The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-11-01

uClty To the NAMES ut the present time
when nothing is positively known. Thl
defaulting cashier has long been bott
esteemed and liked in Newark, anG
his fellows in office in Othel
Newark banks seem to be u
much grieved US surprised, This is sayins
much, since the surprise is simply bound
less. As one prominent citizen remarked
"He would as soon have thought OF one o
one of the churches turning over and
standing on top OF its spire." While
Baldwin was making the statement to the
directors on Sunday, confessiIg his own
guilt, the bells in the Trinity Episcopal
Church, Of which he was member and
to which he had subscribed literally, were
calling the faithful 10 worship. Little in.
deed did Baldwin's old church friends
think as they sat in church last night, that
one OF their leading lights was ut that mo,
ment confessing himself us thief.
1t appears that Baldwin was at one time
trustee OF prominent Newark savings
institution which deposited in the MeChan-
les Bank. Through some misundestand-
ing he resigned, and the Savings Bank
withdrew their account from the MeChan.
les, thus guarding against the present fail
ure.
At the Newark Mutual Benefit Life In
surance Company, in Newark, Of which
Baldwin is trustee, the excitement il in
tense, The President Of the company left
for Newark Immediately ON receipt OF the
news, The company is involved, II is
understood, quite heavily, One Of the
officers Of the insurance company said that
they had never before experienced such n
shock.
Baldwin was man OF unimpeaChable
character. lie was married and was father
OF four children. In social circles he was
regarded as one Of the leaders, and his rep
ution as q tlnanCier was unexCeptional.
Baldwin positively refused to see anybody
with the exception OF his personal friends.
To persons calling at his house his son an
swered that his father being sick could not
sec anybody at all, especially no reporters.
Baldwin's wife and his children, two boys
fifteen and six years old, and two girls,
eleven and three years, stayed ut his .bed-
side all day.
Baldwin said to friend, II am guilty
and am willing to go to the penitentiary."
At five o'clock United States Commission
er keasley and District Attorney Keasley
called at his house, together with u short
hand reporter and ex-Judge Ellsworth,
Baldwin's attorney. Baldwin positively
denied that he had used any Of the funds
OF the bank for private speculations and
said: "SinCe tile organization of the
bank, the firm Of G. Nugent & Co. being
among their principal customers since 1873,
they made irregular loans, and | gave
them money without security and
without the knowledge OF the Board
OF Directors, Nugent compelled me
by threatening that he would tell the
directors all about these crooked transac-
tiOns to give him more money from time
to time. Sometimes Nugent paid back to
the bank $4,000 per month, but he drew
more always than lie paid. | hoped all
those years that Nugent 4 Co. would re-
fund these sums, knowing the firm to be
very wealthy. Nugent { Co. were well
aware of the fact that | used the funds Of
the bank for the loans and made them up.
Up to date Nugent K Co. had received
more than two million dollars out OF the
bank. The mOdIW Operdndi was that MI.
gent & Co. gave checks for New York firms
TO pay some money to the bank from
time 10 time, and the funds OF the bank
were used to pay the drafts Of tho firm.
Entries in the books we're ialsiflei so that
the directors thought the business of the
bank was all right. Christopher Nugent,
q wealthy morocco manufacturer OF the
firm Of G. Nugent K Co., was arrested this
evening at his house by n Deputy U. s.
Marshal, on the charge Of aiding and abet-
ting cashier Baldwin in embezzlng the
funds OF the Mechanics National Bank.
He gave hail to the amount OF S25, 900 to
answer the charge. The arrest was based
on a voluntary statement OF the cashier in
regard TO loans TO Nugent. Nugents bonds
men were George B. Jenkinson and James
Smith, j.. The complaint against Nugent
was made by Commissioner A. Q. Keasley.
District Attorney Keasley in his affidavit
sets forth that he on his oath slith that OIL
this day he has been informed by James
F. Bond, one Of the directors OF the Me.
chanics National bank, and acting as a
member OF the committee OF said board,
that Oscar l.. Baldwin, cashier OF Eid
bank, has from time to time during several
years past abstraCted and wilfully misap-
piled the funds and credits OF said bank,
and by such misappliCatiOn has caused q loss
to the bank OF over $2,000,0O0, with in.
tent to injure and defraud said bank, and
the creditors and stockholders thereof,
wherefore this deponent charges that said
Baldwiris guilty Of the violation Of Section
500 Of the Revised Statutes OF the United
States, and prays that he may be appre-
hended and dealt with according to law.
And james F. Bonds affidavit Is to the et.
feet that ION the 30th OF October, meet
ing Of the Board OF Directors, said meeting
was held at the house Of Joseph A. Halsey,
President Of said bank; that said meeting
was held in consequence OF revelations
made on the morning Of that day by Oscar
l.. Baldwin to Stephen II. COndict, one Of
the Directors; that at such meeting said o.
L. Baldwin revealed and admitted TO the
Board that he had from time to time, with.
out the knowledge or authority OF the
Board OF Directors nisapplied the funds Of
said bank to the extent OF over two million
dollars, and that the said bank had there.
by become ruined and insolvent, and that
this deponent therefore, acting on behalf
Of the Board Of Directors, charge that
said Baldwin has, from time 10 time, with.
in the three years last past, distracted and
wilfully misapplied the funds Of said bank
and has made divers false entries in the
books, reports and statements Of said bank,
with intent to injnre and defraud said asso-
CiatiOn and other persons and corporations
at present to this deponent unknown"
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NJ. LOUIS PIRE DEPARTMENT.
ia DeHeienee ard tbe I0adea1ats water