The sun., 1894-11-26

OmciaI- or the Bank waut Hi~ for wit
ness against Hi- Confederate.

President Crane Of the bank said yesterday
ave are now ready for any emergency which
may arise We have in our vaulis 10000
and when that Is gone we can realize all that
we may need on our securities Although we
do not expect run on the bank. yet capital.
~, YOU know. is Cowardly. mud we expect to have
$500. 900 withdrawn, but all that will come
back to US in time. Idle money that we can't
lend might just Hs well he withdrawn rs in our
vaults.
"Bakcr had been dcpostor for thirty years.
knew him bu' slightly. Seely was Introduced
10 us 10y his brothpr-in-law. AymRr, whose
father. 10y the way. has been President of Ja-
nnica village. and held other offices of honor
and trust We needed nm assistant bookkeeper,
aud as Sccy answered our questions satisfac-
torily we employed him. lie won his promo
tiuus by hard work. lie was quiet, reserved
man. Recent developments explain his reti-
,rucp. Pal;cr invested the money in real estate
lie seems to have salted down the funds. | am
tod he nwns forty houses in New York and
.hrpr or four elsewhere. This being 80. IL IL
very probable that we can recover part of the
money. Although he was shrewtl aud covered
up h,S tracks in the bank. it is not likely that
prnptr.v II the titles are faulty and evidences
of irauu very plnring. the courts VIII set aside
The sal's au,l we can recover our money Tine
drfaicaiiOl - mysterious. " IL va1 only II
simpl' cnsc uf steal We could straighten out
ut 1t j. that We have Si54. 300 less than our
hpul.s "al Tor. the deposits manipulated are 50
ranN and % rGmited that II will require IA long
time to .traEhtrn out the tanglc. We hope
Sr"lv viii return tu hclp H. ont
We, .lirsih"nt Genrle l.. Peass Of 80 Clinton
avcnu,. BroUkiyn. remembered Ba Eer as an at
t"ndnnt OF lnlmacr'~ tabernacle and as u
t,iond ~ the nr~klyT preacher. He expects
S',ly VIII return to the ,itl when he hears ~
Bakers death aud will help the hank untauglc
the kLot in which he has tied the directors. lie
'.Srely -carv only received 81 900 for hi.
share. Once or twi -. perhaps; he changed the
i"oksa bakcr's instIgntion Then baker held
hiS mist,ccuS over Linn n club and forced him
deeper in'u the mirc. ! think there were only
two persons concerned IN III" transaction. I'm
sure meme 0f the other bows in the bank knew
anything of l.. We hay" had II Thorough invCs-
tiEatiUn. and IRE satisfied with their honesty.
pity the little familS in ilalScy street. | was
told that when Seriy informed his wife he had
20 leave she fell ~ u dead iaini al his feet.
Tue parting was hear,rending;; Mr. Seeiy is
good woman and suffers greatly.
"Our counsel. james l.. Bishop. is quite certain
lac can recover "A part of the money. II Is in
vested In real cs,at" and not dissipated. plan
i now under consideration whereby the money
will he recovered. Cashier Van Week and corps
ui clerks are at the office to-day, making prepar
atons for any emergency which muy arise TO-
morrow, Work on sunday Is II necessity Ia this
IN order to tran.,"; business rapidly and
thoroughly to-day. We have enough good pa
per In the vaults !" realiae S5O04oG more than
proncrcd money do not intend TO give lis money,
but I" loan II TO Ms on our securities.
Europe nul therefore will not know Of Bakers
suicide for some time.
Director .luscph =. stout said yesterday that
a. first the bank officers were inclined Ia think
there must be some third party, AN outsider.
VINO aided Sc"ly aud Baker in the swindlc, bur
that they had concluded finally that no out
Slder was necessary. Baker and Sccly could
have done II alone and evidently had done II
alone. The directors were not now looking for
any third criminal.
The directors We're somewhat disappointed at
having been unable I" get Ewnrrant tor Baker
through III" District Attorneys CtiiCe. a. the
"trip to the Tinted States Commlss toner's office
caused IA delay, they said. But yesterday II he
came known that Baker was drowned al II
o'clock saturday morning, 80, as the Warrant
was not applied ia" until toward the middle uf
the afternoon saturday, the bankers were too
late anyway.
Baker earlier. Fo~ one thing. the bank officers
did not feel that the evidence against Baker
was strong enough to warrant his arrest on 80
serious charge. But another and more inI-
pOrtant reason was that the publicity Of his ar
rest would have ruined the bank by causing
run for which il was unpreparcd Now the
hank is ready for anything.
The bank force was Ht work until noon yester-
day getting thing, in final readiness for any
emergency, After that hour the building was
empty.
Director stout said that Bakers checks some
times came IN through the exchanges, but that
usually lac presented them himself,
Vice. President Prase said last evening that
the Published stories saying Seey was interested
IN the BOyntOn Bicycle Electric Railroad
Long Island were without toundst ion. Mr.
{ rane. the President or the shoe and Leather
Bana, II the Treasurer "f that road