New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-05
AIR LILLIEND1HDS DEFICIENCY
HIS ACCOUNT CARELEssLY ovERDRAwS - THE
AMOUNT LESS THAN $1,000

HIS ACCOUNT CARELEoSl+f oNI"p'H"N 'iD
AMOUNT LESS THAN $1,000.
Francis T. Lilliendahl lately cashier of the First
National Bank of IloDoken, who was reported TO
he a detaulter to the extent OF several thousand
dollars, was found yesterday by TRIBUNE reporter
Of he house of his brother Gustavus A. LlnendnhI,
ia Creenville n J. Being questioned III regard 10
the report, Mr.. Lllendahl said:
'There is no defaicatIon whatever At me very
worst il il only misdemeanOr All there Is 10 the
matter is that had an open account with TIE
hank and simply did what all others are dong now
i oyerdrew my account. The amount Is less Juan
81 600 and the Overdrlft will all be made good IL
is only a question of time. The bank VIII not lose
one cent. nor will my bondsmen lose anything. TX
apperatcd statements have been published that
We're not warranted by facts. ! did not abseOnd.
! came here three weeks ago on account or the
health of my family, and shall be IN ioboken on
Monday on business, and III New-1ork on TUESDAY,
Nv family is well known in jersey City, and has
ALWAYS sustained a good reputation. Mr; Symcs;
the president has always been a goOd friend
of nine and although have my enemies IN the
hoard OF directors, have no reflections 10 make
mon The b. ard | have grown up with the bank,
and think, III view OF tnat 1acI neX inlgnt haVS
80 what do you attribute yOur getting behind
hand IN your accountsi Have you specuiated III
stocks or nything of that kindly
"Xo. | never drove fast horses nor dabbled In
Wall-st nor drank more than moderate amount
of lager, am not even acquainted win the
method Of doing business In stocks. was out OF
thc hank for two months III another business, and
lost a good deal. | went back as bookkeeper. Inc
post of cashier was atterward offered to both Mr;
worked up with the bank, We received the same
salary. SO. 500 My salary has been as high as
is your falling behind owing to protracted sick
ness in your family =
Yes: sickness and discOuragement."
Do Won not think the fact of so many bank
officers getting into trouble had something to do
with the action Of the directors 7"
quite likely. Up to SIX wears ago they never re-
ouirrd bonds Of their Officers IN this bank they felt
thev could trust them, but public sem
ti1ncnt demanded tho taking of secuT y.
The bank is an old one, and they wished to keep II
souud AID pure 80 even If a defalcatou should no
be covered by the bonds given, the directors felt
that they would not be justified IN negecting to
take security. The bank rs perfectly good and sound.
| II has n capital of $4,000. and a large sur
Mus When | resigned | got them 10 exam
! me nav accounts and they found all
strai ght as string. they had just declared dIvl-
| dend of rer cent. | shall soon be IN q business
| where can do far better than | have ever done,
| and all will DC squared"
| Mr. Lilliendahls manner was frank throughout
| the conversation. lie has a wife and three chill
| dren.
Iheophilus Butt some Of the directors of the bank
| said 10 "A TRIBUNE reporter: The amount OF the
deficiency is 1898. Mr.. Lillicudahl took tho money
| without authority and gave sight drafts on his
| brother who lives in New York, in payment for the
| money. These drafts were sent to New ark foI
| collection. aud were returned dlshon0red. Mr.
Lihendahl 10 doubt used portion of the money t.
| aid his father. he had endorsed some notes fOI
| him The bank will lose nothing by the action
| of Mr.. LIlienthal. as his bondsmen will pay The
| ha fgnk