New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-13

Gently In Wall Street, balance after closing cut
one OF Mr.. Berry's stock speeulations.
July 10 the directors of the banks made an ex-
animation aud found all the securities, and their
removal from the vault was OF course accomplished
since that date So far as Mr. Johnson could stare,
about 100000 In securifI"s had ueen taken from
the savings bank and ab0ut the same amount from
the county bank, although. be added, those hgures
were subject 10 correction
TALK WITH TIE PRESIDENT.
President Ackerson said briefly that the discovery
of the embezzlement came like thunderbolt from
a clear sky tor he bad great confidence in Berry
and ould have trusted hIm with all he was him
self worth.
when Mr.. Terhune," he continued, asked for
those eollateraIs and they were missing. replied.
Il always thought they there when l to
the vault saw Mr. Berry and he told me all about
II. but not at liberty to dlvulge the details Of
his statement. We know how he used the money,
but the receiver viii brlng out everything when be
makes his report, and so do not feel at liberty 10
speak about H."
David Ternune said that the collateral securities
that were found missing from one of the packages
amounted to 800. 900 ~ bank and gas stock secur-
ing a note tor $4,000 The examination that was
at once instituted resulted finding thai most OF
tue securities supposed to be ID the packages were
missing. About $4,000 securities had been
taken rom the savings bank and County Bank an D
about $4,000 IN cash from the savings bank. The
latter embrZZlemeut hau been covered up by means
OF tase en:fles, ana IL was possible thlt similar
fraud had been perpetrated upon toe Othrr
bank. The amount gwen more
likely to be uBderestimateu than eXl0-
gerated. as il mposs DE 10 determ ne ~ present
the full extern of tine embezZlement No SUSPICION
whatever was attached to any Que except Berry,
and 40 sympathy Whatever was felt Tor uIm ~ tne
community. As he had used the money, 1t appeared,
10 speculate foo hls own profit. He felt sorry for
Mrs. Berry. however, WHO was most est inable
lady. lie thOugu I depOstOrs IN the Bergen County
Bank might get 90 cents on dollar and dcpOst OrS
TIE savings bank would possibly receive 10
cents on a dollar. The banks had Oeen managed
GFna r.4
Another DIRE or SAID that ne though the loss OF
the banks would considerably eXrced $3.50. 600. 1t
bad Deen supposed that Tue berger Count DahA
had SfSO 900 on deposit with It's New-1Ork core
spondent, but il was discovered now that me
amount only $4,000, Iue def ercy being
covered I'D oV false eItry. Among iue nous ln
this cILy mat Berry TRANSACTED business VIII were
P0merOy, Cox IL Smtu, l.. D. Van BdsklrK ~ Co..
Taylor Bros. and ithont, ! % X OlY0haut. Mr..
Berry had USED $50 900 or $4,000 IN securities IN
W an street M'ndat' Inc saving oaLk contained
$4,000 IN bonds of the H4ckensacA improvement
Comm ssIOn, many OF winch wee missing. Brrry's
bond as cashier was also TAKEN
Dep0altOrs gathered III frOnto OF the bank yester-
day morning AID freely expressed Their sentiments
IA regard 60 toe EN- oezZleeut. PrOnIuen residents
Of the town mingled with them aII cOp useiled
moderation. he opinion was u"aniuOa- ruat great
efforts snOud be made 10 send tIe deidulter 10 ltc
Prison The losses OF tine truck farmers are seri Us,
and yesterday II 80 med that every other person
the street more or less interested ia
tine suspension OF the banks. Knots of people Us
scmDled at many corners aud eagerly discussed ne
situation. l.. huizeuknfnc, proprietor ut tnr Nj
tioua Hotel. SAID ue mad lost S4OOJ,he saving, OF
years. lie added that merlug Of tue depOsltOrs
wound Pee neId 10 Ills notei. MONDAY uex,, ANA mat
counsel would ne employee 10 protect their Jams.
As "a ,gu Oh iu0urulu-, tue American cO.Ors were
hung AT aali-.i-sl over his uJtrl.
joan O. erode. e. tOoIccOlIst. uad 5000 IN she
savings DaLA. Que maI tO!I I.IBU ,t Reporter
tuaj lie GcpOs l-I 10 I'D tLe s2vIuQs DInK 40 ut an
hour before 3, c9-eu, and taat tAe gentleman VINO
TOOK Il look up al he CtOC4 before receiving 10 TO
Il gAe Ine I'D sop receiving deposits had ar
rived. Am nE otner deposits I'D J-e comfy AID saw
ils, bal is, tc Rev. o. h-,rs ii the FIRST AtetIo-
DIS, Episcopal Cuurcu hId recently eiVsl4eO $500
60 pat for pr0Der.N pure Hy Lis uau-u.cr me
MelauG Lodge OF O.d elbows dad depOslJcu cI.5OD
john Ryan posted i LOCO Monday Ms Wee
land 40 lost some money 0y tue recent failure If
a Newark bank, had $500 on deposit g WON 40. VINO
bad g. 900 Ia the salln4s Od k, rct bitterly u
iIs street ab Der iulS rrJunr. 10. sac lost all the
money she possessed ana Isaac beiuau had uepOs-
It "a IL 900 NeGue~ual tle RcY. y. 1. De BIdu
I0rtun4,rly drew our $500 M0.uay.
A deposit Tor 80 10 bad $1,000 Ola deposit IN The
savings O.nA SAYS tiat ur was g-'. mat under the
personally liable Tor the claims Of tle deDositOra,
and be, for one, Proposed To SEE THAT
they did their WA dc duv In looking alter
tho depo,itois interests. Il, denounced
me management Of bu. ID Institutions rs
extIem iy careless 10 lot beng lie iOd-tec rrauds
so extensive az an carrier 0atc. lie $50 cfIIcI>es
severely tIe reception of deposits b. the savings
bank 4eW hours before Dol, Suspension. and declared
thai Dr. was an outrage % rob poor man o. nls
eaniugs I'D .ha way.
Iue rst National Bank of Paterson loses several
bundled collars Og the failure Oi the HacKeusack
BANKS an checks aud draft, held tor COLLECTION.