New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-04
made his final statement Of the banks afrairs last

unimpaired sRd asked for instructions. receiver oio
The capital stock being now unmpaired, you will
be authorized TO deliver possession as soon as new
House Committee are lawfully elected and qualified;
The majority Of stock shonld be IN saIe hanuS anu
Later / wired him the names of the new board OF
directors, and certified thst tey Te, receIyeS Tie
Upon your assurance that the new board of direc-
tors have been duly elected and qualhed, ana tle
other requirements contained in telegram of this date
have been complied With 9S ARE Meona RaSh e
new board of directors and allow 1t to open for
business A., No., -. ,>,.o.ou.
in the morning and it viii be open for business at
the usual hour The total amount due depositors IS
800 900 in cash, S9s3s35 in giltedged bonds which
can be converted into cash at once, nearly 100000
raceyaSe and Other assets 1t is amply able to meet
all demands at once. Mr. Leland restores. the bank
to its original condition financially hence IL Is strong
and perfectly safe-safe beyond question. -, :,
trust that depositors will not withdraw tnelf oe
posts or change their accounts. Inc Hoard 90, o,
Directors comprises men Of frstclass reputation ana
ability, and IL guarantee OF conservative ana sou
cessful management The patrons OF tne pahh coui"
not be in better hands.
TALK WITH JAMES A. SIMMONS.
James A. Simmons who it was supposed by
many had been out of town or in hiding since
the beginning of the Sixth National Bank trouble,
was seen at his home by Tribune reporter last
evening. Mr.. Simmons said that he had hou
been away from the city, but had been al DIS
office, among his friends in Wall Street anu aV
the banks every day since his repoIteu uis
appearance, and that he had noV ma maui hssn TOO
busilv engaged in righting the AFFAIRS Oh Vhe
embarrassed banks. He had frequently passeu
through groups of reporters waltlng at ms o, n
TO see him. without being recognized pelhg pei
sonaly unknown to them. he laughed at tne
stories which the newspapers have peeh PuU iIo
ing about him. and said that he woulG soon Hahe
sl,o4 CQt of
regarding his good faith. He knew notnlhg OIL
Mr.. Wallack, whom he said he had not seen
since before the bank trouble.
MR.. JORDAN AND HIS MONEY NOT RECEIVED
Conrad n Jordan, president of the western
National Bank, was driven up to the EqulUao~
Bank in West Twenty-eighth-st. yesterday MORN
ing lust about the hour when the bank USED 10 nc
omen for business In his hand he carlleu
valise which held $4,000 in money, subscriber
to put the Equitable Bank on its feet again. re
heated rapping on the window brought Examiner
William Trenholm, who has been in charge OF the
bank under the State Superintendent of Banks
since last Thursday night. Mr. jordan told MN
that he had brought the money necessary to set
the institution going again, and asked to be per-
mitted to enter and take charge of it. MI Iren-
holm denied him admission and refused 10 let MN
come inside of the bank until he presen'e9 an
order from the AttOrney-General or Ihe oa~
SUPERINTENDENT of Banks. -,
charge of the valise until he returned from uoWn-
town. The examiner would not 90 TINS eIULeI.
Mr. Jordan seemed to take this as nnal. lie was
driven downtown. While the argument between
Mr. Jordan and the bank examiner was gong on
Siegmund I. Meyers and Jacob Ialmah, pIesiueiU
of the hank were holding a consultation on lhe
sidewalk at Fifth-ave and Twenty-eighth-St lney
were exceedingly indignant with the course Wnlcu
Mr. Trenholm had taken IN refusing 70 1s anow
the bank TO be opened Tor business
mill the Attorney General had authorized IL.
They accused him of being anxious TO nave
receiver appointed, that there would De
NAMED firm. however They had not been gone
long from the bank when Mr.. Jordan returned
and again tried to induce the examiner to open
the doors 10 him. While they were taking
EVaminer Cabill Joined them. The latter and
Mr.. Jordan stepped TO one side for few minutes.
Mr.. Jordan seemed to be much excited. What was
said between the two could not be learned, Dut
they had been together only short time when
Mr. Cahill shook his fipGer at Mr.. Jordan and
exclaimed "Tl bring an action against you
Mr. Jordan stepped INTO ms GarrSge anu 10 VIII tc
what was said which caused him to make tins
threat against Mr.. Jordan. Mr.. Meyer SAID that
every effort was being made 70 place the oanK
in a sound condition, and TO keep it out of the
hands of q receiver.
WORKING FOR THE LENoX HILL.
A meeting of the depositors of the Lenox Hill
Bank, at which DR.. Otto A. Moses presided, was
held at Lenox Hall last evening, which was
really an adjourned session Of the meeting held
there at noon The special committee appointed
on that occasion reported to the evening meeting
that they had asked Examiner Covell for com
plete list of depositors, which he promised they
should have The committee asked Conrad \.
Jordan, president of the Western National Bank,
IL he would attend the meeting and act
as the trustee for the deposltors Inc
depostors were asked to sign paper which set
forth that their interests as depositors would be
best served by their retaining control OF the
bank that the appointment OF receiver was
not desired. Time sufficient TO enable them 10 as
certain the character and amount of the assets
of the bank was asked for Mr.. Jordan then adj
dressed the depositors, saying that the appoint
ment of trustee would be quicker ard cheaper
way of getting their Just dues than the appoint
ment of a receiver. He continued Il know
nothing about the assets but whatever there Is
you shall have. ! will say for the president OF
banking always leads to trouble. If you appoint
me as your trustee, you can get certificate to-
for your deposits Mifhin Tb
Is between leap in the dark and movement
planned by knowledge"
Mr.. jordan was elected trustee OF the de-
positors He declined the office unless certlhcateS
were signed by the depositors giving him power
TO do as he liked with their deposits. Other
wise, be said their selection of him as trustee
"was not worth cent He said that he be-
Neyed his task would be much lighter than he
had expected from the encouraging character or
the figures regarding the assets handed him by
The head bookkeeper of the bank III was re-
solved that the depositors meet at the bank be-
tween and 0 o'clock this morning 10 sign inc
certificates requested by Mr. Jordan. lie sala
after the meeting that the figures roughly stated,
were Assets. S2O3, 900; liabilities, Sl56,OOO.
MR. JORDAN GETS THE NEEDED PERMISSION
Mr.. Jordan went from the meeting Of the Lenox
Hin depositors to the Fifth Avenue Hotel, where
be expected to meet Bank Superintendent Preston
and Judge Maynard, and lay before them the re-
suit of the meeting, and also to obtain the consent
of the Bank Superintendent to open the Equl'-
able Bank for business this morning. Mr. jordan
said that the bank would be open between D ana
fled checks which caused the banks suspension
had been met and the Bank Superintendent was
satisfied as TO the sOlvency of the institution.
Mr. Preston did not reach the hOlel until nearly