Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1894-01-18
Summary Of the Assets and
Liabilities Of the Lloyds
Bank.
A Partial List of Securities
Considered Worthless,
Given.
What the Receivers Find in the
LloVd'S National Bank
Assets.
Estimates of Their Value and
Property on Which
Based.

Hon. G. c. johnson, receiver for
Lloyds' National bank has forwarded
his report of the collections, disburse-
ments and the assets and liabilities Of
the institution, up to Dec. 81, to the
comptroller of the currency.
This has been done at the request of
the comptroller and in compliance with
law, and it is understood. that upon the
receipt of the report, dividend to the
creditors will be paid from the comp
troler's office.
The report is an extensive and compli-
Gated document, which has required a
great deal of correct figuring, and has
Just been Completed. \ synopsis of its
contents only is possible, AS to print the
entire report would take many columns
of space. A condensed statement of the
assets and liabilities OF the bank, and
some little information concerning
the possible outcome for creditors and
SUOChuOlQciS, 10 &lSCA DC ANAAO"'o' ADAAAS
receivable, on hand at the date of sus-
pension, amount to S276,375.l7; other
assets, including real estate, the bank
building and fixtures, hotel stock, insur-
ance received since the bank failed, etc,
amount to S115,1O3.6O, making the
total assets S393,97S.77 Since then
there have been additional assets from
rents, interest. etc, of $4,9O7.76, making
q total of $39s, ,sS6.53.
The total liabilities at the date of the
suspension of the institution we're $780,
289. IL. The claims proved against the
bank amount to S239,93442; claims
against the bank, and not yet proved &C.
cording to law. $l4,114.29; liabilities can
celled by offsets, $6,796.81; contingent
liabilities discharged, $8,443.50; claims
established, but not shown on the books,
amount to $5,443.18. The total claims
proved against the bank are $245,377 CO.
From the assets the receivers have COL
lected from all sources s34,212,53, at the
date of the report.
The losses on notes known and charged
of are $l4, 4,4O1.38. In the disposition OF
collections, the expenses since the 10th
OF July, in the payment Of Examiners
Thorne and Rose, Receivers Benton and
johnson, clerk hire, attorneys, protests
and general expenses, foot up to the total
of s5,437.52, so that there Is a balance in
the hands OF the comptroller from the
collections Of the receivers. of S2S, ,115.l6
The amount OF the dividend to be
declared may be IL per cent and may not
exceed 10. As The Alert has alread,
stated, the assessment of one of the
stockholders in Minneapolis and others
and the payment Of $4,000 by D. Nick
Lloyd, may bring the dividend to {
greater sum than ten per cent; this, how
ever, lies with the comptroller.
The value of the real estate, bank fix
lures, etc., was placed at $33, 600 which
amount was taken from the valuation or
the books Of the bank. The tota
amount Of hotel stock owned by the bank
amounts to $4,000, ont of capital
zation OF 100000. It is upon the Glad
stone hotel. The assets of the bank
while nominally large are. as is well
known at this time, in reality a great
deal less than their face value. The fol
lowing is list of what may be termed
worthless assets. They are known so to
all who are familiar with valuations ot
property and liabilities Of the lndivlduale