New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-10
4 SETTLEMENT FROM REcErVER BEAL.
RESOURCES AND LIABILITIES OF THE BROKEN
MAVERICK BANK.

RESOURCES AND LIABILITIES OF THE eNohN1
MAVERICK BANK.
r.Y TELEGRAPH THE rRfBgSE1
BOSTON. Now 9.--Controller Lacey. Bank Examiner
Ever and Receiver Besl met at the Maverick BANK
early this morning and had long conference. Imr's
eight OF the sixty clerks formerly employed NJ 'ne
Maverick were In their places to-day and the work Oh
getting ready 10 open the bank for the transaction oil
business with the receiver will be pushed rapidly.
A hank president when asked to-day who the suretles
were upon the receivers bond replied that he did not
know and he had heard no names mentioned, but no
should not be surprised james H. heal the receivers
father were one and J. Montgomery Sears ahooher
when asked as to the truth Of the statement that was
a not uncommon practice for clerks. typcwrters ana
other irresponsible persons to sign notes, ne ephcu
that to the best Of his knowledge and BELIEF inc su'e
ment was false we do not Do business In any oshR
in that way, said he "and i believe that II IL mas
been done at the Maverick as claimed IL Is prscuce
that is peculiar to that institution
Receiver Beal furnishes the following as the state Of
the Maverick National Bank, shown by It's DOCKS ~
the close Of business on october 81 1891
Resources-Time loans. 81. 7498S1 2s' domano
loans $3,416,61T 81; United states bonds AZ WISH
ingtoD S5GOOU; UniTed States bonds on hahd'
$4,000; sundry bond account, T22'94I 90
sllndry bond account No 2, Slos,oo4 10
called bonds for redemption, 800; real estate
sA7 OPS Gil; New.York reserve agents, S2ss,s42 % )
furniture and fixture account, $42,637 70; sundry
banks S795,5s2 40; expense account, S1g,2 10 ;
interest account, 1887 81 premium, s4,475 27 SOW
ere IN account STA 70 exchanges for Clearing House.
1881 45o 25 specie 1897 1898 80 legal tenders SosI
$50; reserve at Washington, per cent fund, S2'2oo
other bills and checks, $l37 ,072 49, total, S9,6s7,
$40 SO.
Liabilitles-Captal, 100000; surplus fund
100000 profit and loss, s1lo,70e "a; discounts
900 463 81; commission account, "a SO; profit tele-
graphic transfers. 1919 &c. dividends, 800; deposits
D. O5I 0S2 o. certified checks $4s029 "a; certificates
Of deposit, Sl1o,J7s IA; banks and bankers. S52oo'
756 81; circulation, $40, 900 total S9,oS7s46 49,
comparison Of this statement with the one Issued
in September shows that between September 20 and
October 81 the bank account reduced by sfl7OOo
aud the loans were reduced by 100000 from the
amount OF the loans month before the failure The
cash with reserve agents had been reduced from
1868 900 10 $3.50 900, and the loans to banks have
come down from 81 ,o47 900 to S796,oCO. Exchanges
on the Clearing House had been reduced rom SS35o0o
TO 1881 OO0 and the specie from S647 900 TO 1897 900
Legal tenders show Increase of from s49O,ooO 10
1897 600. Deposits up to date of suspension lnclud
ing certificates OF deposit ard deposits OF banks ana
bankers aggregate Ss 100000, as against S991OCoo
FIVE weeks befo the suspension, which shows loss OF
81 100000 in deposits. OF this, S7340O0 was failing
OFF OF individual deposits and $4,000 In banking de-
pOSltS,