, 1881-11-02

yt'nENr.
NEWARK. n. J., Nov. Lit scolns Unitell
States Dlstrlct.ttturncy keasby became snt-
tsilcl. after n l,asty examination, nF tho bucks
of tho Mechanics isnnk ami tic palers rc-
1attng to NuacnktS To-, surrendered By
Cashier Baldwin I'll Ills voluntary statement,
wera substantially true. Hence liz 'nato tho
tluInand on Judge Tecso, Nugcnt's counsel,
tint lie property HOW In the hnl,tis Of c. MI
CUNT Il Co. l'c Immediately surrendered to Il
Receiver, IN partinl restitution Of tho
| amounts al'slractMl By Nugent In completely
with Baldwin. Thu Dtstrict-Attorney cx-
htbitcd 10 Tecse some papers on which tho
Claim is based, 0,hl insisted that Tho goods
now IN the faclory were produced by tho m.
| Nicnti0n Of moneys drawn from the bauk,
nnnt wero IN fnct the property Of tho bank.
rccsc 'lskc. to l'o nllowGsl to llnyc All expert
examine tho matter, and p1cAgctl himself
that thu property sl0ultl bu left ,ln,istl,rbcl
] until the examination was completed and llu
could give answer.
SrnESr's HErIy.
Catlnse1 for t.. Nugent. sud l,o would l,o
! nbtc to show l}altlwin's confession false &.
| Nugent II Cu. Ind not drawn my sucll
amount rs s., 600 ii, excess of ulclr credits
i1ll lW dUllbctl even II tllo excess wollld bc
| one-tcntf1 of TINT amount. Tlle firm WIS
! lnnktnE III, from It's own books n statement
| of tie moneys pald In alut drawn out Of tic
bunk for IL number Of years past, md this,
| he Thought, would utEset tic banks l!grrcs.
g. Nugc'It IL 70. llad not n,a.te ah ussIgt,-
1nent, nor do they Intend tn .to 50. Thu story
lint tho banG was to be n preferred creditor
was MISC I'LL error. At present, 1t WIS the
intention Of Nugcnt u To. to remain still
aud abide events, when 1t wonltl
Do fousd tic people had been mis-
lctl MS to the why tito money ind
gone. When Informed TINT tho bnnk claimed
tint .. Sugemt Il Go. atttrawn nearly $780,
GOO In tho past three months, counsel snu thu
firm, which cmpf0ycd 7UO hands ttuy and
night, would hive large pay-rolI; aild that
alono was over $4,000 per mont,. Then
thero was lnatcrtal tu be purchased, and
other expenses. But WIS 1t not likely that
| thcro would be
1iAlHiE EXPENDITURE"
All the l,lnney received went Into tho Afc7
cl.anics' Dank, n1ut this was whit tho statu-
| lac1lt now being made ont BY the jlru is to
show. Thu fact Of tile whole alfuir Is TINT
baldwin was financial manager of tho tIrn,
md Ind beon for about eight years. Neither
Christopher nor .Iaihes Nugent wera tillnfl-
cIers Eor claimed to be, md Baldwin lati
Il power of attorney to I'LL up sigtle1 notes
n1a checks. How easy IL would be for him
to fill up sucl notes AMI place them among thu
banlt's papers in5tend OF ttcpositing rcceipts
Of thu rM to their crGtlft! Tile pass-booil
would SHOW notes rs deposits, and the tlrn,
know lntht,1g nbont 1t. X friend Of Cashier
baldwin BNA he was with Iltl1 on the t|Ny
Garfield wns buried, and heard the for,ncr
issk q. Nugellt for lnonor, Nuxent Haiu lle
l,al lnrgo ttllnntity Of material ,nntte III,
and would soon be enabletl 10 pay In at,Uut
Si00,oo0. This, i!e Thought, was evidences
tlnst Nugcnt kliew his account Ind been
oyarlrawn 10 II, ,large unIollnt baldwin was
very pn1o w'cn'l'e spoko't0 Nugant, rs II lie
wis suffering from grcut anxiety.
r. II. Douglass, Cashier Of tho t;crmouIn
National Dal,k, satt III conversation with a
reporter: ut Inns been the talk OF tic city
| four or five years past TINT Nugent t. Co,
llal been
UPHELD ,Ay BALDWIN,
Cashier Of the Mechanics 1]nnk.-, Baldwin
WIS practically raised IN tho bank. lie WIS
spoken Ut by everybody, President, Secru-
tary, a1st Tellers, as Oscar anil everything
| was referred to hin. No, do not think
| tsis VII! :callso any Inconvenience 10 other
baMks. l think tlla only firm seriously III
ill., 'as.,..,.. - ."se"S ~ w. ~ ~ sun
ss,l,,a - 4.. ','at 10y t'e,o s"sl'ettea' anu.
.' -. ~ uo"ot ~ u'eli creultors get
,vt'a .,.a ',a,. ~ eess ...,' 1' tl,o ao1iar "A
,i'.,,, ,'sAua "'.u.aof ne oelie'esl cashtef
a"m"na ..,1.,,'. a."teAant ,'l'!t W. u1e amount
Wmn.'t WaMn :. ~, ilon. u!o p"ak peeh loalletl lo
n"ec"1 ~ ~. M'ts '1uo' D"uElAss saltl: l
Ito not. baldwin made seln1-weekly visits to
Wall street. a1ld 1t Is more than probable
. .'a. i"i'y eisht " mno'tnntts or the ssl,a
M'1'sa a.aa,. ~ "os.tcu afo"' lae pahK was sunk
~ stoeA speculallol."
| nEu'saE WILKINSON,
PRESIDENT ol the AlNil'lfslcturars' National
ltai'lE, anu John IL. Knse, President of tho
Second National Dalk, corr0borated what
Douglass said. Mr.. kase sald, III tic course
0[ further conversation: II In not think
NHselit Il Cn. nro 50 heavily Involved lis
baldwin would like to have people believe.
Nugcnt sald tlIls morning that llo was noti1l-
tlcbtcu to tic Mechanics Bank tor lnore than
saoo, coo or $40 ooo. ,s,,d he It'd i.ot propose