St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-10
THE MAVERICK BANK.
A Gratifying Statement by Re-
ceiVer BeaI.

A Gratifying Statement by Re-
ceiVer BeaI.
BosTON. Nov. 9.-Receiver Beal fur
nished the following as the state of the
Maverick National bank as shown by
its books at the close of business, Oct.
81, 1891:
Resources - Time loans, s.. 749. 9Sl;
demands loan, S3,4l6,6l7; United States
bonds at Washington, 10000; United
States bonds Oh hand, So, $50; sundry
bond accounts, S722, 947; sundry bond
account No. 2. sos, 5O4; called
bonds for redemption, 500; real
estate, S47,02S; New York reserve
agents, s2SS, S42.05: furniture and
fixtures account S42, 6357; sundry banks,
$685. S2; expense account, $l2, 265; in
tereSt account, 1881; premium, 4,415:
sovereign account, STA; exchange for
clearing house, 1881 ,452; specie, 1887,
S3S; legal tender, s597; reserve at
Washington, 3 per cent fund, $3.50;
other bills and charges, $l37,9T2 Total,
50. 6S7. $40.
Liabilities-Capital, $500, 600; surplus
fund. SS00.0O0; profit and loss, SllO, 70S;
discount, $50, 463: commission account,
S4.55: profit telegraphic transfers. S2l2;
dividends, 300; deposits, g. 95l 1872 !;
certified checks. S4S. 029; certificates of
deposit. S1l0,576; banks and bankers,
S5,200,756; circulation, $4,000 Total,
50, 6S7, $40.
As compared with Sept. p. loans, had
decreased in the month before the fail
ure by S330,000. The bond account was
reduced by $4,000. The cash with re-
serve agents had been reduced from
1865, 900 to S2S9, 10000. and the loans to
hanlrc han Hpxx-1, mn 70
S796, 900. Exchanges tor clearing house
were only 1881 900 against $685., 600 upon
the previous date. Specie has been re-
duced from S647, 900 to 1851 900, bnt legal
tenders had increased from $500, 900 to
S597, $50. The deposits at the date of the
banks suspension, including certificates
of deposit and deposits OF banks and
bankers, aggregated IS, 100000 as against
S9.9l0.000 five weeks before, which
shows loss of S1,650.000 in de-
posits. of which s734.O00 was fall
ing off in individual deposits and $780,
600 falling OFF in bank deposits. The
Maverick had very large business, its
outward mail averaging from 600 to 500
letters per day, and the posting of 1000
letters was not an unusual occurrence;
but everything is found thus far to have
been Systematically conducted and all
accounts balance up on the books. The
only difference thus far announced is
the inadequate collateral behind loans
TO the directors. There was no blanket
endorsement OH file, as has been stated.
All the notes and endorsements were
properly and regularly made within the
letter of the law. Receiver Beal does
not contemplate resiguing the preSi-
dency of the Second National bank.
TO-day'S statement is gratifying, in
that it shows less than S2,OO0,000 of i'll
dividual deposits outside of deposits of
banks and bankers at the time OF the
failure. There was deposited with the
assistant United States treasurer to-day
a little upwards of $4,000 to the credit
of the examiner. for the benefit of the
creditors OF the Maverick National
bank. The comptroller says he did not
say the Maverick bank depositOrs would
receive 81 per cent. He said that the
average dividend of all the banks he
had settled was 50 per cent.
At the Five Cents Savings bank
everything is quiet to-day. Money is
being deposited by those who withdrew
their accounts during the run, and the
drafts up to noon were no larger than
usual. During the SIX days of the run
there was withdrawn above deposits
S79l.1 On Saturday there was very
little money taken out. and the bank re-
ceived 43S deposits of average amounts,
Including tifty-twO new accounts.