The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-02-10
FISlIKILL'S RUINED BANK.
MORE LIGHT on CASHIER ALEXANDER
BIRTOH'S DEFILC1IIONS.
what Became Of Part Of the stolen Money
How the Banking department was be-
ceIved with Respect TO the Over,irnfts.

what Became OF n Part OF the stolen Money
How the Banking Department was be-
ceIved with Respect TO the Overtrnrs.
PoUdHKEEPsIE, Feb. 9.-The examination
OF witnesses in the suits against the receiver OF
tho ruined National Bank Of Fishklll was re-
sumcd in this city yesterday before Rofcree
Brewster Of Newburgh. Throughout the two
trials OF the defaulting cashier. Alexander Bar
tow. the greatest efforts were made to keep
back the main facts. and not until the civil suits
were Instituted did the public begin to get at
the truth. Many believed when the bubble
burst that Barlow had carefully saved thou
sands OF dollars. Ho was n Sunday school
teacher. man much respected in the best 80
cicty. and he apparently had no costly vices.
What. then, became Of the money stolen, some
t75 900 or 800 600? One OF the answers to the
question. ana the main answer. is In tho follow
ing testimony given on Saturday:
Leonard Horton Of New York testified that in
December. 1874. he lived in FiGhkill. IIo was
present at the sale Of the Duchess ore beds on
the foreclosure Of Van Wyck BrnckcrhofI's
mortgage. Before the sale the following sums
wore paid on the mortgage. from February.
1872. to May. 1874 in tho order named: $4,000.
5000. 81 900. $500. 81 500. sli. .sG3.02. Tho
property sold for $lsjs0. OF this t2,7S0T
wcro paid down. it being 10 per cent. Of the
purchase money. The personal property
brought tl.50S. As TO who paid the sums men
toned MS pnd before the sale. witness said he
paid tho $4,000 out Of his own money. The
$1,000 came from two notes which witness and
Barlow arranged to have o. NJ. Cutler of SO
Broadway, New York cash. The $4,000 came
from the sale Of ore to Crockcr X Co.. Now York.
The 10000. In two items. came from George
Gay for an interest in the ore mines. he paying
- 900 and then $4,000. Then. on May 1. 1874
cashier OF the National Bank of Fishkill
Barlow bought 1000 worth Of the stock OF the
| ore company at par. paid Leonard Horton
| sl4 1868 .92 in drafts and paid the remainder as
working capital from time To- time. and told wit
| moss II was his own money. Witness WIS shown
| a paper which he said Barlow gave him some
time after the sale of tho orc bed at Flshkil VII
| Barlow up 10 that time and he wanted witness
! TO take IL to Poughkcepsio and adjust the claims
! with Allard Anthony President q! the compa-
| ny. Tho account. footed up. shows TINT Barlow
dumped into that ore bed property In less than
! two years tho sum OF S6l .l3S.9S.
VI. A. Fowler cross-cx1mined witness severe
| ly. Horton in reply TO ono question saying that
| he did not 60 10 Henry Redmond IN New York
| and say to him, There is $4,000 between tho
| two banks In suit at Poughkcepsie. and II you
| Will 20 up md help me swear We Will get half
| the money" nor anything 60 that effect.
A. W. sherman. the well known bank expert.
! who WIS first employed ly the Govcrnmrmt 10
| examine the books OF the National Bank ~ Fish
| ccivcr Bostwick. was placed upon the witness
| stand. He held n memorandum In his hand.
| His testimony showed In series OF ASTONISHING
| figures how Barlow deceived the Banking De.
| partment from time to time in his reports ot
| Overdrufts The contrasts are simply astOund-
| na e. IL