New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-08-13
DICKINSON'S DEFALCATIOM
THE AMOUNT SAID TO BE UNDER $4,000
VIII ImE srocKnoLnEns SAVE ANYrnNai-

WILL THE STOCKHOLDERS SAVE ANYTuuNGf-
NOTHING KNOWN or ruE FUGITIVE CASHIER.
There were no really new developments yesterday
In the affairs of the Wall Street Bank which failed
on Monday IN consequence of embczzcmeuts by its
cashier. The State Examiner with one Of his
deputies began a thorough investigation Of the
bank hut this work probably will not b. completed
for several days No action for the appointment of a
receiver was taken, and it said thar none will
be taken until the State officers have recommended
such a course. The many rumors circulated IN
Wall Street that the deficiency had becn found 10
be nearly million dollars were denied by otncer5
and directors Of the bank, who declined, however,
to specify the exact condition according TO their
own examination. President Evans simply re-
marked when the street rumors were repeated to
him:
The Sire often gets matters terribly 4, ! can
only say. nj YESTERDAY that hope the 7toekhoies
Will sonnet ing flom the wreck The further ek-
am no non Goes n show worse condition. eel c'bn-
their holdings.
Charles J. Osborn, one of the directors who has
been constantly engaged for the last two days in
looking into the affairs of the bank, was only a
little L s confident in his statements. lie said:
when 1 ecan the examination, my acti VS. sep
arate ne sheep the banks So urf-
tie counted the shop, but paid no ate uon TO he
goats The result the usicn mat IN NIX collh
pay its deposit"r. In 'l s.ce then have 10 kcd over
produce somcth 2 for ihe stock H.w ca Ite er-
uctlyl II Whit is Justly due he bank al q paid, an
right bni suppose tnat clims are ma ot wac we now
know nothing. All tha can say Is th,tw nave dscoy-
cred some 10000 which we hai 10 coun,'d ye.ter-
day. Matt 10 not look blscker, al any rate han
tney sid yesterday; an satisfied with ta tc'' even
In answer to repeated inquiries Mr. Osborn
finally said that he estimated the falcation OF
the cas- Ter at between $210000 and $3OO,O00
The remaining deficiency on loans which were
not properly supported by collateral security. Hc
added
of. .b 1oar f-tOf lnu
presume vi b. pas. 80 FAR IS m c,nce' nee ned as
sockhoIder Of tie bank. can say uy lhit 10 10 hos
fully paid The Other arge OckhOlters hold be slms
opini6n The fct H. tnat A. direct r W, We neglected
dutp and for one will give NV ock 20 a chArt-
able institution tie he dep)sItor' can be saved from
WHERE Is DICKINSON '-wHY III FLED.
No information a, to the probable whereabouts
of John F. Dickinson. the fugitive cashier. was
obtained yesterday. While there seemed to be
division of opinion as to whether he had left thd
city or not the general impression was that he had
fed to Canada. No effort to follow or arrest him
had been made Officers of the bank laughed
scomfully at the statement by his father
ln-aw that Mr.. Dickinson had only
| shown bad Judgment in making loans,
bnt had not been guilty of a crime. " Why. this
/ morning found some OF the banks securities
! tucked away i'm one Of the pigcon-hole Of ms
desk" one Of the directors exclaimed with some in
! dignatlou. That certainly WIS not the place
| for valuable securities, even II We hat
] ltf ia nd nn
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~ 20 -.u-,iv of irruor ". Rms h,s
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| came to Now lolk last vcol the time originally
appointed fnr the inspection. hut "hH Compelled 80
! r,tuw to Vermont op account of tho btipinkn
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manner DIT "r' '' "' ""'
"'""' d" AS nom h' pos !'' u'''
uAbIuuI- uf STOCKHOLDERS.
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