Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-08-23
THE ALBlON-BANK TROUBLE.
A. 8. WARMERS cRo0KEDNEss,
ruI thor Particulars OF the Suspsssisu CT the
AIbios Firts National Bank.

AIbios firss National Bank.
Yesterday we published telegram an.
nouncipg the suspension Of the First Ma
iioual Bank Of Albion. N. r., and the
flight 81 the president, Mr.. A. ;. Warner.
A local interest Is given 10 this affair ia that
= daughter Of the late Roswell l.. Burrows,
ard one Of the heirs TO his fortune, 10 a
resident oi Richmond, having married Mr..
Byrd Warwick. OF this city. The follow
ing special 10 the New York Iisaes gives
additional paruculsrs;
The village Of Albion was to-day thrown
into the widest excitement over the
following notice which appeared upou
The doors ~ the First National Bank:
"0wipg 10 the absence Of the president
Tie business "a this bank " suspended by
order of The Board Of Directors until IN
examination can Ec had of its Affairs
RI. Coau. cashier OF the suspended
hank, said that Mr.. A.. :. Warner, the pres
idcrt, lett Albion for 81. Catharines. on
iaIio, on TIE evening train OF August 18th,
expressing his intention 10 proceed to New
York hOm !hnt place. Since that time
,,othius has been heard from him. Tslc-
grams ~ inquiry have been sent, but no
information oi his whereabouts has beSn
obtained. The inner safe OF the bank, 10
which MIR. Warner alone held the combina-
lion. hiss relusined closed, and this fact,
Together with she suspicious excited by
the presidents prolonged absence, caused
MIR. Cosn to call meeting OF the directors,
wbo suspended business pending full in
vestiOation Of affairs. Mr.. Coan expresses
belief that the cepositors Will bo paid in
fun.
The directors Of The institution are Al.
beri :. Warner, president Il. I. Coan,
cashier; Mr.. Roswell Burrows, and Glenn
cnt Bliss. The lnst published statement,
dstCd July bib, gave aS Resources, loans,
sud discounts. flS0,915; other resources,
Slg2. oSl; liabilities. deposits, aud cer.id.
Gales. Sl0l.SO0: capital, Si00. 900; surplus
and undivided profits. $4,000. Toe Bur
rows estate held nearly all the stock, and
The bank appeared entirely IN the control
4 Warner IN his capacity OF executor. In
vc,iica,ion shows that he has disposed OF
lis real estate a. follows In deed dated
Juiy 18th. real estate 10 w. 4. Parmely.
consideration. $1,000; 10 Alexander riller.
Of Rochester bis residence for s. aad GER
ta;n int,lf,due>S. There are also two
deeds. Gaitd August 9th, 10 George A.
Newell fo-sl, lie; y mortgage on the Al
birn ,l.iiDg.riuk and stables 10 secure
rofc 81 $4,000 u II. Ii. Warner. OF Roches-
fer.
,r,y in ls-4. \. :. Warner has been the
sci. managing executor II thc ya-t Burrows
estate. in value YaYiOu>ly estimated AZ from
sh.oi0.O4O 10 SlO.O,0,00O. Toe tcStator ap-
roigi,d !cur cXecutOr,-hiS wife. his son.
W. T.. Burrows. and his scls-in-la~. Alex
aIGtr SOW art and Mr.. Warner. Owing 60
>.y,lai causes. including the death OF Mr..
stewart md the total incapscitv oi W. K.
Burrows, Mr.. Warner has hti full charge
Il fic estate. lie has not been eXtrayagant
iu ll> s.yle - liking. hut it j. rumorcd that
lc h.> o'craled Ia stocks. but with what
I,>tl; h2s uo, been made known. lie his
also h,cE considerably Interested in poh-
tic>, lui has never held sny pubic office.
