The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-04
TEUTONIA SAVINGS BANK.
T Il SECRETARY or THE ROTTEN INSTITUTION

II SECRETARY or THE ROTTEN INSTITUTION
HELD FOR TRIAL.
III. Frank r. Lawrssce acting for the District Al
torney, produced in the Essex Market Police Court
Yesterday Mr. Michael Hahn, former secretary OF the
Teutonia Savings Bank, against whom, In conjunc'
ton with the trustees civil action has been taken,
and who, IL is understood is now TO be criminally
prosecuted. In the papers submitted TO Judge
Flammer Henry Dauscher is named as the CON-
rlainant, and John Scaeuermann appeared with Ham
as defendant Tho president Of the Teutonia- II
in,imatcd, confined TO his room, Otherwise
he, too, would have 10 o present As II was Hahn
had TO bear in his own person tho odium TO which
trustees ana all wero equally subjected Mr.. Law
renee minated that this only one Of the charges
no proposed aklng against hc seer tary, as COM
paint tor forgery was IN course oil preparation and
would IN due time DC presented
Tho affidavit submitted by Henry Dause nor. alter
dslaiinx The manner OF tee oank's organizaioa IN
1868 COOS on to speak OF The election o. John scheI
crnann as president and Michael Ham an secretary
and controi OF ,hs institution. IL
tEon refers To the report made 10 Tho Banking SUPER
intendent January 1876, and ihe annexed schedule,
putting the Of stock investments at $500 93l o..
in relation 10 The Osweg0 city soeS nOuds 1t
s se 4' .na stock have cos. n. SSns
$40 900, It's par vaiuc bclng $4,000 These
1t declares 10 be false aud IL
have been known 10 be SO wheE the repsst vas nsde
by the president and secretary. Tho ahidavh scs
rth that Mr. Duuschcr mas ed the books which
were Kept bv tic accused IN regard To The OswegO
bonds, and finds them TO have 0een purchased from
GEORGE opayke Co., June Is ls7a Tor 81 500, pa,a
Bank, dated June IL, 1879, and containing
tho signature Of Secretary Hahn; The other
Bank on The same date. Doth 81 these are
now in possession Of tho receiver. The affidavit
states That Jul. IL 1875 IN AN action now penuing
IN tue Supreme Court IL which Receiver Fish was
paintih, beDat OF the bank, H.un swora that tho
bonds really Tho institution SAL 50O aud tbat the
false, anu the differences, amounting 10 $l.500. was
divided between him and the uustecs Rel
srsnse is made 70 Aaha's Senfss,,on n ma:
funds were frequently made by MN anu
the profits shared In cited II states, TOO,
$500 .931 or down their report the cost OF
stock Investments a. we'll as the cost IN the case OF
Hahn willuiiy ana cofruptly swors before a notary
public that these fraudulent entries were genuine,
subscribing their signatures thereto
ANOTHER AFFIDAVIT. .q VII
Charles Il. Wondt Lnen submitted AFFIDAVIT In
which he states that he is expert accountant and
Uookkeeper, and as such 10 employed BY James ID.
Fish, receiver OF the bank in question. On the Gath
day OF June 1878. he called at The ONCE OF George
CITY bonds. the par vaiue OF when $50, 0UO,
which had been bought by the reutoni. o.nk
on tho 18th OF June he learned That 81, 500
by competent authorities aud he believes II
10 DO true. On the Sih oil July Michael hahn ad-
divided The difference between that and $4,000
amoug The trustees He furthermore admitteu COM
pilcy IN various other transactious Of Kindred ma
ture.
Held IN DEFAULT OLE BAIL
When these aflidavits read Ham was asked II
ne mad anything 10 say. He made low unlmpor,ant
while the Juoge made out MS comnittal Ia default VI
IS 900 bail The Secretary oil the leutons was taken
TO the jail attached the court anu lodged there.
He seemed somewhat dspsessed, ana evidently
wanted TO be lett 70 his own rensctI0ns. He said
hi that the position IN which ne placed would
call tor an explanation in due ume