The sun. [volume] (New York [N.Y.]) 1833-1916, 1884-09-07
HALF A MILLION MISSING.
ONE-HALF THE BANKS MONEY AND
THE REST TRUST FUND&
Ne I.saeer Any Dsubt Expressed h New
Brusswick that Cashier nli Coauittea
Ruieide-Strong Boxes Found Empty.

Il has been the habit OF tho officers Of the
National Bank Of New Jersey In New Bruns-
wick to open the doors for business at 81 In
stead OF at 10 o'clock. as Ia usual with banks.
Whom they opened tho doors at their CUSTOM
airy hour yesterday they founi a crowd OF men
and few women waiting to rush In and pre-
sent checks for balances In full. Tho
crush was SO great that tho police were
sent for to regulate the line. When
they arrived Assistant Cashier Campbell began
paying out the cash deliberately. In tho line
were large number Of representatives OF largo
business firms OF the vicinity who wsre draw
ing only their usual amounts for Saturdays
pay roll. Others. seeing these men In line.
did not consider the real reason for their
presence. and. in consequence. the limo soon
reached down the rounded flight Of steps to
the sidewalk and around!on the'shady side Of
the building until over 100 were In waiting.
The crowd was orderly. and not n few were
found ready to donounce those who intimated
that Cashier Hill had committed suicide. In
spite Of the fact that he was found In a close
room with the gas flowing from four burners.
Nearly all expressed surprise that no statement
had been made by the bank officials. At 10
O'Clock a clerk came out and tackled this un-
grammatical notice on an outside door:
.n m S nss: S:is
re, "r capital |, ,afs xna every aspo,tor will receive
KusroS; VIZ. sronDAMp:
Of tho suicide OF Cashier Charles &. Hill. but 1t
failed to remove the fears q those who were
reo ns Mshon aFss x se nd
and eysrs nsd hssa TO the 5s
s sns had until t Snsa! tn' Hsht
about the bank during the morning. While tho
men in line talked q these tacts. william
makers OF Sayreve. came UP with check for
$4,000. for cash to pay Of the help. He soon
s "a. Of Ss M nK Ana a
BY, the policeman at the door. and then Offering
a director ono dollar for the privilege Of speak
late arrivals offered SO for advanced positions
in the line but there were no takers.
The nervousness among tho bank officials
was arparen!ly greater than i was among , the
Asbmore / the i head bookkeeper, tainted Under
the pressure 6u, after haf an hoIrs rest ne
s snS sn, Cashier Campbell looked over the rail
ns sGn Sa ' M oS a aa"a MH wsn
to tho city for a surnly this morning. and we
comes there will be an abundance for all. and
we shall continue II the which We arc
depositors. While awaiting Mr. Martins mr.
rival reporter met physician md one OF the
alton, When, the officer was asked what had
been done and what was known o: the affairs
a0 tell SHa Doctor sSN f TO a allow
his name e BE- used and then said: ,...
The asesaey et b Cashier s eI R Is about
sss s1 ss hss Of lie bsGssR
boxes In the banks safe. President Runyon
big estate. There is over half million gone.
The President sdmIts that he was specIlating
Hin were together. Anyhow. he is broken and
ss IT, ] sa H. tt Snf M FsSEss1 rs s
the executor q, q the estate; and J9seph Fisher
con- in Mr. Fishers Office yesteriay.
Snd r. sa nn he box
and that he did not know whether anything
had been stolen or not. Those who, inquired
could not be attended to, while the run pro-
crossed. Mr. Fisher aGdsd that tine -, 9 +
b both boxes s We're probably treated alike ' ''
| At2:lS o'clock. Mr. Mnhlon Martin appeared
sasare
high. that was i lied with currency, and mme:
the s y a OF ooa h
bell snid: ,,,,. .,
There were oycr 100 people in line in waiting.
| Ono. who asked II his check would DO good on
wS In fe Said
The run could not haye been worse the
was s er9w 81 all Hay financially vcrs in
All Sorts" -,
DID you ever know II bank Of discount that
|
tied money syfS while the run ~ vas
Sheriff pisbT2w sent messenfeE With ssoo to
| II the Sheriff knew the condition of affairs
the shSsTiir hoI further said lie would have put I
tie NorioIk - and New Brunswick Hosiery Com.
pnny Deposited 4 5oo sna then told the re- 2
the bank. one as trustee. AMI that no had full
Among the people in line we've number who
Wishing, to draw deposits received checks on
asposss 0fSe Ennyon assnsa to
state the amount Of the deficiency; but sajd i,
ss s%SS" 'fsS sS ss
at the last statement Ths Jpiy dividend 81
Hsn wfH hs ts haSs %
that last statement from 81 .o6s. 1884 to about
$4,000 This was IN the natural E course o.
loaned out. OF course. believe the security Ia
good"
Director Martin refused to give any informa.
tion about tho money he brought from New
York. and when asked why the deposits had
bus inese. When Director Stoddard was asked
what tho deficiency was. no declined to toll! but
said 1t was over $50 900 Director Lewis How
ellis was asked r. the deficiency exceeded $lOe,
600. He said: Don't say that: say that we will
Your surplus was 1926. OOO.'
Nos with tho undi yided profits 1t was really
| over $3.50, 900. We believe we shall have some
this disaster will BIO tho stockholders"
rs 1t true. MS rumored. that people who have
left bonds and other securities ut the bank In
trust or for safe keeping havo lost them?"
Il do not think SO. We were too busy to make
came In and asked for their bonds went ant
got the packages for them myself 1t may bt