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REPORT BY THE RECEIVER.
Summary of the Assets and Liabilities of the Lloyds Bank. A Partial List of Securities Considered Worthless, Given. What the Receivers Find in the Lloyd's National Bank Assets. Estimates of Their Value and Property on Which Based. Hon. C. C. Johnson, receiver for Lloyds' National bank has forwarded hie report of the collections, disburse ments and the assets and liabilities of the institution, up to Dec. 31, to the comptroller of the currency. This has been done at the request of the comptroller and in compliance with law, and it is understood, that upon the receipt of the report, a dividend to the creditors will be paid from the comp troller's office. The report is an extensive and compli cated document, which has required a great deal of correct figuring, and has just been completed. A synopsis of its contents only is possible, as to print the entire report would take many columns of space. A condensed statement of the assets and liabilities of the bank, and some little information concerning the possible outcome for creditors and stockholders, is given ay follows: Bills receivable, on hand at the date of sus pension, amount to §270,375.17 other assets, including real estate, the .bank building and fixtures, hotel stock, insur ance received since the bank failed, etc., amount to $115,103.00, making the total assets S393,978.77. Since then there have been additional assets from rents, interest, etc., of $4,907.70, making a total of $398,886.53. The total liabilities at the date of the suspension of the institution were $269, 289.11. The claims proved against the bank amount to 8239,934.42 claims against the bank, and not yet proved ac cording to law. $14,114.29 liabilities can celled by offsets, $6,790.81 contingent liabilities discharged, $8,443.50 claims established, but not shown on tbe books, amount to $5,443.18. The total claims proved against the bank are $245,377.00. From the assets the receivers have col lected from all sources $34,212.53, at the date of tbe report. Tbe losses on notes known and charged off are $14,401.38. In the disposition of collections, the expenses since the 10th of July, in the payment of Examiners Thorne and Rose, Receivers Benton and JobBson, clerk hire, attorneys, protests and general expenses, foot up to the total of 95,437.52, so that there is a balance in the hands of the comptroller from the collections of the receivers, of $28,115.10 The amount of the dividend to be declared may be 12 per cent and may not exceed 10. As The Alert has already Btated, the assessment of one of the stockholders in Minneapolis and others, and the payment of $10,000 by D. McK LJoyd, may bring the dividend to a greater sum than ten per cent this, bow ever, lies with the comptroller. Tbe value of the real estate, bank tlx tures, etc., was placed at $33,000 which amount was taken from the valuation on the books of the bank. The total amount of hotel stock owned by the bank amounts to $49,000, out of a capitali zation of $100,000. It is upon the Glad stone hotel. Tbe assets of the bank while nominally large are. as is well known at this time, in reality a great deal less than their face value. The fol lowing ia a list of what may be termed worthless assets. They are known so to all who are familiar with valuations of property and liabilities of the individuals concerned They are: Jamestown Elect'o Light Co. .$ 10,158.81 O. H. Holt, note 11,728.96 Otto Gasal, note 10,000.00 David Russell, note 10,577.00 Highland Home Cemetery Co., (signed, A. Steinbacb) 2,441.45 E. E. Cuddeback 5,550.00 J. B. DeNault 10,724.42 Adam Walters 10,798.64 JohnS. Lloyd 2,335.65 Jas. M. Lloyd 10,000.00 Harry Lloyd 9,946.36 Lloyd Loan and Trust Co 464.99 Wm. M. Lloyd 10,000.00 Wm. M. Lloyd, overdraft— 12,027.42 Total $119,084.30 It will be seen from tbia list that tbe Lloyds, in their various combinations and impersonations, have gotten away with a very large amount of money. In fact, the entire list speaks volumes for tbe ease and success with which the offi cers of tbe bank have been able to use and finally deprive tbe depositors of their raoaey. It is also known that in addition to the above list of worthless assets there will be some $30,000 more, practically uncollectable, and how mucb more yet remains to be seen. The Capital baa from time to time stated that the Lloyd's bank will pay out 100 cents on the dollar. The state ment was known to be false