New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-04
poTTER AND DANA GET BAIL.
COLONEL FRENCH IS STILL A PRISONER.
.r,v PRESIDENT OF THE BROKEN MAVERICK
RANK HAS TO FURNISH 100000 TO SECURE
HIS ILBERTY-FURTHER DEVELOP
NENTS IN BOSTON.
rar rEI.EGRArH TO THE TKrBrNE.I

hrs IJBERTY-FUR DEVELOP
MENTs IN BOSTON.
rar rEIEGRArH TO THE TKfBrNE.I
pos.o, Nov. 3.-Thomas Dana, director OF the
...,.sn Maverick Bank, was to-day released on
Vii Of 100000, G.. A. Browning furnishing tne
pNa Late this afternoon Asa p. Potter the
.S;asrt was released on 81 90, 900 bail, e. W. 1.
p ps going On his bond. Colonel Jonas ii.
rrsncb also director, failed to secure ball. ana
I'm a prisoner in his Commonwealth-ave. resi-
80 pnder the surveillance of United States
Deputy Marshal r,h and Dana
--.s the topic Of chief INTEREST on ohe
,,-Ast to-day Public sentiment is not py any
,ocans unanimously against these men, Iheir
,riends are numerous and many who only Kne"
.hsm by reputation express sympathy Tor them
'N ondeavor TO explain away what seems dis
honest and unbusinesslike. An Ex-Governor Oh
~ england State, who has several thousand
,.n.rs on deposit in the Maverick Bank, said
~, he had known Mr.. Potter for twenty years.
w. hod always been treated well at the Maverick,
"a ~ nv adding his quota to q fund he could place
49, hank ON it's feet again, he would gladly do so.
On the other hand, there are many who do not
...;.ote 70 speak freely of the matter and de-
,ca the conduct OF the men who brought
lin N the bank as dishonest and knavish. They
;nsst that If Justice is done these men viii be
,r, hehind prison bars for period of years The
asac, on business is widespread, but it will only
ha temporary large furniture manufacturer
cid today that his business had dropped oil at
once. ~
George F. Baker, president of the First Ma
.;onal Rank of New-York and an intimate friend
A. Asa Potter, remained in Boston until Sunday.
He was in conference with Mr.. Potter at the
par,er House Sunday morning, and his intentions
for the solid relief of the Maverick Bank were
~ tho most liberal nature. He waited over
until Sunday in order that the committee OF the
Boston Clearing House might finish an examlna-
,ion that would enable them TO get at an ap-
oroximate estimate Of the Mavericks loan. MI
Baker stood ready TO advance Mr. Potter ~, ooo,-
600 But the early hours Of Sunday morning had
brought TO Mr. Potter sad story. The commit
tees verdict meant TO the Maverick Bank ruin.
and Mr.. Baker was 50 informed. After expressing
his sympathy for Mr.. Potter, he expressed to him
hope that more favorable view of the situation
might possibly come and left Boston the after
noon train for New-YOrk.
The using of the funds Of the Maverick Bank,
which is alleged AS ENLIGHTENMENT against Messrs.
Potter French and Dana. began it is said, several
years ago, but the most extensive operation III
which they engaged was about three years ago
when they met with enormous losses in wheat
deal The obligations of Mr.. Dana. it is said were
so heavy at that time that he gave notes Of his
firm TO secure the bank, and that practically the
Maverick Bank has furnished the capital since
required for Mr.. Dana. Some Of the speculauons
which Messrs. Potter. French and Dana are
credited with having been interested in were OF
IN extensive nature with alternating large gains and
losses, but in the end the losses largely predom-
mated
The course which the Government will pursue
in proceeding against the directors is to establish
the allegation that Colonel French secured enor-
nous sums of money by discounting notes bearing
the signatures of persons i'll his employ. The
notes were unindorsed and were readily discounted
on the Assumed financial standing of Colonel
French and were never questioned. bankers re
garding the paper good as gold" owing to the
fact that it was in the possession of one of the
Mavericks officials. 1t is not known just how
long this has been going on. but it is thought the
practice has been confined within five years. The
Government will also try to prove that there
has been an open collision of the directors of the
bank to secure loans upon worthless paper The
Government will also investigate the statement
that the bank advanced 100000 to Irving A.
Evans on collateral which is said to have had
nominal value of only $500. 900 and marketable
value of not over 100000.
There have been rumors that there were evil
dences at the Office of Evans IL Co. and at the
Maverick Eank that Irving A. Evans had forged
the name of Asa 7. Potter and others to various
pieces OF paper. William S. Bliss, Mr.. Evanss
surviving partner, says he has no knowledge OF
any such crooked paper, and stoutly asserts his
belief in Mr.. Evarss honesty. Colonel Albert A
Pope, one Of the assignees Of Evans ~ Co., says
1T is ridiculous There was not whittier man
in Boston than Irving A. Evans. No man in Bcs
ton could secure stronger backing IMAM lie.
Men had implicit confidence in his ability and
honesty II he had come back here the morning
he shot himself and tried to form stock COM
pany with 100000 it would have been sub
scribed in six hours. If he had wanted S2,OOO,OOo
! think he could have gotten it without trouble
lie was a square man."
Another man. who had been associated with
Mr. Evans for "a long time as clerk, said: " nave
heard OF these runiors Of forgery, but cannot
trace them to any reliable source. 1t Is safe 10
say that the whole thing is lie. In fact, know
IL is"
Ex-Mayor Hart, an ex-bank president expressed
an opinion to-day that no other banks would De
affected by the failure of the Maverick. and that
with the exception of possible inconvenience to
some business houses, no more trouble would be
experienced When asked as to one OF the savings
banks in Boston, about which there has been some
talk on the Street, Mr. Hart was confident that 1t
vas solid and prepared to meet any demands that
might be made upon it. lie expected, as natural
consequence OF the condition of things,
that there would for several days be
rumOs of trouble in different directions. but they
would be without foundation. The ChicOpee
banks were but little affected by the Mavericks
failure. The First National has always han an
account with the Maverick but this was small
On Saturday BY another singularly lccky chance
she bank forwarded between $4,000 and $780,
V0O By the last mail Saturday night, just too late
70 come into the Mavericks possession before the
failure. The deposit probably received Mon