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DISASTROUS TERMINATION TO THE CAREER OF A MODEL YOUNG MAN-THE FIRST NATIONAL BANK OF MONTROSE ROBBED OF NINETY THOUSAND DOLLARS-CONDITION OF THE BANK. SCRANTON, Pa., Feb. 3, 1877. An earthquake could not have caused a greater shock in the thrifty town of Montrose, a short distance from this city, than did the news of young Nathan Lenheim's arrest in New York the other day on a charge of forging a ten thousand dollar note and endeavoring to pass it ou the Importers and Traders' Bank. He had always been regarded as the model young man of not in the vapid character of the famous whose fascinations of by the street Montrose, "Hildebrand," so frequently gamins, have been but sung in those substantial requisites which go to form the truest type of manhood. He moved in the best society of the town, was apparently a sincere member of the church, was beloved by many and esteemed by all, was the cashier of a bank in which the wealthiest nien of the place were interested. and besides all this seemed well to do in the world. All this at the age of twenty-four, when the flower of manhood and of fortuno seemed to endow him with such brilliant prospectr. A PANIC-STRICKEN TOWN. As the readers of the HERALD are doubtless already aware, the forged note which he sought to pass in New York was supposed to have been drawn by Mr. R T. Stevens for $10,000, and indorsed by Mr. of Easion, in this State, who 18 Kesster. to be a millionnaire, so that Lenheim known made bold move on the strength of his own position Mr. Kesaler's acknowledged wealth. When the and reached Montrose the first exclamation was, "I news believe it!" People thought It impossible that to don't "Nat Lenheim, whom mothers were wont young out 10 their boys as a pattern of sobriety and point could be guilty of such an act. But the story confirmed by telegrams, and with excitement and people of information, out little honesty, bank was was soon wild in search then ot rushed which the to place was, the vouchsated. The bank oflicers were deign to answer that the and however, would only bank This reticent, was was all all and would meet all its obligations. right could be ascertained by the outside public, and of it that was not calculated to promote the most placid state public feeling. ROBBED THE BANK. Your correspondent succeeded in obtaining an he inter- inwith one of the bank officials to-day, and view me that an investigation just made reveals the forms fact that the absconding cashier has robbed startling bank of $90,000 Nobody knows how he squanthe this plunder or in what manner of speculation a dered invested it. These are things that must remain he for the present, as all efforts to find out amount what mystery could have diverted such a vast truitless. Twenty had been torged on the bank, be channels into this have sum proved he thousand doubtless and the dollars reof in a manner that will as soon as Mr. Lenheim mainder made known abstracted furnishes He had to his starthing crime. the sequel control in the matter of negotiating other full discounting notes and transacting all the diloans, of the bank without even consulting as doubtless thought all men as to rectors, he used this great business themselves. who and opportuni honest good for will. It IS known that his bond 18 plunder at portion of the money which he has stolen, the the greater $24,000 is the most the bank will lose by staand that The confidence of the people in its transaction. still unshaken, and despite the damaging nature bility of is the cashier's crime the bank has experienced DO extraordinary run. CLOSKD FOR INVESTIGATION. has been closed for investigation for the past two It but was reopened to-day. and is now discovered transacting by days, as usual. The state of affairs Lenheim business committee of investigation shows young the an unmitigated Villain, void of conscienuous connection to be even in the smallest matters. His cloak scrupies church, as stated, was but a has with the villany; and it now transpires that be for his the part of hypocrite and thief right along, and played the community in which he moved deceiving has completely confounded by his extensive reach out and influence many the small surrounding towns. the defalcations, which banks he in which has It not is just yet of that the extent of his plunder be revealed. been possible ascertained, and even greater schemes may yet BOLSTERING THE BANK. stockholders, for the purpose of meeting present to reThe have given their note for $40,000 of emergencies, the depleted treasury and meet the demands So plenish desiring to draw out their deposits. those however, since the detalcation, double far, amount has been deposited that has show been the and yesterday one gentleman, to dewithdrawn; in the financial soundness of the concern, by his faith $5,000 there. The liabilities are secured of posited notes, and the stockholders comprise some and the sound substantial merchants ot Montrose thing the most of the surrounding country, and no such been as farmers a failure is anticipated, although the escape has a very narrow one. THE FIRST NATIONAL RANK of Montrose, Pa., was established two years ago, since. and the torger, has been cashier ever Vice PresLenheim, end of the first year the At the D. D. Searle, becoming suspicious of at Lenheim, the manident, his displeasure to the directors Loans were expressed business was transacted. them in by the cashier without mode a committee according decided exception ner to being negotiated which Searts took to rule, much and to referring this of doing thas no things as lomasis Mr. said no woma wither sele out or buy
