New-York tribune., 1886-03-12
SI7O,3Os 70


There was no affidavit attached showing that com
mittee had examined the accounts, is usual In
1885 the annual statement published on time aud
approved regularly by an examining committee This
is believed that the deficiency has been made
in the last year. Some OF the managers called Htr
Ogby's attention the unhnshet condition
OF his statement, but the latter paid no attention
10 the criticism and nothing done about It. 1t
now appears that this statement was false The bonds
and cages mentioned IN the statement only amount
To about S67 900 Instead OF there being demand loans
worth $4,000 with coaerals. 1t turns out that there
are only between $4,000 and $4,000 Of these. Tie
$4,000 of Middesex County bonds, the $500 Of
Newark city bonds and the S2l,3l8 80 Of New. w.Bruns
wick city bonds works mortgages have dlsap
reared There only $4,000 Instead OF $1,000 cash ID
the National Bank OF These Deficiencies bring
the assets down Sss00O instead OF l1OoS 20
According to these hgures and they are
Thought by at least one OF the examining
committee bank will be able To pay about nfty cents
wmst has Mr. Ogilby done with the money This ques
tiun was asked again aud again by hundreds O people
yesterday. The general opinion was that Ge mas Ost
II IN speculation tn9ugn no QUE Go"iu ~ ali sITeet
chemes of any klud. lie mas always attend closely 10
m. insursnce and banking business, except when he
held ,. office OF CITY Treasurer last year Mr. Ogby
took tus position at the urgent solicitation OF many per
sous and made such an excellent official that his
esignation Of the office last February was
generally regretted. He is also one OF the
State Riparian Commissioners. vestryman
OF Cbrists Church, one the Board Of Water Com
missonsrs the secretary OF several building loan as
sOciatons, educational institutions and one OF the
trustees OF the Episcopal Fdnd OF the Diocese OF New
Jersey. a,,- a.. -. -,
the physician who is attending him Dr. BALDWIN Ahd ms
rector Mr.. Joyce that he is dangerously ILL., lo
rayed they say terribly al nrst but no" he Is Gained
down, but In way that makes hein rear TOT nIs say
Bis family, winch consists OF his VIE ahu Two uausH
ter, is among the most respected in he city. lie mas
hosts friends and frequently stated tnat my
would make good his shortage ana prevent any
of the drposltors from sustaining any lo's
As the majority the patrons OF the Odnk are poor peo-
Die this stat ement gladly received Inc deposits
range FROM II to 5000 with few sDoye tho IHtel @ Run s"
Mr. OgIlDy great deal OF property IN NeW-bruns
wick, before the failure was cohslurred 70 oo
from 100000 to S2OOOOO but IL now appears Una. s
thou.ht 10 own free and clear are
heavily mOrtgaged. and one OF DIS acqainanGrs
last night did not think Mt OEDy hau $loVoo
worth of prOjrrly IN the world HIS DrOther Charcs'
who liyes III Boston was seat Ior anu nc .as
img bis arrya 10 stral oul aldlIs.
ulsiue OF Nj Oglby himself Ene" anything "oous
Mr. WyckOf assistant secretary saws that ne was
never gwen to the securities or mo Dak nor 10
the general book Of the lnstltutlon lIs uues haso
heeu tn receive and pHy deposits ana To Keep tue
cash Juok ami the individual ledger lie Took on tne
balauce from the individual ledger on January l. 1850
drnusitors AS exhibited Ia Mr.. OglDys statement
ana for tns lie thought the bank was III Tue oes
possible condon IL WAS tep9t'ea thaI n sir ~ -, Y.
ard that he is blameess OF any wrong III ooh
DectIon with the matter. IT.. banLs q,
so far a. could he learned OF the other Dahks on
Nsw.Bruuswlck viii Effected In the slightest ny lh9
failure At tho brunswick SAVINGS BaLk u was
that il waS anply prepared for "A run 'hshcI tSnp
hell of the National Bank OF wJerhoy, s~iu ah
coInpletey astoni ,nrd hear this about MI Ospy'
But our bank VIII nothing even II ne shouu no NO
clITed A bankrupt to-day. lie has OhiJ nhai Poi,
sunal account here aud all Tue phpol, NO
Lo Of his does not exceed 81 900 and II Ia amply se-
cured ......,,. hoId last