The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-01-11
THE STOCK ASSESSED.
4 Call on the Owners OF Nelson
Benefits Broken Bank.
soME WILL Be UNABLE TO PAY.
resag Thenpsss Said 60 Havs Tsksn
Csssesss Crsaasry saiiAfns.

the Merchants National oaak. Tor the
payment In each OF the par value OF the
$50. 600 capital stock Of the bank. Since
he call has been made superststious per-
pons have placed emphasis upon the fact
HAT there are thirteen stockholders. The
buik OF the stock is held In this city, and
the principal holders are: Waiter j.
Thompson. ex-president OF the bank, loo
share, 800. 600: Nelson Bennett. president
Of the bank, 60 shares, 5000: Sarntiei
coIiyer, cashier OF the bank. 80 shares,
1900: Henry Drum. vice president, iso
shares. SIS. 900: NJ. +. Hatch, director, 200
shares. 10000; Col. A. Potter. of Massa-
ehnsetts principal owner Of the balance,
about so. 600 worth.
Of course at The present time nearly all
Of the Stockholders will not be able 70
pay up. Those who cannot pay up will
have 70 be sued and Judgment taken
against their property. A month Is NOM
inaiIy the limit for making payments. but
where q portion u the assessment can be
made In that time and there IL prospect Of
the balance or a portion Of il being made
In sixty or ninety days, the receiver will
sct for the best interests Of the property In
bis charge.
Very little cash can be raised now on
what few months ago was gilt-edge prop
erty, and II the receiver were 20 close out
under the hammer the losses would be
very great Where the receiver puts up
cash to hold and secure property falling
into his hands 20 meet obligations. he
must be sure that he will be able 60 get
the money out again. or else he will have
20 make IL good himself. or his bondsmen
will have to do 10 for him. Under such
circumstances the best receiver ever
named, IL Is held, will be compelled to do
some sacrificing OF individual interests.
Some of the officers OF the Merchants
National bank have already put up all
they possess, notably Mr.. Collyer. lie
mortgaged everything to meet the SIS 900
which he owed the bank at the time OF the
failure. This included real estate I'm Yak
Ina and kittitas counties and some Ia
coma property. After he had executed
the mortgages he remembered that one
piece, an acre tract OF fifty-nins acres
across the bay, had not been included, and
he forthwith turned IL over TO the bank.
Ex-President Thompson has turned in
his elegant home on the bluff. fronting on
Division avenue, and has removed TO
email house on Tacoma avenue. He
guaranteed large amount OF tho paper of
corporations in which he 10 interested. bat
will not be able to meet the cali. II. ].
Davis. assistant cashier. also made clean
In favor sweep OF the defunet bank. lie
Is one of the minor stockholders.
All told, IL 10 not expected that any OF
the stockholders will be able to meet the
call without the greatest embarrassment,
except Col. Potter, who is q North Adams,
Mass, capitalist; President Nelson Ben.
nett. and perhaps Messrs. Orchards and
Hutch.
While the call is made for the entire
amount of the capital stock, with view
Of securing depositors. should there be any
balance left after ell claims hare been sat-
isted. ii will be returned TO the stock
holders. II the bank were on. of the
hands Of . receiver, or. rather, never had
been placed In receivers hands, the
property which will have To be realized on
could have been worked of TO somewhat
better advantage, and the banks slow
paper would be more available and there
fore valuable. At present it 10 tair to
assume that the balance loft ont Of the
$4,000 for which the stockholder. are
Liable. that 10 lett unused at tho final set
Element viii not be very large and the
"
ewlndfer Harss Wife Returns Home.
TACOMA, Jan, Especial. Mrs. $. II.
Hart. wife Of the deiaugting Bank Presiden,
Hart alias Kahn, of Buckley. left today
for her fathers home at oskaloosA, Her
father is James Il. Norman. and during
the thirteen years that bis daughter lived
with Hart the latter never allowed her TO
get out OF bis eight and visit her parents
but once. Daring these thirteen years
Mrs. Hart was aware Of the acts OF her
husband. bat could not free herself. Ex.
cepting the one visit TO her parents. che
never saw during ali her married life any
person ~ho knew her. Hart had her
pledged and intimidased into eonceasinr
his sriminailiy. She il nos afraid of her
lie. fearing II Hart does not do her in
Jury his sons, of whom there are three,
will. She had pledges from those 10 " hon,
che made her confession that she would
no, be brought into the matter or any in,
formation he given regarding the source
of Harris history. The detectives BETRAYED
her. and as result she was threatened
With brain fever. one OF Harts partners
Seattle man. was IN hght with Hart
once at Phtiads, phlA and cat him With a
knife, which scar lie st1A carries. Whils
at Philadelphia Hart beat ex- Postmaster
General Wansmaker out OF slo.uoo There
10 no doubt among Mira Hart's advisers
bat thai Hart Wilt 20 % prison. lie i,
about D. years old now.
nr,sf tacoma Sewa
rAcoss. ian. 10 Especial. The EN-.
rloyes Of the Tacoma Railway & Meio,
SeFnparv ynn4ren4 - p~-~tsa,. n