The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1859-10-04
A FAST YOUNG MAN.

A clerk in the Fulton Bank New York at a
salary Of 81 900, has been detected in purloning
SCI 700 from that institution. He took large
sums of money from the Bank to indulge his fash
onable follies, kept fine stable of horses in which
he established another man the reputed owner,
in order to avoid attracting suspicion, and lavshed
large sums of money In a manner inconsistent with
a married man. He also expended large sums of
money in lottery tickets, in the hope, probably, of
drawing prizes by which he might replace the
money he had taken from the funds of the Bank
His father, who is cashier in the Bank, it is sup
posed, will make good his sons peculatons but it
will be at the expense of bis own impoverishment
The New York Times, after stating that Lane
who received yearly salary of 5000, is married
man, and that he and his wife lived with his father
relates the following:
After Lanes arrest, on Tuesday afternoon he
accompanied the officers to house which he had
hired at No. $50 West Nineteenth street, at an
annual rent Of $1,000. Here they were intro
duced to young woman, named Meserole, with
whom the prisoner stated he had been living for
three or four years, terms of most familiar init
macy. The mother and brother of the young wo-
man also reside in the same house. Lane con-
versed quite unhesitatngy with the officers upon
his affairs. He said that this establishment which
magnifcently furnished, had cost him vast
sum of money, and his annual expenditures for its
support had been about So 600, though, to avoid
exposure, all his bills were made out in the name
of Andrew j. Sparks, friend of his. After the
introduction to the young woman, officer King
lated to her the nature of the business on which he
had called, telling her he would be obliged if she
would pass to him the valuable jewelry which
Lane had previously admitted to have been bought
with the funds of the bank, and presented to her.
The lady, without hesitation, acceded to the de-
mand, and going to the fire. place, which appeared
to be the repository for her vauables she produced
her jewel-case. In it were diamond cross, which
had cost 81 900, one pair of gold bracelets worth
S475 each, another pair of gold linked bracelets,
five diamond rings, pair of diamond earrings a
gold watch set with diamonds, and other jewelry,
in all worth between five and six thousand dollars.
Next Lane guided the officers to his private stable
in Lexington avenue, near Twenty-frs street.
Here he showed them four fine horses, valued at
S6,OOO-one of them alone having cost 81 300 to
transport from Maine, where it had been purchased
ln addition to the horses were quite variety of
elegant quipages-doub!e carriages and single
wagons, fancy slei9hs and expensive harness. This
property had all been purchased in the name of
MIR. Sparks, for the reason before mentioned.
Lane stated that he had frequently tried these
animals on the road, but had never vet met their
equals at trot. The officers wondered that the
sportsmans taste of the prisoner had never led him
to purchase yacht. He had often thought of that
he SAID, but truth to tell the time he could devote
without tear Of detection to his illicit amusements
was SO short that the pleasure of Yachting had to
be necessarily foregone. Calling next to the resi-
dence of Mr.. Sparks,a trunk found there was
seized by the officers Lane had placed it there.
1t contained drafts, securities, and accounts he
longing to the Fulton Bank, but whether of value
or not failed to transpire. Lane also told the off,
GERS that he had expended large amount Of money
OF late in the purchase of lottery tickets A short
time ago ne invested in one day 81 900, and upon
another occasion for two weeks every day he bought
oes Sc oo 10 the amount OF $3.50 He drew prize
OF so,ooO' aad that had been all the return the
speculation had made him. Disguised at his in.
fortune, he relinquished the amusement.