The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-14
Of Niehael Hahn. the "noancia manager fy' and ssc
Rotary referred to. Tho secretary swears:- ftt

sssary referred TO. Tho secretary swears:- t4t
Tms sscRErAxr's cosFEssIos. tf
when FIRST assumed once secretary tho trustees
urged me 10 take and distribute among them sucu
moneys as should be able 10 make, either BY COM
the bank. In compliance VIII TINS request bought
BANKING V house 81 &c, George ordyEs Co. aud other
~ as or noe Of
ualy paid for these At tpc price OF 81 per cent NAT
was 500; but they were charged in the books OF
the company having been purchased at the price Of
$4,000 The difference Of $500 vas taken from mo
funds OF The tank by me.
Kendai OF the par value OF $4,000, OF WHOA the
amount actually pad was 81, $50. Dot thsy were
purchased at s2s.75o The diiIersncs-sl. ooo--wss
takon by me from the funds OF The bank.
On tho LIST Of November 1871 purchased bonds Of
the town oil Kendall OF the par value oil S25, Oo0 the
amount actually paid for which was So sos 62, but
they were charged on The books o. mo oaak as layns
was by taken from tho cash OF SAID bank.
On The 18Th OF February 1872, purchased bonds of
the oil Hamlin OF the par value OF $4,000. Tue
snooa..a to s.. 1oa 81. Tue pr,ss sLsrs.a ia shs
books OF the bank was So, S63 So The difference,
$780, was taken BY from inc funds OF She bank.
On January IL 1873, purchased bonds OF the town
o % inv p per nat smounoa TO
which the amount actually paid therefor. These
charged on the books OF tne bank az having bees
purchased for $40 000 The difference. 81, 500, Wal
lsken BY me from the FUNDS oil the bank
On August ID, 1872. purchased bonus OF the town
therefor The sum OF $lO,970 o. These were cnargel
ia the books OF the bank us having been purchased AZ
$l1. 3lS co. Tho difference, $34S, was taken oy mo
from the funds OF the bank. 2a
PECULIAR BooKkExp!NG.
The total amoua. o. the a,ersnSss Oss~so o@ .ns
charged the books ofthe bank 10 - 800 49,
In addition 20 this amount there were num.sr 81
other purchases OF securities made BY me on behalf
Of said bank various times between July !. 1872,
ana the time OF she appointments OF the receiver Of
the bank, which entered on the books
said bank having been paid Tor IN larger
amount than vas actually tho case. The difference
entered on said books Of the bank amount the
OF 81 62S S. which money WAS taken by me from the
funds OF said bank.
All the trustees were aware that the securities had
been bought BY me and charged on the books OF the
bank At u higher rate than the actual purchase price,
Attor had IN this way accumulated housand
dollars In The differences between the purchase prcs
Of the bank divided the amount equally smons sus
trustees. paying tho Of each oash. Inc pay.
iops. sssI,ss Il and dssesinx 70 s.eo sru.ss. and
hsnding It 70 him. In THIS way the following pay
In July, 1873 l paid each trustee the sum OF 1896;
10 January, 1873 $685. In July, 1878 $34S January,
ls7a, ss4s; Jaly 1874 $3.50; January, 1879. 800
whether Il was used Tor the their account
10 pay certain coupons belonging TO the bank. tho
pay meut Of which they had agreed to assume. tst
OTHER DIVISIONS.
Until they wore reduced Ia 1875, the salaries OF the
president, treasurer and myself were divided into two
paris; one part was retained ~ those officers and
trustees IN ADDITION 10 me ABOVE named money!
