The sun., 1890-01-31


Capital stock paid ACKNOWLEDGEMENTS. 5000 900 %
Surplus fund ............................. 900 oI
SationSi bank notes 1900 q
Individual deposits 2o2T64s 0s
Total. g 4so 2lo 81
It,appears, then, by the summary, furnished
by the Bank Lxaminer that the total theft from E n
Lenox Hill banks are liable to the extent that
loss OF the Sixth to about t45Q0o0 provided
the @ two State banks meet their OBLIGATIONS;
opnon tR ca@s woSd BE-
full. This was made certain later in the day
BY the guarantee Of Mr.. Leland sent to the
Leland's liability to the stockholders for any
losses is q grave question; 1t was said at the
sidering q suggestion that he take back his
stock and nay into the bank the s65OOO0 which
he rSceysd for 1t i would be @ @20Sssi5e is
cen and his friends in partial satisfaction Of
their liability to the bank, Whether It could
| then be resold by tho bank to Mr.. Leland for
| $650o00 is problematical.
CONDITION OF THE TWO STATE BANKS.
The State Superintendent OF Banks, Charles
n. Preston, had Q conference with some OF the
Were ps M f aSi
the r
s. Bailey. Directors G. 4. derIac6 and s. i.
Meyer. and Cashier A. A, Courier, Mr.; Bailey
was cashier until week ago. whom Claassen
ter. the assistant cashier. became cashier.
Superintendent Preston made only a cursory
protect their own paper. and the superintend-
ent gave them until this m1rnnR 9Eo 6hn to make
R3US nh Is this morppe the bant
will be open for business: Il not, the Superin-
tendent will take charge OF It and complete the
lIeved the money would be. advanced py. the
directors. and that the bank would be able to
1t appears" he added that Claassen;
checks and drew against them, and got certif-
position that the checks were good. They
were protested at the Clearing House. To
bank bank Of Hs about % siSO60o The Balance must III be
mado good by the directors"
Mr.. Preston said he could make no statement
q casual Investigation OF the affairs Of tho
bank. He had found some mortgages and
would not know the condition Of the bank until
to-day. Mr.. Preston didn't speak very hope
fully about the prospects OF resumtng.
THE EQUITABLE BANK.
The Equitable Bank appears to have been
objects Of the schemers They had innocent as
sociates undoubtedly but having used lhe bank
Withdrew last week, from both his executive
office and the Board OF Directors. The first
table Bank I "a was to SiS cersify cheefs to large
amount in order to enable him to pay Mr..
Leland for his stock in the Sixth National;
Si5O,06O last week, with which. to make nomi-
tional which he had caused TO be sold.
:. President Jacob b Tallman said yesterday:
is true that els b9n6 ,O ,oyeESerted cheeks
who are interested in the sixth National Bank.
but It was done with the distinct understand
for payment They were presented in Viola
tion ol that agreement. and now we must pro-
sen US Today has 81 woed
phoned US this noon that the money was on
haven seen Il yet. Vice Prssident Csnda Of
the Western National Bank has been here all
he finished. at 5 O'clock. he expressed himself
as satisfied with our, condition and he agreed
that his bank sh91ld e9ntinde to represent US
they had earlier in the day notified us to the
contrary. gave Mr.. Canda my personal guar
antee to mako good the banks paper to the
extent OF 100000 II necessary"
WHO THEY ARE.
In the opinion Of Cashier Colston, who had
opportunity to make careful observation OF the
methods OF the syndicate. the master-hand In
George H. Pell engineered most OF the financial
features Of their plans. Simmons has an offico
tory as a contractor. 1t is said he has the Har-
lem River contract: % . ard also big contract In
was In charge OF the ONCE yesterday, and he
said Mr.. Simmons had not been there during
the day.
Cleassen has a small inside ONCE on the
ninth floor OF the same building. The letter.
ing upon his offlce door describes him as the
President OF the BIT. Louis, New Orleans and
Ocean Canal Transportation Company, and
also as representing the Empire Gas and Elec-
trio Light Company.
The TRANSPORTATION company is concern
which not long ago was published as fr9udu-
lent by tho New Orleans newspapers 1t fiR-
ured for a time among tho unlisted securities
OF the Stock Exchange, but It at present has
no standing room there. The Empire Gas and
Electric Light Company Is not known on the
street. The Caroline Central Railroad. in
which Claassen Is also Interested. has no
George II, PelI Of Feil. wallack q Co.. who
was arrested last night has a record. Socially.
hs be- clat%s i, ms S91sidsra6le distipctiop as mem
wtte's connections, His buslness career has
pee RRsen eV9SntiHl S a. In August: 1857 be WAS mem
brokers; The concern failed. with liabili-
panies G were the principal creditors, and there
failure. Poll was arrested on complaint OF W.
=. Stokes Co., who charged that he had made
false representations to them regarding the
value OF some last and West Alabama Rail-
Ia uThfn he haA sl,n -.