when made, but tbe publio can doubtless understand the motive that actuates tbe Capital in ita continued misrepresentations. Such statements may possibly raise hopes in the minda of some persons that will-not be realized, and the disappointment can only be all the greater in the end. For this reason, and for the information of those interested, The Alert has taken from the records at the bank the follow ing figures, and estimates, regarding the probable amount of money that will be returned to depositors. The first report of the condition of the bank, made by Col. J. D. Benton, tem porary receiver, to the comptroller, places the collectable assets at §100,073.00, out of a total of $393,978.77. He reported liabilities at 8209,289.11, which have not decreased, but have increased, instead. The reporl. was made in October, and was taken from records of the bank at date of suspension. The per cent of dividend, this report indicates, is about 20 per cent. The present receiver in his report finds the assets, in all, including interest, rents. &c., accrued since the failure, to be $39S, 880.53, on their face value. His report of the liabilities makes the total $27-1,• 732.19, or a nominal difference between the face value of the assets and the lia bilities of $124,153.54. If the assets were all collectable there would be $124,153.54 over and above the liabilities and every depositor would be paid off in full. But the assets are made up of the following items: First. Notes, aggregating 6270,375.17, and of this amount Col. Benton estimat ed as good, $72,573.14. Second. Other assets, $115,103.00. These are composed of bank building on two lots, and old Metropolitan hotel and lots, taken by the Lloyd's National bank from the Lloyd's, bankers, at a valuation of $33,000, but in reality worth not toex ceed $20,000. Of this last amount the sum of $10,380.30 has been paid by insur ance loss on the Metropolitan building, leaving the bank building and lots worth $9,019.04. In this list of "other assets" is also included the Gladstone hotel stock to the amount of $49,000. The hotel stock is capitalized «it $100,000. The value of this $49,000 of stock to the bank is problematical, although it has been estimated at $20,000. Third. Claims against the Peoples National bank of Pittsburg, and other banks of $10,481.01. This is considered probably good, and so figured in with the exception of $299.82 which is con sidered doubtful. Fourth. Redemption fund of $1,125 (5 per cent of circulation) in the hands of the United States treasurer, which is good. Fifth. Cash and cash items, amount ing to $2,075.89, of which $900 is con sidered good. The bank carried as cash items, not charged on the books, several accounts paid, such as freight on cedar posts, accounts against Jno. S. Lloyd, and umber bills. Tbe cash found, aud coanty warrants make the sum $900. Sixth. Overdrafts. They amount to $19,421.70, of which $1,558.09 has been paid or offset, and $12,027.42 is William Lloyd's personal overdraft on which judgment has been obtained and a levy made on his property. The item of over drafts may therefore be considered worth $13,585.31. Of tbese assets, amounting to $115, 103.60, on their faoe value, the sum of $56,171.70 is therefore considered good. Seventh. Additional assets, consist ing of meat market accounts, interest, rents, suspense account (which is money collected on note left for collection which must be paid back) amount to $4,907.76, which are good, less the sus pense account, of $1,180.80 leaving a balance of $3,726.96. Tbe total assets of all kinds foot up to $398,886.53. And estimating the notes collectable at $75,000, the "other assets" as named above, as $56,171.70, the "additional assets," as $4,907.76, we have a total of $136,079.46. as good, with which to pay $274,732.29. But out of tbese assets :e to be figured the cost of collection, attorneys' fees, tbe receiver ship, and general expenses of closing the bank. The items of expense consist of everything charged to tbe expenoeac oount paid out by tbe bank, some of which comes back. Placing tbe expense of closing tbe bank at $10,000. A fair estimate of the dividend the bank will pay is not to exoeed 46 per cent, under the most favoring circumstances. Fifteen Killed in a Tog. ST. PAUL, Jan. 15.—(Special.)—A fatal rear end collision ooourred today on the Delaware Jk Lackawana railroad, near Hackensack Bridge, in which fifteen per sona were killed outright and twenty-five injured. A dense fog was the cause. OF STATE INTEREST. Better Seed Wheat Needed for Many Portions of North Dakota. A South Dakota Beaver Pas ture.