Mr.. Warmer held undi,ilTbcd pos Ssion
O.. thc Burr w. estate. and no attempt Wa,
made leo bring HIM to any sccoun, uni! lat
spring. William l.. CsulkinS, whose name
ha> become somewhat familiar IN this city
on account 90 liz connection with several
important hicaiions, including "A libel suit
aAalu>t TIE N.rGd. was employed last win
:q G> couBC ;isl business agent OF William
H. rUIrows. Mr.. Caulkins secured the ser
vices Of Theodore Bacon. oi this city, as
counsel, and on she 29fh of April Mr.. Bt-
con pTt scented ia the Office OF The Surrogate
al ORLEANS county petition for citation
directing Warner 90 render All accOun, OF
tie proIeIiy On The oh OF June an order
was granted directing Mr.. Warner TO show
cause. on the 13d ~ the same, why be
should rot render an account OF his
stewardship. When the I'D came round
Warner DID not appear, either III person or
hy counsel. and an order wa made direct
ing him 10 file, on or before the 1Sh OF
August, an inventory OF the estate and an
sccount Of his transactions rs executor.
8 AZ 81 h IT.
with q copy % this document on or before
August LIB. Mr.. Bacon did not receive
rs copy. and on Monday the 18th, when be
went to Albion. be found that Warner fled
no account or inventory, and that be had
not been in the village for several days.
The surrogate immediately made an order
leVOking " srnsr's letters ieStament2ry and
dtloslhg bim from the office OF executor.
Ii was thought by some Of Warmers
friends hat be had gone to New York, but
inquiry there and at other places frequently
visited by Dim has failed to reveal Ills
Whereabouts.
The Eank.Exsniner on Hand.
IBv sle~ph 70 the Dispatchl
ALBION, y. T.. August 22.-There was
Int little excitement at the First National
Bank Ibis morning. Great confidence that
all d,posilOrs will bc paid seems To exist
on all sides. Mn. 4. :. Burrows, With her
.on. W. X. Burrows. returned 10 Albion
from Boston lsst Friday. Mrs. Burrows
said that the statements circulated to the
elect that the Albion people had perfect
confidence in 4. :. Warner were incorrect.
She aid she had been trying for years past
10 get him to account, but without avail.
Warner had promised many times 10
60 30. She had suspected all was not
Ggat.aEd believes that Warner commenced
III, Irregularities even before her husbands
death, be being laid up TO- some time be-
tore tba, event with . broken bip. She
lad no confidence IN Wnner's honesty.
". II. Burrows. who !, very i'll. was also
seen. lie said that having decided that
Warner could not be induced 10 make Al
account willingly be took steps last spring
10 force him 10 90 50. He gave ". Il.
Caukius. ia whom a, the time be had i'm
pli,it confidence, power OF attorney -
enable him t. get certain bonds and mort
cages deposited In tie bank vault al Albion,
which be did. These bonds aud mortgages
W,Ie d,pO,ited in Boston, but aiterward.,
Burrows SAID. no was convinced that
~Caulkins was not his friend, and 50 gave
4. :. Warner another power OF at
tCrrcy. He saws that Warner got
\ large portion Of the securities in Boston,
aud .uppOses he has made away with them
lie saws be never has had confidence In
Warner. Mes.rs. Bull1rd Il sawyer, at
tOrn.y, for W. A. Parmsly, have caused
On attachment TO be issued 10 the sherln
sgainst A. :. Warner. Pnmaiy's claim
sSainst Warner is over 10000 for money
loaned the latter. The II O'Clock train,
this morning, brought Thomas williams,
Of Vernon, Oneida county, the banker.
SIMMER sent here by the Comptroller oil
Currency. He proceeded immediately 70
the bank aud took charge OF Its books. The
same train brought William Corkhill and
Asa Z. NorcrOss. Experts were sent &c
open the vault, and they are at wors
upon il.
n TERRIBLE SUSPICION EXCITED
One Ct she Earr0us HENS fatnuJ fesche'