The New York herald., 1877-02-05

DISASTROUS TERMINATION TO THE CARERn OF
A MODEL YOUNG MANTLE FIRST NATIONAL
BANK OF MoNTRosE RoDBED OF NINETY
THOUSAND DoLLAHs-co OF THE
BANK.
SCRANTON, Pa, Feb. 3. 1877.
An earthquake could havc caused greater shook
In the thrifty OF Montrosc, short distance from
this city, than did the news Of young Nathan Lon
helms arrest in Now York the other day a charge
OF forging ten thousand dollar note and endcavoring
TO pass ~ OH the Importers ana Traders Bank He
bad always been regarded rs the model young man OF
Montrosc, In the vapid character OF tho famous
"Hildcbrand,' whose destinations have been sung
OF SO frequently by tho street gamins, but in
those substantial requisites which 20 to form
tho truest typo of manhood. Ho moved
In the best society Of tho town. was
apparently sincere member Of tho church, was bc.
loved by many and esteemed by all, was tho cashier of
bank in which the wealtnicst OF the place were
Interested and besides seemed well to do in tho
world All this at tho age OF twenty -FOUR when the
flower Of manhood and OF fortune seemed 10 endow
him with such brilliant prospccts
A rASIc.srRicKES TOWN.
As the readers OF tho HERALD are doubtless already
aware the forged note which ho sought to pass in New
York was supposed to have beon drawn by Mr.. Il T.
stevens for $4,000. and ndorsed by Mr..
known to be a millionaire SO that Lenhcim
made bold move the strength Of hts own position
and MIR. Kesscrs acknowledged wealth. When the
news reached Montrosc the first exclamation was ~
don't believe itl" People thought IT impossible that
young s'Nat Lcnheim." whom mohors wont 10
point out their boys pattern OF sobrcty and
honesty, could be guilty OF such act But tho story
confirmed by kilograms, and then tho place
was wild with excitement and people rushed to the
bank in Of Information, little oil which was
however vouchsatcd. Tho bank officers were rc,ccnt
and would only dcign to that tho bank was ali
right and would meet all It's obligations Thus was all
that could be asccrsancd by tho outside public and 1t
calculated TO promote the most placid state OF
public feeling.
Your correspondent succeeded IN obtaining inter-
Wow with oil the bank officials to- day, hc IN
forms that nvcstgatIon just made reveals the
startling fact that the nbsconding cashier has robbed
the bank OF $780, 000 Nobody knows how he squan-
dciod this plundcr or in what manner OF speculation
he invested IT, These are things that must remain
mystery for the present. all Efforts TO II nd
channels nc could have diverted such a vast
into have proved iruitlcss- Twenty thousand dollars
OF this had been forged on tho bank, md the
mandcr abstractcd In manner that Will doubtless bc
made known soon as Mr. Lcnhcm furnishes
tho sequel TO his startling crime He had
full control the matter OF negotiating
loans discounting notes and transacing ali other
business OF the bank without even consulting tho di
rect ors who doubtless thought all rs honest MS
themselves. and he used this great opportunity to
plundcr at will 1t IS known that his bond good for
thc greater portion OF the money which he has sIoep
and that s2 the the bank will lose by the
transaction Tho confidence OF the people It's sta
bItty is SIN mistaken, and despite tho damaging na.
NO extraordinary run.
CLOSED FOR INVESTIGATION.
Ii has been closed for investigation tho past two
days. but reopcncd day, ami Is ting
business usual. Tho state OF affairs discovered by
the committee OF investigation shows young Ienhcim
to be unmtigatcd villain, void OF Conscientious
scrupIcs the smallest matters HIS connection
with the church, as stated, was but u cloak
Tor his villany aud IL now transpircs that he has
played tho part Of hypocrito and thief right along
deceving the community In which no moved ami
which he has completely conoundcd by his extensive
deaications which reach out aud influence many OF
the banks IN the small surrounding towns II ,s lust
possible that the extent OF hts plumber has not yet
been asccrtancd, and even greater schemes may vet
be revealed.
BoLsTERISG BANK.
Tho stockholders tor the purpose Of meeting present
emergencies have given their note for $40 900 10
plcnsb the depleted treasury and tho OF
those desiring to draw out their deposits So
far, however. since tho dcialcatiou. double
the amount has bccn deposited that has becn
withdrawn; and yesterday one gentleman, TO show
his faith IN the pnnca souudncss of the concern dc.
posted $1,000 there Tho liabilities arc secured by
sound notes, and the stockholders comprise some OF
tho most substantial merchants OF Montroso and tho
farmers OF the surrounding country, aud such thing
as failure is ancipatcd although tho escape
a very narrow one.
THE FIRST NATIONAL RANK
OF Montrosc, Pa, established two years ago, and
Al the end OF the nrst year the Vice Pres
dcnt ID. d. Scarlc, becoming suspicious oil Lcnhcim,
expressed his displcasurc To tho directors at tho
ncr IN which business was transacted. Loans wcrc
being negotiated by the cashier without referring
10 committee according To rule, and TO this mode of
doing things M scaria took suub dccidsd sxcaptcn
that Nv ~ ssslh said Nv wvNd sshsf ss sst W wy