New-York tribune., 1868-05-13
Tne following exhibit shows the average condinon
of the leading items Of the Philadelphia banks tor
VI tIIV IOduIUt IVNII4" U
the nasf and nraviona Yeeki

Ss tscment OF averages for the past week show an
increase OF seO 66g in the deposit line, and loans an In
crease OF eISs15l The legal tenders Increased NeSo,
and fe seeie s3 7 The report OF the business at the
earing House shows an active bank moyemen ana 'no
whole statement shows a steady bank expahsion'
Tho Pennsylvania Coal Company's shipments or
Pittston coal were for the week ending May " 1900,
24s, ,74O tns; 20 same date 1867, 23l 20 tuns.
TIE BOsCn Journal prints the Of 3e ds
of the defacation of the oaser OF lhe Natohai hue
and Leather Bank Of that city:
"The announcement made on Saturday afternoon that
upon examination the accounts OF M James ~ Marsn,
tional Hide and Leather Bank, exhlDted lslge 9e-
clency, excited unusual interest. few years ago. Ar.
A. FELTON,. signing himself as Treasurer OF the Euieha
Company opened an account at the bank In the usua
manner by depositng sums Of money from time to time
and drawing his check against the same. lie made ap.
pcaOns once twice for discounts, but his requests
Tor accommodation always denied. His connection
sStmste transactions but for the fact that in the haste
Of business and through oversight on the part OF MT
Of few thousand dollars. Mr. Martin instead OF notify
ing tho President Of this overdraft ieaTIu Inat .Ie
closure might cost him his situation called upon MI &
ton aud requested him to make his account good Jns
Mr. FELTON, promised to do and when repeatedly argeo b
attend to it, pledged himself to make everything rent
The Withholding Of the fact OF Feltons reguariy from
the officers placed Mr. Martin in false position, ana IN
standing that the should be reimbursed, Mr. Marun
says that he permitted Mr. FELTON, 70 repeat. his over
drafts Checks varying from $40 to g. 100 and 2 200 were
paid aud they came through the clearing mousse nc
able, when in the position OF bOokkeepe 10 suppress
them When no cashier he still continued TO take
charge of the accounts with other banks and ~ - sup
able TO number were retained by him, thus preventing
them from being entered by the bookkeeper By nis-
cation Of the accounts he able TO present the daily
digest OF the condition Of the bank n apparently correct
form. Mr.. Martin has been connected with the 1ank
from ts organization 1851 first as bOokkeeper and for
the past year and half cashier, and during OIL ths
time he has not been away for day Early IN April last
Mr.. Marsh, Vice President Of the bank was handed q
letter from the cashier Of interior bank which had
IDENTIFY been tempered with by tearing on the Dottom OF
eH eeyid PHGs IS that eSndoS M Martin o said hat il had MF
Marsh then for the first time suspected that something
was wrong and &C once wrote to the RaA SasRe
Mr.. Marsh, after waiting day, again wrote, and
by eer from which II appears that the cashier Of tho
Interior bank received the original letter from MT Maft
instead Of MI March, VINO had mcGsea tng Hr teerus aa
disclosure, there was discrepancy OF $500 IN the &C
count Of MS bank obtained the letter IRON the fOst
and inelosng II 70 the interior bank requested
them 70 return II TO Mr. Marsh with the statement mat
was all correct giving excuse Tor initiating the
letter. that in his feeble state OF health he dd not wsh 70
the Interim having teegraphed TO the bank that the de-
feeney OF 5000 which was asded 10 IN tse portion toIh
also IN the habit Of late OF suppresslng nonhy state
ments and retaining in bis possession letters complaining
q Of sgch statement i was SoSa. st th rs
the Darkroom, taken in ne and Obliged 70 remain
at home, and rigid Investigation was then commenced
ON Friday last the magnitude OF the defaealon began %
be apparent Among the papers OF MI Maftlnh Wincn
T " s found IN h ~ PyTS e bank SOI oS Of when we're S
opened while others contained attentions but had neNer
been shown 10 INC lTehlutul
was also found large pile Of checks drawn by A c. fe
ton. Treasurer, portion OF which hnd Pastq lhtoug
the legitimate course OF payment ana were charged 20
the account OF FELTON, There were others which had been
paid and not charged, but by forcing balances ne rem.
dered the possibility OF detection very difficult Letters
were also discovered written 20 tho bank by private par
ties complaining Of inaccuracies, which were either WIN.
held entirety from the officers by sllful elnsuro the
complaints made 70 appear ~ wledgnents OF
the correctness of official Statements In one instance
letter prportng 20 have been written by distant nrm
was found In Martins handwriting, the original letter.
probably finding fault with e bank Tor erro not ayng
been discovered The commission OF the first error led 70
complication OF AFFAIRS. aud step only added TO
the dncutee Of tie Cashier IN his atenpt TO cover up
tho defacaton As tho ret fraud was perpetraten Whe
was bookkoepor, his anxiety since then may pe nn
has been used by Martini " his statement - TO be cred
tied for his personal benefit The investigation which y
now taking placo shows positive ascertained loss OF
$4,000 Martin asserts that II will not exceed tlooO put
FELTON, admits that IL may reach $4,000 An attachment
WAS placed upon effects Of Mr. FELTON, who has place
OF business washlngtonst, opposite the Ola houth
Church"