New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-28

statemeut
OF the assets Tantor then gave me statement OF the
amount OF the loans the deficiency and the amount
placed in the bank for margn also the amount OF cash
short In the telers department. he said that he TOOK
cas- 600 In legal tenders and 10000 In gold which was
represented by tcke: for that by Ians4r
animation TO the Clearinghou Committee. and
the Clearing house ASSOCIATION eb be ee sad con-
tanned the banks coateras; found some envelopes
IN the box; there nothing In the envelopes; th
the box was in a small safe In the cashiers private
office; on the outside the envelopes purpOrten 70 co
tain securities, but found no securities In tnen
Tantor told me that the securities had been Sold or
used by him margins with brokers M SHOCK pped
tions. talked with him about the checks but ne uu
not tell me how much had gone In one place. anu ho"
much In another. :, ,,-o,,,,,or.
knoy Taintor about y. IN. April 20. 1873, saw
hun p the Bank Of Republic; he told me that tnds
with me about IL advised him to Keep quiet ana 500.
after went out with him. and We walked Hown sRanR
Taintor then told that the Atahuc Nauonai d.
had failed through stock operations Of his own askeo
him how mach it had failed for and he replied " for
S S $1,000 and on our way there he wanted TO
Snow III thought they would arrest him said tnas
we %I the where stated what Taintor
had told me- and left him think am the nrs i onp
I'm iaii where told him that he had Injured hSss
many innocent persons and asked MN ~ va, m bs was
and that he would tell ali he knew about the iSs VI
the bank, and about his own operations
TAISIoRs STATEMENT.
Mr. Megs here took from his pocket what be said was
when no was in Jail. and after some discussion MI
Bliss was allowed 70 read it evidence. The following
ia copy OF the document:
The ticket in tho cash-box for $4,000 gold Is bogus
and, Offset TO tins you WI ma crsut 10 nf To-
ward stock operations with Niles For me ticket IN ,o
casoo1 for s95 600 gold Ialnt9r oOI ~ repsent
them This 25OCO Taintor deposited with Hay * marn
SsE Snd Se bought n y Central 800 shares
Of Pacific Mail, &c, and they must b m@r
Don't know IL they have sold out the stocks The sS'
count current OF their matters Is III Atbth'lc .
aue shore Railroad stock which trust fund. IN
Wiiamsons hands To be sold for his account when te
Ptsburgh Railroad stock for purpose, and on the
4e6 shares and two or three u = P9nI 81 Waee
Co. aud deposited this $4,000 TO his (Iaintor eIedr ~
Atlantic Bank and used 10 IN hls .1oSk ss l n 8
bonds in call loan I"ntor TOOK out; anu 0C op
rowed $4,000 OF tho Consintn'a Le ins ~; s,,.caI
loan account. Vormilye Co. can pay the ihsur1nuo
Company the loan ana gTe .ne Inrarcs Company
nnI n,ced This money 10 the credit Of his Cantor'sl
operatlOns lie then the u. 81 bonds back from the LILO
Insurance Company, aud IN place Of the same he gave
shape letter duo bill Tor the 90 Oonus anu 1s ~
All the security the Life Insurance Company now hoids
for inns loan Tantor then put the 30 bonds back In ho
call loans OF the Atlantic Bank. The Republic Trust
Company OF Newark deposited about two years ago
S2 % cash in The Atlantic Bankn which TaintOr allowed
them per interest and TINS money WAS ficcd 10 ING
credit OF special loans account instead OF being credited
as simple deposit drawing interest; aud the IrIit
Company are. therefore, simply deposit Claimants Ihey
tied $4,000 within few months past, at per cent int
rest he holds Tantors cashiers check as collateral
Geo L. Burrows q Co., saginaw, deposited S5ON In u -
bonds, ana $500 in Western Union Telegraph Company
bonds trust with Tantors cashier as security tor any
possible oyerdrafts they might maze on the Atlantic
Bank aud the 5000 In o. s. bonds Talntor gave To f. H.
Wallace Co. on stock ACCOUNT and the 5000 IN Western
Union bonds he gave to w o. whey 90 on stock ac-
count The call Loan $1,000 ledger, TO W. q. Wiley
& Co. was made on collateral securities Taintor
furnished to them out OF the bank All loan cQiaeraS
or funds left 10 cover over drafts ana this money
went to Wiley S Co. in Iantor's stock matters. call
loan, $1,000, to b. Murray IT., Co, was arranged ia
precisely the same manner; ana This money went to
Murray & Co. IN Tauors matters $1,000 u. S. bonds Of
Merrill, Fitch, An, rs collateral for loan OF same
amount TO them by tho bank, Talntor gave
to b. Murray, IT, Co. in account OF his stoSs
Taiutor gave TO Is. Murray, jr, Co., IN account OF
stock matters. aud those bonds he thinks belong TO
Mr.. Brumey, collateral Tor some discounted notes Tor
him; 81 200 t. s. bonds left collateral by Con. Aim
on ms brothers account as collateral Tor discount, Is
Tuis makes $4,000 OF trust funds and cash deposits;
and with S1GiOOO OF various matters which come ont Of
special loans makes up the sum OF $4,000 III all which
he thinks will cover the defacation lie thinks about
$40 900 OF margins ought to be left IN the hands OF his
various brokers' He says that the great bulk OF his loss
occurred in February, 1873.
The cross-exarnination ELECTED nothing new. except
that the memorandum compiled from a long writ
account OF the conversation tho witness had with
TantOr In Jail
John j. Mcdonnell the paying teller OF the Atlantic
National Bank years. after describing tho
ton OF the bank with the Clearinghouse identified Q
numDer OF checks which had been paid by him paying
teller. The checks signed by Taintor cashier.
and were all paid through the Clearing house. ticket
for SIS 900 in gold produced, and witness said 81
saw IL for the first time April 25.
1879 when I received II from Taintor, who
remarked that greenbacks scarce and that lie had
taken about $4,000 greenbacks on the ticket never
saw the gold and the greenbacks were not returned"
ticket for $4,000 In gold handed to the witness
who continued That ticket given to me on April
1879 by Tantor and kept with the gold Of the bank,
or with what called Government notes, payable IN
GOLD the gold which the ticket represented was never
given 10 me nothing remained with me but the ticket"
The tickets we're then received In evidence.
Clarence w. Baldwin, aIu clerk TO the receiver OF
the Atlantic National Bank; was formerly general
bookkeeper in the bank in the special lelger loan
count of Nov H. 1874 there Is loan 20 L. H. Niles Of
knew OF the existence OF the loan
when II came 10 IN the regular course
OF business and further 1 never knew anything about
it, On March there another check for $4,000 for
special Loan signed f. L. Taintor, to Mr.. Niles; Feb.
o. 1879 5000 was deposited to Niless credit; Jan T.
1873 $OOOO Feb 1873 $4,000; March 3, 1873, $4,000;
Feb 40 1873 $4,000 all or which amounts deposited
to the came account. There were special
loans, but, with exception, they were not paid.
The case was deferred until 10 a. to-day.
DECIsIONS-OcT u.