Waterbury evening Democrat., 1891-11-03
OFFICERS IN LIMBO
President and Directors of
 the Maverick Arrested.
THE EXCITEMENT AUGMENTED.
President Potter Said to Be Involved tr ">E the Amount of $1,5OO,OO0

sponstolc for the Suicide-BostOn Banks Vote to Make an Assessment to Aid the Maverick.
 Bos TON, Mass, Nov. 3.-Asa P. Pot ter, president Col. J. H. French and Thomas Dana, directors of the Maverick National Bank. were arrested by United States Marshals last night. The former was arrested at his summer residence at Cohassett, and the two direc tors were arrested at their residences in this city.
 It is understood that the warrants charge ombezzlement and the viol ation of the United States banking laws, which forbid loans by National Bank to any single individual amounting to more than 10 per cent. of its capital stock.
 It is understood that the amounts in volved will reach $1, 300, 900 in the case of MT. Potter, $6O0, ,OO0 in that of Mr. French, and $500, 900 in that of MT. Dana.
 The men were brought before United States Commissioner Hallett, who fixed bail in Dana's case at $75, ,0O0, which was furnished. Potter's bail was placed at $150, 900, and Frenchs at $100, 900.
 A rumor was prevalent yester rday that the Boston S Maine Railroad Company had $1O0, 900 on deposit at the Maverick | Bank, which amount was to be used to cover their November dividends. The officers of the railroad company say the amount is $40O, 900, and not the fig ures reported.
 About $5, 900 of the Firemen's Relief 1 Fund was in the bank, as was also the John Boyle O'Reilly Fund, amounting to 17,U00
 Promissors of 8 national bank are allowed by law to borrow only ten per cent. of the capital stock of the institu- tion on the same collateral. In this in stance it is alleged that Asa P Potter owes $1, 300, GOO; Jonas H. French $600- 900, and Thomas Dana, $400 900, a total of S2, 800, 900, although under law only $40, 900 could properly be loaned to any one person.
 The excitement over the failure of the Maverick Bank continues as intense to- day as it was yesterday.
 The friends of Irving A. Evans declare that he offered up his life as tribute to friendship. They say he was worth $500, 900 one year ago and gave all that and more to save his friends Checks were "kited' by him between New York | and Boston and he had enormous arbi- trage trade transactions in both ex- | changes to make clearings between the two cities and assist the Maverick Bank to meet Une draft with another. When l this stra in could no longer bo borne, he overdrew his account at the bank to make his own clients individually square, de = stroyed all evidence duplicating any other parties and, declining to return to the city to effect settlement upon his own account at the bank, he put him self out of the world to save Mr. Potter and the bank.
 It was understood by Mr. Evans l family, previous to bis suicide, that MT. Evans was insolrent, and that he owed the Maverick Bank $500, 900 and had | up $500, GOO nominal collateral, and it was a settlement with the bank that his brother had arranged the day before the fatal act. It was represented to the bank that the house was only $35, 900 under water, and if the bank took the col lateral Mir. Evans father and brother would make the amount good to the house and liquidate the creditors on tn 0 basis of 100 cents on the dollar. This settlement was executed few days after Mir. Evans death, and the bank direct DTS voted to release Evans & Co., from all liability.
 It is probable that the directors did not know the amount of the liability they were writing off. As the collateral is worth but little more than $100 900, the loss taken by the bank on this ac- count is about $500, 000, but if the bank were otherwise good, this loss should only have reached the surplus by 50 per cent.
 MT. Potter says that at the time of the settlement he was offered a release for any personal liability he might have with Evans &5 Co.,, and he declined it be- cause there was no such liability existing, nor had MT. Evans any account upon which he was legally or morally respon- sible
 Mr. Tobey, partner of Evans & Co.,, , admits that he never sent statement to MT. Potter of the account upon which , he believes MT. Potter was liable. Col Albert A. Pope said that he had no evil dence that Mir. Potter was respon sble for MT. Evans suicide, but he believed
 it, and if the evidence was good the joint 2 account would be collected if it took the roof off some institution. Asa P. Potter was worth $75O, 900 a few years ago.
 An Assessment Voted.
 The banking institutions of B oston have voted to assess themselves 3 pe1 cent. of their loans. This will raise about $4, 900, 900 for loan to the Maverick Bank depositors.
 President Potter, of the wrecked bank, has made an assignment of his indi. , | vidual estate to Postmaster Thomas N. Hart and Henry D. Hyde. Postmaster | Hart said it would be impossible to get a detailed statement for some days as MT. Potter is sick at his house.
 Mir. Hart said that at present he did ] not know who the creditors are, nor has he any idea of the extent of AIr. Potters personal assess and liabilities. MT. , | Potter's property at Cohasset stands to his own name and is free from incum- l brances. It is estimated that the prop erty has cost him $l50, 900. l The Commonwealth avenue property stands in the name of Mrs. Potter. II is valuable. Mir. Potter has a large 6 life insurance, the aggregate amount O. which is said to be in the neighborhood of $50J, 900. Col. Jonas H, French is preparing to make an assignment of all his property to Henry D. Hyde and M F. Dickinson, jr.