New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-06-29
CONFER WITH CROMWELL.
EXAMINER WORKING ON THE BOOKS
MR.. TAPPEN SAYS OTHER INSTI-
p TUTIONs WILL NOT SUFFER.

A conference was held yesterday morning at
the office of William Nelson Cromwell. the spe-
cial attorney for the Seventh National Bank
between President Thomas of the Seventh Ma
tionai; W. H. Taylor. an officer of the Bowling
Green Trust Company. of which Edwin Gould
Is president, and Mr.. Cromwell No formal
statement was given out but Mr.. Cromwell said
later in the day that he was making an indie
pendent investigation of the banks affairs, and
that he would not be prepared TO speak with
authority as TO plan for readjustment until
the investigation was completed. Until the be-
ginning of this week. he said. he had not been
acquainted with the banks affairs.
Edward r. Thomas, who was made president
of the bank in place OF Mr.. Kimball. on Tues
day. had not been a stockholder or director, al
though his father had been director in the
hank Mr.. Thomas and Edwin Gould stood
ready 10 place more funds at the disposal Of the
bank on Wednesday and allow ii TO continue
business. Mr.. Cromwell said, but he had ad-
vised the suspension. in order that a plan in
volving fairness and Justice to all concerned
might be formulated.
President Thomas said yesterday that he was
not prepared to make any further statement
about the banks affairs, and would await the
result Of the investigation which he and Mr..
Cromwell making. Other men connected
with the bank were retcent. Mr.. Kimball. the
former president, who is still a director. de-
clined TO say anything to newspaper men.
There small crowd all day around the
locked doors Of the bank and several clerks
stationed in the vestibule occasionally opened
the outer door and told all inquirers after in
formation that could be seen in refer
ence to the business of the bank until after
Forrest Raynor, the National Bank Examiner,
and his force of clerks had completed their ex-
animation of the banks accounts
Many holders Of the banks paper were in
sstent in their endeavOrs to get information
but all were told that they would have to make
their inquiries by mail, or were referred to the
posted notices telling where the checks and
drafts Of various customers of the bank would
be hOnored.
EX-President Kimball was at work with the
National Bank Examiner. Mr. Raynor. who re-
fused to make any statement until he had COM
pleted his examination Of the banks books
George W. Adams, the cashier Of the bank
gave out the following card yesterday:
Messrs. Erskine Hewitt Hugh Kelly and Lorenzo
Semple retired as directors Of the Seventh National
Bank IN January last. and since that time have had
no ofhclal connection with the said bank This
statement is made by reason Of the publication in
various papers that the above named gentlemen
the Seventh National Bank
Except for the failure of Henry Marouand &.
Co. there was echo of the banks suspension
The Clearing House sheets of the various banks
IN the association went through as usual every
thing moving smoothly. Manager Sherer said
there was no suggestion Of further trouble and
ne had no reason TO believe there would be anv
FfeoerlcR ID Happen. president Of the Gallatin
National Bank said yesterday afternoon:
/ anticipate no trouble for other banks The
failure Of the Seventh National Bank was only
an incident believe that all other institutions