Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1859-09-26

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Heavy Bank Defhlcation-Caree OF Fast
Man
Tho defaication of SCI. 900 In funds Of be Full.
| ton Bank. In New York. by VIM. J. Lane Jr.
the transfer and foreign note clerk, was noticed
yesterday. He IL about twenty eight years Of age
aud the sn Of the venerable cashier Of the ins.u-
ton. Though married man, he had become en-
amored nf a lorette Of extraordinary beauty, and
20 the circumstance, taken in cnnnection with the
very fastest" mode VI living is attributed his fall
| The Herald thus describes tho nodHs otcrdndI Of
| tho defaleation:
lie is charged with representing 10 his father
that he was the agent of A. b. Dean Co.,of New
Jersey, aud pretended 10 collect bills receivable
iii Boston, Philadelphia, and Baltimore. These
bills, 1t IL supposed, no would enter on the books
Of the bank, 10 the credit Of his father. and when
they supposed to be realized. received his IA
Tiers checks on the Fulton Bank for the proceeds
To prevent any discrepancy from occurring. IT IL
supposed lac made fictitious accounts current with
the banks in neghborns cities. which in the ca
pacty OF clerk, enabled him to forward substitute
accounts for those furnished by tho general book
keeper. lie would sometimes leave actual bills
receivable unchanged for a lew days, sufficient to
cover the deficiency, which would otherwise he
shown.
In this way Lane may have been enabled to
crafty bis extravagant wish for keeping mis-
tress in magnificent STYLE and sporting fine horses
and equ pages on the avenues Beginning with
small cmbczzemcnts, he may have gradually be-
come omboldencd and plunged into frauds by
wholcsal". lie rented tho house Nov ess
Nineteenth street in wli:h Miss NJ, his alleged
mistress, dwelt. and paid therefor the round sam
f$l.Wn annually. This mansion he had lifted
up in the IN ut gorgeous manner. and therein he
kept his lar inampria 1t is sad with tie know
lpdp Of nt hpr ~ Il "
-appropralns some 1000, or more, probably,
for the expenses. The most fashionable establish
mehts an Broadway were ransacked it is said, to
obtain rare diam and costly j.wels for the
adornment oI his fair ones person and Lane it is
now alleged, might otten be seen in )mpany with
the partner of his guilt, driving on the Blooming
dale roal and onshining almost all in the splen-
dor of his turnout. 1t is stated that he had liv
cry establishment in Lexington avenue, in which
he kept four splendid steeds; which cost upwards
Of Sc 00O mud also several carriages, with harness
and trimmings to match. To divert suspicion
from himself friend pretended to be sole propri-
etor Of this luxury; but Lame, it is alleged, was
the owner DE facfo, or ut least the partner. Lane
also -Ilcnsri all >uspic!an Whenever it was limited
that he wns spending more money than his salary
clcrk would warran', by giving out that he
was receiving handsome remuneration from tho
Now Jersey agency, and that he realized consider
able Iy nploying his lelzure hours us n book
keeper
lie also. it is said, dahbled in lotteries. lie I'D
mitted to the oticcr who arrested him that he ex
pended ~ 900 ono day for lottery tickets, and for
two whole weeks ho allowed himself no less than
$3.50 per diem for the same purpose. lie says he
was extensive loser, having drawn but u
prize. which worth 5000. As an illustra-
ton of his extravaganza. 1t is asserted that few
weeks ago he had $4,000 in cash. but OF tho time
of his arrest not cent of this remained, and he
was nnable to say how he disposed Of it.
On last Monday the complaint was made against
Lame hy Mr.. Joseph kcrnochan, Presi lent of the
bank. and officer King OF the Lower Police Court,
the bank. lIo was taken before Mr.. Kernochan
and board f Directors and seeing it was idle to
hide hrN fraud any longer. confessed his guilt im-
mcdmtelv The officer then went with HIM t., the
home al hi mistress. West Nineteenth street.
where 81 u6n worth of diamonds and owcry were
surrendered t, the officer by the | .ly Mt the re.
quest Of her fallen paramour These valuahlcs
con, srcd # "A diamond cross which cost 81 900. n
pai, OF sold bracelets worth $40 each, five beau
tiiGul diamond rings two "pnirs of diamond ear
dr,,.. n .,ll watch md other articles of smaller
vniue
q, Yesterday ,Ctcrnoon the nfE,ers visited \, 0S
Fo.rth me,.uc and seized a trunk teionring to
mcn,s Of the bank. The horses and carriges Of
the accused were also put in the safe keeping of
the auth and alt,rether about $50 900 worth
of the nle,,el dishonesty earned wealth has been
recovered The prisoner is at present occupying
one ofthc square apartments ut tho Toombs His
father it is said is bonasnan for his son to the IL
mount ul SIT, 900, aud the bank holds his checks
securities lie, therefore. will be the greatest To-
scr hy his son's operations. lie i. now in the
seer and yellow oal,' beng seventy years of age,
ncurly half Of which time he has been cashier Vt
the Bank.