The Express.
London, England, 1849-12-01 00:00:00

EXTRAORDINARY SAVINGS
BANK DEFALCATIONS.
DEFICIT OF £37,000.
Yeti mat sad painful excitement has been pro-
dowel at sad throughout the solghbouring tore
ships sod villages by the disamen mesicasat upon the
&seem of g ciao Rea4le Beek sweimps, of
-4Ms= Mu
esileneellemer en
fleit la jbe Om& lamond
la don 1818111111111111.1116 Nat few
perhaps, who ever visited the town of Rochdale but Mebert
wire familiar with the person of the late estuary
of the savings bank, the late Me. George Haworth. He
wee a man who travelled about the neighbourhood very
miesh—espeefelly by mil, and his appointees was always
ealeakited smite attention and smithies of interest is
his hileieleamiless In the time being. He me a naimitse
et ho Ilesisty of lslsnda, and besides the simplisity cog pe-
ereVerig of ehitattire of ► friend to attract &meshes. RIMS
wee as lemeeneg expression of benevolence abatable mar
Maass, wish sesensaading stature and well-peepers sad
yamen. a• steed something above six feet two inelese high
M sad few men, if say, ever stood higher is pablia
ion of probity and integrity. He was a sera
la the pekoe of like, and up to the period of his death, whisk
task plan ea Monday the 19th of November, is the 4
death
of hie age, he was universally reagemed.
was WM to be caused by s dimes of the
heart, sad on the Saturday helm be
Dr. Hosigsea, el Laidon, was sameseatd to hiesg=
by the aid of the electric es a lot &Mee
or preserving his existence. B aelway OD the
beak for savings—a situation whisk he Mehl it may
years at the trilling sal ay of 11101. per samara—he wee a
ecittoi spinner and manufacturer at Cultism, held the
lucrative post of land steward to the Lineseldre sad
Yorkshire Railway Company, and had also Ma the
spat sad steward, for many yeas, of the late Mr.
Smith, of Castliton Hall, holding that appoisemsat up
to the death of Mr. Smith, and mice then aMlag is the
same opacity over the property, which bymse7ege de-
volvedjeiatly u,.oe that gentleman's sons-in-law, We Bey
tall Burdett aid Colonel Bailey. He was ass the had
egent of morel other wealthy families. Whoa at the
pint of death, he went through the form—fork Owns oat
to have been ealy a fora—of calling armed bite some re-
spected Meads to become trustees, and meated a will,
beqesathiag to hi. widow and child (a daughter) mar
thing like 20.0001., 3001. of which per yew we. set-
tied upon his widow. It may be issiesived that
when a few days after the deems of a mu so highly re'
T, sad so generally supposed to be a man of sulstanee
sot of great wealth, a whisper began to be spread
abroad that he had bees guilty of fraud in his amounts at
the menp bank, and that he was in fact a defaulter to the
Meat of steep tlieemind pouods beyond what even his sup-
posed wealth hod Men calculated at, public credu:ity
even well sesethil, and felt an hesitation to receive the
Demmer. It ashotmately turas out to have been but toe
essass. Some of Me trustees and managers of the beak got
s 4180 it he Oslo of affairs, and at a sheeting on Mooday it
Is sold Me list lavesthtation of the books connie,
diimiesiag delude:miens to the amount ot 20.0001. ;w
it
vwa matinued on Tuesday and Wedaseday, being.
leg up diml WOG of deLIOIitiOISO to the amount
woes 34,0001. and 35,0001.; and down to this period
the meant is said to have increased to 37,0001. On Wed-
nesday public whispers and ill mere suspicion on the subject
were set at rest by the posting of the following placard on
Me wells of the town :
" Roshdale Baying' Bank.—ln coasequence of the death
of Oeus,e Haworth, it is found neesenary to examine the
eneentMe of the Rochdale Savings Bank ; sad until that in-
smelignehnbes taken place business will not he resumed at the
wisp boa. Depositors are nques'ed to bring their books
hetitwith—By order of the trustees and managen.—J. B.
N. YOLIIIIIOII7I. chairman.—Nov. 28, 11149."
Of emus this lotion warmed the rumours afloat still-
Malty le pat the public in an agony of suspense on the
salleek sad the excitement &mew the poor and working
daselk who either personally, or through the instrumea-
tsar of itabsoiit and burial societies, Sunday schools, &r.,
an no win mat deeply steeled by the defalcation, is
met Mom The whole of he books of depositors have not
yes hem seat in, and even at the beak Setif the emir.
mama of the deficit has sot yetbeen ascertained, but whe-
ther that were so or not is as yet of no avail to the depositors,
the servants otitis bank having been at present torbidden to
make any mom to inquiries co the subject. Ourcorrespond-
est was at Rochdale yesterday and obtained all the informa-
tion it wee pookble to get out of doors, mach
of which will, no doubt, be mad with interest. He was in-
formed that Kr. Haworth had been actuary to the bank for
20 or 26 yaws, sad that it was impacted the fraud had been
carrying as for many years. To the question which most
naturally suggests itself as to what the trustees and masa-
pn, and the auditors, wore about, to allow themselves to be
kept in the dart over inch a period without discovering the
defalcation, it is replied that the deceased actuary bad kept
two sets of book., se one of which be entered the whole
of one clam of depositors' ppawymene, so as to ke
a
clear balance sheet with the lid that foranother
class of depositors he kept a second sot of books, (se
metly, of come) mitering their accomn is them sepa-
rately; so that he meet also have kept a separate
fund, paying the deposits of the former clam bock upon
the ordinary notices f withdrawal from the general hands of
the bank, sad n payinr other deposits back when called for,
out of his own private sand. That, in fast, he acted in two
capacities, fa milky, though not osteesibly, in one, as the
actuary of the Savings' Bank, and In the other as a private
beaker. Had the manors and trustees of the bank acted
se in some pion—sitting by to sea deposits received lid
, repaid during the whole of the bankin a hours for the two
dale per week upon which the establishmeht was open, it
wield have been digit-lilt to have accomplished his
rinsm, sad, under any eiremistaaess—especially where
ems year the depteitors• books were called In—
mast have run great risks of discovery. The
misty of the public mind is divided between two quits-
' dens—the one being as to what proportion of their savings
will be aserifleed, and the other being as to whether the
whole en not in jeopardy. It is believed that the trustees
are not pereosally responsible for say of the money ; and
then another question which naturally arises is, whether
those whose stoney has bs-en properly received, catered, and
paid over to the Co, =hamlets fur the Reduction of the
National Debt,
weight will sutler end share the lose, or whether
the whole of the loss will fall on those depositors
whose accounts have sever been paid over to the trustees of
the hank, or entered in its books at all. The following,
which is the last report of the bank issued, shows how large
is the motet of defeloaticas compared with the deposits
properly entered and paid over:
ILOCNOLLB Rani POlt Sacifina.
Thiry Ant Latual Report, Nov. 20,11148.
Per the year ending Nor. 10, 1646.
Tim treeless of the atirlap beak established at Ronidele.
established
%%nee ea sow. 10, 1617, inguding Interest sit
pro hi ream
To sem dosirl .
Ts lonstotea maim Mewls& Istbs pulls Dada Olt e I
mis of bide. ha . 6 1 3
To labmist hems trisbir It It 0

