The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-28
q BANK INVESTIGATION,
MON OF William n. McGuckan,
ste Paying Teller.

MON OF William n. McGuckHn,
.te Paying Teller.
,efore Judge Beebe.
q, IN the case OF VIM. B. McGuckin
Of the Ocean Bank, charged with de-
). out of about s7s, 200, was continued
ice Beebe's chambers. James 7. Brady
elecused, while Mr.. Whiting was coun
Bank.
an, oeirg duly sworn, deposed through
m one OF the directors Of the Ocean
Inday morning following the day Of Mr..
hg the bank, was notified that there
in the bank ! went over Immediately,
pc bank about 4 O'Clock, and learned
in had sent the key Of the bank TO Mr..
ot see him at that time; il was agreed
seet that evening and examine into the
TX; we did SO; the President, the cashier,
Everett, think Mr.. Burnham too, and
Re present; we counted the bills and the
cannot swear to, as the final amount
Ahen left; counted q portion of the
and marked what / had counted,
me correctly we were very par
nting everything; saw Mr.. Nc
Wednesday following; first saw him in
morning Of his arrest l saw him at the
Barclay street; there were some two or
ID carpet bags there, which had been
ythe officers from Jersey City, and be-
ckin, or, as he said, 10 his brother; !
e carpet bags, and took out . small bag
BIZ James L. Wise upon it, written with
Wise Is dealer in the bank; took out
krccls, one roll of bills marked 81 600,
buckskin bag which contained gold; thi
Inv presence, and Amountc 10 81 800 in
money in the wallet did not count:
The bag; from this bag we examined ali
10 md papers and deeds. was not pre-
Sxecks spoken Of by Mr.. Martin were
D by counsel for the accused. %. OF the
station house, which part Of it did Nc
bged to bim2 A. One trunk and q CARPET
d him TO say.
to whom the money belongsd9 A. No
onversation had with him ~ to the
by me, or IN my presence.
he amount of the figures you had count
when you left the back room on Monday
ont think l could remember the result
kckage counted, but do not remember
TON OF MR.. MARTIN, THE PRESIDENT
OF THE OCEAN BANK.
do. At what hour on Monday, 10th Of
whom was the flrst examination made at
rtain the nature and extent of the defal-
pm 80 O'Clock until midnight, and by
IN, Silas X. Everitt, j. W. Brown, James
4. Burnham, L. ID. Conan and myself,
! paying teller, Mr.. Platt.
anuer in which you made ont the order
on in reference to the defalcati0n, aud
Did you call upon to find ont the result
Pf the cash and the cash assets of the
rectors' room, and there counted every
nd the result OF that / stated on nv
on; we compared this ca sh and assets
cash called for from the general ledger,
be result in that way.
cement of the defalcation you have in
| the words, " fraudulent certified checks
$3Z 1907 what does that item mean +?
CHS certified October Il, by McGuckin,
bank on the 10th, except one check for
the $4,000 check paid' A. A few days
hcks were they9 A. All Of them we're
In LOomis.
kpect were they fraudulent9 A. Because
honey in the bank to pay them.
they paid9 A. Because the bank was
lem from the advice we had.
known to the bank on the 10th Of Octo-
checks were paid, that the drawer had
bank to ms ct themY A. Yes.
|ement before referred to is an item
| by freeman Loomis, Amounting in all
lat checks are referred to in that itemY
|ct an error have made in the statement
Eating they were all Freeman Loomis';
lave stated that 424, 200 was Freeman
lat $12, 800 were Mr. Dunning's.
drawn were drawn when the drawers
the bank, and were paid, as you have
~ Eots A. No; both parties had money
20 the checks came in through the Ex-
T. p'' 'ns ene'''' a. MOI 0ne'n'r'y-
bnk advised by counsel, before any OF
be paid, that the bank was liable for
to pay them, because McGucKin had
brtify checks, and If he abused that
loss was to fall on the bank? A. think
Because il was not presented.
las presented, did the bank, through any
notify Mr.. Loomis and the Messrs. Dun.
bf them, of the payments made on Mon
lsks, improperly certifed2 A. Mr.. Loomis
be we koew it ourselves.
bicer or agent of the bank, between Mon
per, and the time when the check for
ID, make any claim on LOomis or tue
wide for the reimbursement Of what the
bid on the account, in the payment OF
III A. ! did.
occurred in that respect. A. Mr.. Loomis
bank OF his own accord, and At my re-
tut 2nd brought in Mr.. James Dunning.
thatY A. On the morning Of the 10th OF
A. Mr.. L0omis charged Mr.. James Dun
lg . large amount Of this money, which
d, and stated where some 81 300 Of IL had
hat he had suits now pending for the re-
far as each of them had the ability, they
ire to make up the amount; the balance
ended in talk; nothing was done until
Loomis charged that the Cummings had
punt Of the money, what money was he
1 did he name any amount2 A. He WAS
mouey that had been paid on the certified
named $40, 900.
innings proportion? A. Yes, sir, at that
money obtained in per cent of that
Of OctobeTf A. / understood him as in
ID On that day.
|ecks of the l4th Of October been paid at
conversation, except the s., $50 one? A.
|red the next day between you, Loomis,
ks, or either Of themS A.. Nothing with
p general conversation; but Messrs. Dun
|wo claims, amounting TO about $13, 900,
lies, who, they said, owed il to them out
bney they had had.
Is ever 10 any way liquidated, adjusted,
secure his indebtedness to the bank
|rdrafts on certification by McGuckin, or
indebtedness A. He has . part.
L TART. A. think about Sic, 900.
INK hscertained what amount is due from
|ssrs. Cunning on overdrafts obtained
ms certiHcations A. No, sir.
this time estimated to be about the
rom each of said parties2 A. can only
their own admiscions; can arrive at
|ept from the checks themselves.
can the checks amounting TO $50, DOOR
bed checks found among the papers in
kets2 A. Yes.
theyf A. They were checks Of s. 81.
e produced.
bmis arrange with the bank in any way
4 for 81, 500, already mentionedS A. He
by leaving the mo ney there.
tween the 10th an d 10Th of October; the
DOT state.
\ since you have been President Of the
cen aware before the 10th OF October
[oomis or the Cummings had overdrawn
the bankf A. Never but once.
hatg A. Some time in 1883
hat was1 A. it was check of Freeman
I lied. and IL so. bv whom? A. think