The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-21
The Alleged Embezzicmena Of the Funds .of
OF the Market Bank.

The AIeKeu EmDezziemetsa Oh the Funds oG
OF the Market Bank.
PRCGRRss OF THE IsvEsTIG ALTON BEFORE THE PoLrOB
JUSTICE TESTIMONY OF TILE BANK oFPIoER5--
ANOTHER ADJOURNMENT.
Justice ConIey sat at the owog police court yesterday
aftern oD In order TO continue ths nvestg Of tho
crcums'ances attending this cars in which the direc-
tors OF the Market Bank alege that the S2 600
was embezzlcd from the funds- Of the Institution by
William Post sackett, its late receiving teller.
At four O'Clock Mr. sacsett appeared attended by hts
counsel Henry L. Clinton, ESQ. TX Judge Bcebcsap-
peared the part OF the bank directors and officers.
large number OF witnesses and others interested we're n
after oancc After bis Honor hls seat the Colrt
recorded the following
TESTIMONY
Richard Williams ssornt and cross ersmi nod By
Mr. Clinton lie deposed-Mr sacsett second teller
Of The Mari ct Bank from November 1852, to Decem
her 1854 have been president OF the Markss Bank
from November ], 1852 70 the present time; have
amined the books OF the bank with view 20 ,sain
wstber any OF tDc sunts had been embszxled by Nr.
saekctt the books viii show whether any cmbszzlems
viii show the fact that som, OF the money hns gon- and
that all is not there that should be there the books wi
not show this particular with reference to the whole
time that sackett was In the bank the books will not al
ways show the deficiency because he coysIed 1t up by
false entries and additonB do erstand ts nature or
The books kept by the bank suppose do Mr. sAckett
Kept books Of the bank he kept The 10 whic, the
cash receipts from dealers In the bank entered
Ae being receiving teller; he kept another book this
was his cash booS; am not aware that he kept any
other book the receipt and cash backs we're all
he lert ] do not think tlat IL the
business oi any pefson In particular TO inspect the
books kept by him, IL tire privilege bu not the
duty Of the inspector directors 20 examine them
sacseit paia ms day receipts 20 be nrst teller either
on the day or next mcinpgi believe it his bust
to pay next morning the balance oi the receipts Of
former day It was his duty 10 return toe gross amount
received the next morning. including cheeks and all tho
mvrey dcpostsd the day before; II vas the iuty Of
the first teller 10 correct II ana that Sackett deli
yered tho exact amount of money the arst teller -ou
bV onfu nd Tho
ard checks paid 10 him by sacke II tho Laoney
paid TO him which sackstt reprr en,ed the
slip he bad paid, II saosetts duty u hani in this
sbp each morning presume they pfcssrged do
know that Sacsets books wrong. where they are
looted up on TIE Ley Of D-cembsr the receipts put
down nj e2O ou0 less than he received only know this
by The books and what he said bimrtf; have been
keeper Of books since was young baye no, been
accustomed to Leep the books OF bank Mr. sackett
think commenced TO embtzxs tho funds very after
the bank went into operation, II at AL the
hrst nseeuraey his accounts appears by the booss
tie ls day Of June last the bank frat discovered the
deficiency in his accounts he ~ OF lat lie ember
him The subject the 4th day OF December at
my house No. 10 Jefferson street; did not send for
him 10 10 me- bat wrote for him; wrote 10
advise him 10 call aud me, bu. he toll rne he hal
not the note when he Called there bargain
between Snckett and myself about his paying back any
Indebtedness to the taDg but talked aboat II; I
asked I'm 10 pay the money tbns advised him 10
call 20 after calling at his house three times
Giles the subject of sackctt seeing ,ha matter
repressnted 70 Mr. Giles that II ssciett called a. the
personsl safety at that tme; positive that par
tcularIsd that he should not BE- arrested that time
tbs bad 70 reference 10 future Gays dil not convey
70 Giles that the bank had any intention TO at him
AZ any time tod sackett that Il lie would pay up IL
would be better Tor him moneys have beOn paid 10
the bank since this alleged 81 600 and
other money notes was paid on account OC IL
and auppofe over 81, eco PAID the bank has also
the 'ccbnfy Of his bonismen, given when he became
'e'or; have had additional security for IS 900 from
u the bondsmen and note from another for 300
Mr. Garnet gave the % coo security Mr. sackett gays
me ORDER on two or three lawyers, who held some
ciausoi his and they were TO give ms the money II
they got II collected Saekett me With threo OF the
directors 90 the metter, about fortnight after tbs
cuuence, in the directors room OF the bsuk; do not
mind how lorg this Interview lasted II took place after
the notes we're given Tor ssme money since paid Saeket
gaye also check the Mechanies Ban ing
Tor $500 a ehtcS the YonLe erh Bank Tor s20 AMI
check on the Chatham Bank for go, which forgot 10
speak Of when saw sackett a, my house this subsct
Mr. Hsydock, cashier 10 the bank present for half
hour when sackett and began TO speak on the sub
ect Haydoct not there after h did come hs (Hay
OF bank may examine tbs booss Of The bank a. often
they think &C; the books OF the Marset Hank wsre
examined every ak months when sscke,t teller I
have Instructions from the directors 10 pros-huts
saekstt tie insrructops given about Tour
after The money and notes vere given; they pa.sed
sndAyit; they ala not Intimate. In nv opinlon, 10
Sackeit that any criminal prosecution would be iaseu
before TIE moneys or securities were paid over w
have lost o., COO or $1,000.
To oTx.Jucge Bsebe-l knew nothing OF this dsfalcs.
Non Lbu hh" VIZ " DecsWh<rs dtd not amtke the
tooks that morning; have sin e e1sn,inca them anf
found that the defaeation took place; stated 10 sake
whai suppo,ed The amour, .! tha dsfscaon va, q.
.! iutervIsw With Inn told him ~ The ~ 0oO ln.
s'ttd End ~ Tsplea ilat tie smoon, IS O00, KaI
~ could tLos shete tie ether a. n00 80 wa-p
sEti. q q NJ tsfs 81 the dsttt = 30 Wii,,t
- lao fBift a Ntaf he hss taaea apa 90 80
BE- tsd iIat D. saEan very room aftr tho
bsbk errt nto oerfiioB aad that be had covered 4 u
W hs etsh b.ok until II too large sun be ssd
he would shaw whore o. lO0 more th.o the A., 90
vas in the book be ssld that he had spent the mosy
for living 90 not think that be erplsned no. bs hal
made the toohs appear before stated that
lad aAsn tie as 600 bad 70, made use or snifsanss
Or threats 10 him have followed the sfAlcailon Gp
from the ln q jane last In the books hs ssN be
continually taking ths money vss no psr. q The da,y
Of Sactett " psy cut money.
Walter W. Hsydoca, 20 Ex.Jndg. p~sbe-I am cheek
clerk in the hsrlet Bank since fesuary 1854 knev
ssclstt; on the "a of Dscsmber had son.tbng " "a
With his dsposit boos be asked me IN veuA ras oG
the deposits Of TIE lat aud "a of Dscef dd 20 and
sav wrong deposit carried cut, AMI I foo,~a ~
side colum of fbs account snd Sousd 80 I'D
Short and ,hs other sde eolu $40 900 more short tbs
general column thus e2o of short toA s.eks,. o