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SPECULATION DID IT What Caused the Collapse of the Maverick Bank. FUNDS USED TO BACK DEALS. The Comptroller of the Currency Said to Have Known the Facts. The Run on the Five-cent Savings Bank Continuing-President Beal Not Yet Ap. pointed Receiver of the Maverick, Through the Opposition of Hyde and Potter-The Banks Favor Mr. Beal. BOSTON, Nov. 5.-The facts regarding the loans of the Maverick Bank have been in possession of the Comptroller of the Currency since last January, and it is now intimated that another Comptroller is likely to be appointed before long. The general loan account outside of the $2,400,000 due from directors and the Evans losses is good, and shows good judgment and careful banking. The directors' loans have still consi derable collateral behind them. Speculation is the one word that explains all-speculation in stocks and grain, with the Maverick Bank funds backing the deals. The first great speculation of the Maverick Bank was by Messrs. French and Potter in New York & New England. It was successful from a pecuniary point of view, but in that success lay concealed the ultimate ruin of the bank. In the New York & New England mystery deal the bauk's funds were used to a startling degree, and the system of operations then begun culminated in the ruin of the bank and its directors. Although the Maverick has been known as a speculative bank, no one outside of Mr. Evans and the bank directors could have imagined the extent of the speculations. It is now not to be wondered at that when the death of Irving A. Evans was announced that President Potter, in the directors' room, should have physically collapsed, but it is a wonder, in the light of present revelations, that he should for so many days have patched up affairs and stemmed the current. The run on the Five-Cent Savings Bank continues. The banking-room is crowded, mostly with women. Policemen are guarding the entrance and endeavoring to keep the growing crowd moving. The assigners of the firm of Irving A. Evans & Co., as yet have not secured a majority of the creditors upon the assignment papers. The difficulty seems to be the unwillingness of the creditors to have their names made public. It is believed, however, that a majority will ultimately sign. T. P. Beal, President of the Second National Bank, had not received his ap. pointment as receiver of the Maverick Bank up to last night. It is thought the papers are withheld at the instance of Messrs Hyde aud Potter, who object to the appointment. The appointment of Mr. Beal would likely lead to the distribution of $2,000,000 in the Maverick's vaults among the National banks. It is understood the banks favor Mr. Beal's appointment, and would not care to act under agreement to relieve depositors of the Maverick unless a thorough banking man, who had their fullest confidence was put in charge. Jonas H. French, the Maverick Bank director, has been unable to obtain satisfactory bonds, and he will have to remain in the custody of a United States Deputy Marshal. Both of the bondsmen offered were rejected by Commissioner Hallett.
