The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-28
MEMRsro or A GREAT BURGLARY,

QUEST FAILURE.
| The remaining assets Of tho Ocean National Ban
having been carefully swept together. were ycserda
disposed Of nj auction In the Exchange salesroon
The event attracted good many persons other fha'
buyers. who manifested an eager interest in the pro
ceedngs The stockholders. II sppcars Desired post
ponemont of the until such time as they could IN
vcstigae the work Of receiver and at meeting a
the oico OF OK Mayor Opdyke, few days ago, COM
mntee was appointed to call upon the Comptroller Of
the Currency and ask such postponement On Monday
Mr.. Knox tclcgraphed Mr. Morrcl, OF the committee
III decline order posipouement Of GALE"
Property of various kinds was sold, comprising
mainly real estate, coilatcrais and Judgments The
Irondale coal and iron property In Preston county,
W. Va comprising l. 40 acres Of land, together with
structures and improvements, was sold to Janes
Hodges one OF the shareholders OF the institution, fos
$50 600 This was the most important item on the
schedule Seven thousand Of prairie farming
land IN southern portion Of the State Of Illinois wat
sold in tracts a seemingly low figure; 200 acres OF
II IN Massac county brought thirty cents an acre.
Jackson county lands brought from thirty cents "a
81 SO acre; Williamson county from twenty-five
cents to 81 acre, and johnson county from 81 81
81 80 an acre. A farm lot in Carbondale, H., wna
knocked down for $l2
A mas Of call loans coaterals and judgments wers
sold at from 81 TO $780, On call loan OF J. X Gapin
Company's stock as collateral, were sold for SIS SO
This is the security that deposited by Bank
Inspector Calendar on n call when he became in
voved at the time OF the failure. number Of notes
and drafts sold u, IRON 81 To So each
BONDS, STOCKS INSURANCE POLICIES.
list comprising 300 shares Warner Petroleum Min
Ing Company OF lndianapois Ind. 200 shares Anti.
clnal Oh Mining Company OF Indianapolis, Ind 1000
shares Holman Gold Mining Company OF Colorado,
and 10 shares Salisbury Economic Fuel Furnace Com
pany OF New York sold Tor 50; 10 shares Carbon-
dale ana Shawneetown Railroad Company OF Illinois
sold for So 4S5 shares nrst preferred stock of the
Brunswick and Albany Railroad Company and 970
shares Brunswick and Albany Railroad Company.
common stock, sold Tor SIS 500 shares Portage Lake
Lake Superior ship Canal Company sold
for SIS; 100 shares Fredericksburg and Cor
louisville Railroad Company ana $4,000 OF bonds
issued ny Logan County Mining and Manu-
featuring Company, OF Virginia sold for sl2; $500
bond OF Mount Vernon Railroad Company, OF Iinnos,
brought $40; 40 shares Washington, Alexandra and
Georgetown Railroad Company stock and 40 shares
Merchants National Bank, of Washington, u. O.,
brought ~ nrst mortease bond Of ne Toledo, 10.
$1,000. brought sl5 lot OF 500 shares God Hill Min
Ing Company, Stock 90 shares American Plate Glass
Company, IFS shares Waterbury knitting Company,
90 shares Craitsmcn's Life Assurance Company, 40
shares Miners National Bank OF Salt Lake, and 1854
bonds issued by the Brunswick and Florida Railroad
Company, brought tho astounding value OF $50 90.
PAID up life Insurance policy for 81 $50 on tho life
sold for s5o5. paid up policy IN tho Muual Lie 10!
$40 on the life OF Alfred C. Smith, Jr, brought
tho Home for 81. 600 and ono In tho Manhattan
Tor So 600, sold respectively Tor 81, 100 and s3o25
Adrian II. Muller son, auctionesrs, Will roach per.
haps $4,000
day that should pay deposIors another dividend Of
three per cent April 8. not from tho proceeds OF
this sale, which Will make ssvcnty1ve cents paid thus
THE STORY on TIM Rank
The Ocean National Bank has history filed with
events that well liked In the memory OF tho pub
! lie. IL organized first as state bank. about
twenty years ago. Alter the noted robbery took place.
in 1862 tho institution gradually sunk down, until Il
was finally engulied in bankruptcy in ISL During the
latter year had Tor OF It's directors no less
sonage than Mr.. William NJ. Tweed who resigned alter
SIX months term OF Office.
