, 1873-04-29

In lsst Saturdays statement s88,10o is reported
as special when not dollnr WAS In the vault.
Many persona are OF opinion that no reliance
can be placed upon the statement OF the default
ing Cashier, that the stealing has been con-
tinued for several years. They believe 1t WAS .
equare steal and took place within brief
period. The President succeeded, on Saturday.
in stopping 1000 which was to have been paid
sold 'Df for oiae' him stolen bopds and other
securities to that amount, which has therefore
been saved to the creditors. It is believed that
Taintor has most Of the stolen funds in his pos
session, aud that 10 will Jet Offer to comp1o-
1ziise.
On Thursday last, gentleman, who is stock
holder and was formerly Director in the bank,
gave M order to broker to sell his stock on
Friday, and he could probably have obtained 95
per cent for it, the Phl valne beng EN- = go: on
saying that he shought he would hold on until
july, as a dividend might be paid then,
Notwithstanding the fact that none had
boen paid for nearly two years Now, this gen
called upon to put up 100 cent Of it to satisfy
the depositors It is stated that the President,
Mr southworth, is ruined by the collapse.
1t meeting OF the depositors to-day, Mr.
Fuller, Chairman, said that he had seen Iaintor
this morning, who stated that the officers Of the
bank hnd been aware Of the condition Of Affairs
for more than year; that at least s100, 600 with
their knowledge had been carried in the eus-
penBe account Tor year.
Dr.. Cutting expressed tho opinion that Tain
tor had squandered the great bulk Of his spscu-
lations within the past few days.
| Special Dispateh to 1hs Chteaqn 1tibuns-
hs tho %s1ante
National Bank, New York, has created consld-
erable stir at the Treasury Department. Tho
Comptroller OF the Currency will cause thor
ongh investigation to. be made Of the condition
of the bank, and it's manner Of doing business
| previous to the confession Of tho Cashier.
Much surprise is expressed that the
Government Bank Examiner, in his examine
| tions, did not discover something wrong. Tho
| defalcation Was not sudden one, but haa been
carried on for some time. It is stated that, had
the Bank Examiner performed his duty properly,
he could not have failed to detect the Cashier.
It is ascertninod that the Bank Examiner In his
last report represented the bank in an impaired
condition.
New YonK, April 28.-t' No further informa-
ton II is the answer given to all inquiries at the
Atlantic Bank, where Mr. Strong is endeaToring
to dasentangle the confused accounts r.,
at the bank this morning appeared to hare lost
but small amounts, and none OF those painful
econes occurred SO often seen where large aay-
ings banks suspend.
respectfully connected His friends say that his
| defalcsrions wero prompted by desire to serve
tho bank, and that he erred through ambition,
and not by dishonest intent.
At the meeting this morning Of tho Clearing
/. House aud conference committees Of the Clear
ing House Association, the bank was suspended
from the privileges Of the AsRociation- full
meeting of the Clearing House Association will
be held this afternoon, and the bank will be ex-
PEELED.
There was slight furry in Wall street during
the morning hours, in consequence OF the defal-
cation. in tie Atlantic National Bank, but prices
we're not much affected. The misfortunes Of
the bank are regarded as tho consequence Of
imposing upon the Cashier duties that should
have been discharged by other officers. Preai-
dent Southworth Was formerly IN the grocery
trade and bankers and brokers say that, if ho was
failure AZ q grocer, he is not likely to be sue
cess aa = fnancier.
Charles E. Strong has been appointed Receiver
OF the Atlantic National Bank.
Taintor, the defau1ting Cashier, WAS taken be-
fore United States Commissioner Osborne to-
day, but, not having counsel, and not making np-
plication for release on ball. Was returned to the
Ludlow Street Jail.
Among the prominent Cu1erers BY tho Allan
tic Bank defalcation are Rewe1ls BurTowB, 8
wealthy merchant OF Albion. N. T., who had
deposito1B Of the bank held meeting this after
noon, J. a. Fuller presiding, and resolution
WAS adopted for the appointment OF = committee
Of five to cooperate with the Receiver OF tho
bank. and to report TO the depoalto5s
Ill obtainab1e Information concerning the
affairs of the institution. number OF speeches
wore made, in which much indignation Was man-
Tested against the defanlting CASHIER. Several
criticisms we're also passed on tho other officers
of the bank, to whose lack Of vigilance the &C.
complishment OF the frauds WAS attributed
Opinions were expressed that Taintor still re-
tanned a large amount OF the money obtained by
him also that the frauds had not extended
through years, as he asserted, but were matters
Of the lest few days or weeks. The meeting ad-
1ourned subject to the call Of the Chairman
WASHINGTON, April 28.-The Atlantic National