New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-15
PART II.
PAGES II TO ID.
PLENTY OF CASH ON HAND.
THE IRVING SAVINGS INSTITUTION STILL
SOUND.
NO PANIC AMONG ITS DEposIToRs-RECREA
oFTICIAL5 NOT YET FOUND-CoNFI-
DENCE UNSHAKEN.

NO PANIC ANONC lis DEPoslIoh>-
OFFICIAL NOT YET FOUND-coNFI-
DENCE UNsHAKEN.
The scene around and within the Irving Savings
Institution at Greenwich and Warren sis., all ny
yesterday resembed that around bank In little
farming community market day There wa some
excitement caused partly By curiosity seekers. but on
the whole It was a respectable and quiet crowd.
The story Of the defacatOn OF $IO,oOo. and the
accusation Of exPre,ident Clarence d. lieaton ex'
secretary william II. Buxton, and "xPaying Teller
Daniel d. Tompkins, published in Yesterdays Tribune
a surprise TO the deposisors Many m mese
journeyed their country homes to express their
sympathy with the bank. but the withdrawal OF theu
accounts was farthsst from their thoughts some
OF them come TO place deposits IN the DahK u
| order to express their confidence in II.
Only 1873 accounts withdrawn, the amount
being $4,000. Every one who wanted MS money
was paid, and at ) O'Clock the bank building was
empty OF all clerks, and In the safes In the
basement wins enough 10 Withstand run Of two
weeks The banks assets are Of such a Kind too,
that 81 900 900 could be raised without dimculty;
in fact arrangements have been made by the DanH
for securing all the money II needs.
Charles H. FancLer the treasurer who Is also pres
Ident Of the Irving National Bank, advanced cash
amounting to 100000 on the deposits Of friends who
preferred to their money Instead OF waiting
until July l. when the interest on deposits falls due
and by this means he made 1900. lie said II was .
perfectly busIncsslike transaction, as the bank was
anxious pay the interest and II the depositors dio
not want IT. he might as well have IT,
Several other people stood on the sidewalk engaged
I'm the same business. Many OF the business men,
whose Offices are In the neighborhOod Of the bank,
showed no hesitancy advancing cash to their GUS
toners on their books. and charged no discount for
it, Congressman Jacob Gessenhaner, OF Freehold,
y. D. who has been a depOsit0r with the bahk ever
since he was old enough place his first half dollar
to his credit went back to Freehold and VIII open
bank in hi, Office where all persons living In the
neighbOrlOOd may receive their balances III 1ui l..
Sherwood Of Rochland County, n. v. who has been
deposor in the bank for forty years followed Con-
gresham teissenhsiner's example, ana Will buy inc
accounts OF any in his county who wishes to sell
his bank book.
Inside the bank the scene was ono Of activity.
The small force OF clerks worked hard to expedite
the paving out OF money With the exception Of
the porter ana Of the executive officers inc
entIrc staff Is new The present receiving teller Is
t;e ,rQe b. Cunning. who went to the Iowa savings
Institution from Garfield National Bank. ana the
paving teller-Daniel ID. Tompkins's successor--is
DAME, VI. Jewott. who was formerly with the West
side Bank The changing Of the STAFF was suggested
by State Bank Superintendent Charles NJ Preston a.
one OF the clerks employed before the defalcations
ucro discovered was n son OF Mr.. Iieaton. an1
another was his brOthern-law. Nice-president DaneI
NJ Demarest was acting president. and Charles IL.
Fanchcr the surer superintended the paying OK
the dspositors.
The hanks books are still being investigated by
Rank Examiner J. +, McMasters, under the super
,,.Ion ~ sup,rintendent Preston. No further de-
facatons wer developed yesterday, but $2ooo OF
the $4,000 difference between the amount OF snort
age accredited to Messrs. Buxton, Heaton AMI Tomp-
kns-which Is s4j.OoO-and the total shortage as
represented by the trial balance Is attributed 10
family bookkeeping. 1t discovered yesterday that
info
counts. This brings the exact shortage down 70
$6s. 800
The bank will be- opened at 80 this morning. and
will remain open until O'Clock this. AFTERNOON
This arrangement j. made to accommodate rush,
should there b. enc to-day. The bank officials yes
erday thought that the worst Of the excitement was
over II wa, decided al an informal meeting u
trustees yesterday afternoon not to take advantages
OF the sixty days clause in the banking laws. On
t. contrary the bank officials will have the money
ready for all persons who wish to wtndra" ''eie
saving.
Th foloviur notice has been mailed to each or
IN. depo,itors: Kindly send in your passbook to DO
written up rs We are about opening new iedgers
under an improved system; 1t Is important that these
book, should be- In before july 1, 1893. Bank VIII
BE- open until ) p. IN. TO receive books H' byron
Latimer secretary.
The passbooks referred To In the circular VIII %
discontinued new set having been ordered for use.
II 1, generally believed that the three accused
Hir,r, have plnced themselves beyond the reach OK
m. law Neither Of them has been seen for several
DAYS and their whereabouts Is UNKNOWN Mt. DuA'
ton is said TO be- In hiding somewhere on Long
Island and Tompkins, It is believed, Is in canada.
The bank officials say that President Heaton Is ae
hi, summer home. at Nyack. ~ u lie was not at
tn. bank. but Mr.. IIeaton's son said he was sick at
N, home No 997 Dean-st. Brooklyn. Upon inquiry
there n Tribune reporter learned that Mr.. Heaton had
not been there for several days
Acting President Demare,t said yesterday to =
Tribune reporter that the bank would probably lose
nothing ly the defalcatiOns Ihey nave III theiE
po,session now S25 900 In cash and securities rep
r,senting eco COO handed by Buxton to protect
the bank from any los, traceabIe to him. They expect
to BE- able to hold him to account Tor me enure
amount ol the shortage lhe 9niclas canhpI account
cry I'm nj, own name valued at between 100000
and 100000 and to have been thoroughly attached
" The reason given by him to the trustees for over:
Grw wra, on he bond Of byron " Cohen Who was
indicted for completely In the Cassie Brooks conspr
been found to h, untrue. Bond Clerk Unser. OF
tho District attorneys office. is responsible for the
Ccnens friends. Buxton lost his wife aud mother
by death within three days OF each other, two weeks
ysoirrday The directors to making the
condition OF affairs public They feared that the run
%On ssa n"r ne 'd p into % e rum rum
viii probably be over by tomorrow. when the sol.
lie said that he did not think the shortage would
h. any larger than already announced. - But" he
continued "ve have not yet discovered all the chan
ncs through which the money went We know that
PRESIDENT IIeaton. Secretary Buxton and Teller T0mp
kins have taken $4,000. but possibly there may
have been other dishonest Offcias.r He refused 10
say whom he suspected. and concluded by saving:
Mind. do not say there are any more dishonest
ofchls, but at the present stage OF the proceedings
! cannot say there not"
The prosecution Of the accused officials rests with
ristrictAttorney Nicoll. He was informed Of the
condition Of affairs AZ the bank on Fridsy last When
by Tribune reporter yesterday he SAID L
have done nothing In the matter to-day There he
stopped short and refused 10 what had been
done and what will be done by him. except that be
Is waiting for Mr.. Preston's final report.
Denver. Col. June 1.-THE annual meeting OF the
Western Tn'on Beef Company held here yestsr.