Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1884-09-18
GREATLY EXCITED.
The People Of New Brunswick, N. j.,
Shocked Bya bank Failure.
The President and Cashier Commit
Suicide,


New BRUNSWICK, N. j., Sept $50 sud
denly has The announcement OF the utter co..
lapse OF the national bank OF this city fallen
upon the public and SO tragical have been the
events subs, quent to the disclosures that,
without taking into consideration the vast
amount involved, the whole affair stands with
falcations. The statement made known that
while yet the examination was but two-tbirds
completed S235,93J 81 mad been found
wanting bad plunged many depositors into
despair. or this amount SIG S29 GA was ac-
knowledged to have been embezzle by Cash
Ter HUI who committed suede. The differ
cree, or $50, loo 81, had been drawn out by
President Runyan. IL was known that the di
rectors were working early and late over the
accounts, and that they were greatly agitated
Nearly all day Sunday and far into the night
they worked over the books. Being iu-
expert bookkeepers they finally found
themselves In hopeless snare.
BY one O'Clock this morning lights again ap-
peared in the bank building and one by one
the overworked and anxious directors pass
ed in. Two policemen guarded the
doors. AT o'clock President Runyan drove
upapd hurried into the bank. He was nervous
ane excited, arvd was observed to speak inco-
her, ntly. Before daylight the report that he
would be arrested renewed his excitement, and
a crowd OF citizens began TO gather. AS the
morning advanced the anxiety OF the deposi.
tors grew apace and their demands for money
became more angry and determined. The chief
of police went inside the bank with two OF his
officers and Waterman Wesner. At 9 A. NJ.
Banl. Examiner Edward Il. Shelly arrived and
took charge, and few minutes later directors
Wychoff and Martin left on train for New
York, on mission TO the Ninth national bank,
the correspondent OF the New Brunswick.
The Ninth national during Tuesday last for
warded 100000 10 the bank, and Saturday
SIS, coo more. Director Martin arrived by
noon with $4,000 additional. The anxious
depositors who waited for the opening this
morning were doomed to disappointment.
Despite the assurances of the bank officers
that all demands would be promptly met, the
fact coming to their ears that q depositor
waited with check for $4,000 caused them
to suspend, and shortly afterwards the follow
irg placard was pasted on the doors:
The hank is temporarily closed pending an
examination by the examiner, who has arrived
and taken charge. No business will be done
except the paymelt OF drafts and notes, for
which purpose people will be admitted by the
police.
EDWARD II. SHELLY, Examiner.
President Runyan paced bis room nervously
answering the directors questions He fre-
quently glanced despairingly at the examiner
and at times spoke with acting cashier Camp.
bell The latter's reports we're anything but
encouraging. They endeavored to soothe Run
yaD, but he kept repeating, "We're ruined.
we're ruined" Then he called for his old-time
FREUD Simon Van Wickle, who was sent for.
For q few minutes he conversed earnestly with
him and then, as Van Wickle turned to 60,
followed him IN the hallway and was heard 70
say: "a full million gore, Van, full million. /"
Then he was missed aud when search was made
for him 1t was found that the door 10 a closet
was locked. Wesner the Waterman climbed to
a window and looked In. He was Mortified to
can President Ia inr ffacV min tha
floor, covered with blood. With a bar Of wood
Wesner brC Ike the window and the door. As
they lifted the dying man up he expired. prs.
Clark, Williams and English were ut once sent
for, but the President was dead. He had re
moved his coat and cut each arm twice on the
under part OF the elbow, severinE the large
arteries. He had also cut his juglaf vein and
right site OF the throat. The weapon used was
small penknife with q blade an
inch and half long. IL was re-
marked that Examiner Shelly did not look up
from his books when told that President Run
yam had killed himself, but merely muttered
100 bad!" and kept on figuring. The cor
onev was notified and NJ once impaneltd ju-
ry Of nine men, Who viewed the body and ad-
journed.
IL appears that Runyan has been in an ex.
tremely Dervous condition ever since Hills
death, and last evening betrayed signs Of aight-
mess. To q few confidential friends he yes
terday expressed the lie lie: that the officers of
the law were logging his footsteps, and that
several OF his fellow bank directors eyed him
suspiciously. In the course Of the night he
pressed his hands to his temples as If suffering
great mental agony, and was heard TO say, 81
cart stand this" He was doubtless acquaint-
ed with the fact that lie was about TO be ar
rested, and 1t was this knowledge which led
him TO seek consultation with Van Wickle.
Before the body was cold constable ar
rived In carriage and served q warrant upon
AIT pK( fao Ira I'd .hall l.t.a
broke down utterly and shed bitter tears, but
offered no objection tcIaccompanying the officer
10 justice court where he filled bonds for his
appearance and WAS driven back TO the bank
IL is asceItained that President Rupyah's
property, valued at between $40, 600 and $780,
900, was heavily mortgaged and has been en-
tirely swept away by speculation ana mortgages
In the bank. He was member Of the
original Ruryan family of New
Jersey, which came from France In 1865. He
was deacon OF tue First Baptist church of New
Brunswick and attended services yesterday.
his farms, of which he had several, were
among the best in the country. He was In his
Goth year.
JOHN q. Myers, one Of the directors, stated
that the report that Cashier Htl's bond Tor
$50, coo had been allowed TO lapse was false.
IL had been In the bank within 20 days of his
death, but had probably been stolen aud de-
stroyed by Hill. 'Tn, re is no trouble about
the bond" said Mr.. Myers; ''the four bonds
men shoulder the responsibility"
In addition to the suicide OF Walter Carroll,
a deposition, who followed the example Of Pres.
ident Runyan, 1t was reported at o'clock to-
day that johnson Letson had died suddenly
under the strain Of the excitement and worry,
thus adding the fourth to the list Of deaths re-
sulting from HIPS financiering.
q. j. Carpenter believes that the deposi,ors
will be paid In full. ~ deposited 81, 500 the
day after Hilrs suicide," he added, land /
would deposit several thousand to-day IL they
would take IT, We will put up the money To
make the bank go on"
When late this afternoon Bank Examiner
Shelly discovered a deficit Of more than q
millions dollars In surplus cash and securities,
the town went wild, men rushed lfranticaly TO
the doors Of the bank, only TO find that the
business OF this institution is suspended for
the present. In tie j. b. Adrian estate over
$780, 900 is gone and the Ira Voorhees, estate is
partially ruined. Cashier Hill, US custodian
OF this estate, made away with all Of the bonds
and securities.
Later from New Brunswick.