New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-01

hands of q receiver. Nobody can tell anything
about the exact condition of it until the Examiner
has made mis- report
THE CASHIERS CAREER.
1t was not strange that Mr.. Baldwin should enjoy
the highest confidence of the directors. He was q
boy in the Office of The Daily ADVERTISER and when
about sixteen years old he was taken into the bank
as general Office boy. He was bright and dill
gent, and rose rapidly to position of RESPONSE
Dllity He was made paying teller subsequently,
and When Matthias A. Day, the former cashier
died, in 1868 or 1864, Mr. Baldwin was appointed
Cashier The high standing of the members of hi
family has entitled him to respect and confidence
Albert Baldwin, his brother, is cashier of the City
National Bank of Newark Theodore Baldwin, another
BROTHER is paying teller in the Mechanics National
Bank. H. p Baldwin, also brother, is the general
ticket agent of the New-Jersey Central Railroad.
william ii. Baldwin. still another brother, is men,
Der OF tho firm of Jones & Baldwin, spoke manu-
tacturers. Mr. Jones has just been elected to Con-
gress Mr.. Baldwin is about fOrty-fve years of age
and his wife and children are living. He received
salary of $780, and he always appeared to live
within his salary. His wife inherited some money
and they always lived comfortably but not extrav-
agantly. lie did not indulge in high living, and
was not a sporting man.
"Nugent d Co. carry on the business Of manufac-
turing goat SKINS into morocco They are the largest
dealers of that kind in the world. The firm is
posed of Christopher and James Nugent, two
brothers. 1t has always been regarded as A
No. in financial circles. We always dis
counted for tho firm all the paper that was
proper and reasonable. Mr. Nugent agreed this
morning to give the bank a lien on his property to
the extent of 800, 900. 1t was accepted, but per-
haps 1t is mortgaged far beyond its value. Nugent
asserts that he has not received from
Mr. Baldwin anything like the amount
which has been cmbezzlCd The truth remains
to be found out. In the meantime have to suffer. |
am pretty old to begin all over again, but will
have TO do it TO pay my debts. am sure, however,
that VIII be able to pay everything, According to
the laws of New-,JeTsey the stockholders liable
for double the amount of their stock. 1t is a great
change from good paying investment, for we al
ways realized an annual dividend OF II per cent,
even in the most depressing period Of the panic"
STATEMENT OF THE BANK EXAMINER.
WHY DALDwIN'S TRANSACTIONS WERE NOT DIS
COVERED WHEN TIE EXANINArIoN WAS MADE
LAST YEAR.
II. 5. Shelley, the Bank Examiner was seen at the
Park House in Newark last night by TRIBUNE re-
porter and was asked what he had discovered in
the days examination. We have rot had much
time" he said, &" to learn anything, nor can tell
you when will be able to give you anything def
mite. We have been at work on trial balance to-
day and have not yet examined the accounts
closely"
1T is r1moIcd that some firm drew out a large
amount OF money Saturday. Is that true'"
NO, | don't think any deposition has taken out
very large amount of money within the last few
days"
Did you not examine the bank last yearl"
Yes. in August, believe"
How do you account for the fact that you did
not discover the enlightenment then :"
Il was very much pcrplexed to know how it was
III.
eyed of my anxiety by Baldwn's coufcssing that
he had cheated me- When examined the bank last
year | found all the accounts right aud straight.
I wanted to verify the account with the Mechanics
National Bank Of Ncw-lork; so sent letter to
Mr. Cox. the cashier, asking him for the figures |
II now appears from Mr.. Blldwin's confession that
he went to the Ncw-York bank and saw Mrs. |
Cox. In the course of the conversation Mr.. Cox |
said that he had received a letter from me in rela
ton to the accounts between the two banks, and |
then Mr. Baldwin said that as he was going to re-
turn TO the bank immediately he would carry the |
letter, which Mr.. Cox held in his hand. 1t
seemed to DO simple request and
Mr. Cox gladly consented Well, that one
fact allowed Baldwin TO continue his
embellishments for another year. For when Mr..
Cox's back was turned Mr.. Baldwin slipped hand
into one of tho drawers of Mr.. Cox's desk and alb
sracted a letter-hcad and an envelope belong
ing to the bank lie then tore open
Mr. Cox's letter, and forged another giving
figures which tailed with his accounts !
at the bank. He also forged Mr.. CoX's name TO the
letter. When he returned to the bank he handed |
me the letter, saying that Mr.. Cox had given it to
him. or course thought it was genuine letter |
and never for a moment supposed that Mr.. Baldwin |
was forgcr. In that way was deceived
" Did you examine the bank before last year ~
"No: but some one examined 1t every year.
"How do you account for the failure OF the other |
examiners to discover the discrepancy in the |
accountsl'
wen, don't know anything about it, but sup-
pose that they did not verify the accounts with |
the Ncw-Yorl bank. That was the Only way of dis
covering the fraud"
Did you suspect that anything was wrong with
the bank before you began your examination y
" / did not like Mr. Blldwin's actions last week,
aud they certainly aroused my suspicious.
was to have begun my Investigations
Last week, and Mr. Baldwin tried to have
it postponed. He came to me Thursday
night and asked me If could not employ my time
in some other way for the rest Of the week, rs he
wanted to go out of town and would like TO be
present when the examination was made
didn't like that way of doing
business but finally / consented to
postpone it until to-day. He went to New-fork
Saturday aud when he found that he could not
make the proper arrangements to cover his crimes,
he concluded to confess
DO you find that anyone in the bank was in
collision with the cashicr7"
4 .grft Int ini II