New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-07
roI, FRENCH GETS BAIL.
ur co,rRr REDUCES THE SUM TO $4,000.
srrTsoN FURNISHES THE REQUIRED Sc.
Gritty coNTRoLLER LACEY
,,y TELEGRAPH TO THE TRIDuNE.'

Ian Nov G.-COlonel Jonas III. French Is OUT on
IAN stctson being his security. Judge Nelson,
e United states District Court, evidently ala no.
Of INC .ame view of the situation that expressed
~" Attorney Allen last night for he reduced
@ =, rrench's bail this morning from $4,000 10
ooo c, instead Of increasing 1t as Mr. Allen insS'ed
s'", Mr. Aliens reason for wishing TO increase
VS. ount Of The bond was his belief that treneh pro
VIC a RIM away. lie told journal reporter
Fs ~ had learned something yesterday wh'ch con-
ts'' rim that French mcditated flight, and he fel'
W. lu, r,oner securities should be given
,st look At il I" said the DislictAttcrnes' mere
-. saturday was the Maverick National B@lK the
=, hsnk in New-England, with i've dircc'o's-
roau0S,r r.ncb Dana. Work and Wood. The man at
F"''' ,o-rowed 81 100000 on its credit; the man
~ ~ linn $500 90. the third man 100000 Work
nc" " " and Wood was practically dummy i'll
va -, hut negligent of his duty. The first three
INC .. r.,v,linc The capital OF the bank was
h@ $3.50, and they owed it ALL There WIS nothing
a.so.s 1t was all right so long rs business
N IN we'll on that very SATURDAY "heh u'ey
W ,he hank was gone they were receiving money oil
- -. and working people over their counters anu
WV .uo stawsrt policemen at the doors President
80. came 10 the United States DistrictAtorney ana
F''e' 80, everything. lie was very contrite
c,,n., French declared himself lnnooen, Oh any 'r''
0'H" ".on, But he did not know that we knew some
nsi IN -, che hooks and accounts Works position
All
u'iHs .',rNv this That he was "a young man ana
r under the head OF this bank president, whom
oone to serve in all things. While Work was
..ons innocent OF any active personal co"heV"o'
P ,hs deal, still he was cashier, and as such nc
VIZ. hav. known that there were things going On
mus, ,,.,. not proper and not entirely honest oi
n.,h a september the bank reported surplus Oh
=, oooooo. whcve has it gcncs Who took nf ana
81. % Aone with iti Work knows
tn. speaker intinatcd that hasrnoer' tne ue"u On,
.,.o knew "Why. there is an entire Tragedy
smne'' -, ~ Evans which has not come to light
get saN he ,,o-4o-
I'm cannot tell you now but you will hnd out
all about 1t in the near future.
an, Won hsow there are lots of twoname paper ou',
a. .,rnatures upoa which are found 70 oc 'noSo u
.,rr,,e-. clerks and teamster, with those men as
a,,o-s The Cleafn; House and banks 1is' eo' Vh '.
49,, ,ss hroush some of these notes Why 'his o'N VIZ
ar immense business. 1t was the cen'ro Vi sN".
es,cia, interest understand that 1fon i's i0o' ~
~ =" 90 crots hero and there In accommodating OUT
~ ,.rrs an checks or drufts 1t had an income OF
$4,000 alone Now II its business had been in'ai'soU
,.s,v inst see how great II must have been ana now
,.muDearve President Beal will be the receiver Ane
NJ Will 70 down into the suo-oellar.'
con+roIer Lacey arrived in Boston this morning ~
IN oc,ock md took personal supervision OF the IN
v.s,iration OF the affairs of the Maverick BANK DC
fore leaving Washington he reiterated the sVVeine"'
that Examiner MagruSer had not informed him III ''''
,v ~ al any subsequent time that the Maverick was
,nso,vent II Is understood that in January Magru0er
informed the Controller that the directors OF the DahA
we're indorsiug too much paper. There - IL Is Uruc
~ low N nrey.nt this but the Controller admonished
N. bank and later Magrder is said to have reported
.hat he thought the condition of the bank was mprov-
N.gr uder Qai rNnOrtAd
directors were ON too much paper. The same report,
II Is believed also stated that there was an excess OF
oans above the statutory limit The statement wlicn
Controller Lacey has made that he was not informed
In January Of any violation of the law is supposed TO
rover ito report as 10 the excessive Endorsement Dy
The directors That is not technically violation OF law
hut II Is dangerous banking Mr. Lacey maintains that
he WAS advised by the Boston Clearing House Commit
tee not 20 close the bank and that the committee did
not change its decision until Sunday noon prior to the
closing
Mr. Lacey, In an interview, says: "The Maverick
National Bank closed by my orders, upon nforma-
tou from Mr Ever that the bank was insolvent sup
ported by the investigation Of members Of the
Clearing House Committee. The report that six
months ago advised a bank president TO withhold any
rtrt on the Maverick Banl in the hope that the bank
might recover is without founcatlon. There Is not
shadow Of truth in the statement that d1c The banR
alluded 10 as having been In bsd condition three or fou
months ago and which has since pulled through was
no. q Boston bank II was more than Low mhes ron
Boston, As TO reports from Washington that the con-
dltion Of things in Boston is far from satisfactory
have only this to say, that so far know the only
unsatisfactory thing is the failure Oh the MaVoi'oh
Rank As soon as Mr. Beal qualities he will ascertain
tho narties sending checks by mail to the bank are
indebted 10 II in any way and II not they Will GO
back promptly"
The run on the Boston Five Cents Savings Bank Is
On Us last legs The crowds aboht the door OF the
hank were materially diminished this morning and by
noon there were not more than fifty people on the side
walk waiting for admission. These were Almost ell
,.ly torelgners considerable number OF the
.ol.ign element particularly the German Jews was
deferred from further action by the counsel OF haDbi
Raphael Lasker and Representative Isaac Roshosky
vAo went among them and addressing them In the i
eEn language Told them that their money was saie
and pointed out that the withdrawal OF tner uepoi.e
meant the loss Of quarters interest," ,oSer tSat The
bank was perfectly solvent. Savings Bank Commits
ancr Chapn estimates that the ealh has paid out from
he Stsrs ct Inc Maverick Bank are being straight
ened out y fast as possible under the
cevsr Qualities and assumes his duties, and until loans
assets and claims are classified and scheduled. Iheh
certificates can be issued and deposits MADE avalaDt
sS es Sss sn e Tsf 'nf gold and
amounted 10 81 100000, miscellaneous funds TO SioV
900, and exchanges for clearing 100000 or total
q nearly 81 10000 There little money in New
York In the banks account -
District Attorney Allen in his argument on the
French bail bono today, said that he had received
.iste'nent from Examiner Ever that MeSsrs Potter
FrDch and Dana owed the Maverick Bank over
E50000 lie further stated THE examiner SAID
mat among the assets of the bank were found notes
1coed BY the three accused directors, the promlssor
o. which could not be found, and whom he believed
cid rot exist
tanE Examiner Ever this noon deposited with the
ASSISTANT United States Treasurer S211 300, WHICH,
wy the Ss26 900 deposited Wednesday, makes total
u sioo9ssi0 and for which the Assistant Treasurer
W Meip'ed a. for the benefit OF the creditors OF Inc
Asvencs National Bank"
run Is being made D. Filippo's Italian bank IN
vv.asl The bank had some money deposited ID inc
ss'srs Bank. but is perfectly solvent The depoStors
sr all Italians
AN ALABAMA BANK 6USPENDS.
AahvlNe. Ienn. NV CA Florence. Ala, DIS patcl