New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-14
THE RHODE ISLAND BANK DEFALCA-
IION.

FroA The Providence J0tr5as Eco. IL
The community were startled Yesterday morning BY
the ann that Daniel c. Kenyon the Cashier
of the Rhode Island Exchange Bank, AZ East Green
wich was defaulter to that nstta,ion TO q large
amount, as well to the East Greenwich Savings
Bank, of which corporation he was Treasurer. Tho
discovery Of the embezzement was made by the Cash
Ter of the Merchants Bank In this city. That bank
had received information from New-York that the blls
of the Exchange Bank had been by pothecaed in Wall
street to raise funds. Az there had been repessed
charges against the bank at the instance Of The man
sgement Of the Merchants Bank, the Cashier went
down to East Greenwich on Thursday 10 satisfy HIM
self of its actual condition. The first evidence Of
wrong was found in q discrepancy Of q number Of
thousands of dollars in his account with the Mer-
chants Bank; but examination OF the
note account was made which disclosed deficiency
of scme sos 000 concealment was no longer possible
and he conferred TO Mr.. Robbins that he was de-
suler. He also confessed that he had added 70 the
crime Of stealing the still greater crime Of perjury
On the 9Th inst, in the return he made 10 Che bs2s
Auditor of the condition Of the bank he had sworn
that the circulation was $l9 6S when 10 fact II was
1876, when they exceeded the sum Of &i2 000 The
whole amount of his defaicaton 10 the bank 10 about
$4,000. The capital Is only $6o,ooS.
Bilholders will not be loeers BY the dishonesty OF
Kenyon. II the circulation u not greater than now
believed, the assets of the bank will pay q - well as
the deposits. But, if there should DO lack Of assets,
the stockholders, among whom are many men OF large
property, are personally liable for the deficiency.
Kenyon has Also confessed that be has robbed tho
East Greenwich Savings Bank Of 80 one.half Of
the whole amount Of it's deposts. Those deposits
were the savings of the industrious poor IN his neigh
borhood and this fatAlessnsss 70 most sacred trus
will bring upon him the exeeraton Of many ready 70
perish. -
KENYON alleges has been wholly lost In stock specula-
tons He commenced his stock gambling some years
ago and was at first successful having made so 900
in bis early operations. His losses have been In Eric
Railroad and in mining stocks. His Dishonesty Is the
more surprising he has always borne most excel
lent character and his style Of living prudent AID be-
fitting bis station. His aged father, Mr.. George Ken
yon, well known In Kent County, is his bondsa,an 10
the bank for $l5 600. Mr. james h. Pierce, t1 Pres
ideDt of the Exchange Bank, his bondsman TO the
Savings Bank in the sum Of $4,000.
Gov. Turner yesterday appointed Shubael Hutehins
and Henry Anthony Of this city, commissioners to
make an examination Of the Affairs of tho bank. They
will ut once report lite condition TO the Supreme Court,
when an injunction viii undoubtedly DO issasd, and
receiver be appointed 10 wind up its atiairs
From TAs PyoVideses Poet
nv. Kenyon Is a young man, who has been suppose
to possess hi business talents snd who has enJoyeo
in eminent degree not only the confidence OF A en-
poyerr, but that Of the entire community m when ~
resided That one full Of promise should thds mtS
sbipwreck Of his hfe is indeed deplcrablei and SUI
is the when reflect that IN bic faii no NJ
brought iuin and distress to many who bad relied upon
bis hone sty Mr. Kenyon frankly states that NJ oener
living soul has known Of his Illegal acts, o. SIN
way implicated in the transactions which No no"
vulges. Lad on by the hope Of gain, ne has sons
ward step by step and deeper and deeper N me srX
until at last the black cloud Y shut down npon ns
be finds himself and his innocent fissnds iaSo''s"