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Show ' AN0T11ERBANKBREAKS I ! " " j Two of Ita Cffioiali are in JailOn was i Caught ai He wi Pruparing to Skip Out for Canada, AN IKQCNI0D3 SYSTEM OF FEAUD For Twenty Years it Hai Bafflod the Skill of the Expert Stale Bank Exatnia-a$ Exatnia-a$ Dec-iit and Furjurj. Kingmus-, N. Y., Oct. H. Tim Ulster county savinc" iiiotitiuioa cloned i'.i doors and is iu charge of liai.k Super-iuleudmit Super-iuleudmit I'fesloti. The examiner hag heen at work since Tuendav, and has already found that $103,000 has linen stolen hy Treasurer Osirandor aud Matthew Mat-thew T. Truinpbour, assistant trean-urer, trean-urer, and it is feared the stealings will , reach over that amount. At midnight last night Superintendent Superintend-ent I'restoii swore lo the complaint charging Trimiplmur with perjury in iwearinj? to the false slatetnent contained con-tained in tins .Inly report of the bank to the banking department and Trunihour waii Hi-rebled. Ilu w ii s just prep'iriuj to lieu from town. Ostrnndur was arrested ar-rested about two weeks a;fo for emljoz-'.linsf emljoz-'.linsf i' i,i,i)ii'), ami was imo :!' bonds for $;''.. 0iii. bondsmen lust nit.t liuio'd over to the hhen'.l Dill and be H as also looked up iu jail. When Ostrnnder was arrested there wns a run on the bank for three days; but other banks came to tiie rescue of the Lister county sav.ugs institution and the trustees niadii a statement showing a surplus of $'J 1T,00('. As the statement was signed by a uumher of prominent men in the city who were directors of the bank, it had a reassuring reassur-ing etlect and the depokiturs who drew out their money brought it back. I he system adopted by Ostrander and Truuipbour nas most ingenious, and for twenty years ballled the skill of the expert examiners iu the employ of the state. In carrying it out, deceit and perjury were frequently and effectively ef-fectively employed. The statement bowed resources, $2,13o,000; due depositors, de-positors, ?i.8t,000; surplus. $047,OOO. It is impossible to tell or even con-jtctiiru con-jtctiiru the effect tho closing of the bank will have on the people of Ulster county. Tho majority of the depositors were poor people. There are two other savings banks in the city, tho Hound-out Hound-out and Jvingston, the trustees of which have decided to demand sixty days' notice from depositors should there be a run of auy consequence The feeling against the trustees who signed the statement is bitter in the ex-Irema ex-Irema and they are characteri.d as thieves for making the depositors believe be-lieve the baok was solvent when they should have known its condition. First Vice-President Brodhead.who had executive charge of tho bank, also conies in for his share of censure in signing the stateraetit and in allowing the peoolo to deposit their money. The people had great conhdsnce in the institution. It is said thi.t a number num-ber of bou 13 cieutioned in the slnte-ni"nt slnte-ni"nt by Uie trustees were hypothecated hypothe-cated in New York by Ostrander and Tmmpbour. Another method mentioned men-tioned was that deposits were in many cases entered on the bank's register for only half and a thir l the amount received re-ceived whiie tho entries in the depositor's deposit-or's books were for the full amouut,the dii'ercnce being taken by the thieves. The streets of Kingston are filled w ith people aid depositors aru arriving arriv-ing on every tram and by all manner of vehicles. Occasionally some of the excited termers threaten to break into the bank building and get their money while others suggest that, a lynching party b,- forni"d to hang Ostrander and Tl iiiuphour, Lusitiefs is virtually suspended. sus-pended. A man who had IfTOoO on deposit has developed svmptoms of inanity, and it is feared it will be necessary to take him to the asylum, j lie city oiiciais. fearing the threats lo burn the jail where Ostrander and Trumbour are confined would bp executed, summoned tho tire department, who are uow watching the bank, court house and the jail opposite. Too (.'lister Count'. Savings institution institu-tion was incorporated bv an act of the legislature April Ji, lvol. |