The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-25
PRICE THREE CENTS.
JUSTICE OVERLAPPING THEN.
dHRESTJNG 1HE ILtSTEES or THE
JEUIONI1 S.iJINGS BINK.
Aecn.ea OF rnilns Mnnc, tnnt nlph,rn,,y 10


I"ngcd 20 the Institution-The Sccrctnr,,s
DrvrIopneuts-now II was Done.
On the 18TH of July the President, Secro-
tary. and trustees OF tho ruined Trutonia
SAVINGS Bank were arrested on civil process.
at tho instigatiOn Of certain Of the injured do
pos tors, They were accused Of embczzlng
nearly 100000 Of tho banks money. the evil
den"c on which they were arrested being tho
confession OF Michael Hahn. the Secretary
Just previous to the date Of the arrest and
probably in anticipation Of criminal as well as
civil proceedings. John Otto Of /, O3i Second
avenue ono Of the trustees. attempted to kill
himself 10y pistol shot but fell SO far short II
his aim that he has since been in great agony
and in critical condition Mt his resi-
dence. John Schouermann. the President. has
been confined to his bed for many weeks.
Tho other trustees-Frederick SoaGrst OF
Essex Market. First Vice President; ia
cob Bermann. Second Vice President. of 439
East Thirty-siXth street; Louis George. Treas-
urer. Of II East Third street Charles Morz Of
pa East Fourth street John Schnugg Of 235
East Tenth street. Joseph Weger Michael
Rhenhard. and John Theisz OF $50 East Ninth
st.. ex-Alderman Nicholas Scagrist of 1903 West
Forty. aond street. Henry Wencke Of 1jl Canal
street. and John Homburg Of 90 Ludlow street.
gave bail in 10000 each shortly after their
arrest OtOs condition was so dangerous that
he was ncttroublcd. while Schoucrmann gave
hail without quitting his bod
Since the arrest on civil process some of the
active stockholders have been working hnrd to
gather the evidence necessary to punish the
trustees crminally. being aided in their labors
By the District Attorney, who was represented
by Counsellor +. A. Lawrence. Of Lawrence 4
Waehncr. 10 Chambers street
Application was made Yesterday before Justice
OuerLourg Mt the Essex Market Police Court.
for warrants for the arrest q thirteen officers
Secretary. furnished all Of the evidence TO tho
prosecution. lIo lives nj O52 Second nvenuo,
In his Hill laNit ho describes tho organization II
the bank ~ 1865. and lis suspension April "a,
ISIS; Scheu'rinrnn WIS elected President.
which Office ne held until the collapse OF the in
sttgtion. Tho business management 81 the
bank was inrust'd g. the President and S"cre-
tlrv. the last named on 'e being conferred upon
Michael Hahn, the afllant. Tho p"rsous named
ISIS Tho affidavit continues;
VIII tlocguo o. sc.rctar, Of said bank Tie trustees
to sbc I'D, MONEY "a, co0d 65 .oa , Of soR p iva,s
nn t. ae ae. aai a9ie amoas or n .rn.,s;
equally an such mono ysh- sh9td De- able 10 maze by
.as F9a p9rsaa9Gg [eo at liver; 10y gg; u,ns
isil ni.tpi ,roa. ar. an an,3 " the m1nis Of lie
hnk ~ sios, amt bonds OF various kinds ani dcnomina
upon The book. Tie bank hi,in: been paid Tor such
whcl We're actually and D, met paid tGSieior A@dit"s,
ny ''" To- tase from " iands 81 said oah an amount
If. d A.
u. H. l't sue'h s,,h, nh1 n9nis nip we sui
tb@refs " was ,n\ c.i,, ~, TN n, Mn i'm M So . p
the moneys thus taken by me from The funds Of the bank
u nh NM t.Hs a, eunM ~ larie sum OF money
d,sri6utr every .S month. amnns The tr,i-t,"s Tbs
money was placed In ci.vciopos which wore handed
.ealc1 10 nc trustees In hi, way / md 10 zach
trustee AN araresat. All ~ 90 ' ' -
,, On -. -
Inc anldavlt enum"rates number OF trnnss
actions OF this nature in 1874. Mr.. Lawrence
pNulains that in 1872 and 1874 the .frnlfn1,s
WerN larger and more freQuant. but they nre
n,f I,.niieI frr tbn rnoenr ,Lo, ,in,i s-i ,,ors
.. i't ", ''''Pii 'iHl UNI. 80 'l're
crininally pros"rured for en- H.l2inment Brlef.
follows ~
I.r al 49,, e,, ,,,,. n ,.c ci,,o NJ yor.o-..r,,,
- --agi charged sl."r. proni Fiia Il - '''-'
llh : l-7i ten ionl. of The aus ~ Nonkcrs paid
s'I,s y" D.. cir rs, d. si,,", lrii s?i7 %
Nei,H ~, - "lr lih Of %, cay OF Nonkcr' paid.
Ss Il,.-.i' t,, .',,' q, ,l ,,, ,,t,,,,,.,,
sa.li ~, ciaf.,i s,5'uia pr6nt s,5t "'''''"' ''u'
Nr !" 1874 r.n .iun., ofjic II, ~ Workers. paid,
St'- - 'lhrfcl iinl1i il profit slin2~
fi,, ~, ,t,, ii, ~ - - ,.,.,.-....,
.-, 't'.rI fl'''' TO- $50 A.-es g. @cin'
tr.., tf4 .r., .,, XXX. ,,,'.t .,.i ,t,..
tt,. ,r. i ,l't d. iNnl- t''''N "'i"iitd nam
Lest his honor might loo sus pccted he kept