Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-02-24

At noon on that day President Richard
sou, in speaking of the matter to rep
resentEtive OF this paper, made the fol-
lowing statement: "fou can say for me
that should anything like run iaks
place on this bank il will have to
break me first. am back Of the insti-
tuition to my last dollar y
On I tuesday,, June 9th. warrant w6s
sworn out by Bank Examiner Fraucie
N. Buck before United States Commits
sioner S. Redmond Sg'lith, in the
United States Court. in this city, for
the arrsst of Buggs. charging him with
embezzlement by falsifying the books
OF the institution. The warrant was
placed in the hands of United States
Marshal Lannan, who made strong
effort TO locate Boggs. Ii was not
known at the time which way he had
gone. S9me supposed that he was in
Canada, while others thought he had
gone tn South Amurica, the latter
opinion being pretty general, His
family remained in Dover for some
time. finally locating 10 the West with
relatives.
On July 14ih the stockholders of the
bank held meeting to determine what
action TO take with respect to the defal
cation, which resulted I'M the approval,
by unanimous vote, of. plan Of re-
organization, which was Recommended
by the board of directors. The plan was
to cover the defRlsation by reducing the
capital stock of the hank 5c per cent,
or from 500, 900 to $50, 600. This cut
in half the investment OF each share
holder, as, while the pat value OF the
stock was to remain at 500, the hold
inRH OF each we're tu be reduced une-
half. Msnlove Hayes was called to the
chair and George Massey Jones ap,
pointed secretary. Secretary Jones read
a statement Uf the condition Df the
bank, at the close of businesa on June
30th. which had been aprepared by
Helms, Lybrand & Co.,, experts, of
Philadelphia. and which showed the
following: Assets. s34S, $50. 81; liabili-
ties, S293, 973, AZ; eXcess of assets, Sol,
407. 10; capital stock, 800, 600; surplus
and undivided profits, as per ledger,
S6l, 407. 10; impairment by defalcation
of W. N. BoRgs, sl07.0 making
difference of SOL, 407. 10.
The Recommendation OF the stock
holders, TO reduce the capital stock.
was unanimously adopted, S96 OF the
1000 shares voting.
On the day OF the meeting Mrs.
Boggs left for Lafayette, Ind, where
her brother resides.
William N. Boggs is about 20 years
OF age and comes of a we'll connected
Kent county family. He entered the
employ OF the bank about l6 years ago,
and after serving as bookkeeper was
made paying teller about seven years
ago, when Philip Burnett resigned. He
was married to Miss Miller. AS pay
ing teller Boggs received a snlary Of
81. 200 per year, and most OF the people
about Dover considered that he was liv-
ing within his means. lie drifted into
politics about six years ago under tho
Republican banner, ana at one time
was town clerk OF Dover.
MRS BoGGs MEETS HER HUSBAND.
William N. Boges, the defaultine
paying teller OF the First National
Bank of Dover. who surrendered to
United States Marshal Short in this
city on Saturday morning. was held
without bail for hearing, the date of
which has not been fixed. and in the
afternoon was taken to New Castle
Jail in cab by Deputy Marshal Clark.
The party left the Federal Building
shortly after 3 o'clock and arrived at
the Jail about o'clock. The deputy
marshal and his prisoner were accom-
panied by the latter's brother, Walter
M. Boggs. The men were met at tho
Jail door by Sheriff Finn, who escorted
them to the sitting room, where tho
commitment was turned over to him.
Mrs. Buggs. who was in Dover, had
been notified by telegraph that her hus-
band had surrendered and was Ia the
cuatody of the officers. She was almost
overcome, but soon recovered and at
onco made preparation for coming up
to see him. She arrived at New Castle
about 8 O'Clock. She was met at the
station by Walter NJ. Boggs, who was
waiting for her with a cab. She was
taken to the jail, where most pathetic
meeting took place. Sheriff Finn did
all iu his power to make Boggs and his
sorrowful wife comfortable. Mrs. Boggs
was welcomed by the sheriff to lis
residence and she was given the free
dom of the house. 1t was Mrs. Boggs'
intention to stop ut the Gilpin House,
but she changed her mind and re-
mained with the sheriff in order to be
more secure against curious public.
Boggs passed restless nightat tho
jail, the strain on his mind, it is be-
lieved, having unnerved him. Mrs.
BOggs was the guest of the sheriff dur
ing the night.
Boaes IN NEW CASTLE JAIL.
New Castle. Feb 2l.--William N.
Boggs spent an uneventful and quiet
night and day at the residence of
Sheriff Finn and up TO late hour Inst
night had not permitted an interview.
Numerous efforts were made during
yesterday to see or interview him or his
wife, who is still in the city. They
have positively refused to see any per