OCR Text |
Show THE KEAX rAILCKK. Th Aoaela Contlnwe I. Uraw Lena Every Day. Chicago, Dec. 22. Suits will be begun today by a number of other depositors In Kean's bank, who waut the amount or their deposits returned on the ground that trie? bank was insolvent when their deposits de-posits were made. At the present rate, If all tbe claims of persons who made deposits within thirty days before the suspension are allowed, tbey promise to eat up nearly all the assets of tbe other creditors. The assets continue to grow rs. It is now estimated that the bills receivable, scheduled at $270,0M, will not realize $100,000. An Investigation In-vestigation of tbe Innk's books straws, further, that Mrs. Culver's account U overdrawn $2300, and Morton Culver's account fW. Morton Culver appeared in court this morning and tt stilled that Mrs. Culvor had an Interest In th. bank to the amount of V,0W, and that, as far as he knew", there had never lieen a settlement of tbe partnership account, though he had endeavored to seeure one. Witness believed the business was profitable, but that Keatt conducted it in au extravagant extrava-gant manner, and could never l.e brought to make a statement of the condition of the bank till re- Culver testified that his wife's interest in-terest consisted of mortgages and notes, on which the bank was only able to realize STOW. Of these securities se-curities $25,000, In the shape of notes and mortgages, was given by a man named Hanchett, simply as accommodation japrr. Tlie fact turned out that Kean bad included these accommodation securities in liis eta'.-ment of assets to the commercial com-mercial agency. It appeared, according to the testimony tes-timony of Cashier Warne, that Kotn had renewed paper for over $1G,000, the only security being contracts. Tlie books also show that Kean discounted his own paper for $32,000 and his wife's for 510,-000. |