The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-11
100000


at the outset, to be guilty of such crime but havin
plenty of their employers cash within reach and ben
without their employers know ledge) until by luck,
stock transaction, wndfa from other quarter
they should be able to replace it. But their
ton their lottery adventure only nvolv them deepe
in the mire and thus they found necessary to ncreas
their borrowing At length the debt became 50 formida
ble that to repay it was hopeless and then the question
whether to stop where they were or TO grasp fo
more since the consequences TO themselves would tn
same. Some, perhaps decided one way, and some tn
other The time during which the process continued
may have been longer shorter according to the fact,
Of concslment But they all reached the end of the
guilty conscience. And this a1 Is there no punish
ment for men who thus wickedy and cruelty plumber
their employersl We believe there is all proper
toned to the nature and aggrsvaton of the offence
time there Hhe ENFORCEMENT of an EMPLOYERS mo-
ney to any considerable amount should be made
Prison offences and the penalty should be enforced with
r1gor. Such examples Of wholesale robbery, by men in
whom the highest confidence has been placed
pernicous tendency aside from the damage they
10 the interests of their employers The number of such
examples shows that the disease endemic if not cona
who can be trusted7
from Noahs Union
Drr.LcArroN.-The recent deialcaton Of Mr.. NicolI
has excited much feeling in this community and every
one asks where will all this end Who trusted
We have fallen upon evil times, and men growing
the presen, is more than the
and that in oden times more honest and trust
ps w eS
rogues swindlers, and defauters IN happy
country and they were not numerous, it
our population was sparsethe opportunities ewerand
the temptations not overpowerng. We have become
numerous people engaged in mighty enterprises, and
have been eminenty successful and prosperous and this
led to extravaganza mode Of living and assoca.
tons. Those who poor became suddenly rich
and have launched into every species extravaganza
likewise TO all with whom they associate by stmulat ing
them to follow their pernicous example. placed in
oees oftru or acting the agents OF others they have
been mpercepbly led to the funds placed in their
hands for their benefit with full determination
replace it. Their necessities have increased their
specustons have proved unsuccessful and they
PEELED TO go step farther until the Ru5icor passed. and
there no possibility Of retreat Then they plunge deep
Their from gambling they led to swindng and then
TO disregard the most sacred ties and finally they fee to
Texas France, die by their hands This ge-
Morally the fate of those who disregard the obligations
morality and religion.
But to to the case of Nico as one example ;et
US ask. who to blame Every one will say Nicol Yes
put were there not others in the Lille and Trust Com
pany' who were paid to watch its concerns and
even Nlcoil, himself who merely the Secretary
what has the President and Directors been doing all this
time while Nicon has been suffered to squander three
Nicoll guilty, they innocent n The nnbIic con-
denim him, will they suffer Mr.. Bard the President 10
escape with impsnty II the stockholders regard the
interests OF the institution public opinion thew will a,
once remove every officer for unless this is done The
public will have no confidence in the stability Of the Com.
While making these remarks we would observe ba,
there are other institutions in that vicinity whose affair
should be scrunized Immediately. Their officers receive
large salaries is true but not large enough support
the extravsgsnt rate OF which many of them live w,
have more to say on this subject hereaftes.
from the Erpressl
Nh. NIcoLL THE DEFAULTER.-The public are YER,
anxious to know hoo" Mr. Nicol the Secretary of thu
New York Life Insurance and Trust Company could rol
that institution OF quarter million Of dollars and tn.
amount not be missed and he suspected nor
ed until after he resigned e the Bank and absconde
NOW the high confidence placed in MIR Nicoll and in
the institution itself led to conceament The institution
stood so deserveily high that nothing, was thought
could touch ITS capital its credit In any way afec
~ and when banks, indivi and companies wer
giving way to the pressure Of the times all sought this
safe and secure place to depose their funds
their ives us charter Is close corporation The di
wealthy men-ameng the most respectable IN the CITY
Underthsse circumstances entire confidence was
In all concerned in IT, There was o great resort 10 demo