New-York tribune., 1896-12-29

ances TO their credit. The books were received
and the owners informed that as soon as thelr
accounts were balanced on the books checks OH
Isaac c. Lombard. president OF the National BANK
OF America for the full amour; of their claims
will bs sent. Small accounts were paid IN iuil
when presented this morning. but In no case oiu
the large depositors press for immediate payment
ACCEPTING the signed guarantee Of the banks IN
the Clearing House that all depositors would se'
their money in full. Many business men ana BANK
ers called TO express their sympathy with the
officers and directors OF the bank
II Is believed the stockholders will get nearly
all that Is due them at par.
Tb. weIi-knovn connection between the Atlas
Rank and the Dime Sa wings Bank. a small but oid
institution. caused the circulation OF the report
that IT would he forced to liquidate Its doors
were opened for business AS usual, put there "'S
little business 60. Depostors came 10 ara" OUT
their savings but they were presented WIN "
blank notice 10 the bank that they desired to WIN
draw so much In ninety days from date, ana re-
ou.sted to MI out the paper. THIS protective rune
OF the bank which was put In force Dece"oei 3D.
exceeds the highest limit OF other savings oahhs
bv thirty days and II was made appHcao'e ~ u"'
hy the Dime Savings Bank to depositots OF 'he
smallest amounts. This rule is not enforced III
,orusl financial times but It was considered
necessary for the present at leas' by fresiden'
Samuel -. Bailey. No deposits were "c'''s &c
c.ived and thu bank may be said to nave tenn
porarily stopped receiving and paying out money
tratlr money II dut II iIoA NV -N''" ''
The Chicago safety Vaults are also operated IN
.or,.c,,on with the bank Other banks OF the
ci,y were doing business under normal cohd''ionS
this morning ~ >..,,
Bank was nearly prostrated last evening o' TIC
vcrry over IN, affairs OF his institution
Il believe everything = going to come OUT r'Sh''
h. s,n but matters are considerably involved
now"
= y Myers. director OF the bank and one OF the
orisnal stockholders. said last evening that the I'M
mediate cause Of the trouble was Tie withdfAwa! ot
oye. tno.vI In cash by County treasurer No'"e'-
soe.p,. following the suspension OF the National
Bank of Illinois.
There were also cher arg wlthiiawals. sai
NJ Myers incident upon the failure Of the Nationa.
Rank o, Illinois and reports current regarding me
s,,nnosed involved condition Of the bank But Tor
the failure OF the Bank OF Illinois the Ata- "oud
have had no trouble. Tor It's business was IN good
ond,on "a Il evidenced by the acton OF the Ccar-
ing. House Committee
.,rr.asurer Kochersperger had on deposit in the
bank a, the beginning Of las. week s6'sW The iail-
IRE o: the Bank OF Illinois. suppose, made him
nervous for within a few days af,erwarl ne with
drew Siss.Vl The palk stil. owes '''" s-fVV"' '''
has secured him abundant.y
The bank also unfortunate In It's business
with the Van Nortwcks. Ihey owsd the Dank auout
t2ioO O01 and the whole matter would have been ad-
justed Without trouble, Dnr loi ine laure & o, M ,te
National Bank OF Illinois Ihe Indebtedness was the
result OF the building OF their big paper NIL AT Apple
ran nd about October ] the WnOle property was
bonded for 500 900 Boston parties nai promised TO
take IN. whole issue after election. and the matter
WIS practically consummated when the Bank OF
illinois failed This alarmed the Boston people and
fh, deal feI through The result was the vtlas
Rank had 10 shoulder the whole burden. II Is aoun-
danty secured, however. the property or the an
Nortwcks Is worth <l.0GD.0O0.
Morton sS CO.. who went into the hands OF a re-
ceiVer on Saturday also owed the bank about s30vy)
but this Is We'll secured.
Il think the affairs OF the bank will be wound up
| am In favor Of doing this also think the stock
holders will sustain no loss
Charles j. Connell. second vice president OF the At
las Natona. Bank, and also vice-presldent of the
F!tzs.mmons a Connell Company. contractors and
timber dealers was last night Al his home. He
when asked In regard 10 the bank
nnarc!al difficulties. and said:
II believe the institution to be perfectly sound
and solvent
Mr. Connell was asked 10 state the relations OF
the bank and the Fitzsmmons conne Com
uany and how much the latter owed the former
He replied: Sometimes the bank owes us and
sometimes owe the bank as money II deposited
or drawn out We owe the bank Just now "A
mammal sum" The amount due the bank from
the contracting Arm Mr. Connel declined TO say
g. Is Farwcll said last night: Il have been with
the committee several hours today assisting IN
adjusting the affairs OF the bank. Everything Is
satisfactorily arranged. and all depostors Will be
maid in full and at once. | owe the bank trivial
sum which will h- paid tomorrow.
The capital stock OF the Dime Savings Bank II
900 go The report made 10 the State Auditor
OF public Accounts last July by the bank officers