—Express Package Complication. Bomberger's Hanging to be in Full View of All Spec tators. How Congressman Johnson Got to Congress.—How His Wife Helped. JAMESTOWN WEEKLY A TMT. VOL XVII JAMESTOWN, NORTH DAKOTA. THURSDAY JANUARY 18 1894 NO i" The board of railroad commissioners are in Minneapolis endeavoring to get the elevator companies to place pure seed wheat on the track at Minnesota points, at market price, so that farmers of this state can exchange their wheat for it and pay a small difference. It is expected that railroads will give a half rate back on tbe seed so exchanged. The portions of the state where smut has got in tbe grain to considerable extent, are grea'ly in need of pure seed. There is no begging scheme of any kind connect ed with the attempt of the commission ers to get improved seed, as some of the newspapers have inferred and stated. While absent the railroad commissioners will also endeavor to get consent of the Great Northern to construct a "Y" for transfer purposes between that com pany's track and the tracks of the North ern Pacific at Fargo. All tiansfers heretofore have been made at Moorhead, caiiEing great inconvenience to shippers. A peculiar case comes to light at Grand Harbor, says the Devils Lake Free Press. On December 5th last a Twin City bank shipped an express package to Morgridge & Merrick of that place. Merrick was sick at the time and Morgridge, receiving no notice from the express agent and not expecting a shipment of currency at that time, did not know of the package until the bank oalled for his receipt about December 20th. An investigation fol lowed and Morgridge confronted by the express agent with a receipt over wLat purports to be his own signature. He claims that he never signed the receipt and pever received the one thousand dollars, and the agent claims that be did sign tbe receipt and did get the money. Mr. Morgridge is in St. Paul to present his case to the express company officials. A similar case is reported from Minot, where Agent Kelly, of the Great North ern railroad, holds the receipt of W. J. Carroll for $1,200 which the latter claims he never received. Lindbloom & Co., Chicago grain men men say that, taking the government crop report as authority, 50,000,000 bushels of old wheat surplus have been exported. If consumption remains the same, the first of July will see the bot tom of grain bins throughout the coun try, when the seed reserves have been used. It is reported in the current sta tistics of tbe boards of trade that the acreage of winter wheat sown last fall was 20 per cent less than last year, in this country, and 18 per cent less in England. In the face of all these rea sons for higher prices, wheat speculators are selling short, bearing markets, and farmers are giving them material by selling the actual grain for 45 cents a bushel. The real reason of low prices is not in the quantity of wheat on hand, or the prospect for the next crop, but the inability of men to invest large sums in wheat for a rise, and the necessity of farmers selling what they have, to live. Sheriff McCune bos selected as the lo cality for the execution of Bomberger, Friday next, a small meadow near Cando. Tbe elevated ground surrounding the meadow will afford ample opportunity to all who desire to witness the execution, being of sufficient altitude to afford a good view above tbe top of the enoloeure. Tbe sheriff will ba sure that Bomberger will be there in ample time to fill bis ap pointment but Sbenff MoCune has de cided he will not allow him to be inter viewed, so that any confession or revel ation be may have to make will be made on the scaffold. The soaffold will be 20 feet high and the fenoe surrounding it 6 feet bigb. All can see the execution who wish to do so. Tbe murderer takes things ooolly, joking and laughing about the coming ordeal. There will shortly be a sale of the hay on school lands belonging to the state, in the six Red river counties, as well as in the couuties of Barnes, Ransom, Sar gent and La Mo re, while leases of culti vated lands running from one to five years will be offered soon, also, by tbe commissioner. Advertisements of the same will shortly appear in the news papers of the counties wherein the lands 1 are located. There is not enough hay on the unleaBed lands in Stutsman county to pay for tbe advertising of it. Tbe