THE GREAT ROBBERY.
Tho robbery oil the Ocean Bank on me 2Itn DAY OF
and successful execution II created sensation at
the time aud Afforded the detective department such
for Investigation seldom presented The
banks oice was then Oh the corner Of Greenwich and
Fulton streets Below IT, upon basement floor, leased
TO O'keil, tho Offices Of several brokers,
WHERE about two weeks before tho robbery desk
was obtained by stranger, VINO soon aitor binzopcd
| a. O'Neii The actions Of the newcomer little
singular from the outset, but not sufficiently so to
cite any grave suspicious He rarely spoke 10 thu
other ccupants, and gentleman occupying ads
joining room Was surprised TO find one day that the
| m stcrious stranger had nailed down the sash oil
an intervening window, and had introduced part Of
his Office furniture huge wardrobe refching nearly
wardrobe served a screen to hide operations tnat
were then progressing OF cutting hole through tns
ovcrhanging hoor OF the bank.
On Monday morning, the 9th OF June, 1862 the
porter of the bank discovered that Amazing burglary
had been perpetrated. strong smell OF powder nrst
attracted attention. Scattered about the noor
halt dozen caps, and like number oil overcoas,
bouses ana overaiis. such as are usually worn by
machinists. OIL cloths, rubber shoes, saws, jack.
screws, lanterns TASKS drills aud other
forming burglars cabinet OF fully 4O0 pieces, were
coniusedly thrown around Tho vault was open and
all about It in dsordcred heaps bonds and
currency, gold CON- small wedges pieces OF chilled
iron copper COIN gold certificates various other
articles heavy bag OF gold had been lifted from tho
vault and placed on top Of the receptacle Tin boxes
had been smashed aud securities furg about IN tho
| mn LAss I'M Ia nf
the great operation an excited crowd gathered about
the bank, aud the police mad great difficulty Keeping
back the frightened depositora They were finally
quoted through the Assurances OF President Martin
and Attorney Davis, who ai,cr~ard became receiver
| HOW IT WAS ErrECrED.
Those who pcrpetratcd tho robbery did their plan
ming well, and apparently with much consideration.
1869, they effected an entrance TO the Office OF the
President by means OF the aperture forced through
worked from the upper well the under side OF the
hoor, which formed strong argument In favor OF thd
suspicion that the robbers had an accomplish in the
employ OF the bank After gaining TO the Office
they opened the outer door OF the safe, having
binaton lock- without using any force whatever. just
inside the first door hung the keys OF tho door leading
to the interior Of the vault, which they passed. and
forced open third door by means OF powerful screw.
Two safes 10 tho department OF the vault
broken open and rnod, one OF which contained tho
boxes belonging 10 special dcposors. The bank loss
by the robbery about $40 06O but tho loss 10 special
depositors nearer $500, O00
| Tho decd was clothed with many suspicious circum.
stances Which led TO great inquiry and public na,s.
crime or completely thercu. portion OF Tho stolen
properly was found one morning In q box trunk ~
Elizabeth street addressed TO Police Superintendent
Jourdan. Civil suits were instituted by deposors and
tho institution finally forced into insolvency.
| FAILURE THE BANK.
On tho 18th OF December 1871 tho Ocean Bank was
suspended from tho Clearing House and receiver ap
pointed tho samo day. The failure also brought about
The ruin OF tho Union Square National Bank and AZ
about the same time several other similar institutions
became involved which created the famous bank panic
OF that year. AT tho time OF the Insolvency OF the
Ocean Bank C. ). Stevenson was president and J. s.
Hartshorn cashier. Tho capital OF tho concern was
900, aud Its securities consisted mainly OF real
estate, winch IT difficult TO realize upon. IL was
hrst estimated that the depositors would bo paid Ia
full but, usual IN such instances, and shown Ia
the above. tho expectation Will not be realized.
|