The daily gazette., 1881-11-02

cat1On-HOw the Bank Examiner
was Decefved-The Directors Fa.
tai Confidence.
INTERVIEW WITH DIRECTOR.
1t was difficult yesterday to SEQ any
of the directors of the bank, as some
of them had gone to New York and
others were flying about Newark. busy
in regard to the affairs OF the ruined
bank. One of the directors, how ever,
was seen in his Office in the afternoon
by reporter brooding over his losses.
He refused to make any statement at
first for publication, bat finally con-
sented to do SO on the promise not to
use his hume. He is one of the Oldest
directors in years, and tears rolled
from his eyes when he said that, al
though an old man, he would have to
begin life all over again.
81 had no suspicion that anything
was wrong with tho banks accoa pts,"
he began, "until yesterday. / would
have trusted Mr.. Baldwin, the cashier,
with as much money as he wanted if
it was at my disposal, and ! have al
ways regarded him as an upright,
faithful officer of the bank. AS to the
institution, have always thought
that it was as good bank as there
was in the world, managed faithfully,
economically and judiclously."
"The first intimation that there was
trouble with the accounts was made
by Mr.. Baldwin to Stephen IL. Con-
dict, yesterday morning. He requested
MIR, Condict TO meet him at the bank
at II o'clock, on what he termed i'm
portant business. Mr.. Condict was
there punctually, little dreaming of
the disclosures to be made, and only
wondering what MIR. Baldwin could
want him for. Mr.. Baldwin, with tears
in his eyes and detected cSuntenance,
said to Mr.. Condict
"The Mechanics National Bank of
Newark is insolyent to the amount of
81, 600, 900 or 81, 500, 000."
"Mr. Condict looked at the cashier In
amazement, thinking that the statement
was not true. When he had sufficiently
recovered b. breath Mr.. Condict asked
how the deficiency had occurred. Mr..
Baldwin replied that IL had been done
through his lending money to q. Nugent
& Go. The general facts in this stu
pendous embexzlement were then re-
lated to Mr.. Condict by the defaulter.
When the cashier had finished the story
of his crime, Mr.. Condict went to the
houses of the other directors, and after
consultation, it was agreed that we
should meet last evening at the house Of
President Halsey at Z O'Clock. There
oh nr nina nF tho diraH.
tors, every one Of whom would have de-
clared the day before that the ban < was
as prosperous as at any time in its his.
| tory.
aWhen Mr.. Baldwin was before us,
continued the director, she Appeared tt
| be anxious to make clean breast o.
the matter. He said that he fully real
lied the grave nature of the ofense, ant
admitted that he ought to be DEAL with
| In the severest manner the law coult
allow.
"sThere Is no excuse for my mis-
Deeds he said, land now see what
ought to have seen years ago. l stan'
before you tonight perjured forger,
faisitier, and a criminal
When Mr.. Baldwin was giving III
facts TO the board which have been re
latlng to you, he looked like broken
down man.
az think, gentlemen he said In con
clusion, shat you ought to send fpr OIL
GERS and put me under arrest for misap
propriating your money and the none
belonging to other persons. 1t IL you
duty to send me to jail, and only as
the one privilege of going home to In
form my wife and family Of my mis-
deeds. They know nothing about thi
affair. never expect to 20 TO the BAN
again, but, Instead, expect to go to jai
aud from there to State Prison, where
shall have TO end my days. If l had nc
been too much of coward l would nc
have been here to tell you this story tc
night. should have shot myself. Sine
have chosen to live must suffer-"
HOW THE BANK EXAMINER WA
DECEIVED.
II. S. Shelley, the Bank Examiner
was seen at the Park House in New
ark last night by a reporter and wa
, asked what he had discovered in tn
days examination. 1--WE have nj
had much time" he said, ito lear
! ANYTHING, nor can | tell you when
will be able to give you ar ythin
definite, We have been at work @
trial balance to-day and have nj
vet examined the accounts closely.
ibid you not examine tho bar
last year?"
Yes in August, believe,
"How do you account for the ia
that you did not discover the en-
:. bezzelement them"
81 was very much perpleKed
= know how 1t was that | had n