Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1859-09-27
Dedication in he Fulton Ban&. cew York

\ serious GeG,Icaticn in the Fulton Bank,
New York. was made public on Wednesday.
The New York Commercial gives the following
statement Of facts in the c..,c:
William !. Lane. Jr.. son Of tie venerable
aud much respected Cashier of Tie Fulton
Bank, and actin. Is an assistant clerk 10 his
father, has perpetra;ed i series Of frauds by
which he has obtained money amounting i'll
the aggregate 10 $500 -. This was effect
cd by pretending 10 be the agent for y. T..
Dean Il Co.. of New jersey, and collecting in
his fathers name bills receivable in Boston,
Philadelphia and Baltimore, which are sup.
posed to be all fictitious.
These bills lac would enter on the books Of
the bank to the credit Of the father, and when
they were supposed to he realised, receive his
checks on the Fulton Bark for the proceeds
In order that there should be 10 discrepancy
in the accounts with the corresponding banks,
Young Lane would leave for few days actual
bills receivable unchanged sufficient 20 cover
the deficiency which would otherwise be shown,
and II is supposed that when the gcHcral book
keeper of the Fulton Bank made out his ac-
counts current TO be forwarded to co!rc>pon-
dents, Lane would make a fictitious one and
forward in is place, his position in the bank
afforded him facilities for the purpose.
The fraud was discovered on Monday eve
ming. since when Lane has been constantly un-
der surveillance. He was arrested this morn
ing, under :. warian; granted by Justice Us
borne. before whom hc has been taken for en-
animation.
Mr.. Lane is married Han, aged about thirty
and without children. He resided with his
father, and though it was suggested that he
was spending more money than his salary as
clerk would warrant, it was accounted for by
his friends on his explanation that he was re-
cciving compensation for the employment OF
his leisure hours rs a book keeper and rs agent
for the firm for whom he pretended to act IN
New Jersey. The money obtained, with the cy-
cep,on OF about $l2 .0cG, which he has refunded
it is supposed, lie has spent IN the purchase oi
lottery tickets, &c. and, rs is common III such
cases, 4 womanS name is mcntiOned--in con-
ncction with whom. however, the delinquent
denies any improper acquaintance.
The fraud las been committed III such Il
manner that the father Of the criminal will lac
the greatest loser hy il. He is bondslnan Tor his
son To the amount Of ten thousand dollars. and
the bank holds his checks for the amount
drawn from il, upon the fictitious securities
From all parties we hear expressions oi the ut
most sympathy for him, the great sufferer, rot
ONLY in his domestic relations. but also in his
pccunary. He is nov an old man, seventy
wears of age thirty of which he has been in
connection with the bark Of un5lcmishcd
reputation, ard remarkable for the vigilant
care with which he always guarded the inter
csts of the institution with which he was con-
ncctcd.
The bank, as will he noticed by what we
have written will be loser only on the con.
tinrcncv that the means nf Mr. Lane senior
are not adequate to make good what has
been distracted Even were 1t to lose the
whole i, would only slightly effect lis condi.
ton, as with its capital Of only six hundred
thousand dollars, its surplus on hand this day
amounts to $279,GIl j..
The Evening Post says:
"Thc suspicious of the President were first
aroused by statements relating 10 Tie default
crs fas, living, &c.
"rhc officers found upon examination that
Lane had pretended TO his father that ne was
agent of 4. T. Dean, OF New Jersey. and was
collecting drafts payable in Boston and Phila
delphia. and being placed to the credit of the
father at the Fulton bank, got his fathers
check for the proceeds. 1t is supposed that he
made fictitious accounts current with the banks
in the neighboring cities, which, in capacity as
assistant to his father, ion salary OF nine
hundred dollars year, enabled him to Tor,
ward substitute accounts Tor those furnished
by the general book -keepcr. He would leave
Tor few days unchanged bills receivable OF
the legitimate business of the Fulton bank
with these foreign banks, in amounts sufficient
10 cover up his own fictitious operations
Lame has given mp to the bank about S|9o
in money, also 81 300 lent his father, as well as
horses, jewelry, &c, amounting in value to
$1,000. The deficit of $4,000 WILL proba-
bly,, he made good by his father Lane says
that he has iealt larrrly in lottery tickets.