The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-09-23
MORE BANKING MYSTERIES.
HE,ULTAR HrPOTHEcATToM PREvARI-
} CATION, FRfUD AND SECRECY.
r,,s,dent BrondweTs son-in-L"w Explains
why he Took Away some OF the bonds-
Ger, suniiey, swan, and j q. Heyt.

sen. suaiiey, swan, and d u. heyt.
Ccn. Henry A. Smalcy's bond as receiver
=, ,hn Clairmont Savings Bank was filed in the
comfy Clerks Office yesterday. The bond was
NOT flowed TO be shown. Gen. Smalley said
tina, the hondamon wore H. W. Ncwcombc and
Jnhn A. Stroud. The bondsmen are Richard :.
N.veombe and John II. strahan. Mr.. Strahan
e a lawyer 1T 15i Nassau street He was mt one
lime counsel for Andrew II Green when he WINS |
r.mrtrollcr and Mr. Ncwcombc is partner VI |
o1.Iulge Albert Cardozo. at 25S broadway. Mr.. |
N,wromhp said That he know reason WHY the |
,aues ot the bonlsmcn should be- kept secret |
e,c,rt that. for his own part he did not think
ba, Il was best that lawyers should 20 ON each
others bonds
G.n Smallcy went through bankruptcy tow
months ago. He WIS ndrullcated bankrupt
nm Feb. on the PETITION ~ seven crcdltors
,,ur II whom were rclat vce. their claims br'ng
Tor nioul 500 900. John III. Plat w"s ~"i''h'cu
'o' ~. ,,,,Lo NO.. --r,rd any assets. and
rb.n SIR Smgllcy applied for his discharge on
April 30 therr WIS no opposition on the part OF
Me orcditors. AMI his discharge was granted n
t,,r days later. soon afterwards Gen. Smalloy's
tther died. nni he inherited property. He
..,. poss"s.ion NJ the bank early yesterday
rornine aud nj the request Of several OF the
dcpo-.tors. appointed Nr. +. +. Van Derveer
bis counsel
aeut Broadwcn. who was present on FRIDAY
,v,n.ns when Mr. Brondwcll was arrested in
his house On jersey CITY Heights. met the EN-
.minin. Committee Yesterday morning accord
int, promise. Nathaniel Miles, cX-Spcakcr Of
hs Wv rsoy Assembly. came with him "a
r,ur.el. H. tod tho committee, as Ia thehonds
o, The bank which ln had deposited IN ms own
nam. IN tie Union Trust Company. that he had
attained "a loan IN thru there in his own name
al tln rrlu i OF ), 'r'tary swan. THIS was
no MIR SvIIUH UtnIp ana tnW name oil the
Ca,rnoit Satir.s Bank was not well known at
ur Union Trust Company AID President King
rr,lrrrsl to make th" loan on the bonds to him.
whom he know to hs member OF ne stock
,amc io him with eli 200 in bonds and after
ward with g. 5o0 in bonds All of these were
hypothc'ated IN his own name. Subsequently.
Mos SY Gond Witch ri The amount yet on de-
r,eit ti2 500. Ne told the committee and the
5eyF una, TH S S 'g Tns Eo%pSSy he
Itood ready to release the bonds. He had not
mad. more Aan SIC en- n. whole ssaessctisn.
md t'lst was In commissions. Tho money
Ioaned by the Union Trust Company was IN the
lhapt d a check PAYABLE to his ordsT which he
Of the ,ransn tons would show for themselves
on the hooss Of the Union Trust Company. =,
Mr.. Alexander Bonnen. who signed Mr..
tiairm'nt SAVINGS Bank In 1872. nj has since
res gnsd. Mr. swan says that Mr.. Donnell never
bad any checks in the bank nor any ac cunt.
tni hA- not been IN any way connected with the
pe.u.aion ilnt has t"cn AIRED on; =,
l.
well Yesterday afternoon Whom they returned
they reported mat they found him IN bed and
sdeton and from nervous prosir9tlon. lis
physIr.Au requested that no attempt he made TO
klk g. him on business and NE committee con-
Iantrd 90 rcstpon -ment OF the business on
~ % IN } went until some day IN the fore part
sfthla we Z.
The bundle of cancelled chocka found on the
yilewaik opposite tie bank on Thursday even
hg by Onlc-r Byrne were drawn 10y n.
brrnosjine who has an ufllce at Ga Lisp,nard
rts flf it.lu IL
ini one note. amounting IN all 10 over slTVWO.
II drawn in 1874. Mr.. Bern slime said y.estcr-
DAY that he never had any connection with the
bank. when first questioned about the matter
b. took his visitor upstairs in his house. At -
N.si futy-siNth street, and examined the lock
Of large iron safe with tho idea that he might
have been robbed Of other and more valuable
amn I With Convinced him that no burglar
Rad visited his housr. NeAt he made inquiries
II hls mother. who told him that about two
faSntn who had called at til" door one day. He
.on 'lults. therefore. that the ragman got his
.heoss and must have dropped them acci-
1er'.ly m front If the broken savings bank IN
joln" ~ b. : wand rings about the street. :,
loan ana Indemnity Company said Yesterday
liht that company had hdd experience Nitt
John 4 Hoyt, one Of the trustees OF tie Clair
mont Bank. " He WINS on. NJ the orig majors o.
AZ ompanY, and induced number Of us tc
,nsgriDe. W. al paid in our suiS, ripton'
IN iu.. excepting Hoyt and another. HQyi paiC
Ina rnrt. and kept delaying paving tho balane'
init hr WAS finally iOrcedto do something. III
oa aid M an S@T R RGfS co g T.m ' vii
iou" u.lairral-. 70 ray for the h9lHhre ~ nj,
,io,k; | mink he and ths other party tool
onl,ow him 10 do il. But when the notes cam
tar. n6i worth unwilling. iioyt never pai'
thytlus mur', ana when We NOtei 10 Wlni .ul
n, c0ntln. those who had paid up in ful
CAM NIt " .th a loss ~ about MY per cent
That = ON % h operations 1t might nav
t.'i .2n' m s'od lall! 10y nm bnt yon mus