To the Editor of the "Nonri-Couxa Dany News"
Sin—With reference to the affairs of the American-Oriental Banking Corporation, the balance sheet dated December 31, 1994, shows cash in the bank of over $2,000,000. Was this cash actually counted by the auditors, Jand if 50, how much was covered by notes issued by the bank, viz: Amerlcan-Oriental banknotes?' The same balance sheet reads: "Cash on Hand and In Banks: $2,117,082.40." How much of this amount' was actually cash in hand at the American Oriental, and how much with other banks, and with what banks?
The recent statement issued by the liquidator, and published in your aper, shows just over $7,000 as cash fin hand at the time of publication of the liquidator's statement. Are to assume then, that the total amount deposited with the bank on May 23, was less than $7,000? Or, can we assume that during the period May 24" to. the. time. the bank premises were actually sealed by the U.S. Court for China, which T believe was three or four days after the bank closed its doors, that fund were withdrawn after the bank was closed to other depositors?
Again, referring to the December 1934 balance sheet, the first item, vi "Loans & Discounts $8,986,430.56." is not detailed. "Why? How much of this loan and discount item was to Raven interests? Where is the $32, 805.00, "shown as Cash Reserve Against Circulation? What has bap-pened to the amount shown as Surplus Account of $1,250,000.00, a well as the Undivided Profits of $407, As a creditor of the bank, writing op my own, Dehelt as, well as that many friends, may T request that the liquidator make a public. statement through the columns of your Paper, elucidating the points "and questions enumerated above, Shanghai, June 17.
Dexwis Mooxey-
Text read from the printed page and cleaned; old type leaves the occasional error.