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HALF A MILLION GONE. WRECK OF THE KINGSTON SAVINGS INSTITUTION COMPLETE. THE AMOUNT STOLEN GROWS LARGER AS THE EXAMINATION PROCEEDS-PUBLIC CEN. SURE OF THE TRUSTEES. [BY TELEGRAPH TO THE TRIBUNE.F Kingston, N. Y., Oct. 4.-The excitement Sav- over robbery and wreck of the Ulster County the Institution is unabated here. of the people increases as ings indignation fortunate In the fact, details that the known. It is considered intervenes to afford time and disperse the crowds in thought Sunday become the for streets, calmer it is the absorbing topic in every in the history of this and Nothing yet place house. has the aroused and excited perhaps, when the burned by the |people, 60 town thoroughly was save, old British colonial or when President Lincoln was assassinated. The thieves are both safely in jail, and there is good to think they will be justly punished, but consolation to the who fear they must suffer the to that reason people is little hundreds loss of of poor sava and there is a disposition whom a share in ings find others of lifetime, upon the others rascality conbelongs. Many think there must be with the bank who are in the affair-if not some nected way directly implicated statements in the in stealing, then by reason of deceitful condition and positive assurances regarding the deof the bank while the expert examiners were and tecting and tabulating the embezzlements, that the when they knew or should have known and amount of the robbery was hourly piling up exceeding the bank's surplus. The air is full of few rumors to-day, and follow. it is hinted that other arrests will soon on darkly is said that John Sterns, a carpet weaver the It Union-ave., deposited $2,800 just before closed for the last time on Friday afternoon, the bank assurance of Treasurer Brodhead that the on the was all right while Brodhead knew that examiners bank were disclosing new robberies at Of time and had been since Tuesday morning. all such knowledge on the part of any state- one course, the trustees is denied by them in their fully of last night, but the public are not ment contented with that document. The trustees the examiners did not report any further not say shortage to them until Friday night and could lawfully report to any one except the Bank Superintendent. Ostrander and Trumpbour both insist that and the of the robbery is much overstated, amount that the examiners have made a mistake. the In they say interview with General Sharpe, one of Exoldest an trustees, this afternoon, he stated that aminer Judson told him on Saturday afternoon 75 bank would probably be able to pay the dollar at least. This was the interest on loans since reckoning cents that the on the the last without bonds July dividend, estimated at about $40,000, the two guilty officials, $40,000, which real are perfectly of good, and about $20,000 worth which of was held by Ostrander and his wife, the estate for directly from the money stolen from paid In behalf of the trustees, General Sharpe bank. certain members of the board, without sussays any malfeasance on the part of any official, some several pecting months ago resolved upon making Treasurer The board finally instructed been changes. Ostrander to discharge one Schutt, who had employed as a collector for some time. This This was done, however, on certain pretexts. of aroused not some suspicion, and the supplanting from Dstrander was subsequently agreed upon, not but to suspicion of his integrity, as any younger blood and more energy, and infuse Ostrander was rapidly declining in health thus had asked omeI assistance. executive N. officer, E. Brodhead Ostrander was being left as nominal treasurer. This made him angry. mode General Sharpe says nothing in Ostrander's of living had awakened any suspicion except the carrying of heavy life insurance for himself As friends, which cost him $2,000 annually. and matter of fact, it should be stated that the graphic a stories of Ostrander's luxurious living exlargely imaginary. The great wonder was are pressed on all sides is how all this money spent, though it now seems that he was gambling in stocks for a time. General Sharpe says that when Brodhead took was charge the first intimation of the stealing full Then, when the trustees felt sure the statehad. amount of the theft had been found, the He to depositors was made as published. the trustees could to was done, and he now a ment the thinks bank everything asks do conserva- protect that judgment on their official acts, hoping and pay the tive old bank will be able dollar. to reorganize The total 100 cents on estimated to exceed half a mil:reported ion. found up to May 1, 1890. The their work to-morrow. an will amount robbery The is $463,000 now yesterday The examiners was Attor- the arrived to-night and for a receiver for the Recorder ney-General application continue prisoners will be examined bank before will to-morrow. receive charge of The In answer to the book. Van Nostrand, knew apparent that the beTrumpbour Hussey it to-morrow. seems against latter wreck, the of the stealing or impending on nothing his family had some where It Savings Bank cause deposit keeper, he there, and still is. paid $18,000 out about during its run will take advan$30,000 and The the Kingston Rondout Savings yesterday, Bank and notice. now both The it the privilege of sixty days' investigation tage of has requested a full as a as soon as it can are by Kingston the examiners Bank public. be Runs made. city, exmeans of also assurance upon the to National the banks of this will pected which they are fully prepared. The and city excited for doubtless be thronged with anxious country. people to-morrow from the surrounding
