New-York tribune., 1880-01-11
TREASURER BOGERT.
THE FUNERAL TOMORROW


HIS WIFE SICK FroM EXCITEMENT AND GRIEF
CARELEssNEss IN THE EXCHANGE RfsuLriNG
FROM PERFECT CoNFIDENCE IN Mr.. BoGERr-
HIS BogDsMEN BELIEVED TO BE LIABLE.
The defalcation and suicide of the late Benjamin
c. Bogert treasurer of the Produce Exchange, con-
tinued to be the subject of interest with business
men yesterday. and they were discussed with much
sadness. Sympathy was also expressed Tor his fam
lily.
The body of Mr.. Bogert remained at BenedcTs
undertaking establishment during Friday night, and
yesterday morning was taken to the late residence
Of Mr. Bogert, at Hackensack, where IL Is to remain
until the funeral tomorrow at p. IN. IL
was intended that the funeral should take
place to-day but it was deferred until Tomorrow
account of the delay in obtaining the eertincate
from the Health Department allowing the transfer
of the body. 1t is expected that the various
branches of the Masonic order, of which Mr. Bogert
was ii member. and several members of the Produce
Exchange and other merchants from this city VIII
attend the funeral.
Mrs. BOgert, WHO has been in delicate health Tor
several years past was attacked with nervous pros
traton when she heard of her husbands death. from
which she had not recovered yesterday. Several re-
latlves of the family, and Mr. BogerVs only brother
went to Hackcnsack yesterday to remain until after
the funeral.
Yesterday the counsel of the Exchange, William
r. Foster ir., engaged b. j. Barrow, of the Com
missioner of Accounts Office and an as
sIstant, as experts to examine Mr.. Bogerts
books and compare the accounts with those
kept at the Merchants Exchange National
Bank, for the purpose of ascertaning IN
what manner Mr.. Bogert was enabled to deceive
the Finance Committee, and also to learn how he
used the money of the Exchange, and to whom he
T., a., atr,Y paf he
opened until after the funeral. when it is hoped
that some of the funds of the Exchange may be
traced through mis- check and other books. 1t is ex-
pected that it will take several days to complete the
investi CATION.
President Hincken stated yesterday that there
was no doubt that the implicit confidence placed IN
Mr. Bogert by the entire membership Of the Ex-
chance led the Finance Committee to be less watch
full than il should have been, aud that the deialca-
ton would cause a change to be made Heretofore,
| instead Of having the cashier deposit the cash on
hand with the bank every day and deliver the book
| TO the Finance Committee, the latter used 10 re-
ceive the cash and pass it to Mr.. Boger trusting him
to deposit 1t but as Mr.. Bogert kept " double
| bank-book in which he made all the credits ard
| balances he was enabled TO deceive the committee
as he was only requested to show the book at It's
meetings Mr. hmclen also stated that the c0Ddi-
! tion of Mr.. BOgeTts accounts was nlySteriOusly
known at the bank before the Board OF Managers
knew of i: : as, when they went there with the H.
tenton of transferring tho funds. not only was The
| statement of the Exchange accounts ready for ex-
hlbit but N appears that m less lnah Two nouIs a.
| terward the deputy sheriff was IN charge OF MI.
Bogerts store upon an attachment Of the bank .
l.. J. y. Stark who was clcctcu pTeslueIll oI lile
| Exchange in May, 1876, when Mr Bogert was re-
elected treasurer after years interval staea last
evening that the question of the transfer OF the
funds from the Merchants Exchange National Bank
came mp during Ills term Of Office. The stock OF
tue bank fell So when some OF the Board or Man
ayers expressed desire that the Innds
! be transferred because some OF the directors
were reported as bearing" the stock. Nj. Bogeft
mterposed an objection. and was supported by
others who felt that the bank was perfectly sound
Taking this fact into consideration ne Thought II
pos,ib bic that Mr. Bogerts peculations began as
early rs that time. About the same time the ques-
tiou of Mr. Bogort giving bona was sug0es.eu'
when several members remarked 1t was not Ecoes'
sarv Mr.. BOgert perfectly safe, ana as thert
was no salary attached 70 the office a bond should
not be required. 5ir STARK contended tnat IL tneIt
was sufficient honor in the position 10 cause 1t e
be sought for. n should be secured ny DOnu' fuf
thermOre while II might not be necessary IN Mr.
tocrt,s rose IN ask bond il might be considered
necessary TO require one from fls successor, Wht
would think Vt strange and au insult 10 place sucl
! "a brand OF dishonesty upon him. AS Sir. boyer
,hon expressed Willingness 10 give DVlu w on
was executed, Edward Amman, b. w. Floyd, an'
JOIN Sutphcn becoming sureties IN tue, sum
500 600. This the last ana only pond gwen
Counsellor Foster yesterday officially INFORMED
, tne bondsmen that he should look 10 theJu to IN
demnify the Exchange TO the extent OF the Dond
ciniming that it's language, so long as be shgl
? continue and be continued 10 said Office. makes
n continuous bond, the same as Is required iron
cashiers of banks aud that the sureies are liable Z
this amount. If the bOndsmen should be hei'
D liable the money loss 10 the Exchange, including
the interest collected on city bonds due on Januar
q l. will amount ONLY 10 about Sl4.o6O. Mr. Foste
said Yesterday lee not certain that me attach
: ment OF Mr.. BOgerts property by the Merchants
: Exchange National Bank would hold good, ant
that IL would not unless the attachment was mad
, before Mr. Bogrrt's death. If 10 did hold good th
Produces Exchange could only be recognized .
? nther creditors