The New York herald., 1866-08-05
ALLEGED DEFALcA1loN m WALL STREET.

Sudden Disappearance Of Salesman In q
sugar House-It Ii Alleged that He Carried
Away Several Thousand Dollars that DID
Not Belong to Hias-Statemept OF the Pres-
dent of tho Company, &c.
Wall street Is not Wall street unless II can have .
sensation, and no sooner has the memory OF
great robbery become dimmed than another looms
into sight, 70 startle the community for swhs,.
until II fades beneath the rising OF . fresher
sensation. Indeed, Mcawber-likc, Wall street s
continually waiting for something to urn up and bs
the nine days wonder OF the city. Tho Lord robbery
case was q rather extensive undertaking the part n
the sharpers, and consequently the sensation arising
from Il was OF unusual duration. The people had,
however recovered their equanimy with the discovery
Of the thieves and for nearly three months have been
anxiousy awaiting the startling intelligence Of another
gigantic affair OF some kind That intelligence was made
known yesterday.
The New York Steam Sugar Refining Company Is the
victim In this instance and tho alleged successful ap
proprietor Mr. Isaac Whittcmorc Dean, is employed as
salesman in the Office Of the company Wall street
The President, Mr. Peter Moler, Is gentleman Of
wealth, his last annual income being given the
nue. returns as SIZE, $50. BY what sales
allowed extensively to handle the funds os
the company tcll information on the sub
juct perempory refused by all pecunarly interested
In tho matter is however evident that departcA
agent did hold position OF trust for very large sum
missing, and in all probabilities will be
HOW THE APPROPRIATION WAS COMMITTEE.
appears that Mr.. Dean, being the salesman OF the
company, was the sole medium through whom orders fos
goods were given. n Messra so and So required oos
thousand barrels Of refined sugar Lis order necessary
TO obtain from the refinery, and other could be
obeyed The plan adopted by him under these
stances, II IS reported to order goods than
needed, and the surplus thus obtained shipped
and sold on bis own Individual account. This would
have been task to perform had his suneror care
fully examined his books, but they probably had great
confidence In his honesty, and neglected this pre-.
caution. But whether from Indifference from
a too implicit confidence In tho fidelity Of
the salesman It appears that he was seldom
questioned respectnc the transactions OF his department.
Of the bus ness And so months rolled on, and every
week must have added 20 the 0ss OF the company and
the income Of the empove False orders sent iur
and the surplus sold for his personal benefit and
II Is probable that time passed and no sign OF
his guilt discovered, the bold spectator com
menced to grow Indifferent u detection The sale OF
riches ard he performed the last fatal act which, being
discovered compelled him to ny the country, and thus
sci Wall street in the very hroes Of its periodical sensA
tiona
short time ago & the cast sdc OF the city
purchased bill of goods from the salesman wiio1
amounted TO $4,000 thirty davs credit. Instead oS
accepting the bill the ahscnt salesman persuaded tho
buver cash the bill heavy discount The groces
did question hs right to dispose Of the bill q, such
discount and the bargain wa closed TO the apparens
salts a OF both are, Tnsn sns e e eesss n dSs n
after the money. and the grocers exhibiting
OF his vouchers The whole anar came cut, and
DorTHD
OF course when last Wednesday the above men
toned fact discovered, the head buyer and conu
frauded the company. Overwhelmed at this eud-
den disclosure Of his nu. Mr.. Dean imp!ored the
dent and he would make the money good on that day
But after having appropriated the funds The sales
man COLD not reconcile his mind to yielding ap
his III gotten booty Instead therefore Of doing az hs
promised the salesman took COACH in which he drov6
TO ha house, at No 14i West Twenty irsi stree, and
instantly packed up his trunk. The steamer was shortly
TO leave and having time make any explanations u
his wife he merely bade hor goodby and odvised her 70
take Of herself After thus parting he entered the
carriage and was driven er,
waKkf HAs ros
ff the driver of the coach can be relied upon Mf.
he drove him 10 the dock where San Francisco steaes
was ready To start This statement however. mus be
received with many Grains of allowance, for II is hardy
probable that alleged dalaulfor would 'absoond o
any point In the United States where TELEGRAM could
reach advance of him, his before hs
can land. II is quite likely that he has gone to some
foreign port.
THE'AMoUSr ARsrnArrED
II IL stated by somo that the loss is not less than
$3.50 000 hut there believe that II viii not
exceed ss60OO At any rate whether u be the nrSt %
last amount i as has been stated he has carried -
$50 900 with him he need no, feel the least apprehen
siys Of being reduced 10 want at An early date
HE LHAvgs PANTY
Mr. Desn has left in this city wife and an interesting
family Of i've children.
Detectives are on the track Of Dean, aud with some
hopes Of successfully tracing him to his present abdog
place.
STATEMENT or PRESIDENT THE CoMrASr
II is apparent from the rctcence Of the members OF
the firm with regard ~ the subject OF the embezzcment
that they not desious of having become matter
OF great notorety. An interview with Mr. Peter Moer
the President OF the New York Sugar Refining Company,
Mt late hour last night ELECTED statements TO the fol-
lowing enect:-He said that definite Information
could be given with regard 10 Deans operations.
or his Whereabouts at present. He denied that he
had defrauded the company 10 the cxteut
OF 600 $50 00O had been reported tha, he
company's funds On the contrary, Mr Moier stated
that according 70 his ipormaou Dean borrowed money
from his friends with which 10 pay his passage from the
country, and protested that the company In bsfut
ignorance concerning any fact connected with the mat
Ter The embszzling employ. has gone from their
gaze most likely to join the Swartwouters, who have
colonized certain localities in Chile.