Article Text

FISHKILL'S DEFAULTING CASHIER. THE DEFICIENCIES SAID TO BE INCREASINGMISAPPLICATION OF TRUST FUNDS-RETICENCE OF THE OFFICERS OF THE BANK RUN ON THE FISHKILL SAVINGS INSTITUTE. POUGHKEEPSIE, Jan. 14, 1877. All of the affairs of the National Bank of Fishkiii are still in doubt, except in the fact that the deficiencies will probably be heavier than was first reported. There was a statement made on Friday or Saturday last that the misappropriated bonds were those of the savings bank which does business in the same build. ing. This was all wrong, and has worked an injury to that bank which 18 very annoying. So far as can be ascertained all of the bonds taken to New York and hypothecated by Cashier Bartow were the property of individuals who placed them in the National Bank of Fishkill for safe keeping, or, in other works, "III trust." This list alone foots up $21,200, and new losses are turning up almost every hour. It is stated that the expert who IS bandling the books had thus far unearthed a deficiency of $130,000. Should tats prove true the general impression IS the bank will have to wind up its affairs. It is reported that Cashier Barrow, and the bank through him, has lost heavily in the Dutchess Ore Company. Leonard Horton, of that company, when spoken to about the matter, desired to have 11 understood that such was not the case, but he did not deny that the bank had experienced some losses by the company. The bank officers maintain silence and insist that they can say nothing until the examinat on of accounts is finished. THE LIST A LONG ONE. It was stated that Cashier Bartow had furnished a list of the bonds hypothecated by him in New York, together with the amount of each and name of owner. All attempt was made to secure the list for the press, but the officers refused 10 exhibit it, saying. however, that such a list had been handed them by Mr. Bartow. and significantly added i'll 18 a long one." That was all that could be ascertained about the matter. Acting Cashier Rapleje stated on Saturday that some of the mea who had made the heaviest overdraits had aire idy appeared at the bank and promised in person to make everything good. The names of these gentlemen are withheld. It is possible that the expert now at work on the books will finish to-morrow or next day. When he started ne thought 11 would take him three days, but he has already gone over that time. In the absence of positive information there 18 a feeling in bank. ing circles in Poughkeepsre that the officers of the bank will be compelled to put up the shutters. THE SAVINGS INSTITUTE. As to the Fishkill Savings Insuinte. it is believed it is affected by the National Bank's troubles, but not seriously. However, there was a run commenced on 11 yesterday. and it 18 understood that the bank refused to pay out any sums over $500. All the morning tarmers. mechanics, servant girls and laboring people besteged the bank. and the Treasurer, Thomas E. Dearin, was kept busy paying out deposits. He paid out $12,000 on Fruay, and more yesterday. but the biggest run on the bank IS expected to-morrow, and the President left town on Saturday to obtain funds to meet 12, and will no doubt succeed. There are over 150 depositors who reside in Cold Spring, and they will undoubtedly all appear at the bank on Monday. The Treasurer says they will meet every demand if they have to pay over mortgages held by the bank. He 18 certain they will pull through all right. Leading men of the village also reel that the suvings bank will tide over, and the dismissed ca-hier of the National Bank is anxious to have the people understand that 1a no way have the funds of the Savings Institute becn tampered with or unisappropriated