Chicago American-Canadian says: When Congressman Johnson of North Dakota received his first nomination he doubted whether he could accept it on account of the work to be done on bis 1,000-acre farm. Mrs. Johnson came te tbe rescue, assumed entire charge of tbe estate during tbe electioneering, feeding and watering tbe stock herself. When there was an extra session of congress last summer she directed tbe baying and tbe harvesting, cooked for all the farm bands, and cared for the live stock her self.. Mr. Johnson is a Canadian. Among the prominent victims of Grand Forks' epidemic is Archie Currie, Jr., deputy state auditor during Auditor Bray's terms of office, and his successor also in office. Mr. Currie was a whole souled, warm hearted man, a royal good fellow, whose untimely death will be greatly regretted by a large circle of friends throughout tbe state. He died Saturday last of tbe grip, and was buried today with Masonic honors. The North Dakota railroad commis sioners will hold a meeting in Minne op'i'i? 18tb inst., to arrange for pro curing, pure seed wheat for districts in tbe state where smut has been increas ing for several years. No outside assistance in getting seed will be asked for. The elevator men, it is said, will render assistance in the matter. Representative Johnson of this state, has introduced a resolution for the restoration of the national flag on the national capitol building. It has been customary to display a flag over the central portion of tbe building, but this has rot been done since the opening of the present session. Mandan will soon have an electric light plant in full operation. Teachers Making Proof. The office of the county superintend ent was tilled today with applicants for teachei's certificates, and the overflow, numbering some eighteen, found seats in the office of the clerk of court. The number of applicants is larger at this than at many previous examinations. Several high school pupils took the ex amination, not intending to apply for certificates. Those present from the city were Louisa Brastrup, Edith Atkinson, Elsie Gieseler. Lulu LaFollette, Clara Brad ley, Lulu and Ednell Fisher, Etta Bush. Lucia Merry, Vesta Moxon, Maude Wiedeman, Susie J. Smith, Ginevra A. and Effie M. Goodrich, Alice Ferritr Lulu Conklin, John and Edward Pur chase, Chet Hodge, Martha Ell, Alvina Joos. Mattie Leasure, Luella McIIarg, Mabel Taylor, Ada Goodrich and Anna Posey. Those from surrounding points are W. W. Whipple and Miss Mary Whipple, Spiritwood, and Queen Gott, Courtenay. The questions for examination cover a wide range and are searching and thor ough. Those devoted to "Current Events" relate to the Geary law, the Mid-Winter exposition, the Brazilian trouble, and the Gulf railroad project. Tbese are questions which, to answer correctly, require a good and understand ing knowledge of current events. The County Finances. Tbe detailed statement of collections and disbursements in Stutsman county during the quarter ending Dec. 30th is published in another portion of this issue. The report shows that the balance is on the right side of tbe ledger though $4,802 smaller than the balance reported at the end of the proceeding quarter and $8,660 smaller than that for the quarter ending June 30tb. This decrease is partially accounted for in the heavy ex penditures ordered during the quarter preceeding the last one for the mainte nance of bridges and highways. $5,875 being expended in this department alone. The last quarter has pulled considerably on the credit balance too, and except for an increase in the collections of about $9,000 in taxes over the preceeding quarter would have shown a much lees sum than it does. The expenses exceeded the revenues nearly $5,000, an excess, in a tike respect, of about $1,000 over tbe previous quarter. The city fund shows a credit balance of about $1,500 although the expendi tures were nearly $1,000 more than the collections during tbe same period. The amount of school funds in the different districts remains about the same as in tbe preceeding quarter. Miss May Gleaaon of Spiritwood, gives a party to a number of her young friends this evening. Eight couples of young folks left for Spiritwood this afternoon intending to return on tbe early morning train. The Northern Pacific railroad will put another thousand carloads of stone into the Missouri river to protect the river bank at Bismarck. LECTURED BY GRAND JURY. The City Held Responsible for Various and Sundry Things. More Indictments for Violators of the Prohibitory Law. Legal Relief Asked for.