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A STATEMENT. The Manchester Sensation Has Been Revealed. MANCHESTER, N. H., Dec. 9.-Judge Nathan P. Hunt, the president of the Merchants National Bank, was seen by The Associated Press representative today and made the following statement: "Last summer, soon after I was elected president of Merchants' National Bank, I discovered that Dr. Joseph C. Moore was 'kiting' checks through the institution and at once notified him and the cashier that it must be stopped. Later on we received from him for credit to his account many checks which were protested, and September 23 voted :to close Dr. Moore's account and have no more business with him, of which action he was informed in writing, and Mr. Lane, the cashier, was told orally. We supposed this ended our business transactions with him and congratulated ourselves that we had closed it without loss. On the fifth of November when Mr. Heard the National Bank exaimner, appeared to make the usual examinaitons, Mr. Lane called me aside an told me that instead of having about $44,000 to our credit in the National Bank of Redemption in Boston, as our books showed, and as we suppos, our account there was slightiv overdrun. He then said that he bsd used the money in cashing Dr. Moore's paper. and explained that the doctor came to him with a check for $1000, which he did and sent to Boston to be credited to our account there. This check was protested and of course charged against usand then sent bek to us. When Mr. Lane received it, instead of entering it upon our books against our Boston deposit he laid it in a drawer and upon Dr. Moore's assurance that be would take care of it in a few days, left it there. "A few days later Moore appeared with a much larger check which he assured Lane would be paid and exchanged it for the first one. United States District Attorney O. E. Banch, speaking on the subject stated: ''Bank Examiner A. M. Heard has made an informal statement to me of the condition of affairs at the Merchants Bank. As soon as possible I shall make an examination, and the result of my future movements will of course be governed by my findings. Further than this, there is nothing I can say at present." When seen by The Associated Press renresentative, Mr. Heard said: "When 1 made my examination of the affairs of the Merchants' Bank, on November 5, I found things substantially as the officers have given to the press. I have done my full duty in the matter, and the condition of things has been reported to the proper officials. IN THE SHERIF'S KEEPING. Dr. J. C. Moore, ex-president of the People's Fire Insurance Company now in the hands of a receiver, ex-president of the Derryfield Savings Bank and of the Commonwealth National Bank, both of which went to the wall as a result of alleged mismanaegment and "the misappropria. tion of funds, was this morning surrendered by his bondsmen and placed in the custody of Sheriff Daniel F. Hale.