The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-12-23
ST. NICHOLAS CASH STOLEN.
RECKITISs TELLER HILL CONFEsSEs
SHORTAGE OF $4,000.


While the lawyers we're disputlng in Judge
Truax's Court yesterday whether Vlce-Presi-
dent Lathrop OF the st. Nicholas Bank or an
outsider should be appointed receiver OF the
bank, State Bank Examiner A. C. Judson was
delving In the books. Up to noon. according to
Information which Bank Superintendent Pres
ton supplied to the District Attorney q
shortage Of $4,000 on the part OF Lewis
A. Hill. the receiving teller. has been dis
covered. Mr. Hill has been In the
bank eighteen or twenty years Upon the
inform alton furnished TO the District Attorney
Judge MARITIME Issued a bench warrant for the
arrest Of Hill for grand larceny in the first
degree and 1t was sent to Police Inspector
Mclaughlin. Detective Won Gerichten went
to Newark with the warrant and arrested Hill
at his homo In the Mansion House. 800 Broad
street. at $50 o'clock. Hill was taken before
Judge KalIsch at the First Criminal Court
who. upon the affidavit Of Won GerIchten that
Hill was fugitive from justice remanded Hill
iSr thirty dhEs to sEst regulation 'R iTS% Coy
doubt about King i, but finally agreed to re:
Hill would appear daily In person before him.
Bail was given about nine O'Clock In the even
ing and Hill was released Ho has q wife and
1t seems that the shortage which was veri-
ned by the books yesterday. was confessed by
superintendent Preston said last night to .
when arrived at the bank on Thursday
morning, shortly before banking hours. none
OF The ocsrs was theFe Put there wers ,i
be % cas sSsa
a while. and. the officers failing to appear, I
went to Hin and asked him when he thought
but that he thong ht they ought to come in soon.
I,waited for while longer and finally went to
bank. lie ed to be very much surprised.
and wanted to know why.
1,t.o closed the bank and when E5.mp p,!
the work OF overhauing tho cash and accounts.
counted up his cash and checked 4 OF. Then
he entered the cage OF the receiving teller.
ons his booFs and then Isnasd over
III: hudson: ! think might a. .,c well tel!
Tss.n very % 6 mush @ he'd 81
he did not Know What he had done With the
money, and he refused to explain what his
ssh1 The 81 dsG 5u ID
sneeEsd up the assSpns and there was an
and hat leisurely and walked out Of the bank:
When came in Judson told me what I'LL had
Graves could hardly believe 1t: he said that
Hill had been n trusted employee OF the bank
for many years. and that NO one had ever sus-
Judson thinks that Hill stole the m oney
little at time. His theory is that when Hill
what he could and make false returns at the
end q the day. Whether or not that could be
When tho news OF Hills arrest was carried
last night to Mr.. Mather. counsel for the bank.
Neither nor any Of the directors have any
knovledge Of any deialcatIon or wrongdoins
on tho part OF any person connected with the
The action OF SuDerln ent Preston In closing
up the bank In such hurry. II he had waited
over the difficulty would have been forth
President Graves declined to speak abou.
Deputy Attorney General Hogan went be-
fore Judge lruax IN supreme Court. Cham
sensstiso u the State. applied Tor f'i the
a.ppointment Of Iecsiver Of me heb, bank: At
to the Ts M Which, sas sq ID ffa
+. J. Mather, counsel for the bank, opposed
said that had tho bank had the eInotest
knowledge that Mr.. Preston was to close It
BEEN msaG sool In au lex e"Da % ssyf
that the banks capital was not impaired more
than s2OoU0e. and he wound up by present.
directors Of the bank. asking that Ley! Q
LathEop. the banks Nee; President should be
associate Of Mr. Mathsr. supported the 70,
superietendent, Preston dsmurrsd. and, to-
gether with Mr.. Hogan. submitted . list from
Sa1s sb..s e Hnsh
man. Simon sterne and David b. 8lcIles.
Thsss is q dark horse for the place who was
ward WhitaSsr, who at one time was a subor-
dlnAte 10 the Attorney Generals ONCE at AZ
6sn Judge Truax asSes to sIPSR' n
question until Tuesday. but he signed the in-
junction order, which will preclude temporary
When Sapsrintendsnt Preston left court he
Of Psesidsnt Arthur Is. Graves Of Of the bank and
his directors. They did not like the com ments
o. the bank people that they had acted si aT II
Preston did not care 10 speak OF the matter in
open court. lie concluded later in the day 10
capital Of the hank was impaired anywhere
from 100000 to S2uO,vOO, and perhap., more.
He reca led that President Graves tbs day be-
fore hnIl said That the American Casualty aud
Security Insurance Company WAS not In any
way resGonfsis I%r t I9ms 81 the losses Of the
THE bank has made indir.ct loans TO GER
tain individuals connected with the American
ssSuGo ' to the Gas Casualty Company which Is
secured BY 100 shares OF The stock OF The
sG SsSna at 81 ni
secured hy 800 shares Of the stock OF the ~.
Nicholas Hans and $1,000 p9ilaIoy e. tie ~.
says that he was astonished at my action yes
terdaY; we'll. TN Rstonished at that statement.
for the reason that before began the inYesii-
CATION OF the bank. sent word to Mr. Graves
saying that | was worried over the reports
concerning the bank and the character of its
loans and in the interest OF the state sug-
gested TO him that an examination OF the
banks AFFAIRS Was Ia order. Sir. Graves re-
plying 20 mo said that, he would gladly well
come any examination"
Vice resident l.athrop IL the brother-in-law
OF Mr. Graves. Mr. Graves admitted ysstsr-
dAY that he WAS q Debtor to the bank Tor
Sl4 90. which hs sHTs he could par at Any
time. BHak Examiner Judson said that the
BANK o. the Hepuhlic had made a loan 20 the
ST. Nicholas Bank OF slUu.UUU, tho collateral
being sltOOnO OF which $40 90 was secured
by warehouse receipts and SJO,uOO BIS hiils
Ieceiyable, the first OF which would mature ON
Jan. j. Mr.. Iudson believed this collateral to
De pretty good William lfIllen. cashier OF the
Bank Of the hspublic. said that Mr.. ludson
Was mistak en- in his figures as TO the collateral
gwen 20 his bank for the loan. lie said that
the collateral was valued at SI5heh. all OF
which PRESIDENT Graves had personally guar
sntsed. Furthermore, Mr. Ful!en SAID that
slHOuO OF the warehouse receipts had Deen
taken up aud paid on Wednesday,
Mr.. hudson went on 10 say something about
that $4,000 loan which Mt Graves said the
daY before would he taken up In tElnEiiDE.
Mr.. JudsOn said hat hr. Graves had received