The New York herald., 1877-09-20
THE RUINED BANK.

YESTERDAYS NEW DEvELoPMENTs--wHATT THE
rooR DEPosIToRs' MONEY oN-LETTEEs IN
cuLPAToRY AND ACKNOWLEDGEMENTS
WITH The VICE PRESIDENT, TRUSTEES, ETC.
There were some dramatic scenes enacted ut the
CIairmont Savings Bank yesterday, both comic and
pathetic. In the early part Of the forenoon came
upon the scene Mr.. John Quincy Hoyt, whose name
has been mixed up un avorablv with the ..crooked"
proceedings by which the depositors have lost thoir
money Mr.. Hoyt threw his hat down violently, paced
up and down the narrow confines OF the Office
cedy, and declared that his reputation had been de-
stroyed. The Bank Examiner, C. e. Orvs, came
In at this jupcture and told Mr.. Hoyt he
(Mr Orvis) was glad that at length Mr. Hoyt
acknowledged there had been u delalcation aud
unwarran,ed use Of the deposlors' money and hoped
Mr. Hoyt would aid the proper officials tho recovery
Of It, Mr.. John Quincy Hoyt dcciureJ his intention
to employ a committee oi his own, consisting Of bank
presidents and expert accountants The names OF
Messrs Apgar, Stout and Worth were mentioned but
oil course, nobody had authority to appoint anybody,
SO nothing done IN tnis connection. During the
time that Mr.. Hoyt afford ng reporters oilers
the spectacle OF his wrath IL seomed likely he did not
know that Mr. Swan, the wee president and acting
manager, had made publ ut least two tiers from
MT hoyt when read IN the lieht OF Hoyts protesta-
tlOn6 OF luuOc0uCc Will Oe CuTlOuS anu Instructive 10
the public as we'll as deposltors.
LETTER NO. /.
CONFIDENTIAL
OFFICE aSsm. or Sc~s . snS e HOrr't
81 and V"i So sro@a l street Nxw Yonx July g. 1877.
For GODS sase do please, what ASK. or else hell will
be pay and all around. # hal done IT all would
are destroyed tor dong thins another day. either to
heip you or myself you SO as to get through and
Don't delay moment This $3.50 certified will project
Nil to-day now As instead Of the 81 800 as Deiorc
HoYr's STATEMENT TO THE PRESS.
Mr.. H0yt's statement TO tho press, as calculating
these matters, Is as iollows:-
shall be grateful for sufficient space your COL
nmn, 70 say word with reference 20 the repots In the
herewith The of the partly implied
In their articles SUCH however, that beg you
give tho public my explicit denial in the orm IN wheh
express It, repeat indebted to the Clair
mont Savings Bank is any for my account so in
debted any amour and tor the truth of this
such inquiries by Experienced
to precise facts have urged upon ,he lrns
tees tho Of COMMITTEES OF BANK presd nt 10
examine those matters. and by the determnaO
committee l am willing to side. / take the liberty
being the check Tor S2oOu which 1 found in the
which duo by inc ami this example will
iariy illustrate w1a will be ascertansd by
TO oe the truth all the other aegati ns acet
about August - ana stated that bank was
him my check upon the bank, which he certify and
return upon which he ASKED 10 borrow the money
Tor HIM drew my cheek and received H bacs cered by
him. and upon 1t borrowed the check OF a friend for
s. 800 which check delivered the secre tary for tho
of the bank immediacy receiving OF the pro-
Ia OF Dusness came tnrouh the Nassau Bank
the Clnrmont Savings Bank tie next day, where
paid informed and be ieve by the cheek OF that
bank upon the Produce sank. which check duly
paid 60 the Nassau Bank. Thus tue Clairmont Bank
this manner, no part of which, ms 1 have said ever
came my haLds say nothing In respect to the