The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-05

from the New Haven Journal, Feb. :.
The defacatQo OF John w. seymour created profcund
sensation ia Hreord-the more especially as n s emily
few weeks since another bank officer there Uncovered
to be heavy defauter That matter was hucd up; the
person referred TO resigned and the papers merely
nounced the appointment Of his successor Under these
circumstances the shock could not Hh 10 produce
s snS Trustworthy. he other institutions with which Mr.
Seymour connected felt necessary TO ou|with
statements assuring the public tt they had suffered no
loss and stockholders and depo-ors began 10 sk them
selves II their money sccure from official rasoalty
In speaking OF Mr.. Seymour, the Courdm OF yesterday
Gays the County Banking Association had been for months
II not years left almos; uolely 10 Mr. Seymours charge
We understand that nobody more surprised at Sey
mour departure thsn te officers Of the very institution
the doubt the officers and directors n that nsttu
ton had done their whole duty, habuay and systemat
cay, and in good time, the late Secretary would be at
this day man Or unblemished character. He
married man, well educated, skiful lawyer and natu-
rally an honest upright and DOWNRIGHT man but The h.sy
sidcrs 10 head him on TO ruin. man In the
position he occupied is set up as mark for cunning
side lay their plans their traps at their leisure,
and ther wary lead their victims into their meehes We
pity the victim more than we have the heart 70 blame
him The real scoundrcs the men who on false pro
tcnces fosted of their worthless bubbles on man &C
cuetooied 10 deal only with truthful and honest men II
seyrrours traced back 70 the men they came
from the real rogues would In come cases be brought 70
light. Those who understand Seymours course most
thoroughly and best suited 70 trace effects TO causes
feel warm commsseraton fer the mental agony which
the deiautng Secretary told friend he had suffered Tor
months past
He ief Hartford at eight O'Clock on Saturday morning,
taking large trunk with him He did not leave, as the
press supposed Friday evening in time TO take the
Portland steamer be may have taken some steamer out
of New York on Saturday afternoon or evening.
There remains unpaid thirty eight cents on the dollar OF
the Savings Institution stock notes. there was ten dollars
the hundred paid and fifty two cents on the dollar
have been written of BY dividends The stockholders
generally Of the solid Kind and WI doubtless respond TO
calls, SO that Il hoped depcstors will no. lose heavily
Inv and time needed before man
what position Of the institution By Mr. Sey nour y
statement II is probable that the stockholders will
lose all their capital.
The Hartford inns Of the 81 inst, says
II appears that Mr.. Seymour collected cash on
notes. without making any entries upon the books 10 the
amount oi ABOUT ssovo
Rank stock and other securities ............ $500
HIS own notes. collacrals abstractd. ........ 1900
His bond, well secured, s.....,............. 10000
deficiency .siOs 500
The INVESTIGATION 80 FAR, has developed these facts All
Of the securities have rot yet been examined but may
vet appear that OF them have ben changed. The
stock Of course has bctn swept away by the direct
robbcrcs OF Mr. Seymour The stock notes - per cent
ua,, Of Mr. seymcurs lie sssree shall fall We presurpe
however that the endorsements these viii save them
Samuel Colt Esq has been appointed secretary pro ev
and committee OF the directors has been appointed 70 a..
certain the precise condition q Affairs The committees
comprises the following nanes-Thomas Belknap Elisha
70 s,csrsr bc true state Of things ina, The institution
must be wound IN without delay there can be no doubt
The piundercr has killed w. lst The most prompt and
efficient steps will he TAX 20 secure the interest OF the
depesitors The result Ia quito apparent, must be
that they will loee something But trust thai the loss
will NOT exceed % per Of their deposits and We hope
that " may be less thar that.
Mr.. Seymuuris books make fair chow, Of course lie
mauaged that On the face d them Jan !, 1883, II APP
pears follows ....
Assets. .'s.sssss
Deposits. oosoVo
fNcces az aseets.
But the trouble lies in the pupder, which n course dd
not appear the books and Me depreciation q secur
ties hand.