New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-13
OGILBY'S DEFALCATION.
AMOUNT OF HIS SHORTAGE s74,5ls.
DEPosIroRs EXPECT To GET 80 PER CENT-wHAT
BECAME OF THE STOLEN FUNDS.
tnY TELEGRAPH TO THE TRIBUNE

tnY TELEGRAPH TO THE rRIBUSEl
NEW Brunswick, n. j., March 12.-The man
ayers of the Dime Savings Bank held a meeting last
night which lasted until o'clock this morning They
were busy upon the statement required by Chancellor
Runyon aud this morning they had 1t 30 far completed
that it was submitted TO Darby Randall. an expert
for revision before being forwarded to the
accountant W. r. voorhees,. counsel for the bank and
one Of the managers said that although the statement
would not DO given to the public previous to sending 1t
to the Chancellor would show that cash and securities
were missing as follows: Newark City bonds. $500 ;
Mlddesex County bonds, $4,000; NewBruns-
wick water bonds, S2l,3lS5O demand loans,
and colaterals 500 900; cash. $4,000 Total S745s 90
According to the improved statement of Mr.. Oglby,
published February ,. the assets OF the bank
amounted TO $l7O30s So Taking from this S7i5lS so.
the Of Ogbys shortage leaves S9579O 90 to be
divided among the 1850 depositors, leaving them
S7O96l sc short The assets they appear viii
pay out about 30 per Mr. Voorhees, Is engaged
in Working up Mr.. Ogbys real estate, consisting Of
houses and blocks OF building lots in various parts OF the
city. This property is all known to be mortgaged
greater less extent but there
is every reason TO believe that it will
realize something The house in which Mr.. Odlby
lives which is worth about $4,000 is the property Of
his wife, being legacy her from deceased relative
The absorbing question in this city day has been:
What did Ollby do with the money T. All Of the man
ayers been talked with upon this subject during the
day and have only answer He must have raised 1t
TO make up a shortage somewhere else. The old story
OF the stock syndicate Of which Charley" HUI the
cashier OF the NewJor,ey National Bank, who killed
himself during financial explosion nearly two years
ago. the head and fronts brought up and is
SAID that Mt Oglby sank nearly $4,000 In that pool
that this disaster has been dragging him
down since, and that he robbed
the bank free himself from this incubus. Rumor also
Ell that Mr. Ogilby had been heavy card player
clut IN cifV I'M
eral impression the money lost stock
speculation, though Mr. Ogilby said to City Collector
Warner days ago that no had never risked dollar
margin in his life.
Mr. LangdoL expresident OF the bank. said this morn
ing The New-York papers have misrepresented me in
saying that resigned the presidency and
left the management because I was dssatis
fled with the way in which the bank
was conducted 1 perfectly satisfied
tut my duties as superintendent OF the NewBrunswick
OF the best am no longer connected with the institu
ton. IT, however the friends Of Mr. ogilby come to
slider myself Dound out of consideration for the de-
The friends Of Mr. osllby are sanguIno that
they can raise the money to meet
his defacatlon; This afternoon they
balance among ms many friends here and In New-York
In few days Tnis morning Assistant secretary Wycon
npre of tbn 5ropery under oder OF the Chaacelior
deposited the bank among them the estate OF William
&. Parsons. There has been rush OF dopOstOrs to-
day but several have died and demanded their money
getting the usual answer from Mr.. Wycof " IN put
your name down, and you get your money In thirty
or sixty days under the rules. but cannot say positively
that you Will get lt even then"
defacat0n Of Mr. Ogiby has made slight
hutter among the dep0sitOrs OF the New-Brunswick
savings Institution. number Of small depositOrs
have drawn amounts of from 90 to 1900. man
taking little over 80 900. The whole amount taken
out sterday and to-day about $4,000. This affects
Savings institution pleasantly rather than otherwise,
they thus rid Of that uuch OF their $4,000 EuI
plus which they invest without having 10 pay
the July interest it. DIR. A. Van Nest
Baldwin said this afternoon that no had
not Mr. Ogilby personally since last Monday
his father has HIM yesterday morning and he
easier. He had himself been called yesterday
Mrs Ogilby, who reported i'll, and he was told
that Mr.. Ogby resting easier. All callers who are
not known intimate friends Of the family are denied
admission the house.
The largest deposition has 1000 in peril, and the
others sums varying from IS to 81 500. The Rev. DE-
r. G. EastOn. who has just left the First Reformed
Church the Frst Reformed Church. OF Newark, has
$3.50 locked up In the bank.