The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-09-09
Follows the Exampl faulting Cashier
Hill. of the Same e on, and Eyades
the Law by His Life.
A HaSty ExamiIl ieVeals a Deficit
of More than a Million Dollars.
Other officials of the Bank Said To Be Impli.
Gated, and Additional Suicides Expected
The Town Wildly Excited.
a STARTLING SEQUEL.
Suicide of President Runyon, of the New
Jersey National Bank.

Suicide of President RuDyOn, of the New
Jersey National Bank.
New BRUNSWICK, N. j., Sept, 8--Mahlon
Runyon, president of the National Bank cut his
throat this morning. in the water closet Of the
bank. He is implicated in the thievery of
Cashier Hill The excitement over the double
suicide of the president and cashier has become
intense. At $40 A NJ President Runyon drove
up to the bank in the carriage. He was aceompa-
MED by the two daughters. Good by, papa"
said Julia, the eldest, as Mr. Runyon descended
to the walk, II hope all will be we'll =
"If you don't see me tonight he responded
tell mamma will stick to the bank.
Twenty minutes later he sent Chief Fitzgerald,
who was in the carriage. for copy of morning
paper in which the story was told of his com
plicity in the banks downfall Securing the
paper he went into the room occupied by the
directors and began to read. A deathly pallor
spread over his face, and he exclaimed 20, my
God! What will my children dor Passing a
handkerchief over his brow he threw the paper
into the lap of Mr. Stoddard, and, excusine him
sell, went to the toilet room Of the bank. "A
minute later the sound Of q fall was heard The
directors rushed to the closet and discovered the
body of Runyon on the floor Blood was oozing
from gaping wound in his throat Determined
on suicide he had cut his wrists deeply the
blood squirting against the wall and ceiling.
The thousands Of people outside were horrt
fed. shall we RAID the bankqn was the ques-
tion which agitated the depositors. Farmers
from the country joined the throng and shouted
for their money. The police fanked the street
and with difficulty quieted the rising disturb
ance.
ALTO one Of the directors, johnson Letson,
was reported dead. Investigation revealed the
fact that he had become exhausted on account
of the, strain on his nerves, He was heavy
stoekholder, and had deposited trpst funds.
The suicide of President Runyoh, while
strengthening the testimony as to giant frauds
in. the management causes unbounded astonish-
ment to the general public. he was d farmer,
and was sixty years Of age. Heleaves widow
and four children. He had been president of
the bank ave years He was not generally re-
gRrded as much of financier, the late cashier,
Hill, being considered as running the institution
pretty much in his own way, and Runyon not
appearing of much consequence.
Over 81, ,000, 900 has been stolen by Hill, and
nAsthtOu AeuHyOut ttAO fUctQ pTS5lu0uU was tLt
plicated in the theft He expected to be ar.
rested. and for that reason took his life. The
city is Wild and crowds blockade Church street.
where the bank stands. Acting Cashier Camp
bell is expected to be arrested for completely in
the conspiracy, and additional suicides are pre-
dicted A mob threatened to burst open the
bank, but was subdued by the police Walter
Carroll, a depositor, has cut his throat on ac
count of his losses
Bank Examiner Shelly has discovered deficit
of over 100000 in cash aud securities The
town is wild Men rush frantically to the
doors Of the bank only to be told that THE
business of this institution is suspended for the
present. Ira Voorhees, estate is partially
ruined Cashier Hill was laftas custodian of
this estate, and of the bonds and securities He
made away with all. Over $19. 900 was taken. In
the g. B. Adrian estate over $3O, 900 is gone
Mahlon Runyon had $50, 900 in government
bonds. Hill had negotiated these for sale and
consummated the same three days before his
death. Runyon knew nothing Of Hills doings
trusting him implicitly. The crash in Wall
street. in May last took the bulk of Hills steal.
ings, Runyon, although quite popular. was
ignorant of financial matters and was will
Ing fOOl III GH0 HdnuS Ol tu0 QeS1RnlIS cashier.
The statement Of the condition of the bank
furnished by Runyon and Hill in June of the
current year showed paid. d.up capital Of $3.50. 000
surplus, $l25, ,00O; undivided profits, $I8, lS0
There has been nothing in the public history of
the bank since that date to cause any uneasi
ness to the stockholders.
Charles Davies, clerk of the bank, who had
been reported dead, was found alive at 1:45 p N.
my whole life was bound up in him, he said,
trembling violently. and when he went off I
thn,1 mi iOht o. wei fnnty him
did you take strychnineF
'.'rhe idea"
..Was Hill in your confdenceaa
s.No. no." (Hesitatingly.)
The question startled Davis. He fell to the
pavement in a faint He was picked up and car
ricd home by the police.
HORRIBLE SCENE AT THE BANK.
The scene at the bank begears description.
The blood had flowed from the room out upon
the marble floor, staining it for a distance of
four feet.
.'NIy Godr' exclaimed Director Stoddard; "thc
whole city will 60 under. The city debt is now
nearly s., 600 900, and The banks hold its paper.
The Savings Bank is gone under, and we have
their capital.
WAS Mr. Runyon about to be arrestodla
$50 have heard.
what forl7
please don't ask me. an, nearly dead my
SELF
Martin A. Howell who withdrew as 4 director
eight years ago, said: II saw it coming. Charley
Hill was too liberal Thes Republican party
went to him as to banker. for funds, ond he
doubtless took the bank surplus to aid hisfriends
Knowing the condition Of affairs, Iquietly with
drew
why did you not let tho public know your
suspiciOnsr
II was told not to do So
''By whoiur
''By director"
The effect on the town is crushing. The
widest excitement prevails; the streets are
thronged with country depositors and fears Of a
raid on the bank are increasing. One hundred