New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-06

S2111,O 600 40. . /.
Marchbank the embezzling clerk, was unable 70
find bondsmen for 81 800 yesterday and he was ~
lowed by the Commissioner to return to ms nome
in Beeville in the custody or the Marshal, to re-
main until Monday Marchbank would say noth-
inc about his case He admitted that yesterday
morning he had had an interview with Baldwin al
the latter's house.
An apparcntly authentic statement is made thaJ
Baldwin discovered that Marchbank wasa defaultcr
when $50 900 had been distracted. lie called iito
clerk into n private room and confronted nun Niiih
the evidence of his guilt Marchbank fell upon ms
knees and besought Baldwin not 10 expose NH
promising to make good the amount stolen. Dill Dill
win yielded aud MaTchhank remained ana r eiin
bursed the bank to the amount OF ABOUT TS,UU ~
Some time afterward ii was discovered that ne was
defaulter in $4,000 more, when he was dis'iSSo"
by Baldwin. .... .t.o.
John IL. Emery, counsel for the bank states that
he has not known of the existence OF any mortgages
on Nugcnts property held by BALDWIN ana ISC cc
assigned to President Halscy and Director Conaict
the one for $4,000 and the other Tor Tio'ooo'
He was first apprsed of the existence OF sucl MOTT
gage, hy the publications. in the nowspapC rs , g.,
Judge Tctse made the remark yesterday mat II
his client Nugcn., went 10 the state Prison on con-
viction of aiding Baldwin he will have the company
of 4" a distinguished and virtuous set of pals lie
Thought that tie Judgment Of people was setung
in in Nuccnt's favor. Mr. Tccsc made this calcula;
tion II !, charged that Nugcnts business absoroo
S. 100 900 IN eight years There are Just I,ioo
working days in that period Of time IL follows
therefore. that if Baldwns story Is true Nngeni =
business was conducted at daily loss OF %r,Uoo
duriuV eight years. his, renaiked JuuEc ice'o'
" is simply prposerous'
The following telegram has been received by Os;
cot l. BALDWIN and was handed by him 10 a friend
WHO visited him. The latter asked permission 10 re-
tam it and exhibit it 10 his acquaintance:
KALANtzoo, Mich, Nov. ..
our admiration il intense. Would like 70 engage yon
Tor lectures, 800 night, to yen Wllhi you S'""
about banking. hALAhAIoo b"N''p VI mann
The quc,ton If the responsibility Of the directors
in view of all the facts thds far brought out IN CON
nection with the bank failure, j. beng seriously
discussed by dcpoSitor. ana their lawyers OHc oil
the latter said significantly yesterday To reporter
This thing has only just begun; the doPosltnrs
haven't had their shy yet and there are people VINO
hold the stock of the bIak who vii NOT taWcly sur
render double its value have trust fund to look
after bat propose t. protect One OF the coun7
sci of Nugcnt remarked that perhaps to-day Woulu
bring out a new and interesting phase OF the SIT
Commi,sioncr Keasbey stated yesterday that the
District-Attorncy and counsel for the bahk were
proceeding I'm view OF acquiring tine property OF
Nugcnt. The matter had been brought INTO tAe
Court Of Chancery and there would be no Judg-
mcuts or writs Just now ne counsel if HuS Inn
the propefty had engaged 10 hold the property
intact until the matter at issue could be legally
~ the meeting of the Newark Common Council,
Friday evening. II. T. Fielder, Mayor 81 the cliy,
sent in communication stating NlA' lni"iiidtlo
of dl-quIetiug character had for some time been IN
his possession regarding the account and finances
OF the city AMI that this coupled with the acI That
the accounts oi th' tl5 ON cIs 'Ia ".' 80. ''J
years. been subjected To expert examination ana
with the additional TACT that the crash OF the Me,
chanic5 Bank had ruined fortunes ana shattered
r,yutatiOns he was moved 10 recommend th' II
nance Committee Of the Common Council To MAKE
a searching and thorough examination, with the ald
of experts, Of the condition OF the cltY inahcc7.
The communication was referred 10 tho flhAhce
Committee. wi power 20 act
The National Shoe and Leather Bank oil TINS city
began Yesterday action III the supreme Court
against the Mechanics National Bank OF Newark 10
recover sol 900. Justice Barrett granted an % Ter
Tor The service of the summons and complaint by
publication.