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MEMENTO OF A GREAT BURGLARY. THE OCEAN NATIONAL BANK'S LAST REMAINING ASSETS SOLD AT AUCTION YESTERDAY-THE GREAT ROBBERY IN 1869 AND THE SUBSEQUENT FAILURE. The remaining assets of the Ocean National Bank having been carefully swept together, were yesterday disposed of at auction in the Exchange salesroom The event attracted a good many persons other than buyers, who manifested an eager interest in the proceedings. The stockholders, it supears, desired post ponement of the sale until such time as they could investigate the work of the receiver, and at meeting at the office of ex Mayor Opdyke, a few days ago, a committee was appointed to call upon the Comptroller of the Currency and ask such postponement On Monday, Mr. Knox telegraphed Mr. Morrel, of the committee**I decline to order postponement of sale." Property of various kinds was sold, comprising mainly real estate, collaterals and judgments. The Irondale coal and iron property in Preston county, W. Va. comprising 1,120 acres of land, together with structures and improvements, was sold to James Hodges, one of the shareholders of the institution, for $20,000. This was the most Important item on the schedule. Seven thousand acres of prairie farming land in the southern portion of the State of Illinois was sold in tracts at seemingly low figure; 1,260 acres of 11 in Massac county brought thirty cents an acre, Jackson county lands brought from thirty cents to $2 80 an acre; Williamson county from twenty five cents to $4 acre, and Johnson county from $2.27 to $2.30 an acre. A farm lot in Carbondale, III., was knocked down for $12. mass of call loans, collaterals and judgments were sold at from $1 10 $100. On call loan of J. K. Gapin for over $41,000, 150 shares of Portage Lake Canal Company stock as collateral, were sold for $15 50. This is the same security that was deposited by Bank Inspector Callendar on call loan when he became in, the time the failure, A number of notes and drafts sold from $1 $5 each. BONDS, STOCKS AND LIFE INSURANCE POLICIES. A list comprising 500 shares Warner Petroleum Min ing Company of Indianapolis, Ind 200 shares Anticlinal Oil Mining Company of Indianapolis, Ind. 1,000 shares Houman Gold Mining Company of Colorado, and 10 shares Salisbury Economic Fuel Furnace Company New York sold for $6 10 shares CarbonRailroad Company of Illinois $2: 485 shares first preferred stock of the Brunswic and Albany Railroad Company and 970 shares Brunsw and Albany Railroad Company. common stock, sold for $18 SOU shares Portage Lake and Lake Superior Ship Canal Company sold for 100 shares and Gordonsville Railroad Company and $5,000 of bonds issued by the Logan County Mining and Manufacturing Company, of Virginia, sold for $12; $500 bond of Mount Vernon Railroad Company, of Immois brought $10 470 shares Washington, Alexandria Georgetown Railroad Company stock and 420 shares Merchants National Bank, of Washington, D. brought $21 first mortgage bond the Toledo, Lo gansport and Northern Indiana Railroad Company for $1,000 brought $15 lot 800 shares Gold Hill Min ing Company stock, 50 shares American Plate Glass Company, 178 shares Waterbury Kuitting Company, 50 shares Craftsmen's Life Assurance Company shares Miners National Bank, of Salt Lake, and 754 bonds issued by the Brunswick and Florida Railroad Company, brought the astounding value of $55 50. paid up policy for 1.650 on the life Mutual Benefit of Newark, James the Davett, sold for $505. paid up policy in the Mutual Lile of Alfred Jr Smith, brought life $3,570 on the $2,450. policies on the life of Samuel S. Bowman one the Home for $5,000, and one the Manhattan for $10,000, sold respectively for $1,150 and $3,025. The total proceeds of the sale. which was made by Adrian Muller & Son, auctioneers, will reach per haps $35,000 Mr M. Davis, receiver of the bank, stated yeater day that ne should pay deposito another dividend of three per cent on April 5. not from the proceeds of this sale, which will make seventy-five cents paid thus far in all. BANK STORY THE THK OF with The Ocean National Bank has history filled events that are well fixed the memory of the pub lic. It was organized first State bank. about twenty years ago. After the noted robbery took place, in 1869, the institution gradually Bunk dow until was finally enguifed in bankruptcy in 1871 During the latter year had for one its directors no less a per Bouage