The evening world., 1894-07-19
THEIR BONDS WORTHLESS,
SO Says Receiver Sickels of Har-
lem River Bank Officials.

CT David II. Sickels. receiver for the
defunCt Harlem River Bank, was some
what indignant this morning at the ac-
ton of the depositors and shareholders
Of the broken bank at a meeting held
last night, at which II 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 q
list OF the depositors. They also at
tackled Col Sickels for not endeavorinx
10 bring Rookkecper Kean back from
canada. and hold that he is unnecessar-
!ly slow IN winding up the affairs of the
institution.
II do not want to protect any one,"
col. SiCkels said To an Evening World''
reporter to-day. III any II these de-
p"sito Will snow me evidence incrimi-
mating the officers of the bank l will
help them 10 secure conviction.
tol Sichels then went ON to tell some
OF the unpublished history OF the bank,
which, ON the face OF II, seems to put
some OF The bank officials In peculiar
position lie said that when he entered
INTO possession he round that the bonds
OF all the officers ~ the bank were al
most worthless. AT the outside he did
10 cents On the dollar.
Th- American Surety Company of
baltimore which failed last Fail. was.
he said the surety Tor the bank OFF,
GERS. He had sued that company with
unsatisfactory results.
The officers OF he Harlem River Bank
s"-yalled schedule bond a year ago last
RAN. When III" company tailed nothing
was don" to secure new bonds in
solvent company. yet the bank con-
when it, doors were closed by State
Superintendent Preston. During all that
lime there was not one cent OF avail
Die security IN case any or the EN-
pIoyees Went wrong, and when kean dis
appeared with s3u,@O, there was no COM
pauy ready TO spend enough money to
BRING him back
4 am perfectly willing 10 assist them
IN any way that H. possible, but l can
not spend the money Of the bank With
out al ordrr from the Court They
complain that nothing has been done
about kean. | cannot personally bring
him back His case IL in the hands OF
the ct-Attorney. and ! understand
nm indictment has beea round against
him.
A To winding up the affairs of the
bank ! Am doing !; as rapidly as Is pos.
Sibc. When ! took the reCeivership l
rcceipted for s3iS, 425.5S available assets.
\ great deal of this was In outstanding
paper In sixty days nave collected
- per cent. payable July -. Some notes
fan DIE the latter part of August. 1
cannot collect them before they are due.
1T - not true that ! refused them
last of depositors. Three gentlemen
e.. iiCI on me ust AS I was leaving town,
and requested them to cali again. one
did 50 dnt said they were going to
form an association and wanted = list
Of depositors. replied that | wished
To consult my counsel before furnishing
the list"
VI. ". L.iba4, Of 10 Nassau stree, n
member of the Committee. appointed 10
engage counsel ana bring the matter be-
fore the Grand Jury, said the COMMITTEES
S'uui meet tomorrow. lie said That
they had evidence that President Robert
Gin rad advanced money on a third mort
sage, and had also received a deposit OF
81 go after Supt. Preston WAS IN charge
OF tue bank They would recommend az
the meeting of the dppositurs to be held
mex, Wednes lay, that these ttC,s be laid
before the Grand Jury.
MIR. I.ibas said that il was apparent
thar the officers did not want kean
brought back for fear he would make
would be to implicate them.