New-York tribune., 1867-08-17
ANOTHER BANK DErALcAuoM

THE PAYING TELLERs' DEFAULT To TIE AMOUNT
OF S950O0-CAID FROM THE PRESIDENT OF
THE BANK.
Yesterday the financial circles of this city
much startled with Of heavy dciacntons by
the paying tellcrs Of tho Tradesmcns' National Bank
corner of Broadway and Readcst. OF course these
were is usual in such much Eaegeratd
Trustworthy reports however show that the dcfcations
indeed large amounting In all 20 about $4,000. The
The defaulters James Arnold and - Baker, the first
and second telers have been employed In
the bank over years They have until this week
enjoyed the unlimited confidence OF the bank Officers,
Tney both married men, and both are about 30 years
OF age What could have led To the crime WITH which
they charged is st mystery. They have both been
hitherto regarded upright citizens free from the dist
patiOns which have 80 often ruined men 0i thrr ca IN
this city, and altogether regarded as really worthy oi the
trusts reposed IN them Not suspicion OF their lack of
integrity had been raised uH TUESDAY OF IHis
week on that day one Of the clorks OF the
Receiving Teller Arnold He communicates this 10 The
President OF the bank who Immediately held an inter
closely concerning these accounts was Very nuch con-
fused and az last admitted that he ala not kno" now
ton when it found that the bank had boen derauded
the two Tcllcrs In the above named sum OF S5ooO
Of four or i've years had been acting in cOlusion.
Although the fact that a dcfalcauon had been
known till yesterday morning that collision had existed
between the teers. BY any well ycrsed In the
that these frauds could not have been easily corrected
except BY such such S OF the HGsaF Sase
ent could not easily be geented so long Is 81 tho & 6ooE Ks
brief, was this When deposits were placed In
the hands OF the Receiving Teller, he would
make false entries I'm his books. lie frequently postponed
balancing his books till the morning following the time
the deposits made The Paying Teller Of course had
ample time 10 make his books tally with Receiving Tol
lers In banking In all other business Of course trust
must be reposed somewhere II simply impossible for the
general officers OF bank 20 know at the time, OF every
deposit made. The Teers in this case OF course, were
trusted. Had been honest, the crime OF the other
could not have escaped speedy detection. The Board of
Directors Of the Bank will hold meeting on Monday
with reference these defacatiOns. The defaueIs for
obvious reasons, have not yet been arrested. The
President OF the Bank publishes the following card
TRADKsNESs NATIONAL BANK NKwYoRK aug 10, 1861
Exaggerated FunO reference delcaton th, bank being
rife the anxiety aud apprehension Of the stockholders AID
public duty state that owing 70 the dishonesty and col
fusion of the ies (sho enjoyed the confidence Of the
officers Er period Of thirty years, they have
beeu enabled duifaud the bank amount nearly
equ Of +95O)9 This has been effected n at
ordinary foresight oers could have persned and 10 is
that their confidence should llye been 49,
The surplus Of the bank upward Of Ei5O0 viii be e1'd
a. lie rteut n As only the bonds defautng oers
Ia, 10 this amount PIsdclL