Norwich bulletin., 1910-12-28
For the Benefit of the Depositors and Be-
 cause of Certain Irregularities
ROBIN IN A PRIVATE SANITORIUM
The Northern Bank of New York with Deposits in Its Nine Branches of S6912582 at Last Published State ment-Robin Held Controlling Interest in the Aetna Indemnity Go. of Hartford-No Loss to DepoSitors.

New 1ork, Dec 25.-Thc NOr,herr Bank of New York with deposits ir it's nine branches of S6,9l2.5S2 at the time of it's last published statement was closed. today by o. II. Chenel state superintendent Of banks. flor the benefit Of the depos tors because of certain conditions and also cer- tain irregular transactiOns.'
 Inventory New Under Way,
 An inventory Of the banks assets and liabilities is now under way, but until it is complete no further state meut from Superintendent Cheney win be available. W. II. Hotchkiss, state superintendent of insurance. and District Attorney Ihitman are CO., operating with him. They hope to pre- sent the facts CO the grand jury to- morrow
 Joseph G. Robin. chairman of the executive committee of the bank, and shareholder and director iu many other corporations is in the private s4natorium of Dr. Carlos Mcdonald, at Central Valley N. 1.. WHIther he was committed last Saturday by Jus tiee Amend of rha state supreme court at the request OI his sister, on the certificate 0f two physicians. Dr. Alc- Donald sald tonight over the long, distance telephone Chat professional ethics would not permit him to dis -uss the case but James IT, Clifford, Uf counsel for tle bank and one of its directors. stated that the examining physicians had diagnosed the case as acute rara11I and that Robin tried t1 kill himself l his apartments last Saturday night but was restrained .r nurse.
 Although Robin Was committed on saturday he vas not conveyed 10 tle sauatorium until today. for MT. l-iford and another director visited him at his apartments here yesterday areuing. il an effort Co obtain c0liat-
 rat
 -On Friday night said MT. Clifford tonight. after the irresularities had been discovered, another director and eself went to the apartments of Mir. Robin. He was in great agony from
 .fuev trouble. and iL was plain to r- seen that he was out of his mind. We could not get a connected state ment from him. 1t was plain that he fid not relaize the seriousness of our mission.
 His Mental Condition Awful.
 Not succeeding. we left him. and returned on Monday night His mem Gal condition then was awful. Ha was suffering from paranoia and ! under stand that after being examined by eminent ahenlsts. he was sent today Co a private sduaturlum.
 "On Saturday. while in this rondi- ticn. he tried to kill himself but was frustrated by watchful nurse.
 Oepositors Not Likely to Suffer.
 CT knew nothing about the irregu- larities nor do J think any of the oth- CT directors did. until they were re- vealed by the examiners of the bank Ing department and our own investi- gators. We held out hopes that con uitions would right themselves until Monlay night. when, at a meeting which lasted for hours, we called up- on the state banking department to step iu. A copy of the resolution was turned over to the department. and Superintendent Cheney can make it t1. We wish to do nothing that might cmbsrrass the public officials
 "Depusitcrs will receive loo cents on the dollar and stockholders a sub FtautiaI dividend. if we can realize on our collateral We have cash on hand of g. 900 010. and quick assets of S3.- zoo 100. Some people might think 1t wls ridiculous for us to close our doors iu this way hut we considered that as soon aE the irregularities be- ranr public there would he run on fhe bank. ln view 0f this fact. the directors believed that the interests of uIl deposit0rs demanded that we ask the state banking department to take charge
 Aetna Indsmnity c., Hartford, In-
 volvsd.
 Suueriutcudeut Hotralzis- was drawn Into ths case through the fact that