The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-15

prietor-the motel table being supplied from the
Government! stores. How LIVINGSTON accumu-
lated all this wealth is told in to-days srN
JoHN SHERMAN should transport this fraudu-
lent genius to Washington.
1t Is not quito three months since the
Tcutonia Savings Bank OF this city was put
into the hands Of u receiver The dcpositors.
with few exceptions, were poor, hardworking
Germans. living on the east side. in the heart
OF which tho bank building stood When they
found its doors shut in their faces they behaved
as poor people usually do behave on such oc-
cosions. There were some scenes which those
who saw them will not soon forget; but such
scenes have become common in this country Of
late years. an We shall not stop to recall
them.
The receiver went to work. with expert help.
10 straightcn out the tangled affairs Of the bank
and ascertain what could DO saved from the
wreck. He discovered at once that his task was
not going to be an easy one. The banks books
had been Kept in a very slovcnly manner-not
10 use harsher word. 1t is said that none Of
the trustees knew anything about bookkeeping.
But certain entries struck the receivers nc
countant and the receiver himself rs call
ing for investigation, and investigation
WAS made. 1t was ascertaincd from
M " ~ '"ut '''' 9uluS p"l"
them NJ different times by MICHAEL HAHN, tho
banks secretary and financial manger for
bonds and securities had been less than the
amounts charged by him in the banks cash ac-
count for these purchases. Tho receiver found
out that the same thing was true Of other like
purchases made by HAHN Tor the bank and that
the discrepancy between the sums actually paid
and thu sums charged in tho banks books Ms
paid WAS at least s29.3ii. Conyictng evidence
was obtained IN the shape oi the checks given
ny hAHN III payment LOT th"se securities.
Probably HAHN saw that his only chance was
he did. and his affidavit. made rutllc ON Satur-
day. Is very suggestive. He acknowledges his
guilt fully and crcumstnntially. He gives the
dates Of his purchnsa = the amount paid. the
amount charged on the books. and closes his
recital in each instance with the words. The
difleren 20 manning IL was taken by me from the
funds Of the bank" He swcars tina, he did this
not only with the knowledge hut at the instiga-
ton Of the trustees. when first assumed
office rs Secretary" he says the trustees
urged me to take and distribute among them
such moneys as shouldbe able To make. either
by commissions or otherwise. by investment OF
the funds Of the hank" A percentage of the
money charged on the books as paid in salaries
TO him and his fellow officers was in fact
pockeied by the trustees. HAHN adds. still under
oath:
An ,he trustees werc aware that the ,r,,io. had
,,n hoeht D., me and ohsr,d on the book. o. t Lans
iai in Ia. way sc,amGated 'tcra thou. M dollar, IA
%, ,.h re- ne, lr'M,tn III. Iur, has lrice Of the -
nink i,id,i a., amount quad, among The trustee,
VIVA ,a we ',,"r, 81 '1Sn "a s,h ~, la,pemi'
sai'ns T. and directing 1t To- zach tru.te, AMI
wer, made In Ja, is-s iSd each trustee tSe .am
%. go, n !ana"ry - 80 I IN July ls7a So len
A. M time Of n, nr,t ra,n,f, 20 the trustee, a., aorc
M H. nd sw 20 i, , na me- AMI @ ne ." , n9a
'.mine It They sad twas aA r.sht without eNaInina
IN charge OF trust mat honorable men hold
SUI a. having a7suihed inc responsibility OF
rc''N'ns' N"'h'hS over, ana keeping sale the
earnings o' poor men ana women VINO cohhded
III A,tr honesty d'noeratriy went 10 WORK 70