Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-08-17

We publish IN our news columns ,hl, morning
some of the details OF che defalcstiun al The
fh,enix Bank, with lis curious. romantic and
tragic incidents. A short time ago Jhe Meroan
tile Bank OF this city was dsfrauded OF about
three hundred thousand dollars by similar spceu
latioLs, Ia that ease the officer. % the bank
ed not know that they were being robbed until
the sudden light OF Windsor 20 Europe alarmed
their suspicious aud eaused An invest,g alton.
Windsor. II will loo remembered was arrested IN
London, aud al English court held that he had
been guilty OF theft. A british Jury distin.
pushed themselves by passing vote OF rsnsufe
upou the managers OF the bank The esnsura
VAS, OF course, deserved, but Ia was Characters
io Of John Bull To hnd fault with an institution
three lAousand miles a~ay, whlle no many rotten
aud mlsfaanaged concerns existed In London,
under his very nose, unFebuked
Scarcely has tho excitement about the Metean,
uls bank died asay when the fh@nix Bank, one
OF the oldeN In the city Is found 10 DO In sim
liar plight, Ia thls ease. as ia the other. the
bank officers knew nothing OF the robberios
which were being committed Windsor stole
about three hundred thousand dolara-ffty thou
sand OF II IN geld-isom the Mercantile Bank
aud jenkins robbed the PhWnlI Of two hundred
aud seventy five thousand dollars, aud yet ia
neither instance was tbs loss OF the money dis
covered until the criminals had confessed their
guilt Windsor 10y running away. and Jeakins in
conversation with the cashier What common
nry Is this upon the present system OF bank
management One would think that It's old
President would rise. phGuiI like. from his ashes
alter such astounding revelations. Since the
bank which lac so long conducted has since been
80 badly managed what must be the condition
Of our other banking Institutions, What .ecu-
risy 90 they give deposltors aud stockholders
that they are not badly OF as the Two recently
n hav 10 aful
nations OF their accounts and the cash on hand.
they can give no such security. The sooner
these Investigations are made. therefore. the
better il will be for the banks aud che public
All those implicated in the deislcations have,
ue believe. been arrested: one has committed
suicide, and the Others. as the evidence seems
very clear. viii doubtless be found guilty and
locked up IN Sing Stag But what Is to DO done
With the bank officers, They are trustees OF the
money OF many people and their negligence has
certainly been criminal Bank PRESIDENTS and
directors apparently suppose that they have no
thing 10 DO but TO SIT IN the bank paror aud dis
count notes. The President receives 4 large
salary, but seldom earns is The whole party
leave everything 20 the cashier, the teller and
the clerks, and We observe how the Windsors
and the ) nkir.es take advantage of their opoor-
tunIIies How can any bank be certsin that il is
safe before L makes rigid investigation! When
stolen from a bank without being missed. We can
readily believe that It's busiRess must De very
loosely conducted The very men who are
placed u ofsce 10 see tina, nothing wrong occurs
shut their ewes 20 the details OF the busi-
ness, sign any papers which may De pre-
scented TO them. and are perfectly contented so
long as they get their dividends. One half OF
the capital stock of the bank may be spirited
away; but they never mics IT,, They too soft
hearted TO suspect anybody and too negligent to
add up column of figures. To investigate any
thing might wound the feelings Of one Of their
employees, and so tbey never doit. To ask to
the book, would break the book keeper
heart, snd SO tEey foE5ear. Ii l. astonishing how
tender laEiness makes some people but 10 is re-
het 10 know t6at such Tenderness is appreciated.
ben jenkins was asked how much money De
bad taken &c declined TO tell "for fear il would
make The bank officers feel badly %" Uafortu
nateiy, We have no such sympathy With their
ssskness IL has been suggested that the best
vay 70 stop railroad accidents 10 10 tie . director
TO each locomotive The best wsy 10 prevent
bank frauds Is 10 arrest or sue one or two ban k
presidents York Herald