Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-08-18

hank Clerk, &C, &c
Wall street bad more than its usual nun
Der Of sensations yesterday. In addition 10 the
Phonir Bank defalcation, which has been dis
cusssd and commented on by the hdbItu,s ot the
street the failure of p. r. Mumford. broker
doing business at No. 10 Wall street, for a large
amount. varisusy estimated AZ from $50 900 10
$500 900. = followed in quick succession by the
rumor that no bad suddenly disappeared
and that hs could not be found by his anxious
creditors. increased and extended the excitement
The gold room Was the scene OF several discus.
sions the merits and sntecedents OF Mr. Mum
ford. and many Of the brokers and business men
declared they had not seen such excitement since
the Of the great panic in 1851. Clouds por-
tend a storm, and the fact that teller in Que Of
the largest banking Institutions down town, bad.
as IL Was rnmored last evening. absconded with
over tlOO.O0O belonging 10 the institution OF
which he was an employe. did not tend TO allsy
the wide spread alarm and dismay IL is under
stood, however, that the friends Of the defaulter
have made good the loss 20 the bank caused by
the dishonesty Of their employe, and the matter
has been hushed up for the time being
The epidemic Is spreading all over the country,
and the World this morning chronicles. in add
ton TO the local cases already mentioned several
other cases OF dishonesty and speculation on the
part OF trusted and confidential servants, among
which We may mention that of A. =. Stone. of
Columbus. Treasurer OF the State OF Ohio. who.
IL seems on Investigation, has robbed the State
Of sos 900, and finally ended his career in a sui
cide's grave. The other case referred TO is that
Of Russell. the Quartermaster's clerk at Louis
vile, arrested in Cincinnati Yesterday. charged
with defrauding the United States Government
out Of twenty Thousand dollars inirusted TO his
care.
Mr.. Mumford IL we'll known on the street.
and has hitherto enjoyed a very good reputation
for honesty and strict business habits On Sat
urdsy last he drew number Of heavy checks on
several banking institutions which. on presenta.
ton. were dishonored, as the paying teller de
clared 10 the parties who presented the checks
for payment that Mr.. Mumlord had 90 effects.
and consequently the paper was thrown out.
There are two sides TO the question, however, az
Mr.. Mumiord friends declare that he has Sin
ply failed. and that he viii not only be able TO
explain the mystery, but also TO pay all claims
standing against him. while. on the OTHER hand,
the creditors OF Mr.. Mumford. who held an ad-
visory meeting yesterday afternoon. assert that
Mr. Mumfords mode of procedure in the premi
ses has been illegal. II not dishonest. and in tr
umph demand TO know why that gentleman does
not appear to answer for himself il he ~. as his
friends state, an honest The case is at
present ssvslnped in great mystery, and in the
meantime matters lock very shaky, and ugly ru.
mors spreading IN business circles. tending TO
an unusual feeling of insecurity. aud IN indie
Enable apprehensve dread Of crisis in the
moneyed circles Of tho CITY
The examination IN the Jenkins dcfacation
cases will be continued to day, and IL is more
than limited that vast new work of organized
fraud and dishonesty will be fully exposed to
public view. im officiating parties in high position
IN the most prominent commercial institutions OF
the city The case of Earle, who committed
suicide Few days ago, Is Que in point. He was
we'll known aud mighty respected by his personal
and business friends. regular member Of the
church. unremittng in his religious duties. aud,
vithsl carrying on a system OF black mail and
dishonest peculalion. which could not but result
In disgrace and punishment.
IL iss problem more difficult 10 solve than any
ever propounded by Euclid how a bank clerk,
with salary of twenty Eve hundred three
thousand dollars year, can keep fast horses,
mistresses. and throw away hundred dollars on
bad champagne once a week or more n a house
ofill-iame IL is but short time since, that
gentleman well known in Wall street. aud hold
ing high official position in the sto,k board,
besides beng heavy shareholder in one of our
heaviest railroad companies. vas publicly posted
on the street, by the proprietor of the greatest
gambling hell 10 the city for refusing to pay
what il termed in slang phrase. his debts of
honor, o. an other words. fifty or sixty thousand
dollars risked IN one night az the ca milling table
Ii - we'll known fact that the proprietor OF one
oil the gaming bells up town, makes bis appear
ance in William and W all streets every morning.
with pocketful of checks drawn in bic favor
the night before, by the different business men
xho frequent his house. night after night until
they become bankrupt, beg sared and disgr aced
BY their accused fondness for play The mania
for play has go thoroughly permeated cur most
prominent business men that enterpr-iug son
OF fortune has rented and fitted up IN the most
magnificent style large aud commodious pri-
vate residence. within shot of the new Even
ing Exchange, on Twenty fourth street, aud
already the brokers have become secus
toned 10 visitipg, in the intervals of
call, the hell across the way TO souander
the thousands made during the evening IN
stocks gold or mashap 70 retrieve run of bad
luck on Change by resorting 20 the feline EN-
brace of the quadruped known as the tiger .
The proprietor of the establishment j. very cor
teous and obliginc to bis customers and nothing
is neglected. IN the way Of luxury aud refine
ment, 10 drown the scenes OF approaching shame
and dshouor. 20 those who foolish enoug h TO
fall into the trap set for them. No one taking a
mere look at the outside Of this hell" can have
any conception of the interior magnhcence and
splsndor of tee house Carpets lounges aud
mirrors Of The costliest and most artistic manu-
facture. ranet the eve on every side and the
rooms are irradisted with soft and glowing
light from splendid chandeliers Suppers superb
and sumpiuous IN their details, aanked By the
choicest sines, and provided for all who enter
whether TO play or look on These suppers and
wines are not throsn away. however. "a il is the
intention Of the caterer 70 get his money back
from the frequenters of The house MANY man
has sat down at those potent tables With halt do1
en- oil wells At his dsposals. and during the course
Of the evening, has risen poorer. II nota wiser
man. 10 begin life anew, or else TO take q plunge
in the Hudson for oblivion and relief from =
maddened brain and conscience The proprie
tore Of these temples Of fortune very oblig
ing 10 their customers long a. they are
deemed solvent and safe. aud Il Is not an unus-
usl occurrence for Customer 10 borrow" five
or ten Thousand N the course of the evening
With the assurance ttai part will be paid
to the victim nett DAY At his ofi-e when the
claim must be settled %. or the alternative of
exposure be presented the unhappy wight
The proprietors have numerous agents seat
tered throughout the city watching and observ.
ing the advent Of willing dupes. who have sud
denly become rich By speculation in oil or shoddv
add whenever the "n'eeon" = obtained he il
forthwith hurried 70 tE- hell" and piled With
vine. preparatory TO putting him through a
"eourse Of sprouts Once brought under the
eontsninating influence Of the gaming table, il