New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-28
NEW,JE.RSEY ITEMS.

ARREST OF THE president OF THE MARINE bAAh
OF HoBoKEs, CHARGED WITH, EMBELzLEAEsr'-
The Marine Bank Of Hoboken has had brlef exist
ence. The doors were thrown open for business Oh
the llth of this month and closed on Tuesday,
with the arrest Of Mr.. Louis NJ. Van Eeten, the
President, on a charge of embezzlement and swirl
ding The origin and history of this banking insttu'
ton as nearly as our reporter could learn is briefly IS
follows: During the month of November last Mr. Louis
H. Van Eeten formerly Of the firm OF Van Eeten Bros'
merchants doing business at No. 3 Bowling Green
New.York) came to Hoboken aud represented 10 o
number of gentlemen there that he had considerable
amount of unemployed capital which he would IKE 70
invest in the establishment OF bank IN that cLy ii1
proposed to work the institution under the uene,o'
Banking law of New-Jersey, which requires the ee
post of securities with the State Treasurer tor the fu
amount of the issue; and, to give the 6ank iocai
character he offered to give parties IN HoDoKen anu
NewYork interest in il by selling them quanrhtt
of stock and taking their notes tor the sane' In
offer seemed so liberal and safe that 1t was accePteu
by several of the gentlemen, who at the time thoasns
Themselves exceedingly fortunate to be able IN neso
hard times, to purchase al interest IN banking luz
pees upon such favorable terms Mr.. Van E1tep asn
ing only to be made President. The amount "
having been liked at 800 000 the officers were eecteo
the stock was issued and notes taken tor tae san'
Mr.. Van Eeten proceeded to rent and ut up tne
ing building upon the corner of Washington anu
streets at bis own individual expense, and
that he had sent securities to the state
the amount Of s3 OOO and that the bills Ior
would be on hand in few days. The banh Vuiiia"3
finally completed, and although the oi.' 10.
yet arrived from the State Treasurer, upon tho
ed assurances Of President Van Eeten that ue! 49,
be along in a day or two, the Directors were Puis.
ded to open the bank for business ON the iltn nS.'
and through the influence OF some OF the friendS ~
siderable sums OF money were AT once ae . al
counter One day followed another without ,ns a'i V
of the promised bills for circulation, ana MI.
Eetsn falling to satisfactorily account Tor tne ue
suspicious were excited in the mnds VI
j. Harvey Lyons, the Notary, ana NJ ~.
venor Clark. the Cashier, that al was no' r ra.'
Mr.. Lyons, TO satisfy himself, teegrspneu ia,os;,aa
ton 10 ascertain if any securities had oo ,b, ,has
with the State Treasurer, and was ah sM.; Ths;
had no official knowledge Of the instnaIu 80 LII
suspicons being thus far confirmed mes' e., nnaa.
CIaIk next instituted examination ~ ~. -. 49,
aid funds Of the Bank, which resulted ~ 80 ,n.,
a deficit Of $3.50 81. Tbs convinced ~ in tu"
swndle was designed, and that they nAu - y.
consciously been made party to II. ~ ;naDJ;
that it. should proceed no further, sno 'ney '.al
aely made the pecessary afidavts oe'o.a ~, -
Crane and n warrant was Issued upon ""Ih au
Feten wa. arrested on Tuesday aiternoon. nc ~
taken before Justice Crane and, IN deisGA u 'i''"
bonds. was committed. He SURRENDERED zoe Ho'Ss
which be had received for the bank stSA 9, 900
which were in the Bank, amounting 70 r9't s','gV
have been deposit ID IN the City BANK q. ="
the benefit Of the depO-ors This amount = mo- SUI
fcisnt b. SEVERAL hundre1 dollars, 10 pay o' nc '"po
tcrs but IL "a pnd rs'oOd that the r-inr y ~ w"
drawn into this financial operation VII M""e 'P INC
u felt rom their priv ATE pJeks.s'