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OGILBYS DEFALCATION. AMOUNT OF HIS SHORTAGE $74,518. DEPOSITORS EXPECT TO GET 50 PER CENT-WHAT BECAME OF THE STOLEN FUNDS. [BY TELEGRAPH TO THE TRIBUNE.] NEW-BRUNSWICK, N.J., March 12.-The managers of the Dime Savings Bank held a meeting last night which lasted until 2 o'clock this morning. They were busy upon the statement required by Chancellor Runyon, and this morning they had It so far completed that it was submitted to Darby Randall, am expert accountant, for revision before being forwarded to the accountant. W. P. Voorhees, counsel for the bank and one of the managers, said that although the statement would not be given to the public previous to sending it to the Chancellor, it would show that cash and securities were missing as follows: Newark City bonds, $8,200; Middlesex County bonds, $13,000; New-Brunswick water bonds, $21,318 50; demand loans, and collaterals, $26,000; cash, $6,000. Total, $74,518.50. According to the unproved statement of Mr. Ogilby, published on February 3, the assets of the bank amounted to $170,308 59. Taking from this $74,518 50, the amount of Ogilby's shortage, leaves $95,790.09 to be divided among the 1,850 depositors, leaving them $70,961 66 short. The assets as they now appear will pay out about 50 per cent. Mr. Voorhees is now engaged in working up Mr. Ogilby's real estate, consisting of houses and blocks of building lots in various parts of the city. This property is all known to be mortgaged to a greater or less extent, but there is every reason to believe that it will realize something. The house in which Mr. Ogilby lives which is worth about $13.000 is the property of his wife, being a legacy to her from a deceased relative The absorbing question in this city to-day has been : " What did Ogilby do with the money 1" All of the managers have been talked with upon this subject during the day and have only one answer. He must have raised it to make up a shortage somewhere etse. The old story of the stock syndicate of which Charley Hill, the cashier of the New-Jersey National Bank, who killed himself during a financial explosion nearly two years ago, was the head and front,is now brought up, and It is said that Mr. Ogilby sank nearly $25,000 in that pool that this disaster has been dragging him down ever since, and that he robbed the bank to free himself from this incubus. Rumor also stated that Mr. Ogilby had been a heavy card player in a club-house in this city, but this was exploded. The general impression is that the money was lost in recent stock speculation, though Mr. Ogilby said to City Collector Warner a few days ago that he had never risked a dollar on a margin in his life. Mr. Langdon, ex-president of the bank. said this morning: The New-York papers have misrepresented me in saying that I resigned the presidency and left the management because I was dissatis fied with the way in which the bank was conducted. I was perfectly satisfied but my duties as superintendent of the New-BrunswickRubber Company are enormous, and my health is not of the best. am no longer connected with the institution. If. however, the friends of Mr. Ogilby come to me in their effort to make up his difficiency I shall consider myself bound, out of consideration for the depositors, to help them." The friends of Mr. Ogilby are sanguine that' they can raise the money to meet bis defalcation. This afternoon they claimed to have $42,000, with best hopes of securing the balance among his many friends here and in New-York 1n a few days. Tais morning Assistant Secretary Wycoff opened the bank at the usual hour, though he has dona nothing all day but answer questions. Mr. Wycoff has charge of the property under order of the Chancellor. A number of persons have valuable papers and securities deposited in the bank, among themthe estate of William G. Parsons. There has been no rush of depositors today, but several have called and demanded their money, getting the usual answer from Mr. Wycoft : I'll put your name down, and you may get your money in thirty or sixty days, under the rules, but I cannot say positively that you will get it even then." T e defalcation of Mr. Ogilby has made a slight flutter among the depositors of the New-Brunswick Savings Institution, and a number of small depositors have drawn out amounts of from $100 to $300. one man taking a little over $5,000. The whole amount taken out y sterday and to-day 18 about $20,000. This affects the Savings Institution pleasantly rather than otherwise, as they thusget rid of that much of their $125,000 eurplus, which they cannot invest without having to pay the July interest on it. Dr. A. Van Nest Baldwin said this afternoon that he had not seen Mr. Ogilby personally since last Monday, but his father has seen him yesterday morning and he was then easier. He had himself been called yesterday to see Mrs. Ogilby, who 18 reported ill, and he was told that Mr. Ogliby was resting easier. All callers who are not known as intimate friends of the family are denied admission to the house. The largest depositor has $4,000 in peril, and the others sums varying from $5 to $1,600. The Rev. Dr. T. C. Easton, who has just left the First Reformed Church for the First Reformed Church, of Newark, has $250 locked up in the bank.
