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The Bank Examiner in Charge. ATLANTA, GA., February 23.-Bank Examiner Williams assumed charge of the Gate City National Bank, which suspended yesterday. The bank did notopen its doors. The latest developments put the defalcation of Assistant Cashier Redwine at $70,000. President Hallsays depositors will be paid in full and will probably get a first dividend in 30 days of 25 per cent. The bank owes depositors $80,000.
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Will Pay in Full. ATLANTA, GA., Feb. 23.-Bank Examiner Williams assumed charge of the Gate City National Bank which suspended yesterday. The bank did not open its doors. The latest developmonts put the amount of the defalcation of Assistant Cashier Redwine at $70,000. President Hall says depositors will be paid in full, and will probably get a first dividend in thirty days of 25 per cent. The bank owes depositors $800,000.
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No Receiver Needed. WASHINGTON, Feb. 27.-Comptroller Hepburn said this morning that as far as he was advised there would be no need of the appointment of a receiver for the Gate City National bank. of Atlanta, Ga. Bank Examiner Stone has gone to Atlanta to assist Examiner Campbell in straightening the affairs on the Gate City bank.
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No Receiver Will be Appointed. WASHINGTON, Feb. 26.-Comptroller Hepburn said this morning that as far as he was advised there would be no need of the appointment of a receiver for the Gate City National Bank of Atlanta, Ga. Bank Examiner Stone has gone to Atlanta to assist Examiner Campbell in straightening out the affairs of the Gate City bank.
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No Receiver for Atlanta's Broken Bank. WASHINGTON, Feb. 27.-Comptroller Hepburn said this morning that as far as he was advised there would be no need of the appointment of a receiver for the Gate City National Bank of Atlanta, Ga. Bank Examiner Store has gone to Atianta to assist Examiner Campbell in straightening out the & ffairs of the Gate City bank.
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HIS SHORTAGE $93,000. The Money Taken From the Gate City National Bank by Redwine. WASHINGTON March 1.-The Comptroller of the Currency is advised that the defalcation of Assistant Cashier Redwine, of the Gate City National Bank of Atlanta, Ga., will foot up $95,000 The bank will probably be reopened soon. and the necessity of putting it in the hands of a receiver avoided.
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Short $95,000. WASHINGTON, March 1.-The controller of the currency is advised that the defalcation of Assistant Cashier Redwine of the Gate City National Bank of Atlanta, Ga., will foot up $95,000. The bank will probably be reopened soon and the necessity of putting it in the hands of a receiver avoided,
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will Not Go Into a Receiver's Hands. WASHINGTON, March 1.-The - comptroller of currency is advised that the defalcation of Assistant Cashier Redwine, of the Gate City National Bank, of Atlanta, Gt, will foot up $95,000. The bank will probably be reopened soon and the necessity of putting it in the hands of a receiver is avoided.
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Redwine's Defalcation $93,000. WASHINGTON, March 2. - The comptroller of the currency is advised that the defaleation of Assistant Cashier Redwine, of the Gate City National bank of Atlanta, Ga., will foot up to $95,000. The bank will probably be reopened soon, and the necessity of putting it in the hands of a receiver avoided.
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Redwine Stole About $100,000. WASHINGTON, March 2.-The comptroller of the currency is advised that the defalcation of Assistant Cashier Redwine, of the Gate City National bank of Atlanta, Ga., will foot up $95,000. The bank will probably be reopened soon and the necessity of putting it in the hands of a receiver avoided
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Redwine Short $95,000. WASHINGTON, March 1.-The comptroller of the currency is advised that the defalcation of Cashier Redwine, of the Gate City National bank, of Atlanta, Ga., will foot up $95,000. The bank will probably be reopened soon and the necessity of putting it in the hands of a receiver avoided.
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$95,000 SHORT. Redwine, the Defaulting Cashier, Got Away with $95,000. WASHINGTON, March 1.-The comp troller of the currency is advised that the defalcation of Assistant Cashier Redwine, of the Gate City National bank, of Atlanta, Ga., will foot up $95,000 The bank will probably be re-opened soon and the necessity of putting it in the hands of a receiver avoided.
