Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-26


Cash and cash items ...... $T10.3S
fund ....,...........,... 2.o25.eO
Excess of bonds over circu-
lation .................. 100000
Total .................. $7,7443s
Balance, showing amount re-
quired to pay creditors in full 81, ISO.O2
masmuch as the makers OF the re-
discounted notes will probably pay them
that amount, viz, $lU,225, will eyentu-
ally be eliminated when the amount re-
quired to pay creditors In full, as shown
by the books, will be reduced to the
sum of 81, 255.52 Bank has other as
SETS not shown in this statement from
the fact that they have been charged
outside assets, consisting principally
of notes, amount TO about S2I0,OUU, In
which there IN some equity.
With jndicious handling of banks en-
tire assets, 1t appears that the $5OO,OOO
capital stock will eventually
be worth about I5 per
cent of par value. Comparing banks
present condition with It's cunuiiion at
the time the present management took
charge, appears to warrant the conclu
sion thnt present officers and directors
are to be commented
GEORGE A. STONE.
National Bank Examiner,
Sworn to and subscribed before me
GEO. AIASSIE.
Notary Public, Tarrant County, Tex
| This respondent further shows to the
| court that the gross assets of this bank
| ut this time amount to the sum of about
are about the sum of S3O.22J.
Respondent denies that the present
management of the bank is being con
| Quoted ut an enormous and useless ex-
prnse, but he admits that as cashier
| of said bank he is now paid the sum of
| $500 per month, but he shows unto
| your honor that he has for n large por-
| ton of the time since the reorganization
of said bank, worked for and performed
duties for said bank for the sum Of
500 per month.
Respondent shows that prior to the
suspension Of said bank. and for three
| years prior thereto. be had been paid hy
The board of directors Of said bank for
his services as cashier thereof. the sum
of 5000 per year, or SilBGU per month.
| and no complaints, 50 fur us this de
PENDANT is aware. had ever been made
during that time us to the salary paid
70 him, nor has he ever been aware since
the reorganization of said bank of any
| complaints made by any stakeholder of
said bank 10 the board Of directors there
OF, thnt your respondent was receiving q
salary IN excess of the value of the SER
vices being performed by him MS such
cashier.
He admits that his co-defendant. A. f.
ceivss Mo sdia,,, eg S5,o s NJ, o"n1, 80
lilo sarsj,os .'. ~ - r. H.. "iVni" ~ ~,
snid bnotknnrr nisn rae6irou ~ 80 inr,
of $40 per month.
prior IN liz sn.nspsIon ~ snid 49,, T.,
Scptember ISL thc tlsn ' nresi JH ~ If
~ - " "a, Wy ipeh preSiuent OF
sainry Of S50Do na, yaor i,,' ~" ioarJ
of directors of snid hant for hi, Sou
vices. nnd oIthnu,,h bis na,d,,S, a. rros;
dent of same i'm ISr,,, s, ~, w.
me cause of ,ha vi 90 Ill anL
no comnlnlnt y,ns a,,nr MAJ, sn a., o.
ibis d.fntJnnt js o,.,r,' ~ ~ IL ~,
mid 10 snid T,,.Io,, MIN no ~ a. ~
Ills defsnIant n,,,, ""e X IN -" ~. a. az
president of saiJ hn,i. ' rn,,,,, hnrr',,,. az"
one cent ~ mn,s,, -, said hssL nj
the mil han, hns r.u' s" ~ ~
Inv Mn dncs b.' ~, .os. Vue f9,i We
said bnnk "''' p''" "' "iiuei VI
Knsnnndent f,rtha- a,or.s noT L., 90
fnr ms snil Tuci,ntt ooti1 "a. 90
far as env otber -, eo a,i 10 ~ VI ~
aided AMI nssist.5 sniS S",,1 Nv nras;,
dent and nther,visa o onI ,hat Pae,,,
so Jilieentlv MI eni,hh,i,, "v III ~ Ia H.,
he bns borro,ved n,annw ~ 90" w., ~
said Lanl nnon IL ~, ,ne usY ~ ~,
conrection With othors a,, ~
over si0t Oon fnr n.i;oS u L. snas 1911 NO No
charge against s,id han vyhstavny
,Respondent fnr,har shaw, thn, ,ho
ayerments in SAID Iii AZ ~ th "aa e,r In,
,r., snui.isnt my s,utanle rooms ioI the
NA"heAeNioH VI Tue DuhllltsS OF Sulu Dauk