Monday, Aug. 10, 1931
Again, Bank of U. S.
Last week the long-tangled affairs of the late Bank of United States moved eleven bulky volumes closer to a settlement. The volumes were promulgated by New York State Superintendent of Banks Joseph A. Broderick, who stated therein which of the many creditors' claims against the bank he allowed and which he did not. Of a total $254,639,733.26 of claims and other accounts payable, only $131,002,495.16 were allowed. Bulk of the rejected category, however, consisted in $102,000,000 claims against the bank by the receiver for its three bankrupt affiliates. Superintendent Broderick plans to pay a first 30-c- on each dollar of the accepted claims within six weeks. Among claims accepted were the following:
Bernard K. Marcus (recently jailed president of the bank) . . . . $20,790.88
Saul Singer (recently jailed executive vice president) 8,853.48
William Fox 94,355.00
W. H. Harkness 8,210.50
The Salvation Army. . . . 220,276.17
Amtorg Trading Corp. . 33,533.54
Bertha Steuer* .45
*Wife of slick, shrewd Lawyer Max D. Steuer, who prosecuted the Bank of U. S. officials. She had an account of $54,117.45 in the bank. The day before the bank closed, she drew this out, but forgot the $.45. Widespread is the story that an official almost talked Mrs. Steuer out of withdrawing her account, that she telephoned her doubts to her husband, who replied: "Listen, Bertha, did you go to the bank to hear conversation or to get out your money?"
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