The New York herald., 1867-03-03
BANK TROUBLES. OEfALCarIoNs auo FRAUDS,


l FIRST NATIONAL bank OF Hudson. N. ".
HUDSON, n. r., March q 1857
The First National Bank Of this city closed 10.
day for examination Of accounts being alleged .hss
Peter s wynkoop, tho cashier, Is dsfausr to large
amount The directors Of the bank investigating the
matter and will report the amount Of deficiency
ascsained. The cashier makes clean breast OF Il.
and Acknowledges that he has lost heavily by specuA-
tions in fancy stocks
The following notice posted the doors Of the
bank to-day
The board Of directors Of tho First National Bank se
Hudson panied 70 inform the public that owing -
known defalcations Of the cashier Of that institution
they are compelled % close is doors until fulI sE-
animation OF It's condition can be made N0twithstAnd
ing the frank confession OF the late cashier 1t v impes
sibs at this monent from the absence Of proper data
is the actual amount Of the dsfalcaiions but frsn
present Appearances they thought be such -
have every confidence in assuring deposors that they
are amply secured Bill holders, Of course have
believed 70 be untouched. Every means in the
power Of the board will be used 70 relieve depositon
from their unfortunate situations At the earliest
ment statement Of the afairs Of the bank viii b
made. J. w. FAIRFIELD, Presidenk
investigation into the Affairs Of the bank shows a
embezzlement Of about $4,000. further sxamiaa-
ton will doubtless increase the amount Hasbrouck,
the defau.ing cashier, taken into custody this
evening at the instance Of the president OF tho bank
and lodged in jail
power 70 increase TO half million Its notes ~
deemed at the Ninth National Bank Of New York city.
cses -.ia---..z- A;sgs-a--ss..sisi. .:s,,ss
First National Bank Of Newton, Mas.
:. Bosros, March 2, 1857
There is great trouble in financial circles here 3.
Porter Dyer J the cashier Of the First National Bank of
Newton Mass, short $ll0 600 The President Of thu
bank gave notice that the cashier came 10 Boston
heard or
ry,.
II has authority to increase its stock $500 oOO
redeems in New York at the National Park Bank
Swindlins tho Dollar Savings Bank Of Pftfs.
burg, Pa.
Relative TO the embezzlement Of some 81. 900
mtted by A. v. H. Elder, general bookkeeper Of tho
Dollar Savings Bank At Ptsburg, the Post OF that cay
has the following
The occasion OF the discovery OF the fraud -
folows-A gentleman, whose name forbear making
public, received small patrmony, amounting 70 soms
$7OO which he deposited the Dollar Savings Bank for
safe keeping. The correctly entered upon the
depostors bankbook but upon the credit book in tho
bank IL set down 5000. the bookkeeper pooketng
the other $500 In short time the deposor wished e
check for 5000 whereupon the teller asked him u
he would not have his account balanced Ho replied
$500 On deposit, when he was requested to leave hs
book for settlement This done. Tho discrepancy
was discovered ana suspicion aroused Ine d,recson
counts settled, in which similar errors were found -
exists thorough investigation took place, and deficits
70 the above amount were found.
state Bank Of Observation-Disclosures Half .
Million Dollars Involved.
BOSTON, March 3 1867.
There considerable excitement in State street this
morning occasioned by the development OF the ire
gularities in transactions OF the cashier OF the
State Bank in regard cercation Of checks good"
bearing the name Of Melen, Ward Co., brokers. who
suspended payment yesterday These checks were pre-
sented at the Clearing House at the morning settemene
by the banks holding the and were thrown
out by the State Bank, which certihcations were
made The directors Of the institution declare that they
entered into agreed to any arrangement made
with the city banks for the certihcaton Of checks
and such action Of their cashier wholly unauthor-
lied by them. The involved in these transactions
is upwards OF half million dollars Other parties be-
sides those mentioned also implicated in these dim.
culties.