New-York tribune., 1886-03-12
A. G.. OGILBY A DEFAULTER.
INSANE AT HIS HOME IN NNEw-BRUNswIcK.
HIS ACCOUNTS WITH THE DINE SAVINGS BANK OF
THAT CITY SHORT ABOUT $50, ,000.

THAT CITY SHORT ABOUT 10000.
The Pennsylvania Railroad train which ar
rives in New Bruins wick from this city about o'clock
in the afternoon had scarcely reached that station yes
terday when respectabic-l0ong business man jumped
from and rushing to bysander excedly inquired;
&" Tt Ia stated in New-York that the Dino Savings
Bank has suspended and that the treasurer Of it, Arthur
g. oEilby. is deaulter to the extent Of $4,000. Is
this true r.
1t is the first rvo heard ofi" the answer, but
let ME 90 and Investigate IT,"
They did found that the report was correct
This incident illustrates OF the peculiar features
Of the dsu,er-he sowness with which the Of the
suspension travelled The bank practically suspended two
days ago. Early on Wednesday morning John Wyckon.
the assistant secretary, Informed the patrons Of the
institution as they appeared that Mr. Ogby was absent
and that In his absence he could neither receive nor pay
out money such WAS the confidence OF almost every
body IN Mr. Ogiby that only deposor ventured to
ask what the matter The only satisfaction that he
received admouton to keep quiet. He did so
and went his way II not rejoicing yet certainly with
out auy suspicious In regard to the sovency OF the bank
Ii until yesterday morning that the fact or the
failure became known to any extent and even then 1t
failed TO produce any marked sensation or outward
demonstration. A good many bank hooks were pre-
sented and settlement asked which, OF course, was de-
MED. The holders were told that II everything went
well they would probably get what was due them In
thirty sixty days and this seemed to satisfy all Inc
nearest approach q occurred about noon, when
stalwart workmen entered the room and quietly
demanded their money. The same answer was given
them and they at once returned 10 their work
The first real suspicion that something wrong with
the bank entertained on Monday. report that
Mrs Arthur G. Ogby wife OF tho was danger
ously Ill to the Of Willard p VoOrhls, who ls
the attorney of the bank and he called at her husbands
office TO inquire about it. IIc WAS Informed By Mr.
wyckof that it Mrs ogilby but Mr. Ogilby who
almost out OF his mind
us anything wrong hercl" at asked the law
yer.
THAT don't know" answered the assistant
The officers the bank are, besides Mr. Ogilby aud
Mr. wyckOh, at follows President. James p. Langdon
board of managers. Adrian Yermene. Dr. Henry r.
Baldwin, Runyan r. Outcalt. Henry McMurtry and
Philip Kuhlthan
on Thursday Mr. Voorhis, Mr Langdon aud Dr. Baldwin
opened aud examined the contents OF the safe hur
red investigation that there deficiency in
tho reasurers accounts OF at least $4,000 They im
mediaely decided to receive no more deposits and to
enforce the rule requiring to be given by all who
wished to draw out money According to this sums
under 500 would be paid FOR month"; and amounts
above 800 would not be payable until July
Under this arrangement the bank Was kept open on
Wednesday and Yesterday the officials believed they
ha right TO do.
The petition of the managers asking for the privilege
of suspendng business until further orders of the court
was presented Chancellor Runyon yesterday aud
granted by him. receiver Will doubtless be appointed
iu a few days the Chancellor Is satisfied
that the institution 10 really In insOlvont.
The Dime Savings Bank was incorporated in 1871
by Levi d. Jarrard Lyle Van Mus, James L. Langdon
and Jarrrd arterward became County treasurer
and abscOnded with OF the public funds. He was
captured. however and u state Prison serving
his OF ten years at hard labor Inc oanK
did not prosper and In about two years became
badly involved. It then that Mr. Ogby Induced
TO take charge OF it, He at that time one Of the
most efficient business men OF the place and was looked
upon as the embodiment Of integrity. Under his
MANAGEMENT the bank grew and prO5percd until It's de
positors numbered 1900 mostly mechanics and
shop girls. AS secretary and treasurer he had entire
control the bank. employing only Que assistant Mr.
Wycko He did any salary for his ery Ices,
but supported hls family FROM the large In
surance business which no carried on. Everything
went on smoothly uutl about three weeks ago. when
some inquiry began he made by the managers as to
why Mr. OgiIby had not published his annual state
ment, should appear on February l. 1t was not
until two days after this date Mr. Oglby published
the following: