The sun., 1894-04-27
HARLEM RIVER BANK SHUT.
r,, pnEsToS TAkEs cHAReE PEND.
ING Az EXAMINATION

-. p.,.,,m.nt Bs. nae n. Eye 90 the
,.,, fer some Tiws ssa Esssirss New
...,,,ty on some OF lts Lsas---Tbe Ger.
..,s Bsuk's Di.inslinHtion 60 Coutinus
,,..,.,e.. Hurried Mnitsrs-Dir-eters
v.,v vBorrowrrr-Lo.~- on Real tate.
e,,,s Bank Examiner Judson walked intothe
u.,lsm river Bank at 10th street and Third
.ysnue at half past ? o'clock Yesterday alter
80, and going over to the desk Of one OF the
,l,rk, wrote this notice:
rn.b,pk Is closed and is in my possession pending
..,,,uinstion into It's condition and afairs.
ruu " PRnsoS. superintendent Of Bsnhs
n. took this to the front window and pasted
uun. President Robinson Gll wAs In his ONCE
.,Ib. time and Cashier Ellhu @. Hinckley was
n hs. Mr. Judson went into the Presidents
.rs,s and sat down. President Gill wheeled
about In his chair and greeted him.
"Well. Mr.. Gill;" said Mr.. Judson. I think
Mia course 10 tho wisest one for you and for
the dspositora"
"wh.vhat2 What course r said President
GU.
Why said Mr.. Ju.lson. Il have Just Dut
mn the notice and have taken possession OF the
bank. II seems to me the wisest course in
view o. what has been said. Your bank has not
n
know that even II you could keen pyou would
have to hunt for n new Clearing House agent
You know too. that II would be absolutely
impossible for you to do that It's possible
you might run alonR Tor month or two or
longer, but In the interest OF all concerned and
ip view Of what has been printed II IL better
that you should 60 into liquidation"
President GIL wheeled around In his chair
again aud went to writing. Mr.. Judsop got
up and walked back 10 whore Cashier Hinck-
ley was and informed him that the bank was
closed on tho order OF the state Department.
The cashier made remarks about the Clearing
House. the Garfield Eank ard the newspapers.
The action Of tho Bank Examiner was pre-
cipItatsd by the publication Of tho fact yester-
day morning that the Garfield National had
asked the Harlem River Dnns to get n new
Clearing Houss agent the Garfield desiring to
get rid " the io1 OF clearing for other hanks
because there was no monsr In it. The publ
cation had no perceptible effect on the GUS
toners OF the bank. for they only drew out
s8OOO during the day. and they deposited
s.ooOo. In the receiving teller's once Of the
bank is the motto Have Faith In God.'
Somehow yesterday this motto was turned
outward so that It stared everybody In the
face who cameto deposit money.
The Sun reporter visited the bank some
time before the Bank Examiner got there
Cashier Hinckloy was asked why tho Garfield
Bank had decided to ask his bank to get a new
agent. First he said he didn't know anything
about the case. Then he said he vas very
much surprised that any such report should
have gained publicity. Finally he admitted
that on April lU last he met two OF the di-
rectors OF the Garfield National Bank In
formally. and that whlie nothing definite was
Wlshed the Harlem River Bank would secure
another Clearing House agent
in tlsss Sa: aIs :.iS 4. alHsiisr sela he u:
tsetes. thft he sr[s9sen,snts bstTscn o eur
genial and S amicabie. ana That We did not do
siro To make u change OF agvnts This w4s 10
G mora a has a nsen ' ssid !" the csai. 3 this L.at
By those OF the Garfield National Bank. The
il acts Ms agent, and / feel certain that they
have not received anv such notihration. be-
sons az sa:"s 10 S' Tween ,hs 90 baSRns
T.partment Depart and i6e CLEARING House Commit:
tee This bank wa nsv:1 s'ss nSnsII Sa
SarGaiory durins tIe last year. and We have
After, The Bank Examiner had posted his
make !" statsnsnt. We are closed Until this
ss II n. ss f .as.n sSs s aRA FSs 5ss
i; .ssss 81 TSs I'D Z hf: s.Is, :aI i
E%Sc!s % tS trouble Il % is due 70 the talk about Inc
h.d a. 40, !St that out They let 1t out and here
Nj, judson. who was in the bank, said: u
was ysry N ush surprised this morning. when l
other. agent; surprised that i becams public
ssitIdIa: net thst q was made; sssaqss the The
Sssi Ans made nSS eSs Ia last s' 'iuii sIs%sstSa % % 10
.sts,s s in nong the soiistsfat That isu I very
good security now. BECAUSE II Is so hard 20
state on Which think il W win be hard work fcr
The hank to get its money back. Al least there
ass az ANY hs
VIII SssIn 5 sSon q sss ' si.rts saa.r: Up % The
DID You, notice much collateral that was
a. q good character when you made the
OF the total assets Of the bank think there
p the R.ghSSIdhSod Of SSSGo2 that ths
pIs%Ss fsPsaSss n1osssd a's 81 's sSs osS:
bank No. don't remembsr the nature Of the
sss,s:s ss have been qP here 4nss or tSiSs
E.IIsnt the action that Was taken BY me to-
:,e: n: H.sls% Et'sr Bank owe the Gar
q .Srs. ssS dollar: :'fs one sh' Il sola.
good part OF its bills receivable aud > good
part q the stocks and bonds about $4,000
course. don't know the exact amount Of the
inde6tsdness to the G9rneld: l do know that
Garnsld Bank for . loan OF S5O.OOO, The Gar
held responded that IL would make the loan.
provided the Harlem River Bank officers would
consent to an exAmin alton By q national bank
S1AmineF. The examination was made By Mr.
hlmbal. and on the stTength OF his report the
collars OF this loan has been repaid. and there
sample collateral for the rest"
The report Of the Harlem River Bank died
Slth the State BANKING Department on March
REsoUkcEs.
LeAnA and diSeo0ntA lsss due from diFse- - -
blAblhty OF directors o3.Loo 90
pNtaIAtts. as per seheduls. TVA VI
NSs ron trust eompAaiss state and Ne. -, .