New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-05
A VILLAGE BANKER ASSIGNS.
HE OWES HIS DEPOSlT0RS $4,000.
PROBABILITY OF REALIZING FIFTY CENTS o"
THE poLLAR--A STIR IN PEACEFUL
ENGLEWO0D.

The peaceful village of Englewood. ~ j.. was s'irrch
yesterday by the failure Of William j. NJ B!rhe' ioci
bomber and financial agent. who for years b"h mo
confidence Of those among whom he livcd and WORKED
when, soon otter o'clock yesterday morning. some OF
Mr. Dyrne's clients went 10 Ids banking.ro9m, which
adioins the village pOstJrlcc. In the S'rA'h
moro House, they found the door No'cd
and on 1t was pasted the following tcrsc ana
significant notice
"Cl,>cd BIZ reason Of an assignment nadc 10 X. L.
WO:tcndykc.'
Mr.. Dyruc. who has lived in Eneicwto1 for mo'e
than a generation. began buA!n"si ~ banncr h'"'it
Eve year, AGO Previous To that tim" he wa c.crh
In the banking house Of P. ". Harding Co., H ms
CITY, He began business ON his Ow! arreuns WIN IL
capital Of $500, and opened shall o.ce III lai s"ac-
ave- where lie cashcd notes and hiaif', cErsuie Il
.ou lent small mortrage Or pr"nissoTy
rot.s and discounted bills and received dcrosits IN
trust Gradually his business grew and he finally moved
acrAss the avenue % the StratlnO'c lIo ~. having
hr boeukecrer and assistant lls br6hrr-ir'law ia
,rard Sheridan. IIe was also agent Tor several h'c
IN y,farcc and steamship companies. ard was seer Var!
~ the Englswood Mutua Loan and Buildpg society
At the time OF his failure thcTc "uS uo'u' @-o'" va
deposit iu his bank .
,uu,d,,tely oftcr seeing tn" notice Cf hs downfall
ar xed 10 the bank door, Mr. E%rn:. In company Win
Mr. Wortcndy,ic. the assignee left Enrlewo'h by Ihe
@ oc q NJ train for New. York. Tyo CAUSES arc Gteh
FOR his failure. One Of these Is the OPENING VI 'i
new Citizens Exnh at Etclrvoh three Gays aso
which brought about large withdrawal of Evrncs DC
uosl;s 1t Is also asserted. on good autioTlty' uial
kyrne had Sustained some hcavy 0S'c' pS ''u'S''c''
discount of bad or doubtful bills.
Mr. Wortendyk, who Is lawyer practising IN
rcr.v CIV when seen last hight by u Tribune r.
uor.er was inclined 10 tAic Il hopeful view oi tQe
outIook "Mr Eyrne's liabilities reach S23VDo.' he
sa;d "whilc lis assets, consisting uo'tly 0f Na!
cstato bills receivable and proinliNory notes. Will not
ia short OF $4,000 III his stiemcnt q" assets he hes
ovSrloc,,ed some township bonds which he cashed fer
the Road Commissioners Of EnG!ewood, and these arc
worth a few thousand dollars Altogether nc Is
rhriv 70 nav q dividend Of so per cent cannot say
what the causas Of his failure ar, but there le no
dorlt that the starting OF the Citizens Rank Pre-
c.p!,ated IT," ,,.,,. u.o,,n. y, mo, and yo,nc,
.,,iv ,ienoaitUrS niOyd Cu,sde Tive bank doors a"d
:,d fun -ituatOn. Thcv was no cAcitcmcn aild
az ."y,v f,u ling apparent. every ono seemingly o"'ag
~ tho fcef that the greater portion OF ,he dcp,tre
vonJ III ,c und Up 20 the ilI; OF TIC opening OF tGc
,r h,uL Nr Byr.Ic had been hc only hnacAi agent
M c% tn ,i,src AID his dealings lay principally among
~ III The place who were accust2mcd 10
VIC !nc fw hundred dollar, IN his care fOf their I'M
mediate business WANT. , w.. ~
r.c heaviest loser is probably F; +: Van Den
,,,,rui a druggist, who had 81 400 on depo'lt Nahy
nnrrr ncopc Including llboreis artisans AID servant
Iii. ,i,inc in the village; are, however! IN greet
Slress over the possible loss OF their lfe-savlnes