Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1891-10-04
A BANK TREASURER
Up in New York State Catches the
Stealing Craze
AND HE IS NOW SHORT S46S,OOO
In his Accsunts-Ths Money Was tha Hard-Harnsd
Savings Of Poor People and the Failure Leaves
Many Dssiituts-Ths Treasurer and
Els Assistant Under Arrest.

KINGSTON, n. Y, October 3.-The Ul-
ster County Savings Institution has
closed its doors and is in charge Of Bank
Superintendent Charles NJ. Preston. Ex-
pert examiners have been at work since
Tuesday, and have found already that the
enormous sum of $463000 has been stolen
by OTreasurer Ostrander and Assist
ant Treasurer Matthew Trumpbour. 1t is
feared that the stealings viii reach over
that omount. At midnight Superintend-
ent Preston swere to complaint charging
Trumpoour with perjury in swearing TO
false statements contained in the July re-
port of the bank TO the bank
ing department, and Trumpbour was
arrested at his house by the Chief of Po-
lice He had his clothes all packed and was
preparing to fly from town. Ostrander
was arrested about two weeks ago for en-
be2Zling $40, 900, and was under bonds Tor
$4,000, and his bondsmen last night turned
him over 10 Sheriff Dill and he was also
locked up in Jail When Ostraneer was
arrested there was great run on the bank
tor three days, but the other banks came
to the rescue, and the Trustees made a
statement showing that there was surplus
of $241 900. This statement was signed by
several well-known men, and had reas-
suring effect, and the depositors who drew
Oub luGlI lLOutl OAOQSnb ~ OoNhs
It's impossible To tell or even conjecture
the effect that the closing of the bank will
have on the people of Ulster county. The
majority of depositors are poor people,
many OF them old men and women depend
ent on the interest on the few thousands OF
dollars they had in the bank, ana such men
and women, with tears in their eyes, can
be seen everywhere about the city, fearing
the loss of their savings. The feeling
against the trustees who signed the state
ment is bitter in the extreme, and some OF
them are characterized as thieves for max
ing the depositors believe the bank was
solvent when they should have known It's
condition. They were guilty OF criminal
negligence, there is no question. There are
two other banks in the city, the Rondout
and the Kingston, and the trustees OF these,
after consultation, decided TO demand the
sixty days notice from depositors should
there be run of any consequence.
The people had great confidence in the
institution, and the deposits from $780,
S64 II in 1861, run up TO 81, lO6,OiO.a5 IN
1872. No matter what the state OF the
money market might be, it was always con-
ceded by everyone that the Ulster Com
pany Savings Institution was sound.
Superintendent Preston says he will give
a statement at 2 o'clock this afternoon 70
the newspapers. The streets OF Kingston
are filed with people, and depositors are
arriving on every train and by all manner
of vehicles. The men and women wander
aimlessly about and occasionally some OF
the excited farmers threaten 10 break into
the bank building and get their money,
while others suggest that lynching party
be formed TO hang Ostrander and Trum-
bour. The city officials, fearing that
threats to burn the Jail where they are con-
fined would be executed, summoned the ire
department, who are now watching the
court house and jail.
The prisoners were arraigned before Ke-
corder Hussey at las o'clock this after
noon. They asked for an examination,
which was set down for Monday morning
at 10 o'clock. 1t was stated that on the
streets to-day after his affairs were wound
up, the bank will pay seventy-fve cents on
the dollar