— An Unfortunate Matrimonial Alliance. Property in Shape of Malt Liq uors Ordered Destroyed by the Court. From Thursday's Daily. The grand jury completed their labors this afternoon and were discharged. In dictments were brought in against P. Moran, Chae. White and F. Delaire, and against Sallie Campbell. Mr. Moran ap peared and plead "not guilty." Bonds were fixed in the sum of $500. In the recommendations which the grand jury made occurred the following: It is of the opinion, from the evidence which has been introduced before tbe grand jury in relation to the violation of the laws regarding bawdy houses and the sale of liquors, that the officers of the city have it in their power to save the county considerable expense by tbe careful enforcement of the laws and by a moro careful supervision of the police force. It is of the opinion that tbe po lice force, which has been ample, has not been efficient in looking up and bringing to justice violators of the law. It is aiso their opinion that the license ordinance of the city is used as a cover for the sale of liquors and it is respect fully recommended that the license ordi nance be repealed by the city council. Thev recommended that the vault protecting the county records be made tire proof, if it is not so now, and that some arrangements be made so that female prisoners shall be kept in the county jail in comfortable quarters. No way exists at present of heating a room except the one occupied by the male prisoners. A large number of spectators were again interested in the Farley-Gainsforth case today. Attorneys Sanford and Baldwin distributed additional knowl edge. pro and con, concerning glanders, to the jury, stopping now and then to pay compliments to the clients of each other. The symptoms of the disease, bad sanitary conditions which might produce glanders, and several other points including the peculiar ventilation, or rather alleged lack of it, in the plain tiff's barn, were dilated upon to the ex ceeding interest of the "house" which at frequent intervals would acknowledge the remarks of the attorneys by audible smiles. A neighborhood quarrel, whether sat isfactorily decided according to law or not, where neighbor appears against neighbor, have in many cases lasting results of a very unpleasant character. The reluctant testimony given by friend against friend, opens a wide breech which time may only increase instead of bridging. This, it is hoped will not be the fact in this case. A great deal that was unpleasant was brought to light on both sides, and it was only after two days that the taking of testimony ceased. Today, the final pleadings were made and the case at last submitted to the jury for their decision. This afternoon Judge Baldwin argued for a continuance in the action entitled The State vs. Wintield Baldwin, on ac count of lack of important witnesses. Motion was denied and the case set for Monday. From Friday's Daily. The Spraggett-Hilton liquor case has occupied the attention of court all day. Attorney Baldwin made a motion this morning for a separate trial of the de fendants, but this was denied by Judge Rose and tbe trial begun at once. A number of witnesses pro and con were placed upon the stand. "Jack" Sprag gett, 71 years old, and "Bob" Hilton, his partner, were well defended by their attorney, Fredrus Baldwin. The argu ments of counsel wjre closed shortly before three o'clock, and the case left in the hands of the jurors. The jury in the Farley-Gainsforth case took tbe matter under advisement at 3:30 p. m. yesterday, and only after 20 hours of deliberation were they able to reach a decision. This was brought into court today shortly before noon. Tbe jury found for the defendant and against Farley, the plaintiff. Tbe case was ably conducted by the attorneys on both sides. Attorney Sanford, who hereto fore has but seldom appeared as a trial lawyer in court, was complimented upon his able plea before the jury and his con duct of the case throughout thetrinl. From Tuesday's Daily. As stated in The Alert last evening, the State, ex rel S. L. GlaBpell as states attorney, against Richard E. Giese, Hen ry Danner and Kate Danner, was tried. Fredrus Baldwin appeared as attorney for the defendants. By stipulation of attorneys for both parties, made in open court, judgment against Mr. Giese was adjudged and the action dismissed with out costs as to the defendants, Kate