Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1899-04-14
FIELD MAKES REPORT.
Receiver Of Savings Bank Files
Report With Court,
No More Witnesses to Be Examined
BY Beef Investigators.
Destructive Floods in wyoming and Rail-
road Traffic suspended.
HoOP-iRoN TRUST FORMED.

Hop. Neill h. Field TO day illed his re
| port a. receiver OF the New Mexico Saw
ings bank ~ Trust company In the dis
trlct court.
"The report shows that from May Z.
| sgJ, 20 April Z. 1892, the Receiver ha
collected from debtors aud received from
sales uf property the SUN Of t56,lO1 -
aud by way OF interest and from rentals
OF property the sum OF S27 1903 %. max
ing q total OF SS3 ll.36. which sums be
bias disposed OF as follows: He has paid
20 deposilors and debenture b0ndhOlders
/ 62,7Ig 81, for attorneys fees Oncludinp
$IIg4l paid TO Childers II Dob I0n and
and Si570o paid TO Collins. Goodrich,
barrow and Vincent, Nr. Saints at
torneys, for services rendered to him
during his incumbencyl the sum OF 49,
III G6; for court costs, 81 324 80: ior
taxes, S3,02S 80; for miscellaneous ex-
penses, including Insurance. pre-
miums. commissions upon sales
of property, repairs. travelling
salary of the receiver, forty seven months
at $500 per month, $4,000, and there
was a loss OF 355 on Columbian coins
delivered by Mr. Saint to the
present receiver There remains In bank
Sl,32Ol7. The balance shown 10 be in
bank in excess OF this amount IL due to
the fact that checks issued and charged
In this statement have not been present
ed for payment.
There remains In the hands OF your
receiver uncollected claims amounting to
! fG7, ,9l7 "a, some OF which are In litiga.
/ ton and the remainder OF which are be
ing collected az rapidly as the interest OF
the trust will permit.
"There are claims reduced to judgment
and unsatisGed amounting To $l2,1l3l7;
stocks and bonds, book value, $6.9i0.l4,
and real estate, book value. $lp, lS0 40;
making total assets, book value,
*1OG.1Sl.I0; while there IL due
depositors S23, ,I2s 73 and debeDture
bondholders $l3,sS0 20, or total OF S37,.
00S 90. with interest. 30 that, IL the as.
sets realize 80 per cent Of their book
value. all creditors will be paid In full
principal and interest. IL properly
handled, these assets should, in the opin-
Ion OF your receiver, realizs much more
than so per cent, but II any attempt
were made to forcibly liquidste them, q
large proportion OF them would be wholly
lost to the trust"
The receiver states that he has made
five detailed reports of his doings TO tn,
court and that he has constantly com
municated TO the court all important
steps taken or contemplated by him, anC
the reason the reports have not beer
! placed upon the files OF the court for In
spection OF the public IL that they have
been of confidential character and thai
! the interests of the trust would be seri
ously prejudced II the names OF the
debtors, the amount OF their debts, etc.
we're ade known 10 the general public
or even 10 the certificate holders.
In reference to that part OF the peti
tiOn Of J. T. Schinick 1T al, asking thai
he he removed IA receiver, Mr.. FielC
says:
"Your receiver did not solicit The
original appointment TO this trust, ant
does not now desire nor ever has desired
to hold the receivership II, In the opinion
OF your honor, some other person can bet
ter protect the interest OF the creditors
but he protests that be has administered
the trust with an eye single TO the inter
ests of those creditors and with grayi
sense OF the responsibility resting upOI
him and that results establish the wis
dom of his course"
The receiver describes the system HI
adopted OF keeping the records OF hi
and office. and shows that IL would hay
been impossible for the funds Of the re-
ceiyership TO be used for the benefit o
the receiver or any other person withou
thu conniyance OF the officers Of the Firs
National bank, where the funds werl
kept. aud not one dollar Of such fund
has been 10 used OF diverted by your re
ceiyer.'
There are appended TO the report thre
statements OF the assets and liabilities o.
the bank, one when Mr.. Saint tool
charge, October ~. 1893: one at the tim,
the present receiver took char ge. May
1895, and one April Z, 1899
PROCEEDINGS IN COURT
The case of II. w. Hamm w. l.. B Put
ney. for 10000 damages, was not al
lowed 10 consume much OF the time o
the district court yesterday afternoon
A number OF witnesses we're examines
by the plaintiffs attorneys to prove tn
arrest and imprisonment OF Mr.. Hamm