The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-24

teller the time drew ST. $50 on forged notes, and
Wilson, the late cashier, Endorsed two OF them.
The bank loaned s33, 900 to tho Young Mems Chris
tan JOINT Stock Company The Young Mems Christian
Association about SIS 900 worth Of tho stock out
OF s2o0,0o worth issued for the building which, with
the exception above stated hold by different par
ties. mortgage, deed of trust given to secure
the loan on the property OF the Young Mems Christian
Association. At the time the loan made il was
supposed to be good, and II would have been good If
the title had been good. This was the testimony of
G. ". Stickney, who succeeded Colonel Eaton as
actuary.
c. Purvis gave the following testimony
Q. DO you know anything Of a transaction between
stcsney and a man named Boyles A. After jay
Cooke Co. failed we had IN our bank $3.50 600 OF cur
rency SKIES and other bonds, amounting altogether to
over $500 900; to.Incet the run made upon had
sell bonds; the trustees every two three
days and authorized the executive officers OF the bank,
the president with his actuary, sell bonds $780, 900
or So ut u time; the president went to New York 10
sell some of the bonds, and, It seems, without any
authority whatever, Mr.. Stickncy sent Mr.. Boyle 10
Baltimore TO sell some Of the bonds; this have only
got from inspector Mr. sperry; 1t was hard 10 sell
these bonds they OF ST. COO denomination;
If they had been 500 bonds we could have sold
them readily; afterward my father asked me in
regard 10 loan TO Boyle, and l told him
that wo had never made any such loan; on
inquiring into It | found that Mr.. Stickney, even
when In such state in the bank that we had
sold every bond except $500, simply on the pretext
that Boyle had done the bank good service had loaned
him S2l, 900, which had security; the
strength OF that called the trustees together for the
purpose of asking them to remove Mr.. stcgney from
the trustecship which he had acquired under the law
OF June, 1870; there mentioned the matter,
and Mr.. Leopold contradicted my statement that
stckney had loaned the money the way
! have mentioned, but he made this extraordi-
nary statement, that Mr. Boyle had sold bonds
for the bank different times and that every time he
had retained Of the money, that in the aggre-
gate he owed bank the amount OF s2 000 and that
then TO cover up tho transaction Stckney took this
note from him, but put It In tho shape OF loan.
Boyle has rendered any to tho hank OF
the amount OF bonds that were put into his hands by
Snckney OF that transaction, however, none OF tho
bank officers proper except stickncy had any knowl.
edge.
O This note OF Boyle's according to Mr. Lelpold's
statement, was given by Boyle to the banks A. Yes.
O. And Stckney took security for It on a house and
LOTT A. believe he aftcrward got security whole
row OF unfinished houses, which houses
bcred kinds of lcns and which houses haze
been sold since and purchased by Mr. stickney; the
and WILL
O. Was there not another loan made representa-
tons of Mr. Alexander r. Shepherds A. 1t appears In
the report OF the Commissioners that Mr. vandenburgh
owes a large amount these loans never directly
before the Board Of Trustees or, at least very few Of
them did, the Actuary, In reading his report the
Board would say, 'Cty securities manning the class)
much invested some members OF the Finance
committee including Moses Kelly, the Sinking Fund
Commissioner, very earnest In the defence OF
these securities and Mr. Kelly invested largely that
kind OF security for his bank-the National Bank
of the Metropolis; was very much opposed to II,
as was opposed to everything connected with tho
Board OF Public Works. Mr. Stickncy stayed at
my house, and, talking with me one day, he said
he had never done wrong thing In the bank
except letting vandcnburgh have large sum Of money
one night asked him how much; think no said
$50 000 that perfectly astonished me, SO "went nto
HIM aud questioned him very closely, thinking that l
would have occasion TO rccollcct Il and use Il;
he said that vandenbursh came to HIM wanting
some money to pay of his hands that
night. and that Shepherd said ssvandenburgh's
accounts approved t,his was on Saturday night;
al Will pay you on Monday If you let him have the
money! Stckncy said that he would let him have the
money and he did let him have 1t; aferward he went
day after day TO Mr. Shepherd and could not see
him; when he did SEQ him Mr.. Shepherd was
more forcblc than polite, and told HIM that he
was In damned hurry to get that money; subse.
quently Mr. Shepherd said to him, III you do business
in that kind Of loose way you are damned fool"
and that he told the truth; this what Mr. stckney
says about the matter, and presume he to be be-
evcd on that point
Q. Who is the solicitor Of the Commission A. Mr.
Enoch Tottcn; although Mr.. Leipold's name appears
on the docket associated with him 10 these bank
cases he never appears in the these suits.
Then he and Totten associated professionally
A. Yes. sir.
O Did not Mr. Totten make collection for the bank
and offer tot Mr. Leopold half OF his fces A. only
answer that in this way:--Mr. Sperry and told
me that Mr.. Leopold TO him and said .Tottcn
has offered much money Il think 500. or half Of
what he received), had better take its 'sNo said
Sperry .you must not take ~ Leopold him
subsequently, and SAID that did iako it, but after
that his appears with Tottcns; spcrry can swear
TO these facts; the only hesitation have in making
this statement is that Leopold rather vindictive
man and as Mr.. STerry is n very poor man Leopold
might remove him; in fact he has been wanting re-
move him ever since nc told him about this oncr
II further appears that Leopold sought to buy the
bank books of depositors after the banks failure At
nominal figure and practise attorney. He stated
to Purvis that he could then make money than
the salary he received commissioner As the settle
of the affairs OF the institution is practically in the
hands OF Mr. Leopold, an effort is being made to have
him removed and hence the proposition in the House
yesterday, offered by Mr. Bradford. member Of the
Investigating Committee. requiring and authorizing the
Secretary of the Treasury appoint without unncces
sary delay, good and competent take charge
OF and wind up the Affairs of the Frccdmens Savings
and Trus, Company. During the existence of the
Freedmen's Bark from $50, 900 600 TO 500 600 600
passed through the principal bank and It's branches.
The committee say the failure from bad manage
men,, and the frauds began at the commencement and
continued to the end
UNFouNDED CHARGES AGAINST THE DOOR
KEEPER OF THE HOUSE OF REPRESENTA-
TIvEs.
Charges OF arson against Colonel Fitzhugh door,
keeper ofthc House OF Representatives revived both
privately and in prlut Two indictmen were found
hun IN ckx atIc h,s