The Wichita daily eagle., 1897-12-24

]. Ziegler. Jr., directors; w. w. Price
paying teller; William Steele, cashier
and ]. F. Reardon, notary public.
The officers and directors of the
| Chestnut Street Trust and Savings
Fund company are: William R. Singer
! ly, president; Isaac Cooper, vice presi-
| dent; Irwin c. Garverick. secretary and
| treasurer; H. C. Hart, title officer. The
| directors are: William r. Singerly,
Isaac Cooper. Benjamin Obdyke, Ben
| jamin A. Van Schaick, John Simmons,
Allen B. Borke, Charles A. Potter and
Walter T. Bradley.
The condition of the Chestnut Street
Trust and Savings Fund company at the
close of business on November 16, 1897,
was reported &c the state authorities as
follows:
Resources-Cash on hand s34, ,046;
checks and other cash items $50, ,S95.S4 /;
due from banks and bankers s115, ,O79.O3; !;
call loans upon collaterals S6S8, ,613. 13;
time loans upon collaterals s226, $50. %; |;
loans upon bonds and mortgages s317,-
306.49; mortgages 172,376.5O; real estate
furniture and fixtures $21S, ,105.O1; over
drafts $1,902.77; miscellaneous assets
s1G5.542.07 Total s1,S5S, ,659.0S.
Liabilities-Capital stock paid in $780,
600; surplus fund $4,000: undivided prof
its, less expenses and taxes paid, S52,-
3S5.06; deposits subject to check $685.
1902; deposits, special, s636, ,50294 To-
tai 1,492, ,253.S6.
Miscellaneous liabilities, $14, To-
tai 1855, ,659.3S.
Amount trust funds, invested s193,-
79464; amount trust funds uninvested
$41, ,329.O6 Total s235,173.
NorristoWn, Pa, Dec pa mortgage
of 100000 covering William Singerly's
realty in Gwindd township was placed
on record here this afternoon. The mort
gagee is H. G. Hart OF Philadelphia and
the instrument is dated March q, 1897.
The rate Of interest is 6 per cent. The
property secured by this mortgage are
eleven farms aggregating 72S acres and
several town lots
ECKEIS' STATEMENT.
Washington, Dec. 23-Mr. Eckels. the
comptroller Of the currency, said today
in regard to the failure of the Chestnut
National bank of Philadelphia that the
suspension was primarily due so the
shrinkage in the value OF the bonds and
notes of the Singerly Pulp and Paper
mills, located at Elkton, Meryland The
capital of the bank is $500, ,0O0 and at
the present time it's deposits aggregate
about S1,7o0,000 and its surplus about
$150,000. Mr.. Eckels has been in Phila-
delphia several times recently trying to
make arrangements by which the pulp
and paper mills securities could be taken
out Of the assets of the bank and pre-
ferred stock Of the Philadelphia Record
company substituted. By this and GER
tain other changes Mr.. Eckels hoped to
put the bank in first-class condition.
Up to 5 o'clock last night, 1t was
thought that the plan would be adopted
but at that time hitch occurred which
rendered suspension necessary. When
the pulp paper mills securities were
taken by the bank they were regarded
by everyone as firSt-class but since that
time paper has fallen in price from 10
cents a pound TO less than . cents and
the securities have deprecated in pro-
portion Mr.. Eckels said there was not
the least suspicion of any wrong doing
on the part of anyone Connected with the
bank and ne still had strong hopes OF
arranging for the volunetary liquidation
of the banks affairs, without the ex-
pense incident to the appointment of a
receiver. Mr.. Eckels expressed the be-
lief that the bank ultimately would pay
every dollar it owes. The Philadespilia
Record, which is owned by President
Singerly, Mr.. Eckels said. is very val
liable property, paying about per cent
annually or about s5.0O0,000.
STATE FUNDS HELD.
Harrisburg, Pa, Dec. 2S.-It was an
nounced today by the state treasurer
that the state has S225,O00 on deposit
in the Chestnut Street National bank of
Philadelphia
BOSTON NO LOSER.
Boston, Dec. 23-At the Third Ma
tional bank, the correspondent of the
Chestnut Street National bank OF Phil
adelphia, which failed today, it was said
that the Philadelphia institution has suf-
ficienS balances here to cover any out
standing liabilities and that none Of the
Boston banks will lose anything on ac-
count Of the failure.
TO CURE A COLD IN ONE DAY
Take Laxative Bromo Quinine Tablets.
All druggists refund the money If it fails
10 cure. 25c. The genuine has L. B. Q.
on each tablet