Morning journal and courier., 1881-11-02
News by Telegraph FROM Alt QbARTERs. NeWaPk's Broken Bank. The Stockholders Proceeding
 Against the President For Neglect of His Duty. Result of Exploring Among
 the Ruins. The Cashiers Sureties Worthless. Baldwin and Nugent in Tight
 Spot.
The Cashiers Sureties Worthless.
NEW JERSEY.

Cashier Baldvvin's stealings.4-Nugent Knowing to alG His Moveinents.-A Rope Around Their Necixs-The Cashiers suretIes Worthless by Lapse of Time -Sufts Begun Against the President | A Complete Financial Wreck.
 NEWARK, Nov. Limited States District
 Attorney Keasby now says he is satisfied that Nugent was fully aware of all Baldwin's movements, that he knew of all the manipu- lations to which the books were subjected, that the irregular drafts since January first had exceeded $1 ,5OO, 900; on which payments had been made of $50, 900 during the last two months, and that in view of these facts he had informed Nugent's counsel that every dollar of the firms property, real and per sonal, must be turned over to receiver when appointed. He believes that a great part of the missing money is represented by property held by Nugent & Go. Nugent has also made 8 remarkable statement which partly explains the mystery and carries it back to Wall street-that he had been in the habit of giving blank drafts to Baldwin, who filled them in as he liked. MT. Keasby added that he had rope around Baldwin's neck but now have one around his neck and in- tend to draw it tight" A nice point of law was rdlS6u IO-uAy WHICH SHOWS HOW Gu0 CaSn fer won the confidence of his employers. It
 is reported, and on good authority, that
 Baldw1n's bondsmen have not renewed sstheir
 bonds within fifteen years. This being the case his sureties are no longer responsible and cannot be brought to account, for according to the laws of New Jersey bonds are requir- ed to be renewed every seven years. After that time elapses the sureties are void and the bondsmen are freed from all responsibil- ity.
 Proceedings were this morning commenced by Warren Alderman and summons placed in the hands of the sheriff, the object being to hold the president, Joseph A. Halsey, per
 sonally liable for the loss Mir. Alderman has sustained by reason of said Halsey's neg lect of duty as president. Alderman owns over one hundred and fifty shares of the cap- ital stock of the broken bank. His bonds are placed at $25, ,O00. The shareholders con- mittee is also reported to have begun suit
 United States Commissioner Keasby, son of District Attorney A. Q. Keasby, this after noon made statement that Baldwin had giv- en them evidence that he had no other con- plications than those with Nugent & Go. He had secured the books, which showed dur ing the last ten months the following drafts and deposits on account of the firm, always in their advantage, but lessening as if he had tried to keep the firms differences down: October, drafts $223, 1000, deposits
  posits $75, ,O0O; August, drafts $165, ,OOO de- posits $95, ,OOO; July, drafts $127, 900, de posits $113, GOO; June, drafts $11O, ,0O0, de- posits $1O7, 900; May, drafts $115, ,OO0 de- posits $11O,OOO; April, drafts SIPS, ,O0O, deposits $1O7, 1000; March, drafts $155, ,O00, deposits $77, ,OoO February, drafts $143, 900, deposits $62, ,O0o.
 It is stated here now positively as against a similar statement this morning that Nugent has shot himself. It is not generally believed
 Commissioner Keasby says the books pri- vately kept hy Baldwin have shown again and again that drafts were made by Nugent < Go. against persons with whom they had no business connection, and drafts were shown to reporters for amounts as large as &20, 900, signed by Nusent and claimed to have been filled by Baldwin. Suits have been begun against the president of the bank by depositors, who place their claim on the ground of personal loss through the inability of President Joseph A. Halsey, who re- ceived a salary to attend to the ordinary bus mess of his position Nugent to-day again positively refused to make an assignment and said he owed nothing of consequence and had been consistently misrepresented. Leon- ard Gray, manager of the Park Theater, has sent out a letter saying that the theater's management is in no way interfered with by the report that an attachment had been placed against it by the bank people under the belief that it belonged to Theodore Bald win, brother of the defaulting cashier. The ten commissioners have refused to make pub- lie the names of stockholders of the bank and the amounts held as being against public pol icy. All obligations on Newark coupon the National Bank of Commerce, New York
 A reporter visited Nagent's house tonight to find out concerning the rumor of his su1- eide and it was denied positively