Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1894-01-18
addition to the above list OF worthless
assets there will be some $4,000 more,
practically uncollectsble, and how much
more yet remains to be seen.

more yet remains to be seen.
The Capital has from time to time
stated that tho Lloyd's bank will pay
out 100 cents on the dollar The state.
meut was known to be false when made,
but the public can doubtless understand
the motive that actuates the Capital in
it's continued misrepresentation. Such
statements may possibly raise hopes in
the minds OF some persons that will'nOt
be realized. and the disappointment can
only be all the greater in the end. For
this reason, and for the information OF
those interested, The Alert has taken
from the records nt the bank the follow
ing figures, and estimates, regarding the
probable amount of money that will be
returned to depositors.
The first report OF the condition of the
bank, made by Col. J. D. Benton, tenn
porary receiver, to the comptroller, places
the collectable assets at $100,073.0O, out
! of total of $393,978.77. He reported
liabilities at 5269,2S9.ll, which have not
decreased, but have increased, instead
The report was made in October, and
was taken from records of the bank at
date of suspension. The per cent of
dividend. this report indicates, is about
2G per cent.
| The present receiver in his report finds
| the assets, in all, including interest, rents,
| &C., accrued since the failure, to be $685.
SSG53, on their face value. His report
! of the liabilities makes the total $2'4,
732 10, or a nominal difference between
! the face value of the assets and the lia-
bilitles of 1924, 1851. If the assets we're
all collectable there wonld be 1921, 153.54
over and above the liabilities and every
depositor would be paid Oft in full But
the assets are made up of the following
items:
First. Notes, aggregating s276,375.l7,
and Of this amount Col. Benton estlmat-
ed as good, $72,573.l4.
Second Other assets, Sl15,l03.6O.
These are composed Of bank building on
two lots, and old Metropolitan hotel and
lots, taken by the Lloyd's National bank
from the Lloyd's, bankers, at valuation
of 5000, but in reality worth not to ex-
ceed $4,000. OF this last amount the
sum of slO,38O30 has been paid by jnsur-
ance loss on the Metropolitan building,
leaving the bank bailding and lots worth
$96l964. In this list of 'other assets
4 1s also included the Gladstone hotel
stock to the amount of $4,000. The
hotel stock is capitalized dt 100000.
The value OF this $4,000 Of stock to the
bank is problematicaI, although 1t has
been estimated at $4,000.
Third. Claims against the Peoples
National bank of Plttsburg. and other
banks of $lO.4s1.O1. This is considered
probably good, and 20 figured in with
the exception OF s299.S2 which is con-
sidered doubtful.
Fourth. Redemption fund Of 81, ,12j
g per cent of circulation) in the hands
of the United States treasurer. whicl. is
good.
Fifth. Cash and cash items, amount
ing to $2.O75.s9, of which 5000 is con.
sidered good. The bank carried as cash
items, not charged on the books, several
accounts paid, such as freight on cedar
poste, accounts against Jno. S. Lloyd, and
umber bills. The cash found, and county
warrants make the sun $500.
Sixth. Overdrsfts. They amount tc
sl9, 9,42l.7O, of which $1,558O9 has been
paid or offset, and sl2,O27.42 is William
Lloyd's personal overdrsft on which
Judgment has been obtained and levy
made on his property. The item OF over
drafts may therefore be considered
worth $13,5S5.3l.
OF these assets, amounting to S115,
1O3.6O on their face value, the sum Of
s56,17l.7O is therefore considered good.
Seventh. Additional assets, consist
lug OF meat market accounts, interest,
rents, suspense account (Which is money
collected on note left for collection
which must be paid back) amount to
$4,9O7.76, which are good, less the sus'
pense account of Sl,lso.S0 leaving a
balance OF s3,726.96.
The total assets OF all kinds foot up
to $396,SS6.53. And estimating the
notes collectable at $4,000. the "other
assets" as named above, as s56,171.7O,
the additional assets" as $4,907.76, we
have q total Of S136. 6.O79.46. as good, with
which to pay $274,732.29. But out Of
these assets e TO be figured the cost of
collection, attorneys fees, the receiver
ship, and general expenses OF closing the
bank. The items of expense consist Of
everything charged to tho expenoe &C.
count paid out by the bank, some Of
which comes back. Placing the expense
of closing the bank at $4,000. A fair
estimate OF the dividend the bank will
pay is not to exceed 46 per cent, under
the most favoring circumstances.
Fifteen Killed IN q Fog,