The New York herald., 1877-01-13
FISHKILL BANK.
Alleged Irregularities in the CASH
ier's Accounts.
A HEAVY DEFICIENCY.
What the President and Barlow
Have to Say.
WHO IS RESPONSIBLE?

PouGHKEEPsIE, Jan. IL, 1871
The quiet lnto village OF Fishkill Is most apxiousiy
and deeply interested in the sudden and unlocked for
expose OF irregularities the accounts OF Alexander
Barlow, cashier OF the National Bank OF Fishkil Tho
news was FIRST to the public on Thursday, ana
Immediately the alled with the widest rumora
One that the deficiency amounted 10
500, 900, another 100000. another $780,
Another report stated that the money was
paid over the counter to man who has been living
a fast life None Of the rumors or reports could be
traced to reliable foundation, and then giving up the
gossip of the village sought an interview with Dr.
Lewis II. White, President Of the bank, at nnc
O'Clock this morning tho bank qucs-
tion. He was in the Presidents room with Mr.
l.. c. RapleJe. who is now acting cashier. Out
side another room WAS an expert who had just ar
rived from New YORK, and who had commenced de-
tailed examination OF all the books OF the institution.
Tho Doctor said substance that the latter part Of
last week rife that Mr. Bartows standing
jeopardized. on Monday OF this week tho
Doctor away. but when he returned at
night the aud reports stronger
than ever, and from such that
he found II to be duty to act in
prompt manner. The next morning (Tucsday) he
walked into the bank ut eight O'Clock aud found Mr.
Barlow sitting at n table IN back OF the bank
working at his books. The Interview was bricf but
10 the point. Dr. White SAID TO him abruptly, ''Mr.
Barlow, your services cashier OF this bank
longer required" Mr.. Barlow looked
with the Exclamation, what IoryS Dr. White tnon
charged lin with 'irreguirites" in his accounts,
when Mr. Barlow assured the President that every.
thing would be found all right and lei. the bank. The
story was brief, out IN II was tho wreck Of man who
has always been highly esteemed DIR. White IN fur-
her conversation stated that the amount OF dehcency
has not yet been ascertained-n TACT, no said
1t was utterly impossible to give any idea OF
4 Uot Tn "A vsnc Maid m lraffu
When DR.. White ASK ed who made the overdraits
he declined TO say but stated there were several per-
sons on IT whose line OF discount had been over
strained for some time, ana Mr. Barlow knew 1t.
There are means at present OF getting at the amount
OF deficiency IL may or not reach $5O.00O WHAT
ever will urn out TO be the people mere have the Ut
most confidence In the solvency or The bank There
is one bad look about the natter ana that is that Mr.
Barlow has sold bonds that have been placed IN trust
in the bank Tor sale keeping.
BoyD DEPosiroR's STORY.
met one man the bank this morning who had
So 900 In bonds deposited IN tho insttution He said
that since the Developments he had asked Nr Barlow
where they ana he told him he had sold them IN
New York and paid the money in bank, and that The
bank was good Tor them There are no doubt several
other ike this, amounting in all perhaps to
SIS 900 or SO 900 all OF which will probably be lost
by the owners as Is the opinion OF legal men that
tho bank is not holding Tor them.
RrMoR ABOUT THE SAVINGS BANK.
There is story that The savings bank ol TINS village
is involved in the difficulties OF the national bank, but
there IS no truth IN IT, at least not 10 any extent
TINS REMOVED CASHIER
Alexander Barlow the removed cashier, has been
years. He appointed cashier uutil 1863 HIS
character ana good citizen has never before
been quest 3ned He warden OF the Epscopli church,
and In the every day walks of lie looked upou
model for others to pattern after II is stated on
pretty good authority that not only has he sold bonds
OF outsiders placed in trust In the bank but has also
sold bonds put the bank IN trust by his own securi
ties, men who were ON Ills own bond OF 100000
At Mateawan aud Fishkijl Landing the greatest ur.
casncss felt all day yesterday IN regard TO tho re-
SUIT OF the pending examination OF the accounts
of the bank, but last night the
principal merchants at Mattsawan. who has
$40 900 on deposit returned home feeling satisfied
from some unofficial assurance that the bank would
AN INTERVIEW WITH BARLOW
ON my way here in u sleigh from Mattcawan. met
cashier Barlow going TO the latter place, and made
engagement with him to meet him at the knifu
House IN this village IN the morning. lie was on time
promptly, and In quiet room made the following
The capital OF the National Bank of Fishkill is
$40, 000 and there Is surplus OF $50, 900 We havo
500 900 oil bonds IN Washington, worth S2z5 900,
which there Is "A circulation Of $ls0,000 Inc dcn-
cheney in this trouble ranges from 500 600 To s6000O
1t was caused by ovcrdraits Some Of tho bonds that
put III the bank IN trust were used-say $50, 0Jo
They were hypothccacd to keep these ovcrirats up,
aud when the overdraits are paid the bonds viii Ia
paid. consider that threc-quarters OF the overdrstu
good. had tho utmost confidence In the men wne
made thcso ovcrdraits.
CoHREsPoSDENr--Wbo were the men?
Mr. BARrow-Oh, u wouldn't 40 for me TO say nov.
CORREsrONDEST-Who WAS the principal onef
Mr.. BARrow--i cannot tell you that either. They
are willing 10 give up their hvcs Tor me to-day and
since this trouble commenced, ana they have
all told that tncy Will stand by
One thing is certain. am not going to leave town.
All the money had in the world invested tne
Duchess ore Company, OF which Alard Anthony. OF
Poughkccpse, was PrcsIient (with much fccllng)
hot worth much as the clothes you nave yonr
back. IL all lost there | owned a mile house
down the street, but It is mortgaged My wlic has
shares OF Lake shore, but she offers them now To
TO beip out never spccuated IN my life All tue
bonds trust to which refer were hypothecated IN
New York. IL seems as n the Lord took hold oi my
weakest spot trusted men who never betrayed me
before vas too good natured aud everybody knew
1t. The directors thought the credit OF these men
were not good, and thought different and there Is
where | wrong That Is all there Is of IT, shall
stay here and redeem this wrong as far rs can.
This closed the interview, which from the start
power one, and nj times Mr.. Bartow's emotion was
so great that he almost choked with uttcrancc.
THE BEsIEGEp.
All the morning the bank has Ueen besiegcd by
toners aud others Many OF the callers who had lett
bonds there Tor safckceping mnde demand tor the
same but the officers OF the bank Informed them that
they could not pay anything over the counter until
this matter Is settled and The full result known, and
that will probably not transpro for several days. QUO
man who came out of the bank this morning said he
had 81, 700 IN bonds Ia the bank and they gone.
One OF the stockholders Of the bank Of the opinion
that the deficiencies will amount to 100000
The best people OF tho village speak IN sorrowlul
terms Of Mr. Bartow's position.