Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-09-09
New BrunswicIx's Great Bank DcfaIca.
ton.

at some length by the body. and finally, on
motion, was laid on the table.
New Brunswick's Great Bank Dcfalca-
zion.
fiiv telegraph TO the Dspatch.I
NEW BRUNSWICK, N. j., September s.
New Brunswick rs shaken 10 its centre.
Bank-Examlner Shelly has discovered
defcit OF over 81 600, 900 in surplus cash
ana securities. The town is wild. Men
rush irantically 10 the doors Of the National
BANK only 10 be told that the business OF
the institution Is suspended for the present.
Ira ,oorhees's estate is partially ruined.
Cashier Hill was left the custodian Of this
estate and Of the bonds and sureties. He
made away with them all. Over $4,000
was taken here. In the G. u. Adrian
estate over 100000 Is gone. Mahlor Run
yon, who committed suicide, had 100000
IN Government bonds. Hill had me-
gotiated for the sale Of these, and
cCnslmmated the same three days
before his death. Runvon knew
nothing Of Hills doirgs, trusting
him implicitly. The crash In Wall street
in May last took the bulk Of Hil's steal
ing. Runyon, although quite popular. was
ignorant Of business. He was willing
tool in the hands Of the designing cashier,
who hat The run OF the institution. At
9:ij a. NJ. President Runyon drove up to
the bank in his carnage. He was accom-
panied by bis two daughters. Goodbye,
papa" said Julia, the eldest, reaching out
OF the carriage as Mr.. Runyon descended
to the pavement. hope all will be WE'LL"
elf you do not see me before night" he
responded, "tell mama will stick to the
bank Twenty minutes later he sent Chief
Fitzgerald. who was IN charge OF the bank,
for . copy Of the New York Times. In which
the story was told OF his completely in the
banks downfall. Securing the paper, he
went into the room occupied by the organ
iZing directors and began to read 1t. A
deathiy paIior spread over his face and he
exclaimed: MY God What will my
caildren do" Passing his handkerchief
over his brow he threw the paper into the
lsp Of Director Stoddard. and, excusing him.
self. went into the tOilet-room Of the bank.
4 minute laer the sound OF a fall was heard.
The directors rushed to the closet and dis
covered the body Of RunyOn on the floor.
Blood was oOzing from gaping
wound in his throat. Determined on
suicide. he had ctt his wrists deeply. the
blood squirting against the wall and cell
ing. The thousands Of people outside
were Mortified. shall we raid the bank z"
was the question which agi,ated the ago.
nizcd dcpositors. Farmers from the coun-
try Joined the throng and shouted for
their money. The police 1anked the
street. and with difficulty queled the rising
disturbance. at II O'Clock one OF the di-
;cctors, johnson Lesson, was reported
dead. An investigation revealed the fact
that he bad become exhausted on account
OF the strain on his nerves. He was
heavy StOcLholder. and had deposited
trust funds. Charley Davies, clerk OF
the bank who had been reported dead,
was found alive at l:D i. NJ.
Martin 4. Howell, who withdrew as a
director eight years ago, said; II saw it
coming. Charley Hill was too liberal. The
Republican party went to him rs banker
| for funds. lie doubtless took the bank
| surplus TO AID friends. Knowing this con-
| diton Of affairs, quietly withdrew"
"Why did you not let the public know
| your suspicious -
II was advised not TO do So"
"By whom:'
"By The directors"
! The cilec. on the town is crushing. The
widest excitement prevails. The streets
are thronged with county depositors. Fears
| Of a rid on the bank are increasing. One
! hundred special policemen have been sworn
| In by the mayor TO surround the bank pro-
perry. The coroner's jury in the case Of
| MaElor Munyon's death returned verdict
Of "wifu suicide" At o'clock, inside
The bank, Acting-Cashier Campbell WAS
seen.
"Wbat 90 you know" the reporter
asked.
II am amazed ana horrGed over the al
fair. Ny heart, blood might have been
ailIad for Charley. but when see what is
! about TO Occur-the fall OF the whole insti-
tution-my heart bieeds."
.Give me something tangible, will
your"
"Uin was never my confdante. a.
though undertook some OF his greatest
! Missions
Explain" said the reporter.
"As messenger 10 and from Hlllgarten Il
| CO.. New York, / have taken money for in
| yesiment TO them. | don't know the re-
suit. | have had fears OF the present re.
suit for SIX months, but kept my mouth
| closed"
why"
Because feared expulsion by the d.
! Fectors,"
Did GOT think Hill crooked ?"
"Perhaps," (hssitatirg,) ~ might IS
well make an open breast OF the whole
allalr. Well, Hill was too much beset by
! the politicians. lie evidently ruined him
self lv flltering aid to the Republican party
AZ well "a in Wall street and the races"
What elseg"
"Some time since he wanted a newspa-
| per. lie put money in the hands OF Tin
dell and Hose TO start the Evening star, a
Republican paper. to denOunce the manage
ment Of affairs by the Democrats. Hose
skipped the city. Owing to libel SUIT,
the paper went VI, and. with it, Hills
future prospects OF popularity"
Joseph Fisher. sr., custodian OF the
Voorhees, estate, refused 10 diyulge
why be had not signed the relea:e protlered
| hy Hi. when Il sale OF the 5pGds might
have been Effected.
mo. sir" he said. 81 am not such q
rascal as TO take landed estate from the
NooThoc, boys, and YOU will find me
| always oil the side OF the weak
"Was Hill in your coutdenceT
"N0. no." (besitatinglyD
"WLat do YOU know about this trou-
Ue?"
Tie question startled him, and he fell to
the pavement in faint. lie was picked
UP and carried home by the police.
The scene at the bank beggars descrip-
ZION. My God." exclaimed Director
>todGard, 1.-THE whole city will 60 under.
The city debt is now nearly $1,000. 900, and
the bank nolds its paper. The savings
banks have gone under, a1d we have their
capital"
AVA. Nahlon Runycn about 10 be ar.
restedE'
"So have heard"
"What for:
"Plcase don't ask ne. | ain nearly dead
myself