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A TERRIBLE AFFAIR.
The Troubles of a Beak Result in the Suicide of Its President and Cashier.
New Brunswick dispatch: The excitement over the double suicide of the president and cashier of the National bank of New Jersey has become intense. A statement furnished by the officials in June of the current year showed a paid-up capital of $250,000; surplus, $125,000; undivided profits, $78,180. There has been nothing in the public history of the bank since that date to cause any uneasiness to the stockholders. The suicide of the president strengthens the evidence of great frauds and creates unbounded astonishment. President Runyon was over sixty years old, and leaves a wife and four children. He had been president of the bank for five years. Over one million dollars were stolen by Hill. Mapleton Runyon, the president, was implicated in the theft of Hill and expected to be arrested when he took his life. The city is wild and crowds blockade Church street, where the bank stands. Acting Cashier Campbell is expected to be arrested for complicity in the conspiracy. Millionaires are trembling and more than two suicides are predicted. The mob threatened to break open the bank and were subdued by the police. Water Carroll, a depositor, cut his throat on account of losses.
There is great excitement in the city. Bank Examiner Shelly has discovered a deficit of over $1,000,000 in the surplus cash and securities. The town is wild, and men rush frantically to the doors of the National bank, only to be told that the business of that institution is suspended for the present. The Voorhees estate is partially ruined. Cashier Hill was left as custodian of this estate and of the bonds and securities made away with, all over $19,000 was taken here. In the G. B. Adrian estate over $30,000 was gone President Runyon, who committed suicide, has $60,000 in government bonds. Hill had negotiated for the sale of these and consumated some before his death. A clerk of the bank, who had been reported dead, was found alive at 1:45 p. m. Runyon knew nothing of Hill's doings, trusting him implicitly. The crash in Wall street in May last took the bulk of Hill's stealings. Runyon, though quite popular, was ignorant of financial matters and was a willing tool in the hands of a designing cashier. At 9:45 a. m. President Runyon drove up to the bank in a carriage. He was accompanied by his two young daughters. "Good by, papa," said Julia, the eldest, reaching out of the carriage as Mr, Runyon descended to the pavement. "I hope all will be well." "If you do not see me before night," he responded, "tell mamma I will stick to the bank." Twenty minutes later he sent Chief Fitzgerald, who is in charge of the bank, for a copy of the morning paper, in which the story was told of his complicity in the bank's downfall. Securing the paper he went into the room occupied by the organizing directors and began to read. A deathly pallor spread over his face and, passing his handkerchief over his brow, he threw the paper into the lap of Director Stoddard and, excusing himself, went into the toilet room of the bank. A minute later a fall was heard. The directors rushed to the closet and discovered the body of Runyon on the floor, blood oozing from a gaping wound in the throat. Determined on suicide, he had cut his wrists deeply, blood spurting against the wall and ceiling. The thousands of people outside were horrified. "Shall we raid the bank?"" was the question which agitated the depositors. Farmers from the country joined the throng and shouted for their money. The police with difficulty quieted the disturbance. At 1:20 one of the directors, John Letson, was reported dead. An investigation revealed the fact that he had become exhausted on account of the strain upon his nerves. He was a heavy stockholder and had deposited trust funds.
My God!'' exclaimed Director Stoddard, "the whole city will go. The city debt is now nearly $2,000,000 and the bank holds its paper. The Savings bank has gone under and we have their capital."
Martin A. Howell, who withdrew as director eight years ago, said: "I saw it was coming. Charley Hill was too liberal. The republican party went to him as its banker for funds. He doubtless took the bank surplus to aid his friends. Knowing the condition of affairs, I quietly withdrew."
"Why did you not let the public know your suspicions?""
"I was advised not to do so,"
"By whom?"
"By a director."
The effect on the town is crushing. The wildest excitement prevails. The streets are thronged with country depositors and there are fears of a raid on the bank. Hundreds of special policemen were sworn in by the mayor to surround the bank property. Acting Cashier Campbell says: "I have had fears of the present result for six months, but kept my mouth closed. I feared expulsion by the directors."