The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-10-04

KINGSTON, n. Y, Oct. 3.-lSpecial1-
The Ulster County Savings Institution
has closed its doors and is in charge of
Bank Superintendent Chas. NJ. Preston.
Expert bank examiners have been at
work since Tuesday, and have already
found that the enormous sum of $780,
600 has been stolen bv Treasurer Os-
trander and Mathew T. Trumpbour,
asSis ant treasurer, and it is feared the
stealings will reach over that amount.
AT midnight Superintendent Preston
swore out warrant charging Trump
bour with perjury in swearing false
statements contained in the July re-
port OF tho bank to the banking depart
ment' and Trumpbour was arrested at
his house by Chief of Police Hood. He
had his clothes all packed up and was
preparing to flee from the town. He
was locked up in Jail. Ostrander was
arrested about two weeks ago for en-
bezzling S75, 900 and was under bonds of
$4,000, and his bondsman last night
turned him over to Sheriff Dill and he
was also locked up in Jail.
When Ostrander was arrested there
was great run on the bank for three
days, but the other banks came to tho
rescue of the Ulster County Savings In
stltution, and tho trustees made q
statement showing that there was a
surplus of S247,000. Tho statement
being signed by such well-known men
as as Judge Alton B. Parker, Gen. Geo. H.
Sharpe, Judge VIM. s. Kenyon, Noah
Walden, Geo. a. Soaring, of the King
ston Leader, and other reputable cfti-
zens, had n reassuring effect, and deposit
tors who drow out their money brought
it back.
Ostrander was appointed treasurer in
1857 and held office from that time until
part of his defalcation became known
about two weeks ago, when he was dis
missed, and Is now in Jail Matthew II.
Irumpbour, who is Il son of tho first
treasurer of the bank, was made assist
ant treasurer. He continued in that
position until his arrest last night. The
pair nave been carrying on system of
ialsliying tho books for twenty years,
increasing their defalcation constantly,
and carrying on continuous system OF
deceit and perjury.
they issued statement September
w. In which, after thanking other banks
for assistance rendered, they said to the
depoSitors: 1--WE know that we cannot
deceive you. Our assets are intact and
open to your inspection" Then fol-
lowed statement which showed a sur
plus of quarter of million dollars.
1t is impossible TO tell or even con-
lecture tho effect that the closing of the
bank will have on the people of Ulster
county. A majority of the depositors
are poor people, many of them old men
and women, dependent on the interest
of few thousands OF dollars they had
In the bank and such men and women,
with tears in their eyes. can be seen
everywhere about the city, fearing the
loss CT their savings.
Feeling against tho trustees who
signed tho statement is bitter in the
extreme, and Parker, Sharpe and others
are characterized as thieves for making
tho depositors believe the bank was
solvent when they should have known
its condition. That they we're guilty.
Of criminal negligence, there is no cues
ton. Vice-President n e. Broadhead,
who was in executive charge of tho
bank, also comes in for his share of CEN
sure In signing tho statement and al
lowing the people to redeposit their
money. Broadhead was one OF the most
popular young mon in the county, being
elected county treasurer last fall, which
position no now holds, and every one in
the county had most implicit faith in
his trustworthiness, all Of which is now
shattered by the unfortunate turn in the
affairs of the bank
There are two other savings banks in
the city, Rondout and Kingston, and the
trustees of these, after consultation,
decided to demand sixty days notice
nom depositors should there be q run
OF any consequences A run has already
Gegun, but so far everything has been
paid on demand.
ESDiOsiou IN 2, Miua
BUTTE, Mont, Oct. 3.-ISpeciall-