New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-08-03
SWINGS BINK uETHODS.
SUPERINTENDENT ELLrs's TRIAL.

SUPERINTENDENT EILIS'S TRIAL
,,onr testimony ABOUT THE PEOPLES AND THE
IoANER,' SAVINGS BANKS or NEW-f"hA' ANp
THE GERMAN OF Mogm>ANiA.
SARATOGA. Aug. 2.-Ihe Senate this morn
inc examined March,. T. Hunt. Deputy Au"rH') 'N''''
who sand he put the word settled ON ih' I'-,' 10
,I ami, n..eu AGAINST the Peoples Bank. testified 10
some days since; did ON the gener" ul''i
That the trustees would pat up securities da NOT r.
member being instructed by Ellis.
t.,o,,l Clark, bookkccper of the Loauers' BANK ana
# IA. Receiver was called Witness SAID the BANK h""
l,rge transactions with the Coutnenu LIE I'ui'"'
C,lptuv lrIsug SOL 900 Wortho OF railroad h'nd' "in
stocks for 900 ON hi crosse Xlmnallon he s'' o
, u,1 called au Examiner n ti' bans sever tln.s
49, member seeing him 40 the bank or hetrhf inst
he ud been there for the purpose oil testing n' p'"'
oErt ,g i Northumberland the bank failed be
en-, ,t trouble among tine trustees th'y pr"pos 10
~ .,,for Prin.eThry expected to receive 100000
for fuc cnarcr ON account "i ihe 'N'"'il'h"9 p'',
irrc. II contained; 10 was large p""hni""hh oS'"O
rIr prosecution produced the opinion 81 VIM Tracy
u, ~, referred ia The witness id-ntnsd 10 ana rad
t,, h That Tracy md not consider lht L"thtI' h'hN
.ilisct to Chapter j2l of the Laws oi ISL ~,
W warner General clerk OF tnr Bans - tiin,l t,ll-
O. i,f ~ commission issued to it-id a7 Bank ~
,,',,er March 81, 1876. II WIS returned ht II WIN
a note that tie bank refused 70 hc eAima'" me
'a,,is .,,n which was missed from the NE N lhe
Department, has since been ."tu''H a. l'l' ''
s.,,nt4 Committee To NJ. hc"uit iIt ''"ii',
'i h - printed form aud can De- Duplicated.
D+nlty- Superintendent Lamb produced il, SOM
annual report of tine H'lnlh 0dlluE' l"uh 90
Worr,ania ,latcd January !, $50 soWluk .i ,c,,'
Of a.set, amounting o. 9&41- - ON Apii -, 49, -
s Ms S' "i sell Is difference ia the estimated
yalnr Of town bond, ana railroad 'i3c cii' 81 ,' ',
p.crmber -. $50 Ellis informed tie trustee ,lli'
Inc iriicicucy must bee made up on January J. l@'o'
ihc bank reported an eNr,. ol - - 'i'u ga
/ lS77. au excess oi sI-ujl' \ '",'',l'', 80 W 7,
cam. up during the Latter part oi tcnihIl l9' 49, ahl
brli an interview With Ellis; don hoM WIZ, '' ,i
N,tI.r from Hall, attorney OF the h'hA' January %;
$50, lid they had put in bonds ehI moil sl-es ana
made r deficiency good \" oth'i el''.S @ vl' n
xreptiuc one Eils 90 tue ATTORNEY "ch'i" e"i'
orS 81 ISL recommending that the hinh bc closed,
and a. ulauiu- mat b. bad on hth9 'isr a',i OF
Town bonds which had been relllit'A "li n i,'
If trf,,t fpr several years 1he baak wac pat n the
hands al a Receiver Ia jay. i7'" ln' r"1,"ls l,
uiourd against putting lt nv" 'h' "'u'' ~ G
Inn r.i,, to uator Gerard witness shd tn'i. We no
cvl.ncc 100 department of c'''n"''9n ,A',l y - i'
Ems made uo statement on ne N'''', ~ t'tt
- ohu he said tu.Ie vas to lnooi o tir u' '"'y pt
mg made go1d except iroh report, oi lh' h"'," g., M
,' lfig OF Inc report oi January H. l-s' ie valued
t bond, les than the trustees ina aud I"us 1de tne
WaI j. Best. Receiver Of the German savass BANK
,t..rf..lul. testified that tlt amount ol assets hr
found was el5l,u-- - ii' a'u nov '''i,', ,
~lIOJO n VIA bonds lh' t'us. - 81" 10 P".
lit so Il, max, up tine deficiency. Toe bans made q
ti fn fhe Aiouclar Railroad of NrWlcr-cl Do rritrn-
brr 1872, aAug ir. mor't.ss Don1' a' , ,,
made further luius to Go. sam, I"id u i,t .i, ''l
-,pfsmher -7J. Only rloupl were ever pali ON ll't
bonds. ne read from the Trustees u,os "i minute /,
shaving the anxiety o The Trustees Co make up i' de-
nccucy In tleir eiotl' To- save 'i. s'''., M
of the Trustees contributed To t"t 'nu, Dh
February 20 l-11, counsel ami one trustee
ve.r sent h. Albany 20 consult bile IhcF
r.tprei that Ellis said tie deficiency murt Do nude up'
s,d hr would pay the deposuf- 90 per cent " the see
fr. Of tr Trustees good ANA % the town bonds
were paid Doe would lMN uV"i tVt't ~ W -
atlnn he said that hr found Il ihc assets it
portrd Jan. l. l-43 Tho drhgtugl was die =" the dli
irc. u The valuation Of bo. d. lie found there were
.u 900 due % depostor-. Daring tic lhet I've mohth-
~-oOuO were drawn Out by t' Trustees ami othtrs Al
ths r,au,. of senator Hams, tue Recover read truu
the minutes the cost ~ lunch no. aud wines ~ a
when thc bank building vas finished, when Was added
10 tho building accounts. Adjourned.