The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-09-24
AAr"'y bank DefalcatiO .Career of n r.

ne defalcation of So, 900 in the funas -
.he fuiton Bank, in New York, by wm =
Lane, Jr, the transfer and foreign note e,ar,-
was houced yesterday. He is about tuar.
eignt years of age, and the son of the yen.ra
Die cashier Of the institution Tboupb . ,na-
fied man, he had become enamored of a lora,.,
oi extraordinary beauty, and TO this circu,n
slahce, taken in connection with the ssxar,.
Iastest mode of living, is attributed his fall
ihe Herald thus describes the saod.v a,,.x..-..,.
Of the defalcation
ne Is charged with representing to his f,thar
tnat ne was the agent of A. b. Dean = c e,
Wv Jersey ana pretended to collect bills re-
ceifanie In Boston, Philadelphia. and Rai,i
more Ihese bills, it is supposed he ,Uc,,Ta
enter on the books of the bank to the ereait -
ms father, and when they were supnosed ~
DE reaiIzed, received his fathers checks IN
me Fuiton Bank for The proceeds. To prevent
any discrepancy from occurring. it is sunnos
ed ne made fictitious accounts current with
the banks IN neighboring cities, which in bis
capacity as clerk, enabled him to forward sinh
sttute accounts for those furnished by the
general oook-keeper. He would sometimes
iease actual bills receivable UNCHANGED for :;
lew Gays, sufficient TO cover the deficiency.
which would otherwise he shown
In this way Lane may have been enabled tn
graufy his extraVagant tastes by keeping a
mistress IN magnificent style, and sporting
ihe horses anu equIpages on the avenues
may have gradually become emboidened aud
plunged into frauds by wholesale He rented
the house, No. - West Nineteenth street. in
which Miss NJ, his alleged mistress, dwelt
ana paid lhefeior the round sum Of s ,0UU an
nualiy- This mansion he had fitted up in the
most gorgeous manner, aud therein he kept his
fair namorata--it is SAID with the knowledge
OF The mother, who lived with her daugh ter
appropTlating some $1,000, or more, probably,
Tor the expenses The most las Shionabie es-
adjustments on Broadway Were ransacked, it
is SAID, to obtain rare diamond, and costly
Jewels tor the adornnlent OF his fair ones
person; and Lane. it Is now alleged, might
often be seen in company with the partner of
ms guilt. driving on The Bioomlhgdale road,
and ontshining almost all In the splendor OF
his turnout IL is stated that he had a livery
establishment in Lexington avenue, in which
he kept four splendid steeds, which cost up
wards of S6,oUG, and also several carriages,
with harness and trimmings to match. To di-
vert suspicion from himself friend pretended
to be sole proprietor OF this luxury, but Lane
it is alleged, was the owner DE- tacto, at least
the partner. Lane also silenced ali suspicion
whenever it was limited that he was spending
more money than his salary as n clerk would
warrant, by giving out that he was receiving
Il handsome remuneration from his New Jer-
sey agency, and that he realized considerable
by employing his leisure hours as Il book
keeper.
admitted TO the officer who arres ted him that he
expended $1,000 one day Tor lottery tickets and
for two whole weeks he allowed himsei f no less
than SS25U per diem for the same purpose lie
says he was an extensive loser having drawn
but once prize. which was worth S3Utu. As
an illustration OF his extravaganza it is assert
ed That lew weeks ago he had $1,000 i'll cash
bat At the time of his arrest not 4 cent of this
remained, ana ne was unable to say how he
had disposed OF it.
On last Monday the complaint was made
against Lane by Mr.. Joseph KernCchaD Presi-
dent OF the bank, and officer King of the Lower
Ponce Court, arrested the accused immediately
after the closing of the bank He WAS taken
before Mr.. kernOchan. and Boards of Direc tors
and seeing it was idle to hide his fraud any
longer, confessed, his guilt immediately The
oiflcer then went with him to the home of his
mistress, West Nineteenth street. where s. 600
worth OF diamonds and lewelry were surren-
dered TO the officer by the lady at the REQUEST
OF ler tallen paramour. These yaIuabies con-
sisted OF u diamond cross which cost < .O4kj q
par OF gold bracelets worth ste each five
beautlIul diamond rings, two pairs ofdiamond
earrings, gold watch, and other articles of
smaller value.
On yesterday afternoon the officer visited
NO. ~ Fourth avenue, aud seized trunk be-
longing 10 Lane containing drafts, securities
ana other documents OF the bank. The horses
ana carriages OF the accused were also put in
the safe keeping OF the authorities and Alto
gether about S2U, 900 worth of the alleged dis
honestly earned wealth has been recovered
lhe prisoner is at present occupying one of
me square apartments at the Tombs. His
father, it is said, is bondsman for his son to
tle amount OF Siu,UG0, and the bank holds his
checks for the amounts drawn from it upon
the fictitious securities. He. therefore will
be the greatest loser by his sons operations-
lie is now IN 'the seer and yellow leaf being
seventy years of age. nearly half OF which he
has been cashier OF the Bank,
The accused takes his fate q lite cooIiy and
does not seem to have a doubt res especlinc his
acquittal.