The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-08
MORE TROUBLE IN WALL STREET
Another Reported Observation-Disclosures OF q
Teller Of the Market Bank-Arrcst or tiss late
Teller Of the Ocean Bank.

Another bank dealcation has been developed in Wan
street w. p sackett the second teller Of the Mariet
Bank is said 10 be defauer to the amount Of S26 ooe
II stated that the assistant receiving teller several
days ago discovered discrepancy in Sacketts tooks
and nfoI med Of the directors of his discovery Tho
accounts of the bank immediately examined which
led to the arrest of Ssckett Monday BY the or
Of the bank The amount against him Is seS ooo
His boads 0oo and he has, since his arrest haaA
ed to the drects securities worth 81 800 more leaving
a loss to the bank Of 412, 000
Sackett has not yet been given 20 the police
horities The drestors awaiting the arrival Of has
father from Long Island Sackett resides in Brookiys
and has wife and child Speculattons in stocks
are thought to be the cause Of the defalcsticn.
William h MeGuckin late teller of the Ocsan Bank ~
New York arrested yesterday in this city by ocers
Mansfield and Patterson, q warrant issued by Judge
Beebe in October last wherein he stands charged with
having embezzled about $4,000 from that insttu
during his term Of Office.
The alleged offence first became apparent last fall
when the President Randolph Martin the board OF
directors asonished find that deficit about
$50 900 manifest. McGuckn then left the city
has been engaged since up to the time Of his
rest in travelling through the Western and Southeru
States. He returned to this city within the past ew
days, which fact became known TO the police and
eOrdngiy he watched and about three O'Clock yes
terdsy afteruooa discovered at the Jersey City ferry
honse foot OF Cortlandt street his way from this
State.
portion of his baggage, consisting of trunk and
valise in the railroad depot at Jersey City when
arrested ard he about leaving in the ferry boat
when the police made their appearance showed him tho
warrant for his apprehension, and arrested him. He
seemed much surprised at the unexpected obstacle that
presented ITSELF preventing his further rambes but
quietly followed the officers to the station house
McGuckin's baggage then secured by the ofacscs
and examining the they found bag containing
81 500 in gold, and pair of Colts revolving PISTOLS
which taken Of by the police. At the request
of the counsel for the accused. Mr. John r. Brady he
taken before Judge Beebc, in the atters private
chambers, where examination demanded on the
part OF the counsel for the Ocean Bank Messrs Sturte
want Whitney. Saturday was fixed by the prisoners
counsel convenient day, but the opposing
having an engagement on that day. the case by
mutual consent postponed antil Monday at o'clock.
McGuckin then given in charge Of tire officers
until Monday He appeared very nervous during ths
proceedings and seemed much careworn. Al but q
small portion Of the missing money has beenaccountcd
for efforts being made for the recovery os poroA
Of it, but little hopes entertained Of its
ry is suspected he spent the greater portion Of
his Western and Southern tour