New-York tribune., 1908-01-31
Continued from first page.

hanks observation-disclosures. .S504 800 81
Due SsH1s New York state building s-o-o
and loan 1aes2cia a9sociatpns @scs;.s :e 1872 50
cured BY pledge of part of OK ooo
peposts otherwise preferred If
any ....-.--....- .----..---t' SUI =s1 se2 "A
Amount payable not Included
any of the above heads viz: ..,- o,xo,
Bis Is ps5;a66an,sd pa5yabls ss$s 1906 ses % %
J-npaid dividends = u
Reserved taxes. 1884 10 or o.- On
fsa1ns House lna accounts net balance 2221
rot., sio845, ,sel Al
Estnated fGsaa accrued Interest paid
iabiIitv ........ ................... s1s,4i7 -
At the last preceding call, on Aug. %. 1907 the
loans and discounts returned as 80. l3S.9U,
cash on hand 81 552, 142. demand deposits ST.
516S11 and deposits due banks and trust COM
NAMES So 4772 252. The deposits shown by the
November. 1905, statement were S13o41 $40
CERTIFICATES RETIRED.
The cashier of the bank said yesterday that
the amount of Clearing HOUSE certificates is
sued TO it's account had been steadily reduced
since the date of the last statement
On January Il the stockholders reelected
the following board of directors: Hugh Kelly
nresidant. Nelson G. Ayres first vice-president;
Iudwig Nissen, vice-presdent; Ersklne Hewitt
vice-presiient: Charles J. Day, vice-president;
Charles K Beekman. Samuel Bettle, Eugene
Britten Stephen r. Halsey, Isidore Hernsheiiu'
c.orea r Keenev Richard 3. Kelly, Charles E.
Levy. William McCarroIl, Alexander Mcdonald
Arthur w. Preston and John C, Whitney.
Richard w Jones, jr,, who retired from the
presidency of the Oriental Bank seVerai "etAs
ago came to New York from Kansas CITY
where he was vice-presdent of the American
National Bank His retirement was commonly
understood to be the result OF the enlargement
that tbe Oriental Bank got into with the inter-
national Trust Company, one of the enterprises
of William Cow, now under INDICTMENT IN hiilsS
Ceuptv as q result of his connection Win lhe
Borough Bank
Mr. Homes also was a director of the Brooklyn
Rank another of the institutions that closed last
October The last edition of 1.-The directory ol
Directors has him director or the Ioiio"iis
;nstitutions; Brooklyn Bank, First National OF
Jamaica, Guardian Trust Company monroe
National Bank, Monroe. n Y; Texas Bank ana
r,,ct romnanv of Galveston, and United Hold
| ing Company.
| Hugh Kelly, the new president of the bahk'
has for many years been power IN the sugar
b,,siness He is president of Hugh heHy @ ~
| the Central Ansonia Sugar Company me AehLi9
Teresa Sugar Company and the ferVeAif 0es'
| con,,arx a trustee of the Emigrant Industrial
| Savings Bank, viee-president or the Ooc4'ahia
| Sugar Company, treasurer Of the Rooert Apple
| ron Company and director of the bnlted fruil
| Among
| a hard fighter when necessity Ter hghtihs aiiS8S'
| He has large sugar interests In tupa.
| ORIENTALs HISTORY.
| The Oriental Bank was founded in 1906 anu
| for many years carried prosperous business
| in the Bowery. 1t continued to haYe "h ef
| eventful career until it became merged with the
| reors-anized Seventh National Bank, under the
| stvla Of the Oriental Bank. It's headquarters
| were then transferred TO the Seventh Natohal >
| offices, at Broadway and John street. the ori-
| entails former Offices, at No. 122 BoWery, pelng
| maintained as the Bowery branch, Inc SeRehth
| Ward National began business in 1855 at NO o.
| East Broadway the Seventh Nafd hahh'
| Peter Cooper was one of its original stockhoid-
ers When it's state charter expired. in 1S6Z. the
| bank suspended active business, but kept its
| charter alive by redeeming it's notes every day
| at the Clearing House In the late bOs 1t took
! advantage of the national banking act and be-
| came a national bank, under the name of the
| Seventh National Bank,
| syndicate headed by Perry s. Heath, As
| sstant Postmaster General acquired control of
the bank in 1899 Other leading figures in the
| syndicate were MF Heaths brother. Fletcher S.
| Heath and William II. Kimball formerly Ma
| tionaI Bank Examiner in this city Mr. Kim
| ball was made vice-presdent of the institution
| by the new controlling interests, and little
| later was elected president. succeeding Colonel
| John McAnerney.
| On June ~, 1901, the Director of the Cur
| rency ordered the bank to close its doors for
| having failed To give him the required assur-
| ance that the loans of Henry Marquand & Co.
! would be taken UP and the money paid into the
| bank by the next night. AT the time of the
| failure L. II. Thomas was president OF the bank.
having succeeded William II. Kimball head
| of the institution only the day before the sus-
| pension Mr. Thomass father. the late General
| Samuel Thomas, was of the large stock
| holders. The bank was reorganized, and re-
| sumed business on November l., 1901, with
| Edwin Gould as president The capital had
| been increased to 81, 100000. On October Il.
1902 the capital was still further increased, to
| 81 510000 and it reported that the bank
| would be consolidated with the Mercantile
| National and Broadway National banks. These
| negotiations, however fell through and sub
| seauently the Seventh National was merged
| with the Oriental Bank.
| On February 3, 1908, MFR. Kimbail was f1nei
| So 600 by Judge Thomas in the United States
| Circuit Court for violation of the national
| banking law by overcertifcation for Marqutnd
| & CO. when he was president of the bank SEN
| tence was suspended in the case of C. L. Rose,
having teller. who also had pleaded guilty.
| AT o'clock this morning ten depesitors STOOD
| sh,verjpg I'm line outside the Oriental Bank that
| they might be at the head of the line Wnen the
| doors opened to-day.
| rc ,yrru t1FCyHEFDn n1JE