New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-29
THE BROKEN BANK.


coNDIuoN-TAINToR BELIEVED TO BIZ IN POS
srssIoE OF TIE STOLEN FUNDs-ISDIGNANT DR.
POsTToRs RRBUKED.
The ruin of the Atlantic National Bank and
The deaoaon OF It's cashier were the subject of general
Discussion IN walst yesterday, bank officials ana DUST
meas forming little their offices and on eue
street the purpose Of considering the situaton To"
Of them could understand how the bank shouiu h"Ne
lest so much money extending over so long tine' n
vet he I'm postou 20 make q fair showing when called
ppOu 10 exhibit their books and assets In those circles
usually better informed than the mass OF dealers
theory had gained ground that the actuai oeIa'."
tiOn had occurred within q few days Oh tS -
tors disclosures They believed thao AsiH'
had probaby lost from 100000 TO S2Oo'o" ~
.o.euatou In WaLst and finding discovery inevtaole
had taken the rest OF the banks assets converted 'ho
into money or secreted them somewhere calmly a"S'ou
the de-elopements which knew would result IN MS
Disgrace and Imprisonment.
IL was believed that he intended 70 compromise HIS
frauds by relnduishng portion of the property stolen
,.d retain the remainder which programme. II strictly
adhered TO- would give him handsome fortune 10 oe
enjoyed in this city elsewhere Indeed TINS theoy
prevailed to such extent that one broker predicted
on Broadst that Taintor would be walking along the
streets in than 90 days with his thumbs IN the arm
holes OF his vest aud fortune in his pocket"
This view having been impaired to President Tappen
Of the Gaatn Bank that gentleman said he had no in
formation OF such appropriation of the funds, or OF
such an intention on the part OF Taintor.
TAINToR's BROKERS.
snbtect Of general inquiry on I" the street" the
names Of the brokers who had operated for Taintor
Among those who were reported to have been bis
brokers were l. H. Niles of No. Broad-st.. b. Murray,
IT, OF No. 50 Pine-st, and f. b. Wallace Co. OF Broad
st. Tantors interest in the stock market was yarousy
estimated at from 800 10000 shares but as 1t is prln
epe Of the stock to preserve secrecy with re-
gard TO operations OF customers, these gentlemen
would furnish no information. Wbethey they will be
jected 70 prosecution Is matter for the considera
ton u the authorities.
The events Of the day, however, not as sensa-
uonal as on previous days. Upon the report Of the
Clearing Committee the Atlantic National Bank
was expelled from the Clearinghouse, and its checks
refused transmission through IT, Charles E. Strong who
had been appointed receiver by the Controller Of the
Currency, took immediate control, and, assisted by
Bank Examiner Meig began investigation, the result
OF which viii probably be impaired to-day. These gen.
temen both kept very busy answering the queries
OF callers and the indignant utterances OF excited
vetimzed depOsitors The latter congregated around
the bank doors at early hour In the morning, and
loud in their denunciations of the bank
and an who connected with il, characterizing
the officials swindlers who ought to be hanged.
Their denuncatiOns attracted general attention, and
the day on the number OF deposlOrs was largely
augmented by crowds Of the curious who had assembled
around the door the broken bank" and witness
the indignation Of the depositOrs None however were
allowed the bank without permission from the
receiver the examiner and the porter at the door
dea! 10 all remOnstrances tnat disappointed visitors
vent Some of the depOstOrs who had given notes,
drafts checks payable at the Atlantic caused notices
80 he posted the bankdoors, informing the holders
that they would be paid presenting their documents
at the depOstOrs' respective offices.
Az the day advanced rumors circulated through
"the street" the effect that the investigation into the
Affairs Of monetary Institutions had led to the dis
failed to elicit anything OF the kind, MeSsrs Tappen aud
Camp Of the Clearinghouse assuring TRIBUNE reporter
that they knew nothing Of any additional discoveries.
THE RECEIVER IN POSSESSION.
Charles T. Strong, lawyer Of No. IS Wall-st.
appointed Receiver yesterday, and Bank Examiner
Ness who had been in charge up to that time. turned
the custody Of Mr.. Strong all the papers and
securities belonging to the bank its defauiting
cashier Mr.. Megs renamed in tho bank throughout
the day rendering such assistance Mr. Strong desired
and giving bin the benefit Of his experience matters
Of this kind The clerical force OF the bank, and Others
enjoying the confidence of Messrs Meigs and StrOlg.
called in, and the work Of unraveing the entan
Eed affairs Of the bank carried forward with dispatch.
The following notice posted the doors of the
baGk soon after Mr.. Strong assumed charge:
The dpodo Of the Atlantic National Bank requested 20 send
S P'00' the bank 'f the Rq'pos, Of H'ns o them s2s
Another notice directed attention to the call for
meeting Of the depositOrs at No 229 Broadway Up 70
OF suspenOng the WORK OF examination, last
evening, but little more had been accomplished in
reaching actual statement Of the amount Of the de-
hciency than known on Saturday evening, for the
reason that the actual OF loss cannot be
tSned until the examination has been made thorough
aud complete. The defacaton amounts, in round num-
bers 10 nearly $4,000 Mr. Strong expresses the hope
that to-day he would be able make exact showing
Of the assets and liabilities Of the bank, and thus be
enabled TO reach the amount OF the dedication This,
tie eOnectured Is In the neghborhood OF 100000 for 1t
must be remembered that the capital Of the bank
Impaired nearly quite 100000 by mismanagement
and advances worthless collaterals.
THE BANK LONG NsoLyEST.
Az the investigation is proceeded with the wonder
grows that the institution could have been kept aoat
long That the entire capital of the bank could be ex
hausted and nearly much in amount Of the funds Of
The depositors and the institution still retain compare
lively fair name with the business public, is almost in
eomprehensibe to the financial class.
The available Of the bank amounting TO 900
have beer placed for the present the Galiatin Ma
uonal Bank. The President F. ID. Tappen, Chairman
OF the Clearinghouse Committee and has rendered good
service all 90 the investigation began IA assisting Bank
Examiner heigs and Receiver Strong Several packages
have been found containing individual deposits received
before the bank closed Its doors Saturday and too
late 70 be made away with by Taintor These
have been In many instances restored 10 the owners
Among others who thus fortunate was one OF the
officers OF the Esterbrook SeePeD Manufacturing Com
pahy He made deposit Of 500 less than half hour
before the bank closed its doors. 1t found yester
dsy afternoon In the original envelope, with the accom-
panyng ticket, and restored to the depOstor
LOOSE CONDUCT BUSINESS
The loose and careless which TantOr trans
acted business best shown In his interview with Bank
Examiner Meigs Just before he removed TO Ludlow.
It, jail TaintOrs desk was Uttered up with confused
macs Of papers Of various kinds. Pointing these Mr.
hegs asked TSintOr If there anything Of value in