New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-26
THE BANK IS ALL RIGHT.
ITS OFFICERS HAVE NO FEAR FOR THE
FUTURE.
NOT y DEPOSITOR LOST YET-CHEERING TEI.E-
GRAMS Observation-Disclosures ABOUT
WHERE THE MONEY WENT.

Z
shoe and Leather Banks clerical force bent
their books. All the depostors' passbooks have
been called ill., il is said. and complete oVerhauling
Is beng made of the bookkeeping. This would have
come about in the natural order OF events. owing
TO the change in the system Of keeping the books
which went INTO effect on THURSDAY but the de-
facation made il tenfod more necessary. The
clerks Were tired-!ooking lot last night ana
Cashier Van Week. who has had hardly a wink Of
steep for the last four days looked If he needed
/ d vacation United States Bank Examiner kim
ball dd not work on the banks books yesterday.
lie and mis- assistants will go them again this
morning. however. and see if they discover any
thing in addition to what has already been brought
to light
The bank is ready for any emergency that may
arise this week. In many respects this Will h,
critical day in the banks history. The managers
Will begin to hear from their correspondents all over
the United States kilograms Will pour in. 1t is
a time OF the month when deposits are due from
Western correspondents. Moreover the bank needs
all its old friends more than ever. All these
considerations g to make up anxious day AMI
week Thus far the bank has not lost deposiior
on account of the defalcation. On the other hand
kilograms received from some Of the largest
depostors congratulatng the officers and directors
on the possession of the support of the Clearing
House in their time OF need
Cashier Van Week. as a proof OF the banks
good standing with It's correspondents yesterday
showed q Tribune reporter the following telegram
from its largest Western correspondent: I'VE regret
exceedingly to hear Of your less. We do not lose
our faith in the Shoe and Leather for moment.
We send you our remittance the same as usual
That" said Mr.. Van Week. us one Of the many
encouraging kilograms We have received to-day.
They very pleasant evidence OF the fact that
our business methods have commanded the re-
spect Of business acquain iances. do not feel
the chagrin over this matter that would II our
loss had been due to the contraction OF bad &C
counts by the officers of the bank Had that been
the case then would not have had the quick
support OF the Clearing House Committee. As 1t
Is we were deceived by employe and his ac-
complete. who would have been likely TO have de-
ceived almost any bank. Seely stood well with
us and had absolutely no grounds for sus
picon TO his integrity. Baker was an old de-
positor. and did nothing OF suspicious character.
Personally l have no doubt that the Baker who
was found drowned Seey's accompl!ce. As to
whether he committed suicide there is Of
telling. notice a statement 10y prominent rail-
way to the effect that Secly and Baker put
the banks money into certain experimental cleo
trio railway on Long Island ! very much doubt
it, A. far learn. Seely dii not have any
money in the scheme. and it is doubtful II Baker
did. r. remember correctly President Crane. q
our bank, sort Of honorary treasurer Of tha:
railroad. He came 10 day and tol me
tina; he had been requested to become hon 'rary
II, asurer OF it. and asked what be would better
Finally It arranged that # there was any
money 20 be handled which considered doubt
ful I'm view OF the honorary part Of the title IN"
assistant cashier should attend 10 it. There was no
salary attached the Office. That's the way the
matter left The electric bicycle railway com
pany never opened an account with US. and doubt
less President Crane had forgotten all about the
concern until he It named the papers IN
connection with Sccly
To-day shall positively Identify Baker. OF
l.t,s
ravelling the mystery of whore the money he and
Seely stole went. expect President Crane Will bc
on duty tomorrow the same as usual He would
have been here to-day. but told him there no
use In his coming up until Monday"
Theodore NJ. Ives. OF No. 81 West Sixty-nnih st.
is Of the directors OF the shoe and Leather
Bank. If he IS depressed the prospective as
sessment OF the banks stock to make good the n-
pairment Of the capital. he did not show it yes
terday.
Il don't believe the assessment % i or 20 per
cent Will be much of a hardship" said Mr. Ives
The stock IS held by such a large number Of
stockholders that no one Will have 10 pay much
a guarantee tha, business vii 20 right before.
There are many things in connection WIN the ahalr
that We may congratulate ourselves upon be-
heve We did wisely In taking ne PUBIC mo our
discovered inside the bank and as soon as we were
satisfied OF It's serious character we called IN NJ.
true state Of affairs We called in the Clearing House
Committee Then we decided TO tell the exact truth
the worst was known curiosity would
abate. Baker undoubtedly committed suicide All
the probable fact that he was afraid OF the conse-
GaeRes s doubt rG # we get %usn OF the money
What is the prospect of getting at property that
Baker have bought with the banks money and
= dom, know what The law is on that point Al
such matters will be looked after sharply. S"ely
will have a hard time keeping out Of the way Of
the detectives ! see Mr. Cranes name IN ,ntlone1
IN connection with an electric bicycle railway com
pany in which it is thought that Baker and Se"ly
have put some Of the banks money There must
b. some mistake ahcut mat ] am certain 'hat NJ.
Crane has had connection with any el'ctIic
bicycle railway company. as tn" pIIcrs state Mr..
spcculates with outside scheme He is "A compare.
never had an account with the shoe ana Leather
'1 IN ~ ''G o 6ir'yvsrvenih'st YES
terday. Il have no doubt that The dead Mr.. Bakrr
shall be able establish the fact beyond the shad-
Of "A doubt tomorrow. when the paying ,elirr
We have no definite knowledge yet or wherc the
money went. 1t would seem 10 be almost imp9S-
financial transactions 80 that some OF thcn couhi
no be traeed not rr2G mat MAKER tb ar
Would il be possible for Baker TO draw con
stantIy on the bank and be flush with money all
the time without som" Of his relatives; VINO were
with him almost constantly, knowing that he was
III would hardly be possible Knowing the ma ma
innate income was much smaller man ms *
pcnses. ! have no knowledge Of whore ScelN is.
IL hc has to Canada We can cxtrafitc MN TOT
his crime. II succeed In placing him. OF latc
Baker had been drawing on the bank Oftener ana
In larger amounts than was his former custom,
Mere knowledge on the part OF his relatives 81 %
I{akers crime would not make them HhDie bu' II
they benefited from tiff they handled the stoch
money and kept OF 1t they are clearly accom-
nices The bank will weather the gale hahdiiy.
In fact that difficulty was surmounted as soon as
the Clearing House Committee acted Inc as
srssment the stock will make everything snip
shape again.
f. MOODY BOYNTON OBJECTS.
,,r GAYS THAT HIS COMPANY NEVER HAD ANY