New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-06-18
MR.. wAITE's RELATIONS IN NETWORK.
TRUSTED AND ESTEEMED BY BUSINESS MEN-DEAL-
INGS WITH DIFFERENT FIRMS

TNGS WITH DIFFERENT FIRMS.
The failure of the First National Bank of
BrattleborO, VT, and the flight Of its president,
S. NJ. Waite, have caused much surprise IN this
city among who acquainted with Mr.
Waite bad business relations with the
bank. 1t has been regarded as a conservative insti-
tuition which maling money in q small way
IL now has considerable balance to its credit at the
Fourth National Bank its New York correspondent
and President Calhoun. of that institution said yeser
day that the Vermont bank had always had ample funds
there TO protect It's drafts Ia the past three years
had not asked for the redscount Of $50 all
To those who knew Mr.. Waite the use TO which he
conld have put the money which he is charged with
having taken Is profound mystery. His friends
claim that he not addicted to drinking
nor gambling, but that he was on the con.
traTy prudent manager, aud In his per-
s0nal expenses economical. 1t was said that he
must either have taken the money with him have
I'm stock speculation unknown any OF his family
friends The discovery OF the forged paper made
In "a recent examination by the Vermont bank exam
liner Among the Of the bank item ofabout
$4,000 due from Vermilye & Co., OF New York. The
examiner wrote to Bank Examiner Meigs at New-York,
requesting him to verify the account Vcrmilye e. Co.'S
denial of any obligation led tho Vermont examiner
again TO visit the BraltebOrO bank where he was shown
what plrported TO be letter Of advice from Yer
milye & Co., to the effect that there was $4,000
in their hands TO the credit OF tho bank.
The fact that the letter signed by clerk who has
not been IN Vermye Co.'S employ for several years
has led to the suppOston that the letter was originally
genuine but that tho da:e had been changed to the
present year. Donald Mackay, OF VerInilye &
Co, said yesterday that the firm had not
done any business with the bank for several
years At one time tho bank kept account with the
firm, but the transactions mostly of
Government bonds. II Mr.. Mackay's beef that
the letter representing claim against the firm
was that had been sent to the bank
while the firm dealing in bonds for the
bank and that the date had been changed to make 1t
pear like recent letter There mad been certainly no
business between them for several years.
- President Waite applied about three months AGO to |
$4,000. In his letter he offered security |
stock OF the BrattlehOrO Bank. which at |
Mr. Park wrote in return that his bank at Bennington
Vt. would loan Mr. Waite the money upon 200 shares of
wrote TO the cashier OF the Bennington bank in |
s rGcting him to make the loan. From the :
That his .I name mad been forged Mr.. Prk SUPPOSED
smlie. "it the BrattieborO Bnnk has any paper
paper for have no notes outstanding: There appears
" THAI Mr. wnte has robbed the bank but can find no
explanation for his iaL knew him well as one OF the
.ral years in the Vermont legislature. of which he
At one TIM chairman OF the Committee on Ways and
Means. He could not have lost the money in Hny
II hS regular business ODrratiODs and he have
aiken n with Inn in his flight or have los! It In stock
iulrrd III. Mr.. Waite had many warm friends.
md, nse all Of positive opinions, |
many bitter enemies. At the time he asked fos the
u1n 500 OO le excused his request the ground
nat uid not wish IL known at BrailebOrO that lie
was ned az money. He said that hu had paid out
nrgo III the prosecution Of the Esey organ SUIT,
md md not know when he should receive the amount Of
he Judgment ODiniHtd md not The slightest suspi-
non II condition of affairs whichtt seems tIen cx
strd."
In the suit referred TO MT Waite was the plaintiff and
~ sght rights III tho patent on tne Esfcy
,rgan. Tine has been fought bitterly on both SIDES
,u Il few months ago judgment was given for the
Il inilf. From ms decision appeal has since been
ken 10 the United states Supreme Court.
Mr.. Wait" about htty-siX years old. and was
IOhcr Of &. G. Waite, ny Of the BrcvOOrt House.
'hIrlcs b. WAITE, ct the Windsor Hotel said 10 TRIB-
NJ reporter Lat night that he knew absolutely nOtniDg
\ 10 where his re had = to
oppose either that had or had not committed suicide