The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-08-06
REPORTED HEAVY DEFALCATroN
The New York steam sugar Refinery
said to be- VIcttmtzed 10 the Extent Of
$I2O,OO1-Ehe DI DIfAuIter said TO have
NGno 90 CALIFORNIA;.

VVhu 80
1t was discovered on Wednesday last, If rumOr
BE- correct (Ihough for some reason oest kno Wn
10 themselves the officers of the institution vic
tlmlzed refuse TO extend any information to the
reporters concerning lt), that heavy deialca-
ton, or rather mlsappropIatiOn OF funds, had
taken place among the employees OF rhe New York
Steam Sugar Refining Com Odny. The party impl-
Gated is said to be Mr.. Isaac w. Dean, OF No. l4I
Wet Twenty-trst street. Mr.. Dean was the
Wall street salesman OF the Company, and, il
rnmOr speaks truly, has been tor some time
appropriating to his own use large amounts of
the funds that were intrusted to his care. Tle
estimated at from $4,000 to Sl2O, 600. With a
portion of the money thus obtained, it is SAID,
he lett this city on Wednesday last, per steamer,
Tor California. The defaults are reported to
have been brought about in this manner:-
The party in question has been In the employ
ment OF the Company for many years, and IN
ordering sugar from The refinery for customers,
was in the habit Of making his order Tor the
goods much larger than was needed, dispOsng
of the surplus on his own Individual account
The secret Of these netarlous operations is said
TO have leaked out in this wise. $4,000 worth of
sugar was purchased from the salesman by a
grocer on the east side of the city, the aGree-
ment beng that it should be sold on a credit Ut
thirty days. The reported deiaulter, however.
il is said, subsequently induced the grocer to
cash his own bill ut very liberal discount,
which the grocer did forthwith, taking aIproper
voucher therefore. When the oil came 10
maturity collector went from the Company's
Office to procure the funds, when the whole
transaction between the grocer and the sales,
man was brought to light The grOcer's stale
nent was, OF course, carried 10 the Company's
office, and the salesman was at once upbraided
with the affair by the head buyer of he eStab-
llshment and the Company's confidential clerk
He acknowledged the truth of their statement,
but earnestly lmplored them not to int 1rm the
| President OF the Company with regard 10 ii,
stating that he would make the matter all right
| the next day. Thursday last). In consequence
NJ no inf IN
| the President, supposlng that the money would
| be forthcoming. 1t was not, however, and the
| facts in the case were made known to the
| President Mr.. Moller, OF NO. 3l9 Fifth avenue.
| Rumor has it that no sooner had Mr.. Dean left
| the buyer and confidential clerk on Wednesday
| than he jumped into coach, visiteu his resi-
| dence and after hastily packing trunk, was
| driven 10 the pier from which the Calitorn "a
| steamer sailed. This statement comes from the
| Coachmar, though many believe that he was
too sbrewd to have gone in direction where
notice OF his alleged peculaton would have
been given by telegraph long before ne could
set loot on the shores of the Pacific slope. Tina
| he has gone 10 some foreign port, or that h(
is yet secreted in and about the city, seems
much more probable in many minds. Fifty
| thousand dollars is about the reported amour
he is said to have taken away with him, wher
| ever he may be.
Mr.. Moller, the President OF the Company
says that no definite information can be glveI
with regard to Deans operations, or his where
abouts, at present. He denies that he has de
frauded the Company to the extent of $780,
or $4,000, as had been reported, or that lie tool
away with him any considerable amount of tn,
CompanY's funds. On the contrary, Mi. Molle
stated that, according to his information, Deal
borrowed money from his friends with which t.
pay his passage from the country, and he pro
tets that the Company are in blisstu ignoranc
concerning any facts connected with the ma
ter. Whether the Presidents statement or rom
mon rumor be correct, of course time will tell
Mr.. Dean leaves behind him a very interes
ing family, consisting OF a wife and five CHI
dren.-N. Y. Daily Neos.