New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-01

or depostine customers with TO ourselves and with
| convenience to them.
then stated to the cashier that before would sell
auy OF these securities would to consult with the
directors As well with the gentlemen who owned az
least so per Of the controlling stock purchaseu anu
aid so consult them They also. fully concurred in the
pan and was requested to entruS the sale OF th'se
bands by these gentlemen Mcssrs. Peh. Wallack
Co. who received hcrcupon. $500 600. par value OF
bonds. be sold foI which they gave 'heir r
to the bank which duly turned over to the CASHIER
Subsequently, POI OF bonds were returned S'VVUo
in cash was paid and for the balance Mes'rS' leu'
walack e. Co. gave checks mostly certified to the bank
on last Tuesday January %. But the Bank Examiner
as well as the Clearing House Committee dcch'u 10 a'0
these checks payment. About 100000 OF these cnc'N
were certified by the banks upon which they were
drawn.
1t subsequently developed had they been sent to
the Clearing House in the usual course ana oruer Oh
business they would have been paid.
1t Will. therefore really appear tha' h'u no
nrocoeds from these bonds / did not account Tor
and the checks far not covered by Messrs' r''
vauack CO. are stu to the Sixth National Bank
II WILL therefore, also be seen that the O@'AS SS''
were no, used to purchase the stock.
further desire to say that am not director nor
yicepresent Of the Equitable Bank, OF THIS city, nor am
l such In the Lcnox HIl Bank
(Signed) Z. J. CLAASSEN,
President Sixth National Bank
Charles II. Leland supplemented his assertion
that the depostors Of tie bank Will he pald III
full with long statement which he sent OUT
Yesterday afternoon giving his reasons for making
the sale of his stock in the bank, and teihng why
he turned the institution over to the hands oil
Claassen and his associates. He SAID
with reference to the price received $500 that price
or in IL helcnOo'"o''' ms ~ 49,, o.. r., .,,t ~.
value Tor 'hf'e or I'u' ',"' , ,,,,.. ~ am average,
~ RS rcr cent which would give per cent return "l'
valuation Tor the stock OF 600 and lis ftp" de'ormht
superior l"-"U'.' ~, r, a., ,os..ion IL. ,ail.
"".| D a. , s.o,dlv Increasing and was estimate
& I.,,.,,. ~, .,,n hl,b character ar, selling o..
'''-' a., , nor c,., which would have .!,tu
Guy Oh "'.'' va 49,. .f,.l, >-,t.o,,l 1!.,.. a.
S'''.'- ,,. ..t - h,., t1.. ta-.- OLA which
''0 ''- " ... ,.,., ,,,,.a.l.I tp r.fcr.
Lave Always '''D'" ', 800, -, ,,. ~ nm. ,,l.1d.
'''.D ~ -~ '" 1900, ,-.,..,.l r,oL d. worth say
Inc S''0" 20 ''' -. .-...t,.,, 81. ,,.,
700 on - 'o''N' NJ, .,r, ZOO f,r wound lot, g.
'hf,e o. !." "" ~" 49, can, ,,,,,t
'' Ior '','i'- ' , ,.noo win reference 10 salo
-"' ..,.o ,,' hast ,l.r... wears and that 1 have
Of my STOCK "'''." INV E . ,,l, NH Lc ral.,
"I"'ys So .,. a Var or wear and a half alo
'''"','1- -, .t..,.r ~ ,i,. Manhattan Bank mad.
w. % loo., To- IL, purchase. NJ ideas
il. ,aiuc were stated TO him. pcrlap, DO, cNa.ty but
,,,,n.t,'ly fha ,,c 10 may have been coo instead Of
AZ. do mo-. quit. remember, Again o4lt. recently /
..gd ,,. .,u,. ,ric, q, Mr. AuDhnc.o-o uiolqn Mr..
IT,, 60, Ar W W ,rsd,r OF the Madison square
n"E eI ipor,d Of me reraring its purchase. TO hn
I communicated the same c, irste OF H., value. also
received communications from cashier OF the Chase
xtioal Rank and tho p-l.e named 20 vic same
I'm short ON every occasion when approached ty Iaftc-
who thought were r,sly iu earnest o." price asked bF
me WAS 900 or $50, varying with what seemed Go Doe '
..s il, tLe ,rcsent and near future the rate, a.
interest
,,,. tr,o.i,ip 70 s was unys-viuc: 70 was merely
. ,...t,r io r.y mind - value bYt Lhe iGna a.
i. ,... ,,.,.,.d relief from r.-u.u-. lug. ui.
...' ,.., ....,.., Al. I chose. .l .l.,t. t.l.
'' ,, o.. ....... o.. f..rtv.t.. Was 4 have been
''s D, .,- t.. ...,.. ,....t ,a..rft ..
an i .,, and t....,t. l.....l. ...a. t..t
' -t -...,.. r,,t t..t .f,... lu..u- What v,-
. OIL. t.,.,.-t ., all l.,,.t.lu .I....us
~ '-~ ~