The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-09-29
CLAIRMONT SAVINGS" BANK.

EFFECT OF THE BRoADwELL ExPosuEE--A
COMPROMISE PossIBLE-IHE RECEIVERS POSI-
TIoN-THE BANK EXAMINER EXAMINING.
Naturally the seizure or the box ni securities belong
ing to President Broadwe OF the Cialrmont Savings
Bank. created some little excitement among the people
interested in that deiunct institution The idea That
the tricky President of the bank should fall into his
own trap was matter Of congratulaton to the duped
depositors and when the HERALD announced that the
stocks and valuablcs in the Park Bank Safe Deposit
Company would probably aggregate 100000. the
spirits Of the 1043 unortunatcs In proportion
to tho chances OF realization Of these odds
and ends slowed away secretly One OF the trustees
yesterday said 80 do not think that sherman Broad
well would have been SO obstinate about settlement
II he had not been surrounded by bad advisors When
the committee Of trustees went over min, and
offered all the immunity in their power order that
he could visit New York and settle his differences
with the Clairmout Savings Bank, he seemed TO be
wiling ana even anxious 10 accept their proposition
But nc was caught quietly coming TO New YORK ana
cndcavorng to take box OF vauabcs from safe de-
post company which held II in the name Of tho Clair
mont Savings Bank. His wife and daughters. when
visited Them were painfully ANXIOUS, not only that he
should assign everything in the world OF which be WAS
possessed, but they wore, woman like willing 10 give
NJ everything that was assigned to them IN the shape
OF valuablcs anu securities in order that tho PAINFUL
scandal with which their ather's name was connected
should cease l confess" continued tho gentleman,
~ never had my heart wrung more than when heard
these ladies aud their tears, but had n stern
duty 10 perform to the deposItors and 10 the commit
tee OF trustees was representing, and could not
did you see Mr. BroadwcIi todayP" asked the re-
porter
"Yesn
'what effect has the discovery Of his clandestine
attempt to take tho securities from tho sale vault had
upon him ?"
"A very powerful one. He is utterly broken down.
You must remember he Is scvonty-six years Old, and
and while strong influences are at work 10 make INN
fight tor tho property which he claims as his own. still
equally powerful ones are exercised to lndnce MN to
surrender everything that he has unlawiuIly appro-
priated, and thus 10 secure immunity from iurther
prosccuti0ns'
.'Do you consider that majority OF the trustees
have been Implicated in the overdrats made ON the
banky"
voved, but the others named IN some vi tho papers,
including Mr. Henry Parsons the former counsel OF
the bank, arc not connected with any such trans
action"
'How about Hoyts"
"Als TRANSACTIONS with the Now York, Boston and
Montreal Railroad Company are matters of pubic his
tory, and it seems plain the casual observer
that no used the bank Tor his own purposes"
The receiver was absent yesterday IRON the bank
during business hours when he did appear simply
reiterated that tho accountant Mr. Siblcy, would not
There were no new discrepancies discovered and the
books were being proved In the most thorough man
ner The receiver stated that he mad heard that a
MIR. Onderdonck, counsel for Mr. Luther Hoffman, OF
Kingston Ulster county, had applied TO Judge West
brook for order directing him uhe Recovery TO de-
liver to his client $25l deposited the bank alter It
had become insolvenL Mr.. Winsor, Of Winsor Il
Marsh, opposed this order the ground the de-
post by right should be retained and subjected to tho
same disposition as those OF other d0p0sors.
Mr. Winsor, nso acting ON benalf OF the trustees Of
tho BANK been IN Boston Tor the last three days
cndeuvorng to get hold OF assets supposed DO
recoverable there In Holyoke, Mass. yesterday, he
took possession OF crockcry store which cx.Secretary
Swan had made over TO the bank, and It Is supposed
By those take sangune view vi the ailair that
tins will add S. 90 10 tho assets Of the bank. This
place. IL is supposed put up as part security Tor
the Mcrwin notes discounted by the Ciarmont Bank,
an account oil which has already been given In tho
HERALD.
At schenectady the Cairmont Savings Bank motion
Judge Samuel w. jackson Tor plaintiff, Samuel Marsh
Tor the bank and f. W. Paige for the Attorney Gen
.eral. Judge IandOn, after protracted argument
held that ho would Try to enforce his rights to
sed The present receiver, but made appointment.