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THE BANK EXCITEMENT. NO MORE FAILURES YESTERDAY. RUN ON THE COMMONWEALTH-IT SOLVENCY A DEMONSTRATED-THE OCEAN BANK SUSPENSION-BANK EXAMINER CALLENDER'S CASE. Renewed distrust seized upon Wall-st., yesterday morning, and there was much excl tement until the afternoon, when, it having been satisfactorily demonstrated that the worst of the pressure had been felt, confidence was restored to a great degree. although there is still some uneasiness in the minds of the timid. No more banks have suspended payment, nor are there any indications that others will suspend. Early in the morning there was a run on the Bank of the Commonwealth at Pine and Nassau-sts., which lasted for several hours, in consequence of several of its checks having beengrefused by men who were frightened at groundless rumors in relation to it. One of the Commonwealth's officers declared that the rumor aross from the fact that the Ring tried to obtain control of the bank about a year ago, but signally failed in that attempt, The officers of the different Clearing-House banks testify to the soundness and excellent management of the Commonwealth, which has thus proved its ability to meet all demands. Appended is the official Clearing House indorsement ? NATIONAL BANK OF THE COMMONWEALTH NEW-YORK, Dec. 14, 1871. The undersigned have this afternoon, at the close of business, inade thorough examination of the affairs and condition of the National Bank of the Common wealt and find said bank to be perfect tly solvent. and have entire confidence in the ability of the bank to pay all of its liabilities. CHAR P. LEVERICH, ) Clearing-House Committee. F.D. TAPPEN, I P.C. CALHOUN, I.D. VERMILYE, Chairman of Clearing-House Association The Tenth National Bank, at Broadway and Leonardst., was not affected by the false rumors in relation to it, and continued business without any undue excitement. At the Ocean National Bank, corner of Broadway and Barclay-st., the clerks were busy arranging the affairs of the institution. Large numbers of interested persons visited the bank to ascertain the prospects for a large and speedy dividend. Theodore M. Davis, the receive said that the bank was not as badly crippled by the robbery in 1869 as had been represented. It has $326,209 85 of protested paper, on which about $50,000 has been paid. Between $50,000 and $60,000, he thinks. will be a loss to the bank; the remainder will probably be recovered. The rea: estate owned by the bank consists of the building formerly occupied by it at Dey and Greenwich-sts., Central Park lota, and a large tract of prairie land in Illinois, which cost the bank on an average about $10 an acre, and for which it was recently offered $15 an acre, an offer that was refused on the advice of the agent of the bank, who estimated its value at $30 an acre. In the published list of assets the value of this real estate was set down at the price paid for it. F. D. Tappen, President of the Gallati National Bank has been appointed by Controller Hulburd to examine fully into the relations of Mr. Callender, the bank exam iner, with the institution. Mr. Tappen has been select ed because of his integrity and ability to inform the public fully as to the past management of the bank. Mr. Davis had paid to Mr. Tappen yesterday $60,000 on account of the amount due to the Clearing House Association, thus tak lag up that part of hercollaterals The remaining $34.000 will be paid this morning. Mr. Davis assured the depositors that they would be paid in full; and also believ d that the stockholders would be able to recover a portion of their investments He further said that be was depositor only to the amount of $1,000, and was interested to the extent of about $1,400 in notes. making a total interest of about $3,000. In regard to his Iconnection with the bank, as counsel, be says that when the robbery took place Mr. E. L. Fancher, the regular counsel of the bank, was out of town, and he (Mr. Davi happening to be in the bank was retidued as counsel for the time, and continued to net for them in matters relating to the robbery. Since then his professional connection with the bank has coneisted in the fact that they have occasionally put claims in his hands for collection, as they have done with Reveral other lawyers. For the past year Mr. Fancher has been one of the directors of the bank, and its legal ad visor 80 far 88 it had any regular counsel Mr. Davis says that be is investigati ng Callender's with the bank, and will report to-day. As be had been charged with being concerned with Callender in Lake Portage Canal stock or bonds, he stated that he never was interested in that Company. A large meeting offidepositors of theROcean National Bank was held at noon,Eyesterday, in the building at the south-east corner of Church and Murray-sta. Consider ble feeling was manifesta and the conquet of the bank officers, as well as the appointment of Mr. Davis as RP. ceiver, were severely criticised by most of the speakers. J. Wandell was chosen Chairman, and Stephen A Walker Secretary. One of the speakers, Mr. Everett, said that he had the authority of the Clerring- House Committee for the assertion that spurious checks were counted as assets of the bank that among the protested paper was$100,000 worth belonging the to New York Print ing Company. He said that as the Lank failed for only $17,000, and as the Receiver showed the available assets to be more than $1,000,000, be :could not see why depositors were not paid. The Receiver who WAR a personal friend of the President' gave only $100,000 bonds to secure the honest handling of $2,000,000. John H. White counse ed moderation and cool action, as any imprudence on the part of the de positors now, might have most disastrous effect on to financial and face, and closed by offering the following resolution, which was adopted Resolved. That committee of five two of whom shall he the chairman secretary of this meeting, appointed the and with the Receiver, and that the analcation and pat make with bisconsent, an examination of the securities and condition of the Ocean Beak, and report to this body of depositors at a future meetThis was attended so as to increase the Committee to six. as follows: J Wandell, 8. A. Walker, Chas J. Everett, J. Martin, W H. H Childs. and C.J. Storra. The meet Inc then adjourned to meet at the Mechanics' Exchange, in Park place, m. on Monday. After the meeting Mr. Storra waited on Mr. Davis to know at what time he would receive the committee ap pointed by the dep store. Mr. Davis appointed 10 o'clock this morning, at the Ocean Hank. A reporter of a Newark journal called on Mr. Callender, who lives in Newark, and was that in September, when he certified that the bank was in Sourishing condition, it was all right. Its present diffcuity arises from falling off of deposits, as indebted. ness incurred within the last two months and . failure realise from securities which are not mediately to available. It was reported in Newark, last evening that deput shortf had for Mr. Callender at Trenton in relation to a claim for $49,000 held appear against him by the Merchants National Bank of that city, on a note which he had indorsed in common with Ave others. Hulbard. who ment a portion of yesterday Controller at the says that he has yet no Clearing the by Callender Mr. He do House ablest the and of one clares has and Bureen always his unqualified ap foots the when in regard ha abooks - to his notice. and that Callender is the now in each that will not be permitted to Mr. banks. city in stooms terms his of Callenexpresses der conduct The Controller also declaree he inability
