The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-14
AN ALLEGED CONSPIRACY,
Stealing the Earnings of the Poor
for Five Years.
A TRUSTEES CONFESSION
Homes Made DesoIate That Thieves
Might Thrive.


ing the Teutonia Savings Bank took dennite shape
yesterday, and the suspicion that has all along
tacned 10 the trustees has been than realized by
the revelations made In the loyal proceedings brought
against them by the receiver, Mr. James d..
Fish. Although many persons conversant with
the apparently loose way IN which the affairs OF the
bank were conducted willingly put faith in the loud
assertions made by the trustees At the time OF the
closing OF the bank that everything would be
found all right" It Is pretty safe to say that
those Who believed from the beginning that
OF the iull extent Of the rascaity OF these
viruous guardians OF the savings Of hard working
poor the side. That the trustees might have,
BY general bad management OF the bang and rec kess
nvestnents, placed in dificulties easy to
celve these days OF bank bat that
the rustees could band together tho bank sys-
temaiically was something that no ono had any
idea OF until Mr.. Fish yesterday opened the lights
iull upon the m,sdcsds he had unsarthed. How tho
receiver did good days work yesterday is easily
told - ta
THE PROCEEDINGS FOR ARREST.
About noon Deputy sheriff McGongal arrested
Louis George late treasurer; Nctoss Sesgris' John
Thesis and Charles Merz formerly trustees OF the
bank. on a civil suit 10 recover the sum OF
$29,344 belonging to the BANK, alleged 10
have been illegally appropriated BY them and
the other officers and trustees Of the cor
porat,on while they were acting directors
These parties promptly furnished bail in the sum Of
$40, 900 each to respond the charge when called
upon, and were released. The other officers and
trustees who have not yet put in appearance, but
who are expected TO DO on hand with their bondsmcn
tomorrow, are:-
John Scheurmann, President.
Frederick sisrist and Jacob Bermann, Vice Presi-
dcnta
Michaei Reinhardt John Hamburg, John schrusg,
Horny wenke and Joseph wigEsr, Trustees
The name Of John O.to is also tho list but he
ties at the point Of death from violence from his
hand
The sher,n received the papers In the case at halt.
past tour O'Clock Friday afiernooa. They were
placed IN tho hands Of Major Quincy Order OF Arrest
deputy, and bis assistant NJ David McGouiesl, and
locked up tn the SALE II decided not TO execute
them until yesterday. and every precaution was
taken SO tnat the defeodants could Lot
hear Of the proceedings, fearing that
they might attempt 70 svads the process Of The Court
The order If arrest granted out Of the Supreme
Court on the 9tn The ground OF arrest stated
In the papers, 10 that the deendaass while acting
trustees for bank IauduIently converted to thor
own use moneys belonging 10 tho bank amounting to
the sum above named
LfrrIx CHEcx OPERATION
The following are The leading points Of the anhdavit
Of Recover Fish,
Prior to my appointment as recsivsr the reuton'a
Savings Bank Was corporation organized under the
laws Of the state Of New YORK and Carrying on bust
1873, was appointed ~ receiver Of all us
property. 'nlnss ~ action and effects, with
Previous 10 my appointment the defendant, Michael
Hahn, had been secretary Of the bank, and had had
Among other transactions had by him such
tary and financial manager was Inc purchase OF
large plumber OF bonds and securities GU bonali of
said Dspk, wncn purchases were made by him In It's
name from the banging house oil George Opdyke Il
90 ana osass ncn ana hac ea n, mus S ana
legged to have been patio therefor were, as am In
formed, entered on the books OF said company under
his personal direction aud instgation. After having
made a careful EXAMINATION Of the books oil the
bank, l have ascsrsaincd that the cnecxs which
given IN pay ment OF the bonds stated In Tho
books as having been purchased Ny said bank
did not CONFORM 70 the amount which was entered Ia
tue books having been paid Tor the bonds ana were
charged against them ia the cash account. Upon
making inquiry oil the firm oil Georgs Opdykc X co.
received an account Of The sales Of said bonds made
By them TO the bank, through tue deiendant as its
secretary winch SHOWS that the amounts v Inch have
b,cn paid 10 them were much smaller than those
xhch are charged tho cash account OF tho bank as
having been pad tnvrefor but correspond with the
sctusi cnscks given 70 Opdyke b Co., and which are
A SAVINGS EXHIBIT
The amounts 40 psia Tor the bonds, 40 stated 10 me
BY OpdvKe Il Co ssd ss SHOWN ny checks, were
greatly less than Inc amounts winch have been
charged IN ths books OF the company having been
therefor uiHerouce
taken by Ham IRON the OF SAID bank iu money.
Tnc relieving 10 q statement OF these transsc
usns:-
1872 July 1880 600 Hsml,n bonds, charged
Ia the BOOKS oil the bank as having been
purchased at QUO %
Amount actually paid Tor e35, hat. $4,000 W
Difference. Observation-Disclosures. 81 800 W
ensrgea mo booKa vi the bank ~ hsving
been purchased $23 $50 90
Amount actually pata. FL $50 20
Difference. ST. ooo 20
1874 November i-SaS, 900 Krndai bonds
charged IN the books OF the bank AZ oaviDg
been purchased at.... ..t23, $50 90
Amount actually pi,d................... - sss 81
Difference. .................. .......... 1851 IS
! 1879 FoSruary l3-kL0o0 HANNA bonds,
! charged ia the books VI ,n- bank AS nav
ing been purchased a.................. 50 S63 50
Amount actually Paa 90 aud intercst. 3,703 sd
! D,nercuee. ................ $ioo 70
| 1873, Juno l2-S60,Oo0 oswege bonus,
charged IN the DOCKS vi the bank as hsv-
| ing Secn purchases Observation-Disclosures $40 0oO 90
Amount actually paa o. nst..... ....... Al 800 90
Differences. $500 %
| 1878. August l3--sl2 700 Noun Norris
bonds, charged IA Tue BOOKS VI Vie bank
as having bccn purchased s............sIl3 ais %
Amount Actually PAID. TO- 80 90
Difference. ........................... t3ss W
TnE DrrxRKSos rvrAL
The differences on the purcnsses Of securities made
BY delcndaut unit of Inc hank from George
| Updykc Co., between what ne actually pstd aud
What he took from the funds OF tho bank under tho
presence OF paying therefor, Is tue OF So 359 3s
In addition 20 tbis amount have asccrtasned that ia
large number OF other purchases OF securities made
by defendant bohaf OF the bank A. various tunes
between july 1872, and the time OF my appointment
Az such receiver he In Ike manner, charged larger
amount Ia the cash account OF The bank, as having
bocn paid by him therefor, than he had actually
paid, such oInerencc having been ascertaincd by q
| com parsUn with the cnecks rivcn IN payment tor
sucn securities (which are IN my posscssonl and tho
charges made In ths books u the bang by direction
1 of tne de MI nv tr.sn
| bankers anu others from whom such purchases we're
made Most u not ALL OF tneso purchases were made
BY the deienJant himself IL was impossible them
10 been charged they were IN uooks OF the
BANK unless with his knowledge anu consent and tho
uinerencse srsng on the transactions we're taken out
| OF the cash OF said bank
The total amount o. dinercboe Tar, as nave
yet bseh able 10 trace out what was actually
paid BY the Defendant tor securities purchased by
him behalf Of bsnk al sore said aud what q