Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1891-10-10
STOLE THE FUNDS.
The Crooked Work OF Two OficiaIs Forca
Kingston IN. Y.) Savings Bank to
Close Its Doors-NearIy $500, 900 Stolen.

Close Its Doors-NearIy $500, 900 Stolen.
KINGSTON, N. Y, Oct. 5.--The Ulster
| County Savings Institution has closed
its doors and is in charge of Bank Su.
perintendent Charles M. Preston. After
conducting a systematic pilfering OF
the institution for years two of the
most prominent citizens of the city are
under arrest, charged with stealing
nearly $500, 900, and the bank is ruined
beyond possible recovery. The trus.
tees of the bank are suspected OF
completely for receiving deposits after
they knew of the deplorable wreck OF
the bank and the greatest excitement
prevails throughout this part of the
state. 1t is reported that a great many |
persons may be arrested. The bank
examiners are still at work, and the
amount stolen by Treasurer Ostrander
and his assistant, Matthew T. Trump
bour, may reach 100000 Both of these
men, who have long been prominent in
social, political and church circles, are
under arrest, and it is reported
that the former has made two at
tempts at suicide For years they have
been robbing the bank, covering their
acts by means of forged entries, and it
was only two weeks ago that Ostrander
was S75 900 short. He was arrested, but
released on bail The bank examiners
set to work and uncovered the gigantic
steals. The system pusued by Ostran-
der showed that Trumpbour was impli.
Gated. When the police went to arrest
him at midnight he was preparing to
leave the country. Subsequently, it is
said, he attempted to take his life. The
excitement over the expose and arrests
is 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 Superintendent Preston
swore to a complaint charging Trump
bour with perjury in swearing to false
statements contained in the July re-
port of the bank to the banking de-
partment, and Trumpbour was arrest
ed ut his house by Chief of Police
Hood. He had his clothes all packed
up, and he was preparing to flee from
town. He was locked up in jail
Ostrander was arrested two weeks
ago charged with embezzling S75, 900,
and was under bonds of $4,000 until
|
dered by his bondslnen. When Os-
, trander was arrested there was a
great run on the bank for three
days, but the other banks came
to the rescue of the Ulster county
savings institution and the trustees
made statement showing resources of
So, 1874, 9s5 OF; liabilities due depositors,
) Sl.ss7, 73l. 26; surplus, Sa47, ,253 76 They
declared that they knew of no safer
5 place in the county to deposit money.
The loss by Ostrander's opera
tions had been partly made good
and they hoped to secure the re-
} mainder, but in any event the loss
could not affect depositors. This was
E also signed by Judge Parker, Gen.
t Sharpe, Judge Kenyon, Postmaster
Wolven, Editor Soaring, of the King
E ston Leader, and other reputable citi-
E zens, and it had such reassuring effect
that depositors who drew out their
j money during the run redeposited it.
The system by which Ostrander and
n Trumpbour carried en- their embezzle-
ment was very ingenious one, so much
S SO as to battle for twenty years the
skill of expert examiners in the employ
e of the state. Deceit and perjury have
o been frequently and effectively en-
ployed in making it operative.
l. 1t is said a number of the bonds
g which the trustees mentioned in theil
e statement were hypothecated in New
: York by Ostrander and Trumpbour
: Another method mentioned was thai
e the deposits in many cases were en-
: tered on the banks registry for only
d half and one-third the amount received
e while the entries in depositors book:
t were for the full amount, the difference
e being taken by the thieves.
u THE sTANDIFoRD BROS swINDLE.
,, PARIS, Ill, Oct 5.-New develop
ments make the banl-wrecking of tn,
i Standiford Bros. at Chrisman appear
worse than ever About month age
- - the bank building was burned and tn,
Standifords opened on the east side o
y, the square. They went to few o
y their largest depositors and told then
d their safe was so hot they coult
III not open it without destroying every
thing it contained, and asked them tt
= advance notes for $4,000 each fo
&c thirty days, so they could get them dis
counted in this city and go ahead will
|
~ were given for $4,000 each an,
y others given brought the amour
H. up to $50. 900. and the Standifords go
{, the money. If the signers of these note
10 are compelled to pay them it will ruil
% them. This fact has been kept secre
7, until now, and will bring the Standi
u fords' liabilities up to over $500, OoC
u u, The safe was opened by an expert Sat
~ urday, and all it contained was 81
IT. in small coin. The grand jury returne
fifteen indictments for forgery, embez
% element, obtaining money under falls
o' pretenses and larceny. The count
d. will offer reward of 1000 for tn
IL capture of the Standiford brothers.
H. First Payments of "a Sugar Bounty.
WASHINGTON, Oct. 5.-The first pay
oh 90 Ia, ,,,;