, 1866-08-08
ALLEGED DEFALCATION IN WALL
STREET.

suaoen Disapenranee OK salesman In
C S.a. .A"us s- A. N 41iarseo tn1. 1.e
@hflea 4ANay scscfoa Aho"tah0 DoA-
mrs tnaf did not Relon@ to Hun
St"tc"eut OIL Tie RfeAioehe OIL the Conn
pnnS' &C.
From the New York Herald, August Sth.1
Wall street is not Wall strcet 1,nIcss il can
hnyc sensation, and no sooner ias the mem.
than inothcra oolns into slght, to startlc the
community for awhile, until it falCs beneath
the rising sun Of 4 .ircshcr sensation. Indeed.
5ffcawb wbcr-1ikc, Will street is continually
waiting for something tn *'turn UNI and be
the nine days wonder OF the city. The Lord
king on the part Of tho sharpcrs, and consc.
qucntly the sensation arising from it was Of
longer duration. Thc: people, had, however,
recovered their cquanimity with the discoy-
lave been patiently awaiting the startling
intcll1genc of another gigantic af1afr Of some
kind. That Intelligence WIS nadc known
yesterday.
The New York steam Sugar Refining Com
pany is the victim In tllis INSTANCE, nnd the
Wbittcnlore Dcan, Is employed Us salesman
a! IN the office Of the company on Wall street.
| The President, NJ. Peter Mollcr, Is gentle
utAn OF wealth, Ills last annual Income being
given In tue revenue returns Us Bile; -: By
what n1cans mere salesman WINS allowed 80
extensively to handle the funds of the cotn-
pauy no one can tell, as information on the
| subject Is pcrcmptoFilY refused By MI pccuhi-
| arily Interested In tue niatter. II il, how
| ever, cy11rnt that the departed agent did hold
! a position Of trust, for very large sum is
missing, and In all probability never VIII DO
| recovered.
| HOW THE APPROPRIATION WAS COMMITTED.
1t appears that Mr.. Dean, being the sales
through. whom orders for goods wero given.
| II Messrs. Soanl+So required one Thousand
/ barrels Of rrtinea sugar. Ills order was ncccs.
ealy 10 obtain 1t from tic refinery, and nnne
other could be obeycd. The plan adopted
! By him Under these circumstances, It is re-
ported, was to order more goods than were
| needed, and the surplus thus obtained wus
shipped and sold on Ills own Individual ac-
conllt. THIS would have been no easy task
to perform had his supcriors carefully
examined his bnoks, but they probably
lad great confidence fu his honesty,
ard neglected this pEecaution- But
whether from indifference, or from
Il too implicit confidence In the fidelity OF
the salesman, 1t appears that he was seldom
questioned respecting the transactions Of
months rolled on, md every week must have
added to the loss of the company and the IN.
come Of the emp3oyc. False orders werc
sent In, and the surplus sugar sold for his
personal benefit, and 1t is very probable that
us time passed on, aud no sign of his guilt
WIS discovered, the bold "spcculator" com
mcnccd to grow Indifferent to detection
The salc. Of surplus sugar could not hav,
contcnted his desires for riches, and he per
formed the last fatal act, which, being dis
covered, comrcllcd him to tly the country
and thus set Wall street In the very tliEoes 0
Its periodical sensations.
now THE DISCOVERY WAS MADE.
a short time n1o grocer on the east sid
Of the city purchased bill Of goods from
the salesman, which amounted 10 s., 600, Q,
thirty days credit. Instead ofucccptiny TIL
bill the absent salesman persuaded the bnye
to cash The bill at a heavy discount: Th
J grocer d!d not question his right to d1spos
+ Of the blli At such q discount, and the bar
Of both parties. When the bill became du
, / collector Was sent from the Treasurer
: office Of the company after the money, M,
: on thu groccr's exhibiting Of his voucher
, the whole affair came out, and
THE DEFAuLTER BoLTED.
, OF course wien on last "Wednesday tn
i. above mentioned fact was discovered, til
head buyer and confidential clerk charge,
: the salesman with having dcftauded III
company. Overwhelmed It this sudden dis
closure Of his guilt, Mr. Dean implorcd th
: buver not to mention what he had learned /
III Presiilent. and he w0,,id max. tb,. none
; good on that tlay, But after having apprG
Hr;atea The finds the salesman r0nf,i no
rcc0ncile his mind to yfeldiur IN his i1l-rot
: ten booty. Instead. therefore, Of doiuS d
; be promised, tic salesman took a coaci1, i
: WHICH he drove to his house, nj No. Ill Wcs
, | Iwcnty-tIrst street, mud instantly packed u
, | his trunk. The steamer was shortly to leave
, and having no time to make any explana
. tions to Ills wife, he merely balc her good
bye and advised her to take care Of kcrscl
!! A1tcr thus parting he entered tho carrsag
/ and was driven off
) WHERE HAs HE GONE Tos
II the driver Of the coach can be relic
c upon: Mr.. Dean has gone to California, til
r nun having stated TINT he drove him to Il.
dock. Wlcrs san g. francisco steamer va
Z ready to start. This statement, however
!. must be received with many grains OF allow
q nnee, ior It Is hardly rEobable that an alle!
f Ga &c Gefan!ier ! wonld abseont to any pol,
/, III the untca states where telegram conl
t reach in advance Of him, and cause his arrc:
# pslore ae can !ana. y y quite llkel
# that he has gone IT, some loressn port
Il TIE MOUNT AnsIkAG1Ep;
y ssatG9 81 py s1nH tnat tnc loss - nos e
a rnn,a ri M, pnt ~ tMer@ ] ats az S"os Gno %
reto ,.rti,o" 4 ha 80 ~ - ~ ~ a
e ;rss, "Metea a I ~ W ~ MI " LIS anl9un
: -, " w. 'as oStM statsu, ne h.s Sa1sc1