New-York tribune., 1884-01-09
months ago be began to drive milk wagon. He
was paroled on his own recognizance.
CHARGES AGAINST STATE DETECTIVES.

CHARGES AGAINST STATE DETEOIlFES'
THREE PATERSON IN. ~ MEN ARREsTED-ACCUShD
OF BLACKMAIL AND FORGERY,
Patrick H. Lynch and Wilbur F., Ludl9T, state
detectives at Paterson, N arc chargea Dy npa
ace Bolton 6hGksmfa bGa wfa apd nyns grocery m clerk
named Row. The complaint was made De1oie I've,
corder Greayes yesterday. Warrants were lssueo
for the arrest of Lynch and Ludlow, Inc case
will lie brought to the attention Of the Grand Jury,
now in session. The story told by Bolton is as fol-
lows: Some time ago he had disagreement WIN
his wife and he employed Lynch 3 10 nnd fnrnsb
ground for divorce. Lynch accordingly shadoWeu
Mrs Bolton, and reported daily TO her husDane.
One day however Bolton discovered that his VIE
knew that she was the object of detectives az
tention, and the surveillance was Withdrawn. Dol
ton came to the conclusion that his suspicious OF
his wife had been unfounded, and the couple
were reconciled. Mrs. Bolton then contided to her
husband the manner in which she became aware
that she was watched. According to her story, on
watch her. accompanied by Ludlow, he came 10 ner
house, where the grOcers man, Row. happened 10 DC
delivering some goods. She says that the detec, detec
tives told her and Row that If they did not settle
they would report TO her husband that they had
caught them in improper relations: Row then con- con-
tributed $40 and Mrs. Bolton 80, and they gave
the 800 as hush money to the detectives
Lynch is well-known Democratic politician ana
an ex-constable, aud he has been frequently EN-
ployed on secret service by the county prosecutor
Ludlow is also we'll known in Paterson.
William B. Mitchell, another State detective mas
been arrested on q charge of forging the name OF
the secretary of the Argus Detective Agency, OF
which he is a member, to a notice informing man
that he had been elected a member of the agency,
and requesting the man to pay $50 initiation fee.
THE NATIONAL BANK OF THE REPUBLIC.
ITS OFFICERS BORROWING 5000, 600 FROM 1.-THE
NEW DIRECTORS.
There was great deal of talk in Wall Street, yes
terday about the National Bank of the Republic
and the affairs of ITS depOscd officers lhe casler
of the bank declared late on Monday afternoon that
neither the president nor the ylce-presIdent owed
the bank dollar. He repeated several times the
reGuest that this fact might be announced on his
authority. At an carly hour yesterday IT was ad-
mitted that the officers had borrowed httle Jess less
mortgage bonds of the Cleveland, Youngs-
town and PittsbuTg Railway Company
at one-half Of their face value. one
the lateness of the inquiry undoubtedly the
reason why the cashier had not made the exact
facts known. In addition to the loans at the BANK
of the Republic IT is understood that the railroad
company has made others at the Metropolitan
National Bank, the Home Insurance Company, thc
Chemical National Bank, and at other aces. ~ ,,
"The burden has been distributed IN wall
Street." a director OF the bank SAID; that Is, we
not the only ones who have MADE ioas on these
bonds Some of the paper is overdue but 1t has
not been protested simply because protest would
add nothing to the security. The loans have been
extended because they were not pald' ni ana
nothing could be gained by mere
formaity. We hayo had the ,resignationSS
of the officers for at least six weeks, but we held
them on conditions We think that the bank VIII
get ont of its trouble remarkably well. Ihc taCt is
that each man who made q loan on these bonds fiat
tered himself that he the only one to whom aP-
plicatiOn had been made. The extent OF the ral-
road cOmpany's Indebtedness has not yet been
realized by some of the lenders"
Mr. Ford said that the railroad company had
issued about 81 100000 first mortgage bonds, but
that few of them had been sold lie declined to
state what part of the issue had been pledged to
secure temporary loans.
The directors elected the meeting yesterday
George b. Carhart John j. Crane, w. II. Gnion
Sumner II. Stone, A. b. Graves, William H. Iilling-
hast Oliver $. Carter, j. B. JOh hnstOn, ID: H.. Nc
Alpn, w. c. Andrews, Abraham Il. Van Nest,
George Z. Simpson and William X sonther.
Mcssrs. McAlpn TillinghaSt aud Van Nest are the
new members of the board which was reduced III
number from fifteen to thirteen members. The
board organized by the choice of Mr.. CaIhart as
nre.iGcnt aud Alr. Crane as Yce-presilent.