The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-15
LIE REVIEWERS FILE A STATE
MENT OF THE ASSETS AND THE
LIABILITIES.
HAVE ON HAND S165,213.78,
WHICH INCLUDES ABOUT S21 -OOn
CASH REALIZED FROM THE
DEPOSITS OF DEC. 22.
WHAT THE TOTAL FIGURES SHOW
Assets Are Placed at S317O roc 40
and the Liability to Creditors
at $Z,325, ,522.33.

The receivers of the Bank of Mime
sofa filed in the office of tie clerk Of
courts yesterday their statement and
schedule Of the assets and liabilities OF
the bank. The document in full is as
follows:
In the matter of the receiyershin
of the Bank of Minnesota:
FRANK A. Seymour and William I'll
LlShtner, receivers herein, file herewith
a statement of the assets and liabili-
ties OF the Bank of Minnesota
The assets and liabilities are stated
at the amount at which they were car
ried upon the books Of the bank when
the state superintendent took possess
sion Of the bank and it's assets. on
Dec. 22, 1886. The receivers have per-
sonelly checked over the bills receivable
and other items of assets as far as lies
In their power, and believe the state
nent to be correct. The bills receivable
pledged to other banks are not in the
possession Of the receivers, but from
statements received from the parties
holding the same we are satisfied that
the amount thereof is correctly stated.
AS Will be seen, the nominal assets
amounted to $3,170, 726.42 and the liabiii-
ties to creditors to $2, ,325, ,522 49,
"The receivers have prepared com
plete and fully ftemized statements of
all assets and liabilities, which are
on file in their office for inspection by
creditors and all parties interested It
| is impossible for the receivers to place
cash value upon the assets, as their
value depends largely upon the ability
or borrowers to meet their obligations
We find, however, thalt there was due
to the bank from certain of its officers
and directors, for money borrowed by
| them, the sum Of 1913, ,O46, and from GER
tain of its officers and directors upon
their Endorsements and guarantees the
sum of $420 1855, and from other con
Germs in which certain Of the officers
and directors were largely intereetey7.
about the sum Of $52, 600 In these
sums are included about S66 900 of the
item Of 'overdrafts. Upon the indebt-
edness above mentioned, the receivers
have been paid $35,59O and for S29, 500,
the receivers hold security
with reference to the item Of ssus-
pense account, judgement account
and 'sundry stocks and bonds the re-
ceiverS are of the opinion, that very
little can be realized on these assets.
with reference to the item OF cash
and cash items, there is included
$27, ,495 .49 in actual cash which came
into the hands of the receivers, and the
balance thereof consisted of clearing
| house items, which have been almost
entirely reduced to cash.
"AS to the item due from banks and
bankers, 1t is proper to state that this
was entirely due from banks outside Of
Minnesota, and was Immediately upon
the suspension Of the bank and before
the appointment of the receivers, either
applied upon Indebtedness due or
claimed to be due from the Bank Of
Minnesota or attached. Before the =
ceivers were appointed, the equity in
certain of the bills receivable was at
tached in New York and Chicago.
THE deposits made on Dec % 1896.
are not included in the statement. az
proceedings are pending in court TO de-
termine the disposition thereof
I'VE find also a shortage of So 900 in
the item, collection account being
two charges of that account made Dy
Leander Bosch, formerly paying teller
Of the bank, for mutilated currency
supposed to have been sent to Wash
ington for redemption, but which. upon
investigation, we find was never slip
ped. These entries were doubtless
made to cover a shortage in the paying
tellers cash. 1t is impossible to as
certain how long the shortage had cx-
listed.
Including the cash on hand when
the receivers took possession, they now
have on hand in cash $165, ,213.7S This
amount includes about $21 900 cash re-
allied from the deposits Of Dec. %,
1895. Respectfully submitted
Frank A. Seymour.
William H. Lightner
RpPeiVorE5