The sun., 1890-01-31

pose to- remain more than TWO Mesks IN ~
TSsn S inSs r.csivsG we'd SSiSs 9SG s hst been
sent subsequently, i don't owl, share o
ths bPpks stock and nd Ii. am nof director moi
Mr. Gutter received an oficial notice Of his
oI bs dsSSp nss 81 ES nn@S aS
psid Mr.. Cutter Yesterday, and ! certainly
%.stns sySf SwoTH of s Board "a Of % Dtectors The only
explanation can think OF for the use Of m:
name is that James A. Simmons is customer
No trace could be found yesterday OF J, Ken.
meth Watson, another OF Claassens 3 new Board
whose address ia given as 9s Broadway.
David NJ. Ripley, another member, Is Long
ISLAND man having On ONCE at 60 BroSSdway; DS va:
said TO be his custom to, come TO the oiioe but
were Sssociaied with Cisassen with a full
EnowledRs Of his plans; II is safe & e say that 9
tntimates In this respect
THE CASHIER CRIES STOP THIEF.
Cashier Colston. became convinced, after the
new management had been In control about
ColstUn has heen fol, nearly twenty years at
his present post, and he made up bis mind 20
shS eosSS o. sfs pans6 9he hSs
He went on Tuesday TO MANAGER Camp OF the
bSnS Ta so & hS sS IL
notes of the new officers upon wildcat seciiri-
ties. He also made known the important fact
ausiiiIed @ BY by taking the usual oath Of fidelity.
and certifying TO the possession Of the requisite
was NOT even the color OF oiiicial power to pro.
tect them. Mr. camp % DromGptIy Gpist Saed "a meet meet
day day N night s % and Mr. % Gosto1 appesred before
them and told his story. His information was
ssd 1pUn Ban nSPs
and he decided to take possession Of the bank
at the opening, Of business on "Wednesday
morning He did SO with the result detailed
In The Bun yesterday.
THE PLUMBER WAS RICH.
President Claassen appeared at the bank as
q usual on Wednesday, and when Mr.. Hepburn
having done anything Irregular He could not
%enan Wss made on .he banR a the
sale Of S622,0OO face value value boz bends having
Rsss Rnd s' hs tSnds % SSuf TO fo s0%E % aS
Sd wsnt TStog Mi 10 Ps Esh n M as
been distributed among brokers for sale, and
posed Of By means OF threats the Bank Ex-
aminer succeeded in occurring the restoration
OF the sale Of the rest was demanded the best
that was offered was checks to the amount OF
S3S2;00o which was about $40 'oqn ~ short Of the
were as follows:
Ell W:II.sk Co. on the Third SfsISps H Bank
Pen w1iiscE Co. on ihe kqVtHSIs bank sS9S9
ON &: &: EsG Bin SSS
m%SD, s%%Sn ON ON h tSs Loan and 40
P e. On On Ss Rs st ssfS'ai 500:
Mr.. Hepburn took the checks to see what they
Yere worth. but did not discharge the obliga-
Equitable Banks were certified. but neverthe-
less they were protested yesterday when pre-
the check on Ht the St Nichoias Bank. " '' '''N'
ARRESTS ASKED FOR.
Further examination by Mr.. Hepburn dis
closed the most audacious violations Of law on
provision Of the national banking act most fire.
quently violated was that forbiddinR the loan
There were many loans forbidden by this arti-
OLE Finally, Mr. Hepburn made known 10 the
terdaE MIR. F. 5. Tsppen. President OF the Cal
the matter to the attention Of the United States
District Attorney.
F,Hth in the bPs FsdsEs on 11dnG
once with Assistant United States District At
torney Rose: who has charge of the criminal
and anaiiy Marshal Jaeo5us and Mr.. Rose pMdi an
Shields. Mr.. Tappen said afterward:
THE GRIMES REHEARsED.
The sum and substance Of the whole matter
Is that Mr.. Leland sold out his stock In the
stook 10 the securities found in the bank itself.
M Leland sheSd SS fol- hpf hs sS SEQ S.rs
feli q the aFmo q peIi; Wsllaef C.,
fSrmdery 0t na the firm Of Pe
Of the stock. MIR; Leland was therefore paid
S660.OO0 In round num- bers for his stock. He
among others on the Lenox Hill and Equitable.
These checks OF course, were not good. but the
OUT " 6o secres n the
itself, The purchasers obtained control OF the
by ans Of the certified cheeks Then
into the Clearing House, and made them good
BY HsinG the banks Pronerty
Ing control OF the bank, asked the old Board Of
Directors to resG1 SIC9 The old Board did So and
fner elected p. j. CIaassen resident 20 Of the the
bank. but do not think any Of them took the
th Ht Se wHs and doubt ths esG0n
three loans Of 100000 each 10, the Lenox HiIl
Bank. Then he took from the yanlts Of the
Bank, ,eilt-edge railroad bonds Of the Value Of
sSS%Sssh5g sSa % Sysr p f622 and PLACED them IN
facts before the olear!ne House. and he
d dId So S3v We have verified his suspieions
9i the Currency our opinion that the new
Board of Directors should have no further con:
not to allow the bank TO exchange through the
Clearing House until matters were In shape"
Mr.. LELAND WILL SEE THE BANK THROUGH.
Mr. Glaassen said that he was guiltless OF
any wrongdoing in selling the securities OF the
bank. but he did not give any good exclamation.
street would not sell the securities which Pell
offered them: suppose the bank will 20 into
way, should think. don't think the custom
ers Of the hank will lose anything. The Comp
troller OF the Currency will appoint the re-
ceiyer, OF course.
Mr.. Leland was censured severely. of
course, by the Clearing House Committee for
6isDosin& OF his stock In the way In which he
Old. He was careless. to say the least. But l
tional wrong. Nh; Leland is at his home now,
long conference to-day with Mr.. Leiand's
lawyer; He assured me that Mr.. Leland
authorized him to say that Mr.. Leland would
make good to the depositors in the Sixth
National Bank any and all losses which they
may incur by reason OF the present trouble.
Mr. Leland is very wealthy man and he un-
n nd hal aI,,a