New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-07-28
THE Ellis INVESTIGATION.

TBR CASE OF THE PROSECUTION CLOSED AS TO THE
TuRD-AyENUE SAVINGS BANK-rHE PEOPLES
SAVINGS BANK.
SARATOGA, y. y, July 27.-In the Ellis trial
before the senate TODAY samuel p. White Receiver
OF the Trad Savings Bank, fled regarding the bonds
and mo.tga'cs and cHaractc Of The came
him The w.uo,, svuiard by Senator Prince as 10
the MORTGAGES Tor 5000 @,cl tie BroOkiyn property
which did not lLe $500. Senator Grard asked
the witness about tine mortgages given by the
Trustees Of the Bank. ana inquired what
done with them. Tine answer showed a very
much mixed condition ~ The transactions referred
TO- T. answer io senator St John, the witness said c
fouu lst OF Trustees bdt Of them acpwle iaed
to naans acted sucI. the Bank being rai,d appar
euy ig thc Prc-id ut and secretary The witness 0ld
noi personally ,hauns thc property Ou wido Ac fore
CO Oh. mortgages TIE counsel for de- prosecution
XIV. Notice th 'Icy rested tl.ir case TO the Third
avenue Savings Ba.k and proposed submit; ,esta.
rc-.I',gc thc P,1ults Saving Ban. Senator Wood.u
moved that the respondent proceed Wit tie testimony
foI Tie deepse the matter % the Third Avenue sayng
Bank. After much discussion VT. Wo,iu withdrew his
mo,iou. and gave notice that he vodld press it on
Aondsy
I,peiy-sl,.ri. II. T. Lamb was recalled TO
telg r..rtire tle condition 81 O.. Peoples saving,
Ban, u ISIS. y d,uuHcd the rs.lrt dated July J.,
1915. received August -. j. tcf,cti not
mS &c State stocks Mfr Rlrs Secle, ry Of the Bank
called ~ 90. Department.; witness conyrIscd with Mr.
E.s about BJecr- Mr Ellis and the Vines agreed rs
L. Rc.rs apparent .uc.bciency The witness produced
tie report ot the Department Examiner of september g.
1s73, filed s, ptoub.r25
sheldon W. -Nccly, MANAGING clerk Of The Attorney
Generals Office. was 1r. aud produced the Judgment
Iol il the Gaze OF the Peoples savings Bank letter
read from superintendent Eris, dated September
Il, 1873. asking the AttOuey-Gencrai 10 begin pro-
occl nc- saying tia. there had been deficiency ia the
Assets I-TI ard taa, the Trustees had gwen bonds for
the same and thai to ocu,eucy had Increased 10 date
To complaint made by the Attorney t'cneral alleges
that tle BaIs bad been .Olycnt Tor moro than ycai
but ,rc 10 record vi tAe the Attorney
eiai. register
81. L..ur as recalled, and Identified AND read copy
ota ioc. % October 1879, from Mr Rogers, Secretary
o. tie Peoples saving, Bank, Offering To make up 500
900 Vo.'b o. nt.rcstpiylu2 securities 10 cover the
cca-el also tEc reply ~ Es. on ring TO 20 down 20
tJc o.. thc securities should br completed the
l.csuf j., gers ami reply ~ Ellis, November 20, cali
in 0u e Trustees "a the deficiency in order that
u t0 close thr hank might bee discontinued
u iAe 5t ~ F,aluary, 1870, Ellis wrote 10 Secretary
NfGtfa that tie delays iu sending reports were Ia
e1ru-tbt 90 November. 1870 Ellis wrote 10 Attorney
Co. -'tit showing deficiency IN tic Peoples Savings
Bank. aau asking ban o. proceed 10 close % up.
NJ lit Afternoon scs,0u, Mr.. Lamb Deputy supciin-
1Aaiulucr Reed 10 Sir. Es dated November 10, 1873
fgaidug the ire gula;ics OF the Peoples Bauk. The
Cav looWiug Mr Ellis wrote to The AttOinet General 70
clos tAe banE.
Isaac smith testified: Went with Mr. Reed examine
We FcVlses Bank; did not agree with Reed made