and Henry Danner. Costs to the amount of $51.15 were ordered against R. E. Giese. The intoxicating liquors found in the Danner brewery, consisting of 28 half barrels, Gl quarter barrels and 30 cases of beer, together with ten barrels of bottled beer, and one small box and one case, the contents of which are unknown, are ordered destroyed by tbe sheriff. The divorce case of Chauncey H. Alford against Mary E. Alford was taken up for consideration. The greater part the morning session was consumed in the reading and filing of depositions of different parties pertinent to the action. The complaint charges cruelty, desertion and etc., for which a legal separation is asked. The couple were married in February, 185!) or 1SG0, near Hamburg. Illinois, by a justice of the peace. Shortly after the marriage the plaintiff entered the army and served for three years. Headquarters were then made at St. Louis, Mo., where for eighteen years the plaintiff was employed in railroading. Los Angeles, CaL, was the next place of residence for several years, after 1892. The family difficulty originated over a pair of hunting dogs which, together with a litter of pups, the defendant in sisted in keeping in her sleeping apart ments, rendering sleeping practically impossible for the plaintiff. The latter A'as toid that if he did not like it he could go away. The defendant, the plaintiff stated, was irritable and sullen, and for weeks at a time would hardly speak and would not remain in the same room with him. Opprobious and pro fane epithets were frequently applied to the plaintiff by the defendant for trivial re'isons. At least a dozen times daring the year 1891, his wife threatened to kill him, and threatened to poison or kill him. Plaintiff was afraid to partake of dishes ualess first the defendant had also eaten of the same. The numerous difficulties of such a domestic life, which it seems had been endured for years, were entered into and the detaihu£E£ duced at length. The examination of the plaintiff occupied most of the court's time during the afternoon. The court room today wore a discon solate aud dejected air. The few stray spectators found little to interest them. The papers in a habeas corpus case, involving local parties, have been placed in the hands of Judge Rose, but are not yet made public. From Wednesday's D*llt. The Alford divorce case has occupied the attention of court all day. The at torney for the defense. Fredrus Baldwin, performed the arduous task o!" dis secting about 240 pages of type written depositions. The depositions are those of domestics and friends of Mrs. Alford, who at different times have lived with the defendant, a Mr. Frank Ruez, a •'mutual friend," Dr. Geo. R. Weeks of Los Angeles, (Jal.. and others too numerous to mention. Attorney Camp, who is managing the case for plaintiff, bad an engagement also with about 75 pages of type written depositions of Mrs. J. B. Hooper, an other "mutual friend Jennie Lambdin, Mrs. Amelia Hascall, a lady acquainted with Mrs. Alford: Dr. Geo. K. Weeks, aud a domestic, Ellen Anderson. The deposition of the latter stated that the defendant kept an old rusty hatchet on the floor near the head of her bed. and. when this article of furniture was re moved, told the girl to bring it back, as she was going to kill Alford with that "eld hatchet." The case, it is under stood, was tried once before, in 1891, but the legal separation not obtained. Mrs. Alford, in consideration of a certain amount of property or money, it is said, agreed not to fight the divorce proceed ings. but at the last moment appeared on the scene and successfully resisted. The tight over the case here would seem to indicate that the defendant has not ohanged her mind. Ponto has been having a tough time of it lately. He has again met tbe dog poisoner and come off first best after a hard battle with a dose of strychnine firmly lodged in his vitals. This is the third time Ponto's system has withstood these attacks of his enemies. He was set upon also last week by some 10 other canines at one and the same time, but a rugged constitution and a friendly rail road man helped him out of a dantrerous fix again, although tnere are several bare patches of skin on his neck which bear witness to the fray. Ponto bears a charmed life, and it seems is destined to live to the natural end of bis career in spite of many and great vicissitudes. l! '1' 51! Itl fl 11 if ft fi? Jl if $hr i-f* ill ft- ••to:?. 4 KT 'i ••-'it-i •if? v: :*V