The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-04
GIN IN 4 BANKING HOUSE.
The Merchants Exchange Bank DefnIcs Il on
and One Of its side Reyelations-Tbc
Cashier Of the Bank Of sOmers In the
White Plains Jail-TemperanceL Lecture
for Wall street.

for Wall street.
Prom ne Comnsrci1I Airertiscr.
New developments regarding the late picadi-
loes Of j. &. Oakley the deaultinG cashier OF the
Merchants Exchange National Bank, arc coming to
light every day. The country banks that kept their
deposits there are busy examining their accounts
with that institution. and are irving to make their
footing good. The Farmers and Drovers' Bank Of
Nc Hs S.SoH Of WICK Mr. t rsGd
The bank has always kept its deposits in the Mer-
chant, EHehanEe National i Bank, upon WHICH, as 4
has been connected with the bank FOR term OF
years, and has always maintained good reputation.
institute, and admired by large circle Of friends
Lately, however. he has fallen into bad habits he
has showed s ms books n ~ 60 u9PGssd ana general
have gone on for time much TO the dissatisfaction
OF every one, himself included, as shall be here
after.
About this time the end OF the month arrived, and
with II the statement ~ the Exchange Bank from
New York. and there they found that $4,000 had
been taken from that place in their name by some
one without tier knowledge. One OF the Directors
Immediately came to this Sly 70 see about IT, and
account good. This setllei the AFFAIR between the
two hanks, and as the finger of suspicion pointed at
arrested. In this matter he was disappointed. BY
this time MIR. Hill had got himself and his books m
such state Of confusion that he was afraid 20 at
tempt clearing NJ, so he did the next best thing
he went on drunk He continued It for a day or
two, and feeling particularly ont of sorts he con.
$50 In his pocket Of this he gave his wife $40, and
thea started for New York
After arriving here he continued 10 BALTIMORE
without letting any one know Of his whereabouts.
The morning he went away, the director with war
rant arrived at bone, but the bird was gone.
Nothing was known Of him for some u'ne, until an
acquaintance, having seen him in Baltimore, wrote
TO that effect TO his father at New Haven, Conn An
Officer was sent to Baltimore, where he arrested and
returned