than Mr William M. Tweed, who resigned alter a months term of office, RORBERT. GREAT THE The robbery of the Ocean Bank, on the 27th day of June, 1869, was remarkable for its skillal contrivance and successful execution. It created sensation at the time, and afforded the detective epartment such case for vestigation as seldom presented. The bank's office was then ou the corner of Greenw ich and Fulton streets. Below upon nent floor, leased to one O'Kell. were the offices of brokors, where, about two weeks before the robbery. desk room was obtained by stranger. who soon altor blazoned out sign over the Fulton street entrance of Newcomt & O'Neil. The actions of the newcomor were little singular from the outset. but not sufficiently 80 to cite any grave suspicions. He rarely spoke to other occupants, and gentleman occupying an Joining room was surprised to find one day that the systerious stranger had pailed down the sash intervening window. and had introduced as part his office furniture huge wardrobe, reaching nearly to the celling. He little thought, however, that this wardrobe served screen bide operations that were then progressing of cutting a hole through the overhanging floor the bank On Monday morning. the 27th of June, 1869, the porter of the bank discovered that an amazing burglary had been perpetrated. A strong smell of powder lirst attracted his attention. Scattered about the floor were half dozen caps, and a like number of overcoats, blouses and overalls, such as are usually worn by machinists. Oil cloths, rubber shoes, saws. jack screws, lanterns flasks, drills and other instruments, forming a burglar cabinet of fully 400 pieces, confusedly thrown around. Tne vault was open and all about in heaps were strewn bonds: arrency, gold coin, small wedges, pieces chilled iron, copper coin, gold and various other articles heavy bag of gold had been lifted from vault and placed on top of the receptacle. Tin boxes had been smashed and securities flung about the most reckless manner, When the public learned gathered crowd excited an operation the about great the bank, and the police had great difficulty in keeping back the frightened depositors They were finally quieted through the assurances of President Marun and Attorney Davis, who afterward became receiver. EFFECTED HOW Those who perpetrated the robbery did their planning well, and apparently with much consideration. On Sunday afternoon or evening, the 27th of June. 1869, they effected an entrance to the office the the lorced President of means through aporture by from the basement The job appeared to have been worked from the upper well as the under side of the floor, which formed strong argument favor of suspicion that the robbers had an accomplice in the employ of the bank. After gaining access to the office they openeo the outer door of the safe. having combination lock, without using any force whatever Just inside the first door hung the keys of the door leading to the interier of the vault which they passed, and forced open third door by means ol a power rful screw. Two sales 10 the inner department of the vault were broker open and rifled, one which contained the boxes belonging special depositors. The bank lost by the robbery about $40,060; but the loss to special 000. nearer $500, The deed was clothed with many suspicious circum. stances hich led great nquiry and public Indig. nation, though no person was over punished for the crime or complicity therein. A portion of the stolen property was found one morning in box trunk in Elizabeth street addressed to Police Superintenden Jourdan, Civil suits were instituted by depositors and the institution finally forced into insolvency. FAILURE OF THE BANK On the 12th et December. 1871. the Ocean Bank was suspended from the Clearing House and receiver ap pointedthesamo day The failure also brought about the ruin of the Union Square National Bank, and at about the same time several other similar institutions became involved, hich created the famous bank panic of that year. At the time of the insolvency of the Ocean Bank C. Stevenson was president and J. Hartshorn cashier The capital of the concern was $1,000,000, and its securities consisted mainly of real estate, which it was difficult to realize upon. was estimated that the depositors would be paid in fuil, but, as usual in such instance and as shown in the above. the expectation will not be realized. COMMISSIONERS OF EMIGRATION
