The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-07-19
THEIR BONDS WORTHLESS,
So Says Receiver Sickels of Har-
lem River Bank Officials.

Col. David b. Sickels. receiver for the
defunct Harlem River Bank, was some
what indignant this morning at the &C.
ton Of the depositors and shareholders
of the broken bank at a meeting held
last night, at which 1t was openly charg-
ed that the receiver was endeavoring to
protect the officers OF the bank and that
outsiders had obtained access to the
books. while they were refused even a
list Of the depositors. They also at
lacked Col. Sickels for not endeavoring
10 bring Bookkeeper Kean back from
Canada and hold tnat he is unnecessar-
ny SLOW IN winding up the affairs Of the
institution.
rn Il do rot want to rrotee. any one"
posters Will show me evidence incrimi-
mating the officers Of the bank l will
help them to secure a conviction.
col Sckels then went on to tell some
of the unpublished history of the bank.
which, on the face Of II, seems to put
position He said that when he entered
INTO possession he found that the bonds
Of an the officers OF the bank were Al,
not believe they were worth more than
10 cents on the dollar.
p Th ,ino american S;nh Sure, Surety Company Of
he said; the surety for the bank ofh-
GERS. He had sued that company with
unsatisfactory results.
The officers OF the Harlem River Bank
had, he said. all been bonded under q
so-called schedule bond year ago last
FAN. When the Company failed nothing
was done to secure new bonds in a
solvent company. yet the bank con-
tlnued on in business until April 26 last.
when its doors were closed by State
superintendent Preston. During all that
able security in case any, of the en-
ployees went wrong, and when kean dis
appeared with $4,000. there was no COM
pany ready, TO spend enough money 10
Il am perfectly willing to assist. them
in any way, that is possible, but I can
out an order from the Court. They
complain that nothing has been done
about kean. | cannot personally bring
him pack; His case is In the hands Of
an indictment has beea found against
him.
bank | am doing II as rapidly as is pos
sib.c. When l took the receivership I
recelpted for S3iS, 1855 available assets.
\ great deal of this was In outstanding
S65 O0J. and have declared a dividend of
20 per cent. payable July %. Some notes
fan due the latter part OF August; I
cannot collect them before they are due.
AS business men they should know that.
1T is not true that ! refused them a
list of depositors. Three gentlemen
fCIleu on me JUST as WAS lcdNlHS toWh.
and requested them TO call again. One
did so and said they were going to
form an association and wanted list
of depositors l replied that | wished
10 consult my counsel before furnishing
the list"
II. W Libas. OF 40 Nassau street, a
member OF the Committee appointed 10
engage counsel and bring the matter be-
fore the Grand Jury, said the COMMITTEES
would meet tomorrow. lie SAID that
they had evidence that President Robert
Gin had advanced money on a third mort
gage. and had also received deposit OF
$4,5OO after Supt. Preston was In charge
Of the bank. They would recommend at
the meeting OF the depositors to be held
mex, Wednesday. that these facts be laid
before the Grand Jury.
Mr.. Libas said that 1t was apparent
that the officers did not want kenn
brought back for fear he would make
a statement the tendency of Which
would be to implicate them.
Mr.. SO --.. .user 80
ID to any one sgain.-Tolsdo Blsds.