Salt Lake Tribune | 1901-07-13 | Page 1 | Perry Heath's Bank

1 PERRY HEATHS BANK Assessment of 100 Per Cent on the Stockholders Is Ordered Washington July Comptroller I Dawes race the preliminary report from the receiver of the Seventh National Na-tional bank of New York today The receiver states that his estimates off of-f the value of assets are of course only approximate He estimates the amount I whIch will be finally recovered for the I depositors from the assets including I stockholders awessmcnt at about SO oeni on the dollar The receiver states that his estimate of the value of the Marquandt collateral 1 col-lateral Is lesu than Is claimed by i the directors of the bank and it la possible < > n this account that the final collections collec-tions may be somewhat better than the Hcelvers estimate Comptroller Dawea stated today that all transactions connected with the advance ad-vance of cash to the bank Just prior to I UP failure are being carefully luvcstl gated by competent counsel and that all legal rights of the depositor will be protected In this connection Comptroller Dawcs ordered today an assessment of 100 per cent on the 500 000 capital stock of the bank The report of the receiver contains no reference to any of the Investigations I Investiga-tions now being made to the existence uf criminal Infractions of law All thc o matter arc under the charge of the Department of Justice c