The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-11-06
xoxrr nv 1nr .xAvrsrcxs NAILS.
Nearly ss,eee,eeo In ths Bs.k's vssits-A
Guestlon Of OwnershlP.

NeDFiy WHt08~yD0v n 80 DS18H
Question or Ownership.
| BosroN. Nov 5.-There is now about e2.750.-
600 OF cash In the vaults Of the Maverick Bank.
When it's doors we're closed by orders from
Washington II had S1.500.OO0. but SO extern
siye was its business that 100000 more was
brought In by Mondays mail in the form OF
cash collections. checks, &c. Tuesday and
Wednesday saw large accessions to tho funds.
and to-day mail added to the amount 1t Is
believed that ut least $1.250.00O must have
como In since the bank closed last Saturday.
These cash receipts Bank Examiner Ever mas
not applied to the accounts OF the bank. as ne
doubted the legality Of such proceeding The
Boston banks have on ordinary occasions about
$4,000, 900 in money. and the withdrawal OF
nearly one-f fourth OF this sum by the suspen-
sion Of the Maverick Bank is serious matter.
The situation. however. has been assisted BY
the influx OF several millions from outside In
authorization OF the closing OF the Maverick as
well as TO meet the November payments 10 the
Il is an open question. whether the recent
collections Of the Maverick should be returned
to the deposit2rs or become part OF the ASSETS
upon orders from Washington, It is printed
fUnr are nSt sssh wS ban pale.
The bank II only collection agent until y re-
esyes the cash and
turned to depositors. Mr.. Ever. under orders
from Washington. made YESTERDAY . h!s fHr
saturday Tor Monday 8 c!earine were. It e said,
SSssed into than 70
Ever. The Boston bank Prseidents' examina;;
s s ShfS H. Mss seSse aoS
copies Of Bank Examiner MasradsTs report.
but this report did not show the character Of
the loan account. That has been fully shown
In T sss to rse
then knew Of the many notes. with directors'
endorsement. and he knew nothing more. ex-
ordered the bank closed last sunday. These
directors endorsements, were not upon the
patsn put 3, tSc ban sa HE
dents. however. not having the Comptroler's
n NTH 15o me NJ
learned whose clerk and whose bookkeepeTF
ard whose sv the s%e 5,ses
Within sixty days small drafts tothe amonnt
Il Bank to rsS peo sess pssase
a Sss she BanE & frenna Pubn xn1ssyi:
Maverick Bank in both Irish banks is largely
in Se Mhs Saons not
sign the agreement Of the Boston banks to
SssH a ds th5s cent e thar Sans
There is diversity Of opinion among bankers
as to the practical working oithe plan.
The firm Of Thomas Dana h Co., wholesale
grocers dissolved yesterday owing TO the
Maverick complications The younger mem
bers hone to continue the business, backed ~
outside capital 1t is said that OF the $4OO.QOO
of Dans CO dnn se
rest was received by the company. which will
Thomas P. Beal yesterday afternoon received
q letter from Comptroller Lacey. dated Nov 4:
saying that he had appointed him receiver OF
the Maverick. The commission has not yet
John Stetson agreed to become Col French,s
bondsman. provided he was amply secured.
After being engaged all day in efforts to COM
ply with Mr.. Stetson's requirements. the neces;
sary securities were obtained about $3.50
O'clock. and the party at once proceeded to
Commissioner Hallett's office.
As the law required that the District Attorney
or his representative had to be present when
to District Attorney Aliens office, to request
his attendance. It was found that he had
left for. his home In Lynn. Assistant
District Attorney Wyman: who was IN r., charge.
to take ne further action n9. in THE the init
the Commissioner to DO excert to order
Mr.. French's commitment to Jail, which was
accordingly done. In CUSTODY Of Deputy Mar
shal Gallnpe. Mr.; French was driven tothe
ShsF a s dfb
the carriage Mr.. French said that he consider
ed the District Attorneys action as unjust.