The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-28
CASHIER MURRAY MISSING.
"A BAD STATE OF AFFAIRS IN TIE
GOSHEN NATIONAL BANK.
Saturdays Run Followed Yesterday by the
Announcement OF the Banks Suspension
Murray was also County Treasurer.

Saturdays RIM Followed Yesterday By the
Announcement OF the Banks suspe.sion
Murray was also County Treasurer.
GOSHEN. June 27..-The Goshen National
BANK failed to open its doors for business at
tho usual hour this morning Tho following
notice was appended on its doors:
by order OF tho Board OF Directors OF the
National Bank. pending an examination OF tho
books. securities. and accounts by the bank
examiners. this bank will be closed. Tho di-
rectors desire to say to the depositors and the
public that somewhat hasty examination has
been made by them. and nothing has been dis
covered which renders doubtful speedy pay
ment in full to all the depositors. and 1t is now
expected that tho bank will be open for tho
regular transaction Of business in a few days"
William NJ. Murray. the cashier Of tho bank.
is missing. and is said to be In New York. At
n special meeting OF the directors held on
Thursday 1t was discovered that the bank had
been making loans to Mr.. Murray and others
on insufficient securities. and that its finances
were in a very confused and unsatisfactory
condition. At another meeting Of the directors
held on Saturday it was. decided that the in
stitntion be closed nendinG an Official lnEestM-
Gaon 0' S aI hs mo ank aad Began the
Cashier Murray Is n son Of the lato Congress.
the bank. Murray is also Treasurer OF Orange
county. His friends say lie has acted strangely
affected lie returned from New York last
night. but loft again this morning. and his
present whereabouts are unknown; It is said
that before leaving home this morning he filed
his resignation ofthe post OF County Treasurer.
A. All sorts OF rumors are current c2ncernlng
orally reported that there is shortage OF from
$4,000 to $4,000. The capital stool. Of the
Tho Surl,luS Ia bpipNpu to have bepn sunk
and tho capital seriously impaired, The di.
rectors are wealthy men. SO Il is believed that
good and the bank resume business The
funds OF the county in Treasurer Murray's
1t is said here that Cashier Murray. and his
family have been living extravEantly for some
years past and that his EXPENSES have con,
1t with expensive furniture. This and other
troubles
Cashier Murray was out Of town several days
last we"k.and his abseEc e caused alarm among
e distrust increased until Saturday. when
hours Of the day: The, Hon. Henry Bacon.
Washington when lie heard Of Murray disap-
pearanco and t99k charge Of afiars He fore;
ap s lis G advce Il was dee decided to Snncunce
the tenn orary suspension OF business.
=, The last report of the bank was made on
May IT, The resources were then placed at
s448.93S. including $4,000 capital stock.
$2200n surplus S10.711 undivided profits.
and $254.3l4 Individual profits,
Mr.. Bacon said to-day that he was OF the
opinion that the surplus and undivided profits
would be wiped out Of existence. and It was
possible an assessment on stock might be
necessary. to clear up. the deficiency. He
thought $4,000 would be high estimate.
anything the cashier had done. but rather
from the fact that some Of the securities could
not be realized on when the crisis came.