The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1884-09-10
ANOTHER NATIONAL BANK ROBBED.

The effect of the Wrecked Bank on the
Town is Crushing-The Widest Excite
ment Prevails.
New BRUNSWICK, n. J., Sept. S.-Mahlon
Runyon, president of the National Bank,
cut his throat in the water-eloset of the
bank. He was implicated in Cashier Hills
thieving. Great excitement exists.
The bank was compelled to suspend pay
ment on Saturday evening, although at that
time Runyon declared he had enough assets
to pay all demands, and several of the direc-
tors sent to New York for the cash to tide
over the crash.
NJ. c. Martin, one of the directors, said;
"The deficiency left by Cashier Hill is about
S26O,OOO. Mr.. Hill was the trustee of two
estates and had $3.50, 900 of securities belong.
ing to one estate, and over $50, 900 belonging
to another in boxes. The Presidents box Is
empty, and so is that of the big estate.
There is another half million gone. The
President admits that he was speculating too.
believe that he and Hill were together"
The excitement over the double suicide of
the President and Cashier of the National
Bank of New Jersey has become intense. A
statement furnished by those officials in
June OF the current year showed: Paid up
capital, $3.50, 900; surplus, S125, 900; undi-
vided profits. SIS, $50. There has been moth
ing in the public history of the bank since
that date to cause any uneasiness to stock
holders. The suicide of President Runyon,
while strengthening the TESTIMONY of giant
frauds in the management, causes unbounded
astnnishment to the general public.
Procidonf Runv0u q farmer qiytu
years old. He leaves a wife and four chill
dren. He had been President of the bank
for five years. Runyon was not generally
regarded much of a fnancier, the late Cash.
ier, Hill, being considered as running the
institution pretty much in his own way.
The National Bank is in chaos. Over a
million dollars have been stolen by Hill.
Mahlon Runyon, the President, implicated
in the thefts of Hill, expected to be arrested
when he took his leave. The city is wild.
Crowds blockade Church street where the
bank stands. Acting Cashier Campbell is
expected to be arrested for completely in the
conspiracy. Millionaires are trembling and
more than two suicides are predicted. The
mob threatens to burst open the bank, and
was subdued by the police. Walter Carroll,
a depositor, cut his throat on account of his
losses.
Martin A. Howell, who withdrew as
director years ago, said II saw it coming.
lican party went to him as their banker for
funds. He doubtless took the bank surplus
to aid his friends. Knowing the condition
of affairs quietly withdrew"
The effect on the town is crushing. The
widest excitement prevails. Streets are
thronged with country depositors. Fears of
raid on the bank are increasing. Hundreds
of special police have been sworn in by the
Mayor to surround the bank property. The
Coroner's jury in the case of Mahlon Run
yon's death returned verdict of wilful sui
eide.
Acting Cashier Campbell was seen. "What
do you know?" the reporter asked. II am
amazed and Mortified over the affair. Ny
hearts blood might have been split for
Charley, but when l see what is about to oc-
cur-the fall of the whole institution-my
heart bleeds; bat, - he added, II am innocent.
Hill was never my confident, although un-
dertook some Of his greatest missions, as
messenger from Hall, Garten & Co., to New
to them. Don't know the result. have
had fears of the present result for six months,
but kept my mouth closed. L feared expul-
sion by the directors"
Joseph Fisher, ST., custodian of the Voor-
bees estate, refused 20 divulge why he had
not signed the release proffered by Hill,
when the sale of bonds might have been
effected. ''No, sir" he said Il am not such
a rascal as to take landed estate from the
VOORHEES, boys, and you VIII find me always
on the side of the weak"