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AUBURN BANK DEVELOPMENTS. Liabilities Reach $169,000 Against $62,000 Available Assets. Special to the Indianapolis Journal. FORT WAYNE, Ind., May 14.-The latest advices from Auburn concerning the defunct bank situation are that the total liabilities, instead of being $121,000 as Receiver Leighty supposed after his first examination, will reach $169,000. Against this large sum the receiver may be able to realize about $62,000. Mrs. Elizabeth McClellan, widow of the founder of the bank, who supposed herself rich, has given up all her property and barely makes good her own obligations. The money taken from the bank's assets by Don M. Garwood and Dr. E. L. Siver for investment in their industrial ventures seems to have been finally lost, and the notes given by them to the bank are worthless. The offer of Charles McClellan to turn over property in Detroit worth $30,000 affords little hope of relief from that quarter, as the Michigan concern in which he invested the bank's money has no rating whatever in Dun's. There is intense feeling against the family in Auburn, particularly against the son and the sons-in-law, who speculated the resources of the bank out of existence.
