Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-10-08
STOLE HALF A MILLION DOLLARS.
A Kingston Savings Bank Robbed
by Its Treasurers.
steaiings Covered Up by Systematic De-
ceit and Perjury Practiced for Period
OF Twenty Years--The OmcIaIs Under
Arrest and the Rank Closed

steaiings Covered Up by Systematic De-
oeit and Perjury Practiced for u Period
OF Twenty Years--The OmcIaIs Under
Arrest and the Bank Closed.
KINGSTON, N. Y, Oct. 3-The Ulster
county Saving Institution has closed its
doors, and is in charge of Bank Superin-
tendent Charles NJ. Preston. Expert ex-
aminers have been at work since Tuesday.
and have already disclosed that the enorm
Gus sum OF Sf63,000 has been stolen by
Treasurer 0strander and Matthew r.
lrumpbour, assistant treasurer, and il is
feared that the stealings will reach over
that amount
AT midnight Superintendent Preston
swore to complaint charging Trumpbour
with perjury in swearing to false state
ment contained in the July report of the
bank to the banking department. and
Irumpbonr was arrested ut his home by
Chief Of Police Hood. He had his clothes
az packed up and was preparing to flee
from town He was locked Up in Iail' 80
ostrander was arrested about two
weeks ago for embezaling $4,000 and was
under bonds of 10000, and his bondsmen
last night turned him over to Sheriff Dill
and no was also locked up in Jail.
When Ostrander was arrested there was
great run on the institution and banks
came to the rescue OF the Ulster County
savings Institution and the trustees made
a statement that there wns surplus of
S24luOO. The statement being signed by
sucn well-known men as Judge Alton b.
rarker Gen. George II. Sharpe, Judge
William S. Kenyon, Postmaster Noah
Wolven, John W. Soaring of the Kingston
Leader, and other reputable citizens, Rad a
reassuring effect and the depostors who
drew out their money brought it back.
The system adopted BY James Il.
Ostrander and Matthew Il. Trumpnour.
the latter being fully cognizant of the
steal and assisting in concealing it for the
purpose Of swindling the depositors and
hiding the. theft, which grew by degrees,
was was, most ingenious, and for 20 years has
baflied the skill of expert examiners. In
carrying 1t out deceit and perjury have
been frequently and effectively employed.
KINGSTON, n. ", Oct. 5.-As was ex-
pected, the city is rapidly filling UP with
people from all over the country who are
ddepostors in the three saving banks.
business is at stand still and crowds
stand everywhere discussing the working
OF the Ulster County Savings institution.
Inc kingston Saving Bank and the
Rondout Savings Bank have each posted
notices on their banking house doors mott.
flying depostors that the 90 days notice re-
quired by law must be given.
Large crowds of depositors with bank
poohs III nauu slhnu IN front OF these in
situations. 1t is said the Saugerties and
new Paltze Savings Bank will demand the
GO days notice, should their be any indi-
cation of a run.
RECEIVER APPOINTED.
Troy, N. ", Oct. 5.-At Justice Furs.
mans special term this morning an order
was granted on motion of the deputy at
ttorney-general appointing Nicholas Il.
Berodhead of Kingston. temporary re-
ceiver Of the Ulster County Savings fnsti.
tuition at Kingston.