New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-05

j. 4. John saterlec Co.. the former for
800 COO and the latter for 81 500.
The actual dehciI il slsO os8 90. The Sixth National
Bank holds checks for SIS 900. upon which the LenoA
hl l. liable. and which II valid. will make the deficiency
s235 ,oSG. These OF the checks have referred
to OF which payment will not b. demanded also nave
the that ego 0o0 notrs which had thrown oi
will BE- made good ard that Will increase the assets Just
that amount.
Tile skltng' checks referred to by the Bank Elk
amincr amount 20 s177 900. and bIr. Jordan Is
authority for the statement that they have been can
celled This reduces the dcfct about 80 600 At
half past O'Clock In the afternoon Mr.. Preston and
Mr. Jordan reached the bank and had consultation in
regard the present condition Of affairs Mr. Preston
said that he had no statement to make to-day, ana
That nothing definite would probably be accomplished
before Tomorrow. he also said that II the banks
affairs looked promising by Friday, he would grant
further extension OF time. Mr.. Jordan said, however
that he expected to have the bank running in day
or two. lie also said The deposits, roughly
s2i20oo What the value Of the assets Is cannot
say lust now, but am sure that the deposors VIII
or two, a. l said BEFORE
REFUSING TO CERTIFY CHECKS.
1t has been learned that on Thursday morning, the
day the bank suspended President Wallack went to
Alvin Chadwick, the paying teller and requested him
10 certify batch OF checks. Mr.. Chadwick refused
Although he did not say 20 his superior officer, his
suspicious had been aroused by the fact that $4,000
worth checks, drawn by George II. Pell, agent
had been returned, marked no good from the ST.
Nicholas Bank thc day previous.
Cashier Van Zardt never personally certified a
check during his connection with the bank. lie did,
however on the day Of It's suspension, authorize the
oertlhcst'on OF Philip j. Carrys al 800 check BY the
receiving teller. after consultation with the banks at
t0rncy. Curry VINO has been making efforts 70 nave
the bank officials for several days, said yes
terday that he did not expect To accomplish any thing
IN a day or two. His counsel, John b. Lord, who
brought action for the recovery Of Currys money in
civil court several days ago said that he now pro-
posed TO proceed crimnally against all the officers Of
the bank and it's directors. II they did not pay up
4 1fridr al fbaN
the day when Mr. TrOup retired from the presidency
Of the bank last December. he took Curry n check
Of stock which ' Curry sold With full knowledge Of Mr.
Iroup's retirement. one Of the minor mysteries OF
Of s m a0E shove SsR b sna t on
America owes it sl.7oo, while its president denies
that anything Is due the Lcnox HILL
PELL FINDS BAIL.
George II. Pen and p j. Claasscn were again taken
10 the Federal Building yesterday morning from
Ludlow Street Jail. They remained all the morning
at the private Office Of Marshal Jacobus. Mrs. Pell
and her young son were among Pcps visitors. and
Mrs. Claassen remained all day with her husband
Mrs. PelI has been actively engaged in securing
terday. Pell was released about half past O'Clock
m te e The haynT gwen we're 0 Mrs fs
sspauiding and John McDermott Mrs spaaltlng ,i Is
Of Thomas spauldng. She made affidavit that she
owned house and six acres OF ground at Llewellyn
Park n. j.. She considers 1t worth $50 900. Mr..
McDermott is butcher, doing business at Washing
ton Market lie lives at No. 100 Lexington ave.
and owns the house in which he lives. lie bought
the house twenty years ago for about 10000, and
also owns No. 1o7 Lexington ave. which cost $500.
He is also the owner Of n house and lot valued at
Sl3 800, at No. 531 Second-ave Assistant District
Attorney Rose examined the suretes. Pell was dis.
charged by the Commissioner. His examination VIII
begin In few DAYS
Claassen was less successful. HIS counsel General
Foster at the Federal Building yesterday. Mrs.
Claassen offered TO give good security to the amount
Of $4,000. Other surctes were not obtainable yes
terday for Claassen.
No new warrants were issued yesterday by the
United states authorities Claassen went back 70
Ludlow street Jail last night His examination VIII
begin to-day
WHAT THE CLEARING HOUSE IS LIKELY TO DO.
The GaIlatn National Bank announced late yester
day afternoon that IL would redeem through the
Clearing House checks and drafts the Sixth Ma
tional Many members Of the Clearing House are
willing to admit that the recent expulsion OF the
sixth National from association hasty action
At the time, there is little probability that the
bank will be restored al IL is understood that
President Leland and the board Of directors will
not press an immediate reconsideration of the vote
and the Clearing House cannot admit a bank except
on its formal application. Just before the adjourn
ment on Friday President James, Of the Lincoln Ma
tona Bank proposed resolution that no bank in the
city entitled the privileges Of the Clearing House
unless it member of the association. At the next
meeting when resolution will be taken up, 1t will
undoubtedly be defeated.
Tie membership OF the association may be en-
larged however. By the informal discussion which the
resolution has excited. II would be impossible 70
turn 10 ancient methods I'm making exchanges, and
the work OF the Clearing House banks would be IN
creased vastly IL they could not clear for the
banks and trust companies which not members Of
the association. Applications 10 be admitted are eN
pected from several banks which nave little reason
for remaining outside.