Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1891-11-04
CONCERNING BAIL.
The Maverick Bank Directors Taken Into
Court Yesterday.

BOsroN, Nov. i.-There WAS largo
crowd Of reporters and Others Interested In
the fate of the Maverick bank officials In
front of United States Commissioner Hal
let's office yesterday. The announcement
was made by the commissioner that there
would be n private conference between
court aud counsel before any hearing
would take place, aud that nothing would
be given to the press except such rs might
be decided upon as proper for the public TO
know.
1t is understood that the conference was
a fight over the amount Of bonds to DO re-
Quired the district attorney insisting upon
900 600 for each Of the accused while their
counsel asked that only $40, 600 each should
be required
For more than an hour an animated dis
cussion ensued as 10 the amount Of bonds
TO be require Mr. Allea quoted from
the authorities precedeuts justifying the
imposing of the sum he ssked for. insist
Ing that in n case Of such magnitude
Heavy Bond. should lie Insisted Upon.
Henry ID Hyde, for the accused claimed
that the amount asked was eyorbitDot,
and not justified by anything that had 80
Tar appeared rejecting on the good name
OF hs clients. There need be no apprehen.
sion that they would do anything u avoid
a full investigation Of the case in the
courts IA il was absurd to suppose that
men holding the position they do would
attempt TO escape even though they were
released oni their own recognizsnce.
Thomas Dana was arraigned, pleaded
not guilty and was placed under SIS, 900
bonds for his appearance on Nov. z.
In the case against tho directors Of the
bank the government will attempt to o..
tab!lsh the allegation that Colonel French
secured enormous sums OF money by dis
counting notes bearing signatures Of per-
sons In his employ.
The Notes Were Unindorsed
and were readily discounted by the bank
on the assumed financial reliability Of
Colonel French, and were never questioned.
bankers regarding the papers as good a.
gold," owing to tho fact that II was issued
or in the possession Of one OF the Maver-
ick's officials 1t Is not known just how
long this has been going on, but it IL
thought the practice has been confined
within five years.
The government will also try to prove
that there has been an open collusion 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 collaterals which IL said TO have
had numerical value Of but 500, 600 and
marketable value Of not over $l00, 900.
who is to Biamsa
What was the character OF the reports
made in regard To the condition OF tho
Maverick bank to the comptroller OF the
currency by the bank examiner This
| question has been asked again and again
since the bank suspended, and diverse
answers have been furnished.
One report was that the examiner had
notified the comptroller some time back
that he was not satisfied with the method
Of conducting the business Of the Nav
erick bank. According TO this story tho
comptroller assumed the responsibility of
accepting the report, even though the
examiner had given him to understand
that the bank was in shaky condition.
Several prominent bankers have ques-
toned Acting Examiner Ever ia regard
to this. but he maintains discreet silence,
and will not disclose the information In
his possession.
On the other hand. the comptroller
claims, according to the Washington dis
patches, that the examiners reports were
always favorable TO the bank, and that not
until the comptroller himself discovered
the real condition OF affairs was any sus-
picion expressed as TO the integrity Of the
management OF the institution.
1t seems probable that the discussion Of
this subject will lead to demand from
the banking interests for the correspond.
ence between the comptroller and the
examiner on the subject Of the Maverick
bank reports.
Hank Closed for Good.
President Potter says that he never OK
poets the Maverick Bank 10 resume bust
ness, and that he will never make an effort
looking toward resumption. The United
States officers will he allowed 10 settle up
the banks affairs. Mr.. Potter would not
make any statement when approached yes
terday regarding his private affairs in re-
lation TO the bank, believing, he said,
that the time had not yet come
for that. The stories told " Ile Joint
account between himself lpd the
late Irving Evans Mr.. p. er char.
acterized az myths pure and si,Iple. He
admitted. however that there lad been
some contract between them, but not to
the extent aud character that has been
given to the public. II the assets are
properly managed Mr.. POtter uInrms that
every depositor will speedily receive his
account in full, and every other creditor
will be treated in like manner
"Nsrvy" Evans Letter.
A letter has been shown which was
written by Irving A. Evans on Aug. 10,
and received by Mr.. Potter three days
after the brokers' suicide. In this Mr..
Evans wrote that should any compiled.
tions arise he wished to declare that Mr..
Potter was in no way responsible for his
business and had no interest In any ac-
counts at the house Of Irving A. Evans
a. Co. lie further declared that Mr.. Pot
ter had been good, kind friend to him,
and that against Mr.. Potter's wishes and
advice he had been bear upon the stock
market for the past year and had lost
heavily, but IL had been his own fault and
no one else was to blame, and he asked
Mr.. Potters forgiveness aud bade him
good by.
Maine Bank suspeBds.
DAMARiscoTTA. Me, Nov At is stated
that an examiner has been ordered to take
charge Of the First Nat ional bank, which
suspended Monday, owing 10 the failure
OF the Maverick bank in Boston. The
bank is said 10 I've perfectly solvent.
Up Goes the Tariff
PARIS, Nov. A dispatch from Rio