The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-10-05

on Sent. u a surplus OF $12a; 100. According
y a statement made Yesterday by Chairman
only oaypi has this ali disabpeSred. but the capital
g e the p 5a Fhoh Is im9Ra If dd f. the extent of hun
THE impairment of capital" he said. rs
was ;sh 1ssEed T1 ns97d !; re or G ss&S.do Impaired he
dFnily that he exclaimed and his manner
ABOVE that III mention "d'ufp In baTniinS c RHes
downtown there was a general belief Yesterday
that the Impairment might amount to half a
In the Wool Exchange building IT was de-
clared that Bank Examiner Kimball had ex-
It as sound it was declared that So i far as
vas known the bank bad met with no serious
tion. and that II It was sound then 1t is sound
POW: But in another quarter 1t was stated that
Sr Was l9s snsb %a9S s1 Y do EMS So etk appsnr i6at that that
director Of the bank has borrowed moro than
Morris j. Hirsch Of Blumenstiel Il Hirsch.
the ATTORNEYS for the bank, declared yester-
4Ry that. the bank would pay its dePositors
tie bank CONSISTS: asdfe q. he's he said ID that bat it tG held "a a
lot OF the, paper of the nudge Publishing ON
SssiRrysjr M n saR RSS F &aSn int I sh Co.. hands a ao6 St house e 1s5
which failed in February, and Of other con-
Oerns which were, in liquidation.
SRo the street that there was, $4,000 or So
600 Of the paper OF +. u. brown K Co.. a re-
tail dry goods house Of New Haven that failed
last spring; $1,000 Of the paper Of Francis c.
ment of William Qulnlan, Jr. cashier OF the
Chemica Bank. and altogether about $751;
OOO OF past due paper. Among its doubtful
Assets Is PAPER Of the AmeEiean Electrical and
which went INFO the hands of n receiver yes
terday since the establishment of the Wool
Exchange ard the moving Of the Office Of the
bank, into that building; the bank has been
closely connected with the operations of that
concern and Of the three bIacnanghtan Broth
ers, who, were the dominant spirits there. =,
ExehgnSc. James M~nenaug4tan is president Of
the Tradesmen's National Bank. and William
MacnauGhtan Is President of the New York
Wool Warehouse Company; whose office Is in
established about three wears ago, with a capt.
tai OF 81. 100000. II built the Wool Exchange
BUILDING and tried to establish regular semi
m9nthly sOles Of wool by, auction. This
Ing is said to be fairly well rented for offices.
the sales were abandoned in February and the
Exchange closed last week AZ the same
COMPANY Of which Allen Macnaughtan was
President, suspended publication. The capt.
tai Of this company was SlO,O0O.
has I"s e S AST fo q y SG 'S3o S .SS6' gT Is G SsssqtnS
that among tho assets OF the Tradesmen's Bank
are more than 10000 shares Of the. Wool ES-
ehange, stock, and 10000 shares Of the New
York Wool Warehouse Company. Wool has
been q very slow sale for some time. especial
ly in this market. Boston having the prefer
ence for this business, and II il said that very
large advances have tsep made upon wool by
germs. and. thar q large amount of money was
borrowed from The bank for this purpose upon
collateral, These loans nre considered good
or fairly good. but with the wool market In fits
present ronditiop, will lie slow TO realize upon.
on July The bank published this statement
OF It's condition;