The evening world., 1894-05-02
RECEIVER ASKED FOR.
Harlem River Bank and Depositors
Prefer Chas. K. Beekman.
Bank Superintendent Preston Fa-
vors David B. Sickles.
Judge Bookstaver Likes Both, but
Promises to Consider.

Application was made to Judge Book
staver, of the Court OF Common Pleas.
to-day by Deputy Attorney-General Ho
gan for the appointment OF a temporary
receiver for the Harlem River Bank
and the usual injunction order restrain
ing creditors from proceeding against
the bank while in charge OF the receiver.
Deputy Attorney-General Hogan, ac-
companicd by flank superintendent
Preston, entered the court room a Few
moments before IL O'Clock.
As soon as Judge Bookstaver had dis
posed of the motion then before Mr..
Hogan made the formal motion and
then said.
ii will say to Your Honor that the
bank is nov in the hands OF Bank Supt.
Preston, and so far as his examination
has gone he thinks the capital i'm
paired to the extent OF about $1,000. The
assets OF the bank Will probably be be-
tween 500 900 and 100000.
Il wish to suggest the names OF "
ceptabie as receiver. They are Charles
X. Beekman, an attorney or III BROAD
way, and David b. Sickles, Nicc-Presi;,
Counsel for the stockholders OF the
bank. after stating that the depositors
would be paid In full, urged IN. APP
pointment of Mr.. Beekman.. He was
bank itself.
Bank Superintendent Preston then stat
ed that the Banking Department pre-
ferred Mr.. Sickles.
They are both good men said Judge
Bookstaver. Il VIII consider the matter
and give a decision In an hour
The troubles OF the Harlem River Bank
were INST brought to notice last week
Thursday. when II was announced that
the Garfield National Bank had refused
TO act longer as us Clearing House agent,
The Harlem River Bank officials pro-
tested that the action was uncalled for.
and that the ban was perfectly SOUND,
but hardly had the words been spoken
when the institution was closed by Supt.
Preston and JudsDn placed IN
possession.
The SANE day Mr. Judson announced
hiatt the bank would not resume business;
been watching the Harlem Banks con.
dition for SOM time and had reuir"d
new security on some Of ITS loans. Among
the banks heaviest borrowers were shlh
10 be- is own directors.
The Harlem River Bank was organized
in March. 49, It's hrst pres,IHn, was a.
banking finally induced him TO retire
from the business In New York. Bank
Examiner Judson says that there is rtlll
$1,000 Of Mr.. Leszynsky'" pnper IN the
Hobinson GnI succeeded Mr.. L-szyn-
SKY as resident. he was a direct e OF
the .Cominercisl Bank in Bronklyn,
assets OF the Commercial Bank we're
found the notes OF cignt directors f9r
$40. 90 each. They were thF"e years "ld'
Mr.. GIN settled all his indebtedness -
the bank. He was anon the diI"e,lIs
arrested. hut he was not indicted Ills
examination has been tiNcd uy Ponce
Justice Walsh. OF brooklyn, FOR MAY 10,
The Harlem River Bdnk never cd n
large business. 1t had "A treat uany
small merchants as dcgps!tors. Thc di-
rectors at present arr itoninH3n On, j.
Henry Bldelmun. W II. Burke. T.. q.
Hinckley and George iero!d,
supt. preston htll yesterday mat the
IMPAIRMENT Of the banks 500. 80 capital
would ~, all, Probability not exceed
10 be found in stoCks and bonds which
have suffered from ~shrinkage, He said
the bank had also discounted consli-
era BILE paper that appeared to be uncol-
lectablr,
Outside OF the collaterals and their
own paper. which they put up 10 tide
the bank over the last shortage. the d
rectors, AIR. Preston said, probably
owed the bank about 5000. There was
a possibility OF their making the entire
amount good