The evening world., 1890-02-07
The Lenox Hin' Bank
Resumed Business
This Afternoon.
SEVERAL CHECKS GGSHED.
President Jordan Says the Bank
VIII Be Solvent by Monday.

Shortly after 2 o'clock this afternoon
the doors of the Lenox Hill Bank were
opened.
Bank Supt. Preston arrived with $780,
600, and this with oil the books was
turned over to President Jordan.
Within q few minutes several checks
hal been paid, none of which were over
$500. and deposits received amounting to
nearly 81, zoo.
President Jordan made a statement
saving that a temporary Board of Die
rectors had been elected, and tomorrow
the banks assets would be examined,
and there was no doubt but what the
bank would be declared solvent by Mon
day.
He said that the designations of Presi-
dent Wallack and other Directors had
been accepted. but the resignation of
Cashier Van Zandt had not yet bsen
acted upon.
His trusteeship. he snid, would close
J this week. at which time his agreement
with depositors would end. and they
could withdraw their none If they
desired. .
There was no sign of life inside the
Lenox Fill Bank at 10 o'clock this morn
ing. The small group of depositors who
had gathered at the corner of Seventy
third street and Third avenue were dis
cussing the situation gloomily, and had
shout made up their minds that another
inevitable delay would be announced,
when Examiner William II. Mellins.
Examiner Coyell's associate in the in
vestigation Of the banks affairs, hove in
sight with q notice printed ON a big sheet
OF brown paper.
As he nailed it mp on the storm-door
the crowd pressed eagerly about ain.
II was as follows;
To ne DsposNors or the Lenor mn Bank:
Your Affairs are in such shape that the
bank will probably be opened TO-DAY,
Chief State Bank Examiner.
ENTHUSIASTIC DRPosIToRs,
The announcement was received with
great enthusiasm. and after congratulat-
ing themselves that everything was COM
ing ont all right the crowd separated.
Newcomers read the notice and fastened
over to Real Estate Agent Anderson's
office, which il the headquarters for In.
formation to find out more about the good
news.
Examiner Mellins WAS there to answer
questions, but he could not give much
information.
- am expecting Mr.. Coyell uptown
every minute, " he said. ''All l know 10
that he sent up word 10 put out the notice
Nuhtah .,A., ne aAI aaf1 chat hA had "a
ceiyed this morning SS98. 900 of cancelled
liabilities of the Lemon Hill Bank.
As the deficit was only $751;. 600 &C
cording to Mr.. CoVell's estimate, this
cancellation completely wipes out that
item, and leaves Sll7. 600 with which g
depositors. The capital stock Is 300, 600"
BY whom were these cancelled eyi;
denees Of debt transferred to MIR. CoVellE"
Dos'T WANT A REoEIyER.
THAT / do not know, but ] suppose
Mr.Jordau did il. They are all downtown
now, ready TO oppose any motion mat
may be made for the appointment OF .
receiver"
Has Supt. Preston given his consent
that the bank shall be opened?"
~ don't know that. but l suppose ne
will il he is satisfied that the bank Is SOL
Vent, which Il will DO II these 1895, 600 In
liabilities are e~Iiinguished:"
what was the nature OF the nAplLhies
cancelled, were they the certified checks
That have been spoken Off"
cannot answer that question. Is
sufficient for the ~hepositors TO know that
The liabilities have been reduced to that
extent We II go into every
particular OF the transaction"
wHo CAV UP II MONEY,
II was impossible to ascertain this
morning who had advanced money TO
AXE mp those tad checks and other la
'a4ities that have been cancelled. IL was
IGNORED that an additional sum OF S25, 600
"a cash would no required before the
,ank could be opened, but as Mr. 7
~ not INT IN an appearance up to ll.5O
~cloek 10 one could tell Just what was
gong to be doue.
4aere vas e crowd all the forenoon IN
az; 2pieTson'S Vfios. waiting the arrival
y 'tf. COEell, or souls one who could
sp-a- Ni.a authority.
s-NNcNs Is Rot YATEE-
lbe examination of the officers Of the
toErls .cisl National bank 10 reveal what
securities belonging to James A. Sim
fons tho bauG hollis was called before
sul@e Patterson IN the Supreme Court
tils tuCrnIpg.
ms case against simmons grows out
\ a claim Of AnnE q. CLARK. who holds q
3Iusucnt against simmons. his vile. and
i-eimer Jones for S1S, Tsl. ~siminonss
hasome residence On Seventy second
snse9 aud ms carriage and two horseS are
IN ths hsadE Of the sheriff. TIE
'' i t"r a deheisncy Ia thu fore