New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-06
GEN. SHARPE SPEAKS FOR THE TRUSTEES
THE LIFE AND CONDUCT OF THE TREAsURER-A
CIuH THAT THE TRUSTEES DID ALL
THAT THEY COULD HAVE DONE.

THE LIFE AND CONDUCT OF THE TREASURER
cnA1M THAT THE TRUSTEES DID ALL
THAT THEY COULD HAVE DONE.
To the Editor Of The Tribune.
Sir: Your editorial OF Sunday upon the Kingston
6afacaton was very severe in its comments upon tie
action Of the trustees Of the Ulster County savings
Institution This morning you also say editor1aly
that the trustees are pleading for conservative Iuos
nent but that II is difficult TO perceive any e4tenuet
ing circum stances in the case
7 cannot know how far you have been able 10 fol
low I'm the different journals the chronological history
q the case Let me, however, restate It, with some
preliminary facts upon the errors of which your 1udg
msut seems TO be based. The facts regarding the lie
Of the treasurer of the Ulster County savings nsutu-
ton have been grossly exaggerated He has not hved
an osteptatous life His house is one OF moderate
size and with the exception Of an additional servant
N whom viii alude the establishment has been on
smplA order. SO far from his house Being crowded
with works of art, when he went TO Europe some
little time ago. TO recruit his health, he brought back
single pastel Of great value, which is the ONLY
firing in his parlors that could be called work OF
AT. The Trustees did not pay his expenses on that
Trim He had been more than twenty years in their
srnpJoy and they gave him $500 toward the expense
Nobody believes that his cellar is fun Of costly wines
have never heard Of any such thing, ana nave yet
10 meet the first in Kingston who mas heaIu OF
such thing.
10 the use of some spirtuJus liquors, and about this
there was no concealment. He has at times kept q
horse or two and man 10 look after them ana some
tines none: but lately when two additional horses
were bonght In for the bank they went to his stable
% be taken care of instead Of elsewhere, ana an au
dtional man was then employed Nobody belieVes
that he had eight servants in the house, or that there
was room for them in the house In fact, there were
two.
His salary was $1,000 He had improved real
estate on which was situated row Of small houses
and opposite these larger and more commodiCus houses
for rent II was understood that from al these ne
received an income of $1,000 above taxes and in
suranee and this Of $4,000 Is ample ior u'
maintenance Of q family living well in Kingston
The circumstances leading to the discovery OF tne
eefalcatons have vaFiOusly appeared, in wDat ole'
can scarcely recall. The trustees, knowing Ina' III
addition to the surgical operations when hio i"i-
paired his health Mr. Ostrander had suffered lrO'n a
slight attack of paralysis. concluded 70 create an gu
ditona officer or rather 10 make vacancy IN inc
once Of first vice president, and to make that onceF
ihe executive of the Institution. and 10 add com
potent salary
Mr. Ostrander had become careless about his person.
he inefficient in the performance OF his dhty' ne
had neglected 10 carry order OF the board LOT
tie reduction OF the employees. To the end Of secur
hg the most faithful administration the trustees ell
aeayored % the services of MI. y Z. bfOo-
bead the cashier Of the Kingston National BANK
standing high in the community recently
elected treasurer Of the county after long succession
VI tFeasurers belonging 10 the opposite party anu
eonfessecy expert in financial statements anu
methods and in figures No one IN the county rshAs
higher as expert than he. When, after Aesoua-
non, he had been -nduced to say that he "ouid
accept, action taken in the Board OF trustees
eheh The Board Of Directors Of the Kingston Nauohai
sahk Immediately offered 70 create vacancy III inc
omee Of president OF their own bank, TO advance
M Broshead TO It, and to give him salary equa'
!" II not larger than we offered. We succeeded III
'7eulng Mr. Bnodhead's services and no sooner III"
catered upon the performance Of his du'les than
~ treasurer made loud complaint concerning our
o'oh- He said be had served the Institution faiui
Hn ior over twenty years; that while his once
~ salary had been left him, "A new man had been
- over him; and While he admitted that he had
nc if assis'aaoe, he claimed that ii was boy uiaI
aSned to bring up and instruct.
- 0uteFy against action aroused Suspicion,
We new vieepresdent proceeded 10 carefu