Evening star., 1901-10-12
RECEIVERS MAKE REPORT
STATEMENT 0Fg CONDITION OF
AMERICAN SAVINGS BANK.
Inventory Made Of Ph0perty Assets
Said to Consisf ofsNotes and
Furaitpte.

The first report of the. .rtsceivers appointed
to take charge of the affairs of the Ameri-
can Savings Bank was filed in the Office of
the clerk of the Supremea Court of the Dis
trirct of Columbia late Yesterday afternoon.
The report is in the nature of an inventory
Of all property found5by the receivers when
they took charge A statement showing
the condition of the various book accounts
OF the bank is now being prepared by ex-
pert accountants, but 1t will probably not
be completed for several months
The total assets of the bank, according
to the report filed yesterday, consists of
thirty promissory notes, aggregating ST.
ooolS and small amount of office furni-
ture. There was no money in the bank
when the receivers took charge.
Text of Report.
The report submitted to the court is as
follows:
The receivers, heretofore appointed,
herein report assets of defendant bank
which have come into their possession as
follows Bank charter, stock book and
records, one iron safe, one chair, one
table, one counter, one file case, one cor
poration seal, one check punch, iron wire
lattice work, partitions and doors, ac-
count book, letter book, letter files, check
books. deposit books, blanks and station
cry; thirty promissory notes, which may
be classified as follows: Fifteen notes over
que. $o,916.63; four time notes not due,
5963.1O; eleven demand notes, $37 ,SO3 10;
a note of bankrupt maker in Baltimore
Nd, $4,000; overdue notes in Philadelphia
for collection, $1,76O.19.
"A receipt of which the following is a
copy, is also found: Note 174S, October o.
James E. Padgett, Kate c. Evans and
r. P. Evans. $3.50; interest. $1.30; note 1747
John NJ Thomas, October 0, same in
dorsers, s225 interest $1.13; note 1854, R. A.
King, October 80, W. P NJ King, $13O;
note 1852, Harry King, October s, R. A.
King, S19l; note 16S3 r. A. King, October
8, Harry King, $191. Total, 1897.
Received above five notes as described
aggregating the sum of 1897.
WOLF & COHEN.
Attorneys.
"All these notes are unsecured. There
is one collateral note, but collateral is miss
ing Due defandant bank from Hanover
National Bank, New York city, $5.0T. Total,
$1,Oo5. IL. Receivers found no money in
the bank.
Fifty-five promissory notes, nearly all
overdue, were found in the bank and so
far as the receivers have been able to de-
termine are there for collection. Nearly
all are for small amounts.
Shares of Stock Outstanding.
THE stock book Of the bank shows that
800 shares of it's capital stock are outstand-
ing and issued to the following named per-
sons Shares are 800 each at par value:
William Oscar Roome, III; George T. Par
ker, 100; J. H. Mccormick, 100; N. T. Hal
Ter, 100; E. B. Stocking, 10; William P.
Lockwood, 5; Leverett B. Englesby, 5; M.
T. Davis 5; James H. Trimble, 1; Charles
N. Wake, 1. Certificates of all this stock,
amounting to 49s shares out of the 500
shares of it's capital stock, were found in
bank, George P. Robinson and William b.
Mathews, respectively, being credited en-
the books as the owners of the other two
shares"
The report is signed by Tracy L. Jeffords,
Conrad H, Syme Charles F. Carusi and
Alexander Wolf receivers.
The receivers have had copies of the iE-
ventory printed for distribution among per-
sons interested in the bank, who may desire
to know what the receivers have thus far
discovered. The next move will be to de-
termine what are the liabilities of the bank.
To do this it will be necessary to call in all
account books, and it is probable that when
this call is sent out a copy of the inventory
will be sent with It, 10 ascertain the exact
condition Of the bank it Is thought 1t will
be necessary to check up each deposit ac-
count. beginning with THE organization OF
the bank in 1897.