Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-10-04
Thieves IN Thu BANK
Ulster County Savings Bank Neatly
Cleaned Out.
THEIR STElLIsGs OVER S5so,0o0
rsasa<sr O@sranSsr asd His Assistants
Matthss T. TrumpssaE kmss<<is
Hail = ~ ll5isa -ssasafra breth-
era Fssfare ta filsaots.

kHsssros. n Y. Oct s-Ths Ulster
eoanry savings Institution has closed
irs doors and - in eharge Of Bank SUI
psrinlsndeat Charles VI. Preston. After
sonazcsiag systematic pilfering Of
tie tnststasion for years two of the
most prominent citizens OF the city are
under arrest charged with stealing
nearly $500. 600, aud the bank In ruined
Deyoad posslole recovery. The trus-
tees Of the bank are suspected OF
compiictsy fog receiving deposits after
they xnsw Of the depiorab ole wreck of
the bank and the greatest exeitemens
prevails throughout this pars OF the
state. IL u reported shat q great many
persona may be arrested. The bank
examiners are still at work. and the
amount stolen by Treasurer 0strander
and his assistant Matthew T. Trump
boar. may reach 5000. 900. Both of these
men. who have long been prominent in
social. political and church circles, are
snder arrest and 10 10 reported
that the former has made two at
tempts at suicide. For years they have
acts by means ef forged entries, and il
was OILY two weeks ago that Ostrander
was SIS, 90 shors. He wss arrested. but
released on bah The bank examiners
set 10 work and uncovered the gigantic
steals The - stem pususd by Ostran-
der showed that Trumpbour WAS impli-
Gated When the police went to arrest
HIM at midnight ne was preparing TO
leave the country subsequently,, IL is
said, he attempted TO take his life. The
excitement, over the expose and arrests
Il Intense. and hundreds of poor people
are surrounding the bank demanding
their money and that the trustees be
arrested and made To make up the
amount stolen.
At midnight Superinte ndent Preston
swore 10 a complaint charging Trump
bour With perjury in swearing 20 false
statements contained in the July re-
port Of the bank 10 the banking de-
partmsnt. and Trumpbour was arrest
ed at bis house by Chief of Police
Hood. He had his clothes all packed
mp. and he was preparing to flee from
town. He was locked mp in Jail
0strander was arrested two weeks
ago charged with embezzling SIS, 900,
aud was under bonds of $50. 900 until
Friday night. when he was surren-
dered by his bondsmen- When Os-
trander was arrested there was q
great run on the bank for three
days but the other banks came
20 the rescue Of the Ulster county
-
made a statement showing resources of
q. i34, es5. OF; liabilities due depositors,
si.ss7. 1871 ID; surplus. s24., asa rs. They
declared that they knew of no safer
place in the county TO deposit money.
The loss by Ostrander's opera
lions had. been partly made good
and they hoped to secure the re-
malnder, but in any event the loss
could not affect depositors- This WAS
also signed by Judge Parker. Cen
sharpe. Judge Kenyon, Postmaster
ston Leader. and other reputable citi-
gems. and 1t had such a reassuring effect
that depositors who drew out their
money during the run redeposited it.
The feeling against the men who
signed she statement is bitter. Most of
the dspositors are poor people, many
Of them old men and women de-
pendent on the interest on the small
amount they had in the bank, and
those can be seen weeping over their
loss tn all parts OF the city.
The system by which Ostrander and
Trumpbour carried en- their embezzle-
men. was very ingenious one. so much
so rs 10 battle for twenty years the
skill Of expert examiners in the employ
of the state Deceit and perjury have
been frequently and effectively en-
ployed in making il operative
rHs srANDuoRD FAILURE
CsRIsNAS, H., Oct. a.-This little
town Is still in Juror of excitement
over the Ascending Of the Standiford
brothers, bankers Nothing else is
talked about IL il now thought the
brothers are ahead all the way from
$50. 600 to $780, 600. The coun-
" will offer a reward Of $500 for the
arrest of the brothers. and to this the
losers by the bank failure viii add a
like amount IL they can scrape to-
gethsr that sum from their depleted
exchequers.
The Staniforis treated friend and foe
alike in their fescing game. They
spared neither the rich nor the poor. the
old OF young. aud among the victims
are the rich farmer. Woodworking ten
ant. school-seseher. servant girl. widow
and orphan. II is severe blow to-
thrisman. and 10 wild be years before
The town will recover from IL. In July
last the west side of the squase
ras swept by fire and the
work Of rebuilding has been going
en- for several weeks The major
part Of the insurance money la che
burned property was placed In the
ssandiforsis' bank. and now that II is
gone the work on the buildings viii be
stopped Among the heaviest losers
are: samuel kenton. $40. 600, John Car
away. $4,000: Mel Metheny, $40. coo:
Peter williams. s5.0oo; William Mussel-
maa. %. 900: =. Thomas, $4,000; j. W.
Flaer. e.. 600, Cy Lewis. $4,000. and
Jesse Io,vther. e.. 600. There Is . long
list ~ those who have lost sums rang
,,g f,-o.n eaae ~ 81 Goa W. r 9ilkey,
ere druggist loses $4,000. mostly IN
papers
In, ssandifords stood high in the
ccmmunity and the greatest canfidsncs
was ptac~i IN them and their business
ability The sixteen years they hsvs
been engaged IN business here gave
shesa an extensive seauainssnce VITA