The trustees kuew thai was charging commissons
tor tbe Purchase Of bonds Tor Inc bank. and they
also knew that the moneys they received AS afore.
said were made up IN part from said comm ssons
made by charging the bank At higher rase for the
securiIies purchased than they actually cost
Al the time OF the hrss pay ments TO the trustees
Aforesaid I submitted TO them a statement Of the
asked them TO examine II. They said Is was all
right without examination
had book containing an account OF all these
transactions which was always opea to the inspsc-
ton OF all tue trustees until alter the various pay
msnts made. as aforesaid, after which payment
tho memoranda werc destroyed. lt1T asti8
asrt onf ITO QUORUM yUr. ~ yds ~
The afndavM Of Hsary wenks, one Of the trustees,
4 was one Of the trustees Of the Tsvtonta Savings
Bank from tho time OF its ORGANISATION down
S.v. heard spp0 rssd ~. .ma.V ' sieAs.
Hahn, formerly secretary OF the Teuonia
savings Bank. received from time to time dneren.
OF money from Mr.. Hahn a. such secretary. I
do not know exactly from what source Il came, bus
supposed u was from Submissions on purchases OF
bonds 70 watch was entitled. was aware that tue
salaries OF the officers Of the bank greater than
they actually rcceved
What RECEIVER vsH SAYS
Receiver Fish, when called upon yesterday by
HERALD reporter, said that the bookkeepcr whom he
employed 60 over the books Of tho bank began to
discover discrepancies In entries almost immsdi
particulars Of these irregularities he referred
TO his afndavi,. and which the order
OF arrest against tho trustees was issued
He said It would be seen BY the records
that the practice Of making Measurements on the
books OF tho bank had commenced SIX years ago or
more Two or three weeKs ago he was about TO cause
the OF Hahn, surprising that he alone was 70
blame for ovsrchages, when Hahn told him frankly
that tho steal was joint oonoern amosg all the men
trustees received share and share AXE Of Inc per-
c.ntases, which Hahn set apart for them
..s making S, bonds Ss.,s on .S
whom the secretary prisUpally dcait we're George
opdyke & Co., Daniel A. Moran and henry Bsrhemsn
& Co. Mr.. Fish wished 10 10 be Understood that his
action not based upon the proceedings OF the re-.
meetng Of the deposi,ors and creditors OF the
testimony upon which inc ain dsvs gwen above were
founded some time before the asposisors met
BooKKEKpEB wsSDr's AFFIDAVIT.
Mr. Charles n. wendt, "A professional bookkseper,
VINO Is employed by Receiver Fish IN examining the
accounts Of the bank. supported oy mis- AFFIDAVIT the
crepancisA Upon being asked how shs trustees
cOrnered he said inas tho bankers with whom
what appeared tho books, data which proved thsir
dishonest practices The secretary then "squeaied"
IN order TO save himself AMI told the whols story.
WHAT THE TRUSTEES SAT-.
John Thciss one Of the trustees, islA very respect.
able looking old German, who keeps AN undsrtakcrs
establishment No. 3S1 East N,utn street. He ard
to say much about the matter to the HERALD
porter. fhe matter before the courts, ne
remarked, and In good time every hing conce rnfng
would bc told. Speaking OF Secretary Hahn ne SAID:
al guess he Will mud himself IN bad
scrapc about This bus,ncsa" AS TO hts own
action. he SAID i never mad thing To do with ths
money matters Of the bank, and dc not know any.
thing OF tnem The officers al the bank were the men
intrusted with the snagefpont OF Inc money. State
ments were made by sneru ADD tho bank examiners
from Albany gave good reports OF tho Tsutona, and
u the Baking Department could net ind out shese
things how could wef'
Carl Maori, ano.nsr trustee, keeps a lager beer
saloon at No ia East Fourth street, where the
porter found him IN amiable mood He would,
however, make statement Of any kind, saying that
call lies about hts receiving money IN tne way
set forth by Ham, who was understood TO DO "po
good"
ruE INDIGNANT DEPosfroRs
During the tcrnoon there was good deal OF ex-
element among the dcpositors, and 10 pretty GER
tain that had any one Of them venturcd during the
afternoon to lake airing the east side he would
nave run good chance OF getting free bath IN the
river. al tell you how to treat rascaly trustees Of