The New York herald., 1871-12-28
CHARLES CALLENDER'S Checks
The Affairs Of the Ocean Bank-Examination OF
the Presidential Loose Way Of
Doing Business.

Commissioner osborne held an inquiry Yesterday
afternoon relative to the Calender case in the
directors room or the Ocean Bank, corner az Bar
clay street ana broadway. District Attorney Davij
attended TO watch the case In the interest or the
people, and Calender was ably represented by his
legal adviser, Mr.. Joseph Bell II was admitted by
both sides tnat certain cheeks mad been given in
evidence, and then Mr.. 9. W. Stevenson,
PRESIDENT ON THE OCEAN BANK,
was sworn by the Commissioner. He testified 10
having been an officer OF the bank since September
1866 was, in fact cashier Of 1t until abous year
ago, when no became its President. In.
reply to the interrogadons Of the Dis.
trict Attorney he stated that he knew
Charles Calender, who was q bank examiner In the
governmental employ. He was acquainted with
him both on account OF business transactions ana
also because he had examined tho accounts Of she
bank early IN October last. From the 2Jth Of Sep
tember to the 7th October 1871, Mr. Calender was
loaned the sum OF $4,000 by the bank. checks and
collateral security In bonds being given In OK,
change. According to the act respecting the
examination OF banking accounts the examiner has
to report to the Comptroller Of Currency In the
Treasury Department at Washington, and Ibis re-
port is
KEPT SECRET :,
though the Comptroller charges for every bank 81
examined. After Mr.. Calender rot through hN
examination OF the affairs OF The Ocean Bank, he
made statement 10 the Board or Directors, by
special request as to the state OF the banks aalrs
This was on the 4th or 5tn Of October, and the wit
ness did not know OF any other report. The STATE
ment made by MIR. CALENDER Is on record. The
check dated September g. was included In This
statement ana Mr. Stevenson explained that IL
was entered under the mead OF "cash" In THO
telers items; the check dated October
., would probably be also entered In similar man.
ner. III reply TO the District Attorney the witness
stated that he produced the report made by Mr.. CAL
lender, which was drawn up at the request OF OF
the Directors-ne Thought MT Hanson. Mr. Bell
argued that the report was not legal because Callen
der was Obliged to fulfil certain requirements Ills
client had only seen the securities. and tue state
ment was prepared privately. Mr. DAVIS tEen
argued his Side OF the question: and recapltuated all
the evidence he mad put In. The Commissioner
settled the matter by admitting the report lOr what
u was worth. Ii Was most iaudatOry statement OF
the uourlsning condition OF the banks affairs, and
caused cynca Smiles TO play around the features 0
the
FEW DEPOsTORs PRESENT
In answer to Mr. Davis The wltDess said that Cal.
lender was engaged Tor one DAY ana nalf In pre-.
parlng the statement, and for so dong he received
sl00 as remuneratlon; Calender had had business
connection with the BANK Tor nearly three years
prior to TINS, In answer TO Mr.. Bell the witness
stated tnat he had been President OF the bank hSGa
over q year: he succeeded Mr.. Is. X. Martin; the
checks produced were certned by tine company;
they were drawn by calender; eight Of them TO the
amount OF $4,000 were certified; but the other
three were not; they were drawn on the bank BY
Mr. Calender on the strength OF his credit with the
concern
the checks IN order 10 take up loans Of his ThHt
collateral securities deposited by Calender are now
posse sslOn or the receiver VINO has been ap-
pointed to settle the affairs VI the bank. Il under
stood" added the witness, IRON Mr.. Calender tnat
they had been previously deposited as collateral at
other banks III the city. 1he defendant lives AZ
Newark and he was requested as 2 matter OF
courtesy 10 come before the bank directors and
make statement Calender had q loan or $40 600
IRON the BANK ne deposited colisteral security and
By the Commissioner-..Since I have been Pres 4
dent nave loaned amounts TO other banks IN SUNS
oil thirty or forty thousand dollars. Tnat loan 70
Calender Was merely temporary one. during my
presidency he only once examned our analrs.
BY the District Auorney-The Board or Directors
knew that CallenGer was Ia debt TO the bank; Dnt
40 not think any OF them knew that the Oenk held
as collateral check OF Callendcrs upon BANK liz
which ne mad no iunds-
| Calender to examine the affairs OF tne bank was
done To meet the views OF one OF the dreclOrs who
! had been long absent; nc wished TO have state
ment from u government officer, though any OF VI
| were competent to examine and report.
MIR BELL. drew particular attention to the fu-
| some wording OF the report, Tor the purpose OF
showing the lacit understanding existing between
| Calender and the Dank people.
Examination c0niinued-Mr. Calender had an ac-
count with tile bank he frequently In the habit
OF borrowing money from 1t; the bank had NO regp-
were worth Oil loaned and more too; cannot tell
what was the marketable value OF the bonds on the
| DAY we accepted them as securities; some were
worth MY cents, others were unsaable; Wilde,
whose name on the notes IS worth from three to
| eight hundred thousand dollars; ne has not paio
| any OF the notes YET.
| After O little amicable discussion az to the ad-
visibility OF q question Bell wished TO ASK, tic
| Commissioner adjourned the meeting until TWO
| p. NJ. tomorrow, In the same apartment
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