Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-11-20
The Latest New York Bank Defalcation.

We have heretofore stated that an officer in the Gro
GERS Bank in New York had been charged with being
defaulter for $68,0OO. This bank suspended few
days before the general suspension and was placed in the
hands of receivers The New York. Herald gives the
of the officer Clark the assistant Cashier and
paying teller, and adds
AT the time of the suspension the directors suspected
from the state of affairs that there was some other
besides the hard times, but positive clue AT the
stated monthly examination the balance sheet of the
cashier has been repeatedly made to correspond with the
deposit account the entries being properly footed up
By means of false entries and certified checks it now
appears that Mr. Clark has made his balances CORES
pond with the general baanceheet at the beginning of
every month"; his entire charge of the books in this de-
partment aording him every facility AT present he
appears to have been carrying his operations but for
eighteen months, though it is possible he might have
been pursuing the plan since his first connection
with the bank in 1851, more than six years SINCE
About ten days since Mr. Clark obtained leave of alb
sence in the country on the plea of needing rest from
the exciting labor of the past few weeks and it was
until after his departure that the decation was made
known 1t is said that he has gone to New jersey and
that the officers of the law have clue to his wherea-
bouts. The papers have already been placed in the
hands of the district attorney for his action.
MIR. Clark is the son of eX-1nayor Clark and Young
man-not over 81 years of age. He was formerly a
clerk in the North River Bank and left there at the
formation of the Grocers Bank, being offered more
| remunerative position. He was always considered an
counts have always before been found correct He left
note to the directors stating that he had been deceived
by friend and it is stated that about $4,000 worth
of notes and checks of personal friend of his which
proved to be worthless were also left If the latter
statement is true may account in measure for the
disposition of the money, it is not supposed that he
has large amount with him. The amount of proper
ty standing his name not ascertaned though doubt
less there is not enough to save the bank from loss-
His bondsmen are sureties for $lOOO0 which is consd
cred good.
Mr.. Clark had rather snowy wife and three or four
children and has within year past moved from small
house in Pacific street, Brooklyn, to splendid brown
stone house. which he has built in Clinton street. near
Pacific. His living considered rather fast
and many of his acquaintance wondered how he could
live exravagantly salary not varying far from
$4,000 per annum. Yet his expenses have been esti-
mated at at least 1000 per annum. He had fine sta
BILE and fast horses and seen often on the road
times betting His house was furnished in fine style
including an expensive billiard table. Himself and fam
lily always dressed WELL and spent considerable money
This was explained by current rumor that his father
who is repued to be wealthy had loaned him money
He not deeply in debt far as can be ascertained
One of his creditors said he esteemed him his safest Gus
toner, and had generally the reputation of being a
prompt paymaster