New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-14

Asnrec,et,or IN securities upon which 1t had
loaned money These loans were upon secul,,
ties Of railroads not yet compieted' anu 40, 49,
made for the purpose of enabling the consul uc
tion of them There was scandal ABOUT inc
matter at the time. President Seney na -,
collection of pictures at his home IN bioon.y -
worth S4O000N. which he pledged WIN 'nc
(,,ea ring House for loan certificates issued ny
the Clearing House to the bank Ihere was s.
we're criticism of the Clearing House FOR 'canlms
upon pictures but its action was uhuouo' ,
beneficial. The pictures were SOLO anu 'he 'o"''
certificates taken up IN que COURSE
THE BANK IN IQUIDATION
when the hank went into liquidation the then
cashier. George d. McGurkey, was maue
uouidator ]. Conner Smith, the assistant cash-
Ter was made cashier. and Richard V. d. wood
was made assistant cashier. Henry "A. HUT
hut had in the mean time succeeded George !.
Seney as president. Mr. McGurkey dieu !oui
wears ago. and Mr.. Hurlbut assumed ms uu.,. luz,
The bank paid depositors in fuli ana mai of
6S per cent on the stock. 1t had cap pm ~,
SO 600 600 It's deposits were SI",""""" anu
its assets S12OOO.O00. 1t was hoped 10 90 pa!
about * per cent to stockholders. Inc o' i r1
cent maid amounted to $2.O4OOOo When the
hank stopped II had 81 441 900 in circulation OF
banknotes. outstanding. The amount redeemed
has been 81 .3Gj.1I leaving SSio-o yet 70 -.
&ekeH up. The banknotes are secuIeu 10y
Senosits Of Government bonds in the treasury
at Washington. ,,
The bank has assets remaining worth apou'
81 4O 600 consisting of timber lands IN Iennes-
see Arkansas and New-Jersey. buiidlne lots d,
Sioux Falls s. d.. villa sites and SILK mil at
'yVortendyke n. j.. and pieces of real estate III
various parts OF the coul try. The directors helu
a meeting yesterday noon to consider the situa-
ton. but decided to await the arrest or WOOD
The stock OF the bank sold at ID cents on the
dollar after II went in liquidation. ana at
lower figures as payments were made on II.
IT had recently been quoted at two Gel /; on the
dollar.
Piermont- on the Hudson. Nov. 13 (SpeciaD.-
Richard " d. Wood. the missing teller OF the
Metropolitan Bank, has not been seen at his
home in Piermont and some of his friends say
that they believe ne is in Canada. Mr.. Wood was
highly respect I'd in Piermont An intimate
friend of his told the reporter that for the last
two or three months he believed Woods nina
had been affected, for ne had acted strangely
Of the Piermont Rowing Association He was at
the boathouse election night and persons
who met him there noticed his peculiar actions.
"Once before" said Piermont man this morn
ing, when Mr.. Wood came to the boathOuse
ne had on six waistcoats and acted strangely
In various ways. He was one of the st-heart-
ed men l ever knew and would give the last
dollar he mad t. help a friend"
MIR. Wood has also. it is reported, used a
renee estate at Sparkill. Mr.. Lawrence was his
father-in-l law. Mr. Wood. it is reported secured
control Of a large sum of the money. and has
spent 100000 Of IT, besides $4,000 belonging to
another branch of the same family. making
$4,000 In all Where the money has gone no
one knows but II is thought he used it in Wall
Street with the expectation of replacing it.