New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-22
TIE BULBS HEAD DEFALCA TON
APPLICATIONS FOR A RECEIVER - FURTHER
STATEMENTS BY THE BANK OFFICIALs-rHE
INITIATED BOOKS.

APPLICATIONS FOR RECEIVER - FURTHER
STATEMENTS BY THE BANK OFFICIALs-rHE
MUTILATED BOOKS.
The investigation into the accounts of the
Bulls Head Bank by the Examining Committee IL
unued. No definite results have been reached yet.
nor have the bank officials succeeded In fastening the
guilt Of the defaleation any one. meeting OF the
Board Of Directors held yesterday morning There
were present Erastus F. Mead temporary President
L. Coggswel Jacob yoorhs, IT,. G. w. willett, and
Richard Williamson. IT,. The sixth Director, Thomas
Rae, was absent Richard Williamson sen the former
President, also present. The books were again
examined, and long discussion had. but event
ually the Board adjourned without taking any definite
action.
+. Delafed Smith, behalf Of Lawrence p Kerr and
other deposiors applied TO Judge Fancher yesterday
for the appointment OF receiver for the bank. He
proposed Edmund Stephenson, paying teller OF the Fifth
National Bank such receiver, and of red sureues
for the faithful performance OF the trust ex-senator
William Laimbeer and Thompson W. Decker, who were
willing justify in 10000 each Another application
made behalf Of j. p Brewster and others that
receiver be appointed, but proposing name. Judge
FaDcher took the papers and reserved decision No
general meeting of the depOsit0rs has been held OF
called yet II is understood. however that one Will
be called as the Examining Committee have
presented report aud the condition Of the bank is
known 70 those interested
conversation yesterday with reporter Of THE TRIBUNE
He said that the examination OF the books making
as rapidly possible by the clerks under the super
vision Of Mr. Livingstone. the expert II was slow work
however consequence Of the mutiaton Of the books
In order illustrate his meaning he produced the book
known a. the Second Teler's Proof" Ia more than
dozen instances several pages we're missing. 10 one
case there was an omission from June % 70 July - The
leaves had been removed ceverly that scarcely
trace remained. There no Jagged margins as was
the case with the General Ledger, where whole leaves
had been ont, and there had been apparently no
attempt 20 conceal the work the object having been ~
confuse by destroying portion OF the record which
would be the difficult 20 verify and replace. Mr..
Mead asked who the last persons in the bank
on the evening previous the discovery OF the mutauon
Of the books He replied that they were j. 5 Peck the
receiving teller his assistant, Philip Burckhardt, ana
the iantor Peck and Burckhardt had found mistake
in their cash account would balance and il was
nearly D. before they Strengthened out the account
and left the bank. There watchman in the bank
All night and the gas kept burning. No one Outside
the bank would have any interest n mutlatlng the
books The question: Mr.. Mead said, comes mp, VINO is
the culprit For his part he unable even 70 surIn
Mr. Mead added that he had suspected q person but
the de geopments OF yesterday had led mm to believe
he might be mistaken. and he was again " all al sea'
Mr. peck vas dismissed be said, after the books
were found 70 be mutated, by President Williamson
the reason assigned being that reduction OF the WORK
ing force was desired Mr.. Burckha rdt the assistant
teller, accepted the place az reduced salary. Ihe
statement the employees Of the bank had petoned
the Board Of Directors 70 remove President Williamson
war true but no attention paid 70 the request
Mr. Mead had understood they were dissatisfied
with Mr. Williamson the especial cause therefor De
declined to give present Mr. Hatfield, the bookkeepef'
was discharged Feb J. aud 1t was not until some uhe
aerward the mutilaton OF the books was dlseo'
cred When the examining committee began their work
f1taFf1 a al np4fi
70 much II was thought for time that II would got
even ae. the dividends, but they proceeded the IN.
crepances became greater, and u was az length alpa-
rent that the capital Of the bank was involved seriously
They were now calling in the pass books ana the ou'o
town bank accounts. aud hoped within daY or Two u
know just how they stand he preferred TO say nothing
about the amount Of the defalcation He eoud only
con lecture yet. No examiner had DeeA apP"ulou vi
the part OF the state.
A reporter of THE TRIBUNE called yesterday at he
residence of Richard Williamson, exPresident Of
the Bank the purpose Of obtaining his statement
relative 70 the matter. HIS son, RICHARD Nlllamson
ir one of the Board Directors. appeared and asked
mar his father might be excused. He old aud
fsble and the defalcatlOu OF the Bank had shocked him
verv fnuch He the first President ~ tne Oank had
mad rer pride in H. He Of the heaviest stock
holders IN the bank. owning nov WITHIN s20O on ~
much stock when the bank wac orgbn.zea Ne i
he nor the speaker could throw any light on me DEAR
cation mutilaon OF the books nor dTd they know
whom 10 suspect. His father had been n poor health
for year past and had On several OCCASIONS thed Oh
THere l. very much less excitement the vicinity Of
the bank than might be expected. Between 20 anu 10
persons, called YESTERDAY ana ieIt tIei UOa 800
asked for their balances IN order that they mghi kOW
huw they stood bur aside from tins there was tlt 10
ve,t The Inonotony of the calling of long OF H.
DreA "a ne adding Of others by Mr. Livingstone and
the clerks The body Of the deposOr- arr nope
mi mar The defaication will be- confined the capital
and surplus of the bank; but there are few who can
occasionally and nervOusy inquire when the result OF
the examining committees investigation Will De made