The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-09-19
RUNNING A BANK ON FAITH
nor the CL.ifRMONT'S TRUSTEES PER
IORiIED TUEIR DITIES.
More Surprising Discoveries by hank Exam
'ner Orvis-Thc Deficiency Larger thrs
was Rcported-SpurIous Certificates Used

| the Clairmont Savings Bank. at Greenwich ant
Dey streets hurriedly called n meeting of thu
board at the bank. President Broadwell was
tciegraphed to at his residence on Jersey OF,
he'sh's' put sent rcply that he was too III to at
uhu' j" was whispered that Bank Examiner
| Orvis had discovered other deficits In oddit,o,
to the s6i,OlI70 reported yesterday Al III
| o'clock. First Vice President md socro,,r,
| David j.. Swan. Second Nice-P President Cornell
| Henry Parsons. trustee and attorney for tn,
| bnnk. MIR. Knapp. George A. Moss. Charles X
Millhcr. Samuel Mnrsh. John o. Hoyt, @. ID
Disosway and Bank Examiner Charles Eusti,
Orvis We're present. The meeting was private
II lasted until 3h o'clock. On the door of tn.
bank. beside the notice OF Mr. Oryis announc
Ing the closing Of the bank was a notice o.
Messrs. Young a Wegman that their check,
made payable at the bank would be promptl,
met II presented at 10 Barclay street. Mr.
Wegman said his firm had money enough on
deposit to meet outstanding checks. Mr. Broad.
well told him. about two months ago. when h,
retired from the active management OF the
bank. that it was perfectly good and that there
was $1,000 surplus over all liabilities lie
would believe Mr.. Broadwell. whatever he
might tell him. Mr.. Knapp. too. was a man ir
whom everybody In the vicinity of Washington
Market had unshakon faith. He il, said Mr.
Ncglnan pastor of the Laight Street Baptis
Church; but. setting aside his Christian char
actor. he is known in business circles as "A map
above .rsproarh.o, Mr. wcsmsn had "A grea,
had n or r nf o 1wan rar so No. l2ng ago h
WIZ SICK to the bank and grow up with It,"
NE D1er2siiors cape frequently during the day te
Hihk" inquiries, hut they Were not admit I'd ex.
cept after repeated Knocking and most of them
M,nt away without sr.ing Mr.. Swan. Those
VINO saw NM received no comfort. being told
tlnt thcy must await the result of the invcstign.
Nphii AZ . clock the n"otingwds adjourned
Mr. Knapp was met in the outer Office 10y n re-.
porter Tor Tht SuN. lie said that the true con.
u.al1'i oi ~, h4nk was an utter surprise to him
r,t,, ,hnVr. SAD hc, NOR" than half II dozen
on my fc 'omm' n'lation. Oniy vest, r,iay morn,
fnT f,T @ WI, lr.aifin* t. ~ mor, money thcre
told th" result ui this ilr,tins ain trrribl,
disupp ,n"i. anil don't HESITATE 10 say il
wiqnn Il in prfsii' TT Br,adw il. and / onli
W~h l' W"r" pres NJ To- hear MO say 80. doni
want i9 - into patti 'ular-. br.ausr we have ap
p1ntri % rolnmiiu" t. inv, ~ gntn.'
Mr. Knapp WIS r niii i"l of his clerical posi.
u'I. ua ", ns OF Ii own stat mont that mann
persons hai put money M the bank on his re.
,ii coniin. '.t'Hn u- trustee. and asked how he
a., room II" Win hi- MS OF moral rcspon.
slhllity supervision vi the bank that allowed
did an | could" lao answered earnestly
visited the bank nt least once every two
weeks, and got IRON Mr.. swan and the clerks
a. the executive business Of tho bank myself
nave 70 trust my clerks IN my own husinessa
Nh Rohcu g.. Cornell Who Is Il wholesale
similar question. How cun be- blamed Z" he
,,i.ii.u. a., ~ -, ". We -ol - rus, somebody. You
trripie punishment h.'au-' h.s tl. keeper EN-.