1149,530 $ ok

adopt
riassaMsalli
peli to doloilow now, RAM 5 11;
ks
IsLmowergot Ow Nowsomw.
150 0 0
:0 o 0
20 II 5
43 5

"'"'". a& ....
Balms as laa ossual magat
Isla Ida las Ommideama
11.1001 L *me sa Mit 11a£ 2$U 10 6
the Mode at dr trews= Oll 0 0
Ditto ditto actuary —.-. II 6
23,651 10

149,330 3 Oi

The rate by mould intaro444 Klee 4d. per toot.
To taboos on 20th Nov., 1644. tievegbt 11744r0nt £23,654 10 2
No. of &velem.
1,217 Idiom respective bohosio NON
1644 iiedg2o
ClAOocliag lalinet), did sot asold
5
247 SO „
~
43 100 2M,746 1
14 146„
11 200 „
1567 Total number of depekoto £22,436 II
55
10 Cbor
Prieedly itebbi ilaolvtios 469 3
14 Se
2,715 •

.7151 Total ember of &emote £15,1111 15 05
Bongos 4l 15 15
Meant of mophte remaining ea 50th Now., 104/t.
retained to meet the memo ix the eateles
Pm 4l 15 15
UMW rid snowfd by ell b2Tolc' irtbe I Name&
&poi &gam