The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-09-09
Paid the Penalty.

New Brunswick, N. j, 81
Mahlon Runyon. president OF the
national bank, cut his throat IN the
water closet OF the bank. he was
Implicated in the thievery Oh
Cashier Hill. There is great excite
ment over the double suicide OF the
president and cashier Il the
National Bank Of New jersey. Inc
statement furnished by these
officials in June of the current year
showed a paid up capital of $3.50,
600; surplus $l25,0O0; undivided
profits. S7S, 1SO. There has been
nothing in the public history of the
bank since that date to cause any
uneasiness to stockholders. The
suicide of President R1nyon, while
strengthening the testimony OF
giant frauds In the management,
CAUSES unbounded establishment to
the general public.
President RuDyon, who commit
ted suicide this morning, was a
farmer go years old. He leaves
wife and four children; he has been
president OF the bank five years.
The National bank is in chaos
over the $1,000 600 stolen by Hill,
Mahlon Runyon, tue president, in
plicated in the theft of Hill, eXpec-
ted to be arrested when he took his
life. The city is wild. Crowds
blockade Church street, where the
bank stands. Acting Cashier Camp
bell expec ed to be arrested for
completely. Other suicides are
PIE ic ed. A N OBJ threatened to burst
open the bank, but was subdued by
the police. Walter Carol, deposi~
TOR. cut his threats Oh account OF
los ses.
New Brunswick is shaken to its
Centre. Bank examiner Shelly has
discovered a deficit of over 81 600, COO.
The town is wild; men rush frantic>
ally to the doors of the National
bank only to be tod that the bust
ness OF this institution is suspended
for the present. Ire Hosibes' estate
is partially ruined. Cashier Hill
was left Ms custodian or this estate,
and of the bonds and securities he
made away with, all over $4,000
was taken here. In the G. B Adrlsn
estate, over $50 900 is gone,
Mahlon Rupyon, who committed
suicide, has $4,000 in govern
msnt bonds; Hill had negotiated
for the sale of these and con .um-
mated 1t some three days before his
death. Runyon knew nothing OF
HIPS dDjngs, trusting h'm I'M
plicitly. The crash in Wall Street
II May lset took the bulk OF HIPS
stealings. Runyon, although quite
popular, was ignorant of inauc' al
matters and was willing tool in
the hands of the designing cashier
a. Gas q. N. President Kenyon
drove up the bank in his ca rlage
he was accompanied by his two
young daughters. Good bye
papa" said Juliet, The eldest. reach
ing out of the carriage az Mr.. Run
yon descended to the pavement; -
nope ell wild be we'll" "Ef you d(
not see me before night" he re
soonded, "tell mamma 1 will sill
to tue b nk." Twsnty minutel
; later he sent clerk Fitzgerald, WIZ
was in charge of the bank. for ,
copy of the morning papel
in which the story was tolC
OF his completely in the bank
downfall. Securing the paper hi
went INTO the room occupied by the
organizing directors and began t,
read. A deathly pallor spresd hi
face, and he exclaimed, "My God
what VIII my children do?" Pass
handkerchief over his brow b,
threw the paper into the lap o.
Director Stoddard, and excnsin.
himself he went into the toilet room
of the bank. A minute later tn,
sound of fall was heard the direc
tors rushed to the closet and dis
covered the body OF Runyon on tht
floor, with blood ooZing from gap
ing wound in his throat. Deter
mined on suicide he had cut hi
wrists deep, and blood was spurtin(
against the wall and ceiling. Thou
sands Of people OUTSIDE were horri
fed. "-hall we rail- the bank?
they said. Farmers from the coun,
try jolt ed in the throng and shouted
for their money. Police hsnked the
street snd with difficulty qaitec
the rising disturbance. At I.3t
Gle Of the directors, johnson
Letson, was reported dead. In
vtstig alton revealed the fact tina
he had become exhausted on &C count
Of the strain on his nerves. HI
; YVES a heavy stakeholder and hae
deposited trust funds. Charlie
DAVE, q clerk in the bank, who hso
beed reporte dead, wazfound alive
at Las pm.
Ne y York. S.-Ths suicide Of
President Ruryon. OF the First
1 National Bank of New Brunswick
is sid in Wall street to be due Il
his overdrs wing HE accounts at ths
bank about $50 600 He also In
vested the banks money in secLri-
ties not Negotiable at the value pre-
scented.