New-York tribune., 1891-04-29
DEATH SAVED JOHN T. HILL FROM PRISON,

S4OO,DOV.
DEATH SAVED JOHN 7. HILL FROM PRISON.
HIS CRIME DISCOVERED SHORTLY AFTER HE HAD
BEEN BURIED-sEvERAL ESTATES WE'RE ALSO
ENDANGERED-ACTIoN OF THE CLEARING
HOUSE COMMITTEE - BANK EXAMINER
HEPBURN's sTATEMENT-THE INST1.
TUITION pECLARED TO BE SOLVENT
SOME OF ITS AssETs-AssUR-
ANCEs OF THE DIRECTORS.
The Clearing House Committee worked till half
past IL o'clock last night to save the Ninth Ma
tional Bank. For the second time in its history
the institution has come TO grief through its OFF,
GERS John T. Hill was its president till he died
from consumption on March l. Since then it has
been learned that he had taken of the banks
funds 100000, substituting therefor the col
lateral of four estates in New-Jersey for which
he was trustee The bank has made good the
loss to the estates It's capital is unimpaired.
In the opinion of the Clearing House Committee
it is solvent ever, and will meet all de-
mands that may be made on it.
OFFICERS OF THE BANK.
The officers of the Ninth National are c. Henry
Garden, who succeeded Hill as president; Hiram
H. Nazro, cashier; j. II. V. Arnold, notary. The
Office of vice-president is vacant, no successor to
Mr.. Garden having been elected. These are the
directors Augustus F. Libby, j. II. Coon, G..
Henry Garden Haskell A. Searles, Albert c. Hall,
W. E. Teft, Hiram H. Nazro and Samuel Rosen-
thai.
About twelve days after the death of Hill the
executor of an estate Of 81 ,OOO for which the
bank president was trustee, called on Henry W.
Cannon president of the Chase National Bank and
member of the Clearing House Committee, and
asked what he should do to get hold Of the
securities that Hill had left with the bank Mr..
Cannon advised him to go to the bank and ask
for them. This was done, and it was the first
thing that aroused the suspicion of the banks
officers. Mr.. Cannon, too was inclined to sus-
pect that all was not right, and an investigation
was begun forthwith.
QUIET INVESTIGATION.
| II was conducted so quietly that no hint of it
leaked out till Bank Examiner Hepburn, on his
regular tour of inspection and examination, ar
| rived at the bank Monday and made
| the startling discovery that Hill had
misappropriated $4)O,OOO. The aid of
the Clearing House Committee was then
called in. This committee is made up of bank
presidents of national reputation-William A..
yor1
Simmons, of the Fourth National; F. D. Tappen,
Of the Galatn National; Henry W. Cannon, of
the Chase National; and Edward II. Perkins, jr.,
of the Importers and Traders.
MEETING AT THE BANK.
These gentlemen met yesterday afternoon at
the Ninth National Bank, which has fine
and handsome building at No. 4O7 Broad
way, and after session Of four hours took a
recess for dinner, returning at O'Clock to con-
tinue their investigation Of assets and liabilities
All the directors were present, and Mr.. Hepburn
was there with Mr. Chrlsty and another assistant
| At 80 O'Clock the following statement was
read to twenty newspaper men who were await
| ing the verdict
| \ defaIcatcn of about 100000 chargeable to It's
former president. While the loss Is serious II docs
care Of its customers It's assets aside from the l0ss
mentioned are OF good Good c5aTacer us The The
SSaR'' 6SnR has owned for period Of altcen years
Of . land d, F IN t5fy the TTepty TStan6 ta6
hanks are not allowed to own real estate for other than
banding purposes and when taken for debt, not longer
has not appeared in the assets of the bank for many
years, during which period IT has largely appreciated
| in value. That ia now restored at valuation oi
$500 900. Competent appraisers value 1t much higher
As evidence that the banks valuation is fully war,
an agreement the bank TO take this property at said
valuation. This bank has been unfortunate, but 1t Is
| perfectly solvent and IS entitled TO and should ne
| cevc Tie support OF its depostors and the public
| A. b. HEPBURN, National Bank Examiner
The statement given out by the Clearing House
Committee was as follows
All examination made by the National Bank Ex
aminer, A. b. Hepburn. of the resources and HAHN
teS OF the N66t9 @ ~ NatoEa o bSH SHOWS sa
Of its funds by It's late PRESIDENT extending oyer
assets and have compared them with the statement
| Of the Examiner, and find that the capital OF
Worthy Of tho confidence Of the deposltors and the
public. The Clearing Honse Committee' c,.,.o,
r. HAMILTON,
| f. II. PERKINS, JR,
]. EDWARD SIMMONS.
The statement made by the Ninth National
Bank TO tho Clearing House on Saturday was as
follows:
! c.,,.., ................s $50 oor
SapISTll ''''''''''''''''' 800 5of
surplus '''''''''''''''' ........... 412O, 40C
| Loans '''''-''''''''' ........ SGG,60(
Specie ........ 419, SOC
Iegnl tchuers''''''' .............. 4,744 30t
The statement made to the Controller OF the
| Currency on December 8 was:
! - -............. s750. .0OC
Capital - '''''' ...... 3l3,OOC
Ncs !IohtS ..'''''' '''''' $50, ,O0C
Duo 70 9,,. gllhJ - 3 o57 ,00C
quo 10 gio,,n, $4,000
Loans anu uia' , Uni 800 .......... 50 O0(
Lilotu .ts "a Io,Js ........... 2li 90,
0,hSer StO,A' anu 1o'' .............. $50 OCl
lt'ai ts.iV. $50 OOl
pPb lo oo hand ..............l,0 ,075 OOs