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$442,831.62 $255,946.07 SUMMARY OF LIABILITIES. $86,748.98 Individual deposits Certificates of deposit-demand 66,406.19 171,959.38 Certificates of deposit-time 3,872.29 Due county banks Certified checks outstand1,671.00 ing 14.00 Dividends unpaid Assessment account 2,275.00 8.39 Accounts payable 296.64 Balance account Labor account 245.83 Re-discounts 3,500.00 $386,997.70 On Thursday afternoon Assignee Hubachek filed with the clerk of the court the statement of assets and liabilities of the Irish American Bank. The showing that this report makes is not as bad as it was expected to be. It has been common talk on the streets that the liabilities would exceed $550,000, while the report of the assignee makes the amount $337,000, a difference in favor of the creditors of $213,000. The face value of the assets is $442,000, but these when scaled down to an actual cash value foot up $255,946.07, leaving an actual shortage of $82,000 in the amount necessary to pay the bank's liabilities in full at the present time Mr. Hubachek will endeavor to realize in the shortest time possible as much as possible on the assets as set forth and believes that very favorable results can be obtained. After collecting in all that can be secured from those owing the bank, the stockholders will be called upon to pay up the amounts they are liable for according to law. In the summary of assets It will be noticed that the face value of bills receivable is $218,000. This amount, which consists mainly of notes due the bank has been cut down to an actual cash value of $63,000, showing an apparent loss of $155,000 since the bank commenced business, presumably caused by a number of bad loans at different times, while it is possible that of this amount something may yet be realized, it is evident that the assignee is not over confident in that direction. Another large item of the assets is the $156,000 in notes given to the American Building and Loan Association as security on loans made by the bank from that institution. As this amount is scaled down but $12,000 to make the cash value it is very evident that the American Building and Loan Association amply secured itself for the amount of cash it furnished the bank. The Building and Loan Association being now in the hands of a receiver, W. D. Hale, that gentleman has been made defendant in a suit brought by Asisgnee Hubachek for the recovery of these securities, and with every hope of success. If these securities are returnable to the bank where they properly belong it is thought that before the end is reached the creditors will stand a good show of being paid almost in full. In view of the charges that have been made by a number of the creditors of the bank, a detailed examination of the scedules is interesting. The first list of assets includes the notes and bills in the bank. Thomas E. Bishop has several notes there amounting to $5,008.79. These are secured by 23 shares of IrishAmerican bank stock. Alden J. Blethen and Rose A. Blethen have notes of $426 29. $47. 80 and $95.60. These are secured by note of William B. Murray for $2,000, dated March 14. upon which $1,566.06 has been paid; also life insurance policies. @ Other notes are given by the Penny Press Publishing Company, by Peter Sutherland and A. J. Blethen, to the amount of $15,000. The actual value of these is placed at $5,000 in the schedule. They are secured by bonds 1 to 60 of the Penny Press Company, claimed to be worth $30,000, and by policy number D. 54,690, Fidelity Mutual Life Company, and No. 63,906 Massachusetts Benefit Life. Among the notes left with the American Savings and Loan Association is one for $15,000 given by George S. Canfield, city editor of the Penny Press. This is secured by mortgage of $15,000 on town and city lots. The taxes for the last four years on this property amount to $1,228.07. One note of James H. Bishop is for $2,764. The bank also holds notes given by J. R. Corrigan and Alice Corrigan for $7,940, secured by life insurance policies. Other notes amounting to .430.52 are given by the Minneapolis Envelope Company, by J. H. B,shop, president, the valne of which is stated at $3,500. Other interesting notes are those given by Matt Walsh and the Matt Walsh Wine Company. amounting in all to $24,165. They are secured by trust deed to J. H. Bishop, trustee. The personal liability of Matt Walsh and the wine company has been released. Edward Walsh has notes there for $13,330, secured by 150 shares in the Matt Walsh Wine Company. The list of notes held by the bank is too lengthy to publish, but the following are some of the larger credits which the bank has: John Allison $55.07 Dr. John P. Barber 5,000.00 Π». C. Bausman 57.80 Morris J. Hartinet 45.23 L. 0. Leonard 17.50 A. J. Boardman 1,025.00 F. H. Boardman 3,097.00 1,367.00 W M. Brackett W. M. and Emily Brackett 616.00 400.00 The Builder Publishing Company Clark Dickinson Furniture Com8,000.00 pany D. C. Cole 2,500.00 B. Cloutier and Ellen Cloutier 1,300.00 1.435.00 F.E. Crary C.W. Darling 1,233.00 Diamond Lithographing Com-