"'ii''i,n., tii Mii'i s",l "a money IL IN nm lie
somc6od%y % to doit m 'N, e & i na f. Tn rust rust
, ~ ~ s.i 'ii"t @ i'tr iial 'i "i me indebted:
r,tiy..In' M utiN t - ,ur 10 l i-"hu r. nds and
hri.'' hI,y ',"S w., 81 NE "nirir nn-t'~ don see
ui"w tnVst oi us could have done any better
N'Murr , rn..n nN '"h,, nu', -, ,i.., ,..,,
s'iAeN mere. lie aId Not c.ou-t. To say where ~
Ei, -G ~ W'rlhcr ir thought Pr@i;
tnnt l.i ,f, n1 W'S ''"r "i inu', te replied
mo-, A.u nv, IW,,ru ,,.. tnr lHri iG,nr"d IN the
VS. T6e Urn I ,d y & r 1T1" s., an, ant , Nr Or,
mn d., ,',,,, - ei. ti'' "I-l ,n'l lupusIi
"I H., th XXX, IN, rr IT., -. ~ VT , ,.9ii hot D. iurt'
a "N'' ar. 10y nimti"d hat The de-
mn 81 il a., r. ~ tN .'pt lrnt Brntdweil
H. - ~ H. 'lt, NV M + ~id' had known ot all
Thr l"ad S ,"ntinun5 ol t ,SS SSir or,s "wos ,
whrr" II H. .l,n.5u ~ XIV "HW y , VIII he put
.S .,r,t ir"St y, ulIu 10 nlakr nN
H. H. ',mhe "yh VM,nE him M mu' as he, owed
inJI,.i ~, , 'N@ni @ mere t,ils ne ti li3yt Ia
n't t,ns nI"uEh Aeha anu questionable trans
iD@"li,tions wor, n,s.ol or,,,,i,,, ,, fla
,, ,,,,9,mS ,S ~ ulf oahk ny ar. Orvis. An nyesti-
I",'tf r., ,oinlliltrc wa, app9lated. comprising
and m" Eay- Inv nIn,uIA NtrSh ue4rsr A. Moss
T." VIZ ~ m,et al me bank TINS o2rnng at half
a. ,i,,, ,, -, - i''''"t u 'iI,lhl 'NHlnlnhtlon
.,,,; ,,n, nnni it"nillh's' IL was nitrrwhrd
:, ,i ' "'' ~ a. iiu.ihs ic meet tlhs Mr. lioyt was
u III, h. ,, ~, iu, unc room lnr snort time.
~ N S,r ""S i'''s,,t - ~ hniivr whir,l ne lad sent
IN ~, ' ann. @ tl'" ihlidir 81 July was rcad
Mr. swan hnd h"..cS.i "S ~ ,IrpiI{ 10 one IA whicn
M ,lru.ien.v Will h,i ~, i irost & =" uIMnhe Tx soou
ln hni rn'i,I Tr nay u'ch ,'"SNi y money
nd tv n..,,rin,, NJ AZ Ill ,,.u .Ynhi hun Nli' 10Y ro-
n ~, i,,,, III IL ,h "wIh an wv u" Woull 'arry
a., T. Li,, 80 u ] ~ ,.sit u hr loWlh would stick
h, , ''i ~. , m'1uiiu uihl tnW ne was the best
, 'i, 20 i, , III -, n.ui, ir oWah toid the board
i" W , v Ia" H,ri W lcl'crS from Nir hoyt oi sim.
-, @ ~, J., - nls. r'I',i on NE authority of
=, S .'''i r,"nlly iuSt maze some request
~ swan WHICH sym, aittr Il long IL gulncnt, re-
" h ~ Il 70 Erhlh. u you don't was the reply,
= W. VII 'ioaY uI lh's phhk al O'Clock today.
'MYt Il a'ii I" l4hFc trein l'd ~ the throat and
io,l,u ~ 10 NE urmGnd. lhe dchclrnclcs have
'vvh IuhhlhE ~ long time.
4 hh'71liI'idy hr' orN's discovered additional
ihi.,tll'S ul Il startling character. II" found
iu.t ~. pnnN hau ISSUED bogus certificates oi
i,pust. h''-" stated that IN" man whose
!dih' was Wrillrn on thrir face had deposited
N!uilH sum oi money. Mr.. ltpNt he said. had
y ia, a,n'l nhoHt sI3uoo oi these certificates:
10y H"",'' M h'nuNtd, WIS on ur face OF
'' ',' u.'il' ~ }, were sEnrd hy Alr. swan
,'"4 nh, "' All l., l. Nll ? ~ hSSlStilnt
M a. D.. ,ihl' ii'Ft hI " h"lrs ANA " IN tllrsd
',"' M W or ,.e- 49, ~ VI '.rta9llr would set Ia
r H''I' a. a., Yi,.'ifIit nlhh4 AlnuhEthe
N "'i' it't f'"'t'lN''! lH'r,. nnrH lul lloyt
J. !.