Huntsville gazette., 1891-11-07

Y
ship-Some Queer Business Transactions
that Appear to Have Had an Unsuitable
| Nav.
| BosToS, Nov 3.-The following is
printed by the Boston News bureau:
The friends of Irving A. Evans de-
| clare that he offered mp his life as q
tribute to friendship. He was worth
$780, 900 one year ago, and gave all this
and more to save his friends. Checks
were lited by him between New York
and Boston and he had enormous arbi-
TRACE transactions in both exchanges to
make clearings between the two cities
and assist the Maverick bank to meet
one draft with another. When this
| strain could no longer be borne. he
overdrew his account at the bank to
make his own clients individually
square, destroyed all evidence impli-
eating any other parties and declining
to return to the city to effect settle
ment upon his own account at the
bank, he put himself out of the world
| to save Mr.. Potter and the bank. His
| dying words to his wife were: Don't
| blame me-"
| When his body was cold, his hand
was found bare of the handsome gold
ring, which he had worn for long
| time, a gift from Mr.. Potter. He had
taken it off the day previous to his
death and throwing it carelessly in his
hand, remarked to his aunt: This
means nothing to me now, for have
no longer apy friends
Upon Mr.. Evans books are five Joint
accounts Joint account No. 2, is what
| Mr. Evans termed to his associates and
| confidential friends 1.-The big account"
| 1t is this account that is 5000, 900 under
water. There is no evidence of one
| living man, we believe, that shows Mr..
Potter was the partner upon this joint
account. 1t has been assumed by the
bookkeeper and Mr.. Evans partners
that this account belonged to Mr..
Evans and Mr.. Potter jointly. but Mr..
Potter's name is not upon the books,
and Mr.. Evans in his last letters ex-
planned it explicitly. TO different per-
sons within year Mr.. Evans has said
that Mr.. Potter had no joint account
| and no transactions with him.
| Mr.. Potter has been paid about $780,
1 OUo do plOhCo VI JoiiU oPCSuldbiOA NAti
| Mr.. Evans, but Mr.. Potter declares
that he has received no checks from
Mr.. Evans for eighteen months, nor
has he, during this time, had any per-
sonal account with Mr.. Evans. All of
Mr.. Evans great speculations during
| that period have, however, been con-
| Quoted in the name of this joint ac-
count, and it is declared by some peo-
pie that the Maverick bank surplus
was in reality the partner on this joint
| account.
1t was understood by Mr.. Evans
| family, previous to his suicide, that Mr..
| Evans was insolvent and that he owed
| the Maverick bank 5000. 900 and had up
| $500, 900 nominal collateral, and it was
settlement with the bank that his
brother had arranged the day before
the fatal act. 1t was represented to
| the bank that the + 'se was only S35,-
| 900 under water aha If the bank would
take the collateral, Mr.. Evans father
and brother would make the amount
| good to the house and liquidate the
| creditors on the basis of 100 cents on
| the dollar. This settlement was exc
cuted few days after Mr.. Evans
! death. and the bank directors voted to
release Evans & Co. from all liability.
| 1t is probab BILE that the directors did
| not know the amount of the liability
they were writing off AS the collater-
ais were worth but little more than
| 500, 900, the loss taken by the bank
upon this account is about $500, 900. but
1 t,a l. ~, .I fl,.c
loss should only have reduced the sur
plus by so per cent
Mr.. Potter says at the time Of the
settlement he was offered a release for
any personal liability he might have
with Evans g. Co., and he declined be-
cause no such liability existed, nor had
Mr.. Evans any account upon which he
was legally or morally responsible
Mr.. Tobey, partner of Evans & Co.,
admits that he never sent statement
to Mr.. Potter of the account upon
which he believes Mr. Potter was liable.
Col, Albert A. Pope said last week
that he had no evidence that Mr.. Pot
ter was responsible for Mr.. Evans sui
eide, but he believed it, and if the evil
dence was good the joint account
would be collected if it took the roof
off Of some institution. Asa p. Potter
was worth $40, 900 few years ago.
Action of the Boston Clearing House
Association.
BosToN, Nov. 3.-At meeting of the
Boston national banks at the clearing
house the following resolutions were
unanimously adopted:
| Resolred, That it is the judgment OF the
| clearing house that all of the banks consti-
tuting the association should at once com
bine to relieve the necessities Of the depos-
itors of the Maverick national bank by max
ing a written agreement among themselves
to advance money to such depostors upon
the security of the assignment of their claims
against said Maverick national bank.
| Resotred, That committee of ten repre-
sentatives of banks be appointed by the
chair who shall have full power to execute
the foregoing, to arrange, on behalf OF the
| association, all terms and debts in the
premises and to call upon the banks of the
| association for such sums Of money as may
be necessary, provided that the banks shall
contribute in the proportion of their aver