New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-20
THE Run ON THE ULSTER COUNTY BANK
DEPOsITORs PAID PROMPTLY IN FULL~oSTRAN-
DER THE DEFAULTER TOO ILL TO
LEAVE HIS HOUSE

DER, THE DEfAULlEh, IOO LIN ~
LEAVE HIS HOUSE.
Kingston, " " sept. 10 (Special. 1.-THE run OH the
Ulster County Savings Institution caused by the en-
bezzlemen, Of its treasurer continued all day today.
Long be fore the bank opened this morning crowd of
anxlous depo,it0rs gathered in front Of the building
Most of them took their money in exchange for the
book though some took counsel from friends about
them changed their minds ard left their money
Every demand promptly met by the bank, a. II Is
declared all future will be. Although it was
haliloIiday the officers kept handing out money until
o'clock AT the close of business they reported thal
SlI .0Os had been paid out yesterday and somewhat
less oday The rush Is now believed TO be practically
over.
James L. 0strander the defauter is still in charge
Of the police who guard him at his residence on Mal-
st. On Monday his application 1or Dah VIII Oo
heard ply sican certified this morning th"t DIS
state of health wOuld make II dangerous TO cOnhne
him in jail. He assigned all his property To-Day 10
Captain }. Ii. Tremper, his sOn-in-law giving prefer
euce TO his bondsmen Augustus II. Bruyn and the
estate of Jansen HasbrOuck. In addition To MS
surety of $4,000 the bank expects 10 recover some
thing from his assets Just how he succeeded in aD-
stracting his stealngs from time TO time Tor TWO
years without the knowledge or suspicion OF ule
other bank officials Is yet Il mystery. That ne USED
the money in extIavagant family expenses mainly Is
generally conceded.
dramatic incident was presented this afternoon
when the bank crowded with camorne deposltors'
General George H. sharpe and Judge Parker. trustees
Of the bank entered between the lines. each carrying
a good sized handbag. Going in behind the rail-
Judgc Parker mounted the cashiers desk with his grip
sack in his hind. After making brief speech as
nring the people Of the banks sOidity and The foolish
course they were pursuing he began to take out cur
rency from tbc bag continuing until the desk was piled
HIGH with the packages of money Then General
sharpe passed I'D hs handbag and the Judge hlea
another desl, with its valuable contents This had
qulcting effect and the crowd soon diminished.
General Sharpe told how he obtained this Sl6OOoO'
which was brought up from New-fork this morning
showing credit ia which this bank IS held nc
said that Judge Parker and himself called nj We
Mercantile Trust Company. where much OF the saw
lngs banks funds are deposited, but they were told
that General Fitzgerald, the president would not be III
dudne the day They hardly knew how - get The
money 50 much needed here. Finally they called al
the American Exchange Bank, upon Nlce-i7esdeh'
Dnmont Clark whom the General knew but with Wlct
hank they had 10 business relations. After they eX
nIoineA matters, Mr. Clark learning how much money
was wanted and nquinng closely as to the banks can
alton called n subordinate Can YOU get the money
In those two bags?" be said "No SIR" was the reply