The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-04

EURrHKR DETAILS OF CRooKEDNzSs IN TIE
ACCOUNTS AND REPORTS or BANKS

EURrHRR DETAILS OF CRooKxDNzss IN TEE
ACCOUNTS AND REPORTS or BANKA
sARAroaA, N. Y. August 8. 1871.
In the Ellis trial. at the morning session Of the Som
ate, Mr.. Reid the examiner testified that the report
rcgardlns the German Savings Bank OF Morr,sania Of
April, 1875 correct Deputy superintendent Lamb
produced the report OF the examination Of the State
Loan and Trust Company OF February, 1875 returned
with memorandum of tho banks closing. The do
postors paid The bank reported, June 8, 1875,
of assets, but the stockholders were not
paid IN full whom tho Affairs Of the bank oil
wound up Tho receiver appointed until
January IS, 1874 Henry J. Hubbard, employed by
tho Loan and Trust Company, testified that Henry =.
Spauidng, receiver. was appointed January 2S 1870,
and settled up the concern ut loss to tho
OF from ten to dieen per cent They are mostly bro
kers aud merchants
John II Robertson, Recording Clerk OF the county
oil New York. identified tho summons and compliant
against tho Peoples Savings Bank heretofore referred
10, filed November IL, 1878.
Mr.. Swaync managing clerk OF tho Attorney Gen.
erals office, testified regarding the above complaint.
grant an injunction although deficiency was showa
OF S42, 00o
THE CASE or the SECURITY BANK.
Isaac Smith, clerk In the depar produced the
report OF January 1875 OF the Security Savings Bang
showing excess OF assets Sill 0s0 81 above The
due dcpostors The examination by Mr. Reid, No
vcmber ~, 1876, shows deficiency OF $500 %. Tho
excess OF income was s94v "a; January !, 1879, tho
rcporseu ocucleucy VI tue report wa
received January 81, 1875, when tue bank In the
hands Of a receiver He was CROSSE xamincd and said
he mad not furnished Information 10 John Mack, the
complainant TO the Governor 70 any reporter nor
to counsel
William Il. Bangs secretary of the Security Savings
Bank testified that he was appointed receiver IN Feb
ruary, 1876 thought II would pay sixty per cent On
his examination the witness said the clerk made
false and there panccs between the
general ledger and the depostors' ledger amounting "a
SOS, 900; he found some losses mortgages; did nos
take deposits after Reds report OF November 1875 10
by some of tho bank officers after Reds report
DIFFICULTIES IN THE MUTUAL BENEFIT BANK.
Isaac Smith, clerk In the Banking Department testis
fed as to the examination OF the Mutual Benefit Saw.
ipgs Bank as follows:-It examined by Reid,
December /, 1873, when the assets were found do,
ncent to the amount Of $500 10; the bank reported
January 1874, that the trustees obi cations
$1,000, aud July ], 1874, the trustees obligations
$1,000; to balance the deficiencies January
!, 1873. tho trustees obligations In
creased To $el52 II; REID examined the bauk
tho of S227O0 and Tho income short 81, 1891
the trustees did not pay the Interest tho call loan
TOR several years; Reds examination made the
sets the same the bank. only valued them differ
emily; William L. Aldrtck, receiver OF the Mutual
Benefit Savings Bank, was appointed December 1875,
two dividends together OF Ify cents on the dollar,
and hopes to pay twenty-five cents more
Cross examined-rho bank held ST, 900 In real
estate Ia New Jersey; tho loss on bonds and mort
gagos is nearly $50 600; thcre saies OF real
estate Tor cash call loans were not paid parties hay
ing failed.
me counsel for the State rested after considerable
debate.
Tho request OF counsel for Elhs 10 adjourn untE
next Tuesday was granted.