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THE PUBLIC DEBT. Abstract of the Monthly Financial Statement of the Treasury Department-A Net Increase In the Debt of $615,699.14 for the Month of February. WASHINGTON, March 2.-A slight increase of the net debt of the United States was the result of operations of the treasury department in February, as shown by the statement issued yesterday afternoon. The exact amount was $615,699.14, made up as follows: 600 oc Increase of interest-bearing debt. 8 Decrease of non-interest-learing 521.881 OC debt Decrease of cash in the treasury 11,136,980 11 The balances of the several classes of debt at the close of business February 25 were: $585,031,260 00 Interest-bearing debt Debt on which interest has ceased 2.235.350 26 since maturity 375.912.887 Debt bearing no interest $963,125,723 90 Total There was in the treasury at the same time a total of $764,332,266.78 in cash. The gold was $257,677,947.91. against $228,827,532.53 at the close of the previous month; paper. $58,547.273.34, which was $60,037,805.28 the month previous, and $15,681,303.45 deposits in national. bank depositories, etc., a decrease of $294,307.23. Against this volume of cash there were outstanding $601,828,346 coin and currency certificates and treasury notes and $38,365,832.90 miscellaneous liabilities, such as national bank note redemption fund, disbursing officers' balances, etc., leaving a cash balance on hand including the $100,000,000 legal tender gold reserve, of $124,128,087.88. This was $1,126,890.14 less than at the close of the previous month. Receipts for the month were $30,009.892.23, divided among the following sources, as stated: Customs $ 16.936.395 29 11.316.832 11 Internal revenue 311,570.00 National bank deposit fund Miscellaueons 11,444,914 81 The expenditures amounted to $31,677.454, as follows: Pension 8 13,494,663.20 811,181 01 Redemption national bank notes Interest 322.224.01 17.019.385 70 Ordinary In February, 1892, the receipts were $30,755,904.57, and expenditures $27,482,059.13. A Flurry Among the Eastern Banks. WASHINGTON, March -The comptroller of the currency is advised that the defalcation of Assistant Cashier Redwine, of the Gate City national bank, of Atlanta, Ga., will foot up $95,000. The bank will probably be reopened soon and the necessity of putting it in the hands of a receiver avoided.
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Investigation of the Atlantic Bank Defalcation Suddenly Ended. The Matter Was All Ready to Lay Before the Grand Jury, When Attorney General Olney Wired to Suspend Action. Forgeries of the Whisky Certificate Made in a Bunglesome Manner. ATLANTA, Ga., March 29.-The following sensational story is printed here this afternoon: The investigation of the Gate City bank defalcation by the United States grand jury has been brought to a sudden stop. Day and night for some time past United States District Attorney Darnell and Capt. Henry Jackson have done herculean service in pushing this investigation; they have literally gone to the bottom of things. Mr. Parnell announced yesterday in court that today very important matters would be laid before the grand jury, and while it was not stated that they were connected with the Gate City bank affairs, the public were anxious to know what action the grand jury would take this morning. It is a fact that the matter which the grand jury was to have handled today was the Gate City bank case. A number of new bills against citizens of Atlanta, charging them with violating the law in connection with the failure of the Gate City bank had been elaborately drawn and witnesses were at hand. All were ready to go on with the investigation. sensational developments were expected, but the investigation was summarily stopped, AttorneyGeneral Onney wiring from Washington to suspend action until further notice, and this morning in the United States court, the grand jury, which was ready to take in hand these new and most important bills against others than Redwine, was dismissed until April 10.
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UNLOCKING THE FUNDS. Money in the Gate City Bank to Be Train ferred. ATLANTA. GA., April - The money locked up in the vaults of the Gate City Bank will be returned back into circulation today. Mr. Stone. examiner in charge, was directed by the controller of currency yesterday to transfer the funds in the bank to Atlanta National Bank. The work of counting the funds and removing the funds will begin this morning. This is not a usual proceeding. but to meet general desire to have the money unlocked the controller took this step. Depositors do not get their money yet, but the $200,000 or more in actual cash now in the Gate City Bank will be in another national bank. which can loan it out and relieve financial stringency. It has been decided also to liquidate. The bank will not go into the hands of a receiver if present plans can be carried out, and there is every rea-on to believe that they can be. Bank Examiner Stone thinks the bank will soon have enough money in hand to open its doors and pay all depositors as fast as they come up. He will not open the doors until there is a dollar on hand for every dollar that is owed. The bank has now on band about $320.000 in cash and cash assets. When the bank closed on the night of February 22 it had in the vaults about e38,000 in cash and $4,000 in checks. Mr. Stone says he thinks the inconvenience caused by. locking up the bank's money has been over estimated. but he deemed it the wise thing to have a transfer made of the money to another bank where it will be available for regular banking purposes, and so recommend it to the controller. Since the bank closed maturing paper has been collected very promptly considering that it is a suspended bank. Some debtors have not been prompt, but they are good and money will be obtained. Mr. Stone states that paper which the Gate City Bank was carrying was of high class as a rule and there will be very little of it that cannot be collected. Every depositor will get dollar for dollar and stockholders will get par or very near for their stock. Reorganization in the sense of reopening the bank has been given up.
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THE MONEY UNLOCKED. Funds in the Gate City Bank Put in Circulation. ATLANTA, GA., April 7.-The money locked up in the vaults of the Gate City Bank was turned back into circulation to-day. Mr. Stone, the examiner in charge, was directed by Comptroller of Currency yesterday to transfer the funds in the bank to the Atlanta National Bank. The work of counting the funds and removing the fund began this morning. This is not the usual proceeding, but to meet the general desire to have the money unlocked the Comptroller took this step. The depositors do not get their money yet, but the $200,000 or more in actual cash row in the Gate City Bank will be in another National bank, which can loan it out and relieve the financial stringency. It has been decided also to liquidate. The bank will not go into the hands of a receiver if the present plans can be carried out, and there is every reason to believe they can be. Bank Examiner Stone thinks the bank will soon have enough money in hand to open its doors and pay all the depositors as fast as they come up. He will not open the doors until there is a dollar on hand for every dollar that is owed. The bank has now on hand about $320,000 in cash and the cash assets, When the bank closed on the night of February 22d, it had in the vaults about $38,000 in cash and $4,000 in checks. Mr. Stone says he thinks the inconvenience caused by locking up the bank's money has been over estimated, but he deemed it a wise thing to have a transfer made of the money to another bank, where it will be availabe for regular banking purposes, and so recommended to the Comptroller. Since the bank closed the maturing paper has been collected very promptly, considering that it is a suspended bank. Some debtors have not been prompt, but they are good, and the money will be obtained. Mr. Stone states that the paper which the Gate City Bank was carrying was of a high class as a rule, and there will 'be very little of it that cannot be collected. Every depositor will get dollar for dollar, and the stockholders will get par or very near for their stock. Reorganization in the sense of reopening the bank has been given up
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The Gate City Bank, of Atlanta, Ga., which was placed in the hands of a receiver by the comptroller of the currency about two months ago, closed up its affairs Monday, paying in full about $500,000 due the depositors.
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Depositors Being Paid. (By telegraph to the Dispatch. ATLANTA. GA., June 29.-At 9 o'clock this morning the Gate City National Bank began paying off its depositors. There was a stoady stream of depositors all day. and about $160,000 was paid out. The deposits withdrawn were all small ones. the larger depositors holding off until after the rush. The payment of this money IS having au excellent effect on business.
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Paying Gate City Bank Depositors. Atlanta, Ga., June 29.-At 9 o'clock this morning the Gate City natioal bank began paying off its depositors. There was a steady stream of depositors all day and about $160,000 paid out. The deposits withdrawn were all small ones, the larger depositors holding off until after the rush. The payment of this money is having an excellent effect on business.
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Paying Off Depositors. ATLANTA, GA., June 29.-At 9 o'clock this morning the Gate City National Bank began paying off its depositors. Ther was a steady stream of depositors all day, and about one hundred and sixty thousand dollars was paid out. The deposits withdrawn were all small ones, larger dpositors holding off until after the rush. The payment of this money is having an excellent effect on business.