance, $475,
with interest They also did not account
for the mortgage of Ignatz Sauer for 1867,
which was among the assets coming into
their hands, nor for the interest received by
them on the mortgage of Fred Briggs,
amounting to about $40. There was no
accounting OF the price obtained for the in
ventoried real estate of the bank in full.
An inspection of the accounts shows that
they received at least 81 sol more than they
accounted for.
They also have not charged themselves
with at least S12, 931 81 collected and re-
ceived by them from bills receivable and |
inventories as good. An inspection of the |
accounts will show, it is alleged, that out I
of the inventoried amount, S62,055 10,
they return as still on hand |
S35, 200 %. leaving as collected the sum of |
S26, S54 50 and interest, and of this amount |
they only account for S13, ,270 SO. They did |
not fully account for all interest received by |
them on the assets in their hands,. They |
also have not accounted for the proceeds of |
real estate sold by them to William Wig |
man, being part of the Voight Ward & Co. |
real estate acquired by the assignees. The
amount of Wigman's bid was S., 200, but he |
purchased for J. H. Sorg. one OF the assig- |
nee's, and the sale was so made after the as |
signees had been offered S11 900 for the prop |
erty. The exceptants claim that the assig- |
nees should account on this item for 81, 900. |
Objections were made to the payments of |
S75 to c. W. Hubbell and 500 to J. A. Nc |
Kee for copying accounts, as not proper /
items of credit. 1t was further claimed that |
the accountants have not accounted for all |
the assets of the bank coming into their |
hands and converted into cash by them; nor
have they charged themselves with cash |
realized by them out of the assets of Voight,
Ward & Co.
In conclusion it was asserted that the &C
counts are not so stated as to be readily in
telligible and the exceptants insisted that |
q statement should be made in the nature of |
a cash account, showing the cash received
and from whom and when, and the cash ex-
pended.