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BREAKING TWO BANKS. HEAVY embezzlements IN HACKENSACK THE BANK OF BERGEN COUNTY AND THE BERGEN COUNTY SAVINGS BANK CLOSE THEIR DOORSTHE CASHIER'S DISHONESTY-ASKING FOR MISSING SECURITIES-A CONFESSION OF GUILT -WHERE THE MONEY WENT-WHAT THE DEPOSITORS WILL GET. J. J. Berry, cashier of the Bank of Bergen County and treasurer of the Bergen County Savings Bank, at Hackensack, N. J., has been discovered to be an embezzler of nearly $150,000 in cash and securities of the two corporations. He had been trusted implicitly by the directors, who were loath to believe him dishonest. Most of the money stolen was lost in speculation, but some of it was invested in fancy fowls, at $100 apiece. It IS believed that the depositors of the Bergen County Savings Bank will receive 75 and the depositors of the Bank of Bergen County 50 cents on the dollar. HOW THE CRIME WAS FOUND OUT. Much excitement prevailed in Hackensack, N. J., yesterday over the suspension of the Bank of Bergen County, and the Bergen County Savings Bank, which occurred Thursday, caused by the embezzlement of cash and securities by John J. Berry, cashier of the former institution and treasurer of the latter. The loss of the banks is variously estimated at from $120,000 to over $150,000, and while these figures may be increased on investigation, a portion of the deficit will be made good by property and securities already turned over to the corporations by the embezzler. The banks were situated in'a large brick building in Main-st.. opposite Court House-square and did business under the State laws. The Bank of Bergen County had no notes in circulation and was one of the eight banks of discount and deposit in New-Jersey. Its resources were given in the last report to the State authorities as $287,000, which included $78,000 cash on hand with New-York correspondents. $54,000 real estate and $126,000 in loans and discounts. There was $173,000 in deposits included in its liabilities and $13,000 in loans and interest, and its last semi-annual dividend of six per cent was paid in July. The aggregate assets of the saving bank in the last statement were put at an actual value of $304,000, which included $83,000 in stocks and bonds and $57,000 loaned on collateral securities of the market value of $74,000. When the First National Bank of Hackensack and the Hackensack Savings Bank were broken, many accounts were added to the Bank of Bergen County and the Bergen County SavIngs Bank. Judge Garret G. Ackerson is president DI both these banks. The directors of the Bank of Bergen County are: Garret G. Ackerson, David Terhune. George M. Wheeler, J. H. Γ. Banta. R. P. Terbune. William Huyler, John N. Gamewell, Jas. W. Quackinbush, James 1. Demarest, Thomas Achenbach. John Schmults, G. Ackerson, jr., and John J. Berry. The trustees of the Bergen County Savines Bank are: G. G. Ackerson, Garret S. Demarest. John J. Anderson. A. D. Campbell, Raipb S. Demarest, C. A. Wortendyke, A. B. Ackerman.. Van Buskirk. jr.,J. O. Grodhe, F. Steinle, David Terhune. C. A. Herring, G. W. Wheeler, Wi iam Hayler. N. C. Demarest, C. Marks, David Knowles and John Schumits. Both institutions were started in 1872. When the suspension of the banks was rum red in Hackensack. Thursday, the widespread confidence in the soundness of the institutions caused the reports at first to be discredited. On application hr the banks, however. the rumor was soon substantiated and to the questions of excited depositors the only reply was that the Bank of Bergen County had been robbed and ruined by the cashier, but there was some chance of the savings bank being secure. This information did not reassure the depositors, who congregated on the sidewalk in Main-st. and discussed the situation with war oth and energy. The savings bank bas about 1.000 depositors, to whom its liabil ties are nearly $288,000. The deposits consist of sums ranging from 82 to $3,000 and $4,000, and in one Instance $5,000. The county bank has a liability of $175,000 to 400 depositors with a capital stock of $100,000, which has all been paid in. HOW THE RUIN WAS DISCOVERED. The discovery of the real condition of the banks was accidental Monday afternoon. Mr. Terhune, a director of both institutions, called at the savings bank and asked to see certain collateral securities which had been given for a note. The securities were missing. Mr. Berry, the treasurer, was absent in New- York at the time, and his return was awaited with some anxiety. On being questioned about the securities he acknowledged that he could not produce them. The president and directors at once began an investigation, and soon discovered that a large number of Government, Hackensack and Bergen County bonds had been taken from their envelopes in the vault. It assupposed at first that the banks would be able to bear the loss, and accordingly business was continued as usual. More extended investigation. however, showed that both banks would have to lose. At a meeting of the directors Vednesday night it was known that the loss would be at least $60,000 but how much more, it was then impossibie to state. Mr. Berry was confined to his house Monday by sickness, but was constantly watcoed by constables. A rumor that he had attempted to commit suicide by taking Paris green was denied by his triends. Thursday night a crowd of angry depositors gathered near his house in Main-st., and loudly expressed their indignation at the embezzlement. The opinion was freely expressed that Berry would be "railroaded to State prison." and threats of personal violence were also uttered. Justice Bertholf issued a warrant for his arrest about 7 p. m., which was served by onstables Earle and Herring. ch rging embezziement of funds of the Bank of Bergen County and the Bergen County Savings Bank and fixing the sum stolen nominaily at $40,000. President Ackerson had instituted this proceeding after consulting with the directors. Mr. Berry was allowed to remain at his house in the enstody of officers. The formal arrest was made early vesterday morning. and the prisoner was taken before Justice Bertholf. who held him in $10,000 bail. in the merning it was supposed that W. H, Hall, a relative of Berry's, living in this enty. would give bail for him. Mrs. Hitchcock, his grandmother, who IS said to have property valued at $100,000 18, staying at Mr. Hall's house. Mr. Hall. however, did not appear, but two bondsmen were found in the persons of Judge W Banta, of the Bergen County Court or Common Pleas, and Irving Wood, a brother-in-law of Berry's. The case will go before the Grand Jury next month. On application by directors of the County bank. Chancellor Runyon vesterdav appointed W M. Johnson receiver. The savings bank remains in charge 01 the Chancellor, who has ordered it to be wound up by the directors under the direction of the court. Isaae Wortendyke, State Senator elect, was appointed examiner for the tavings bank. WHO THE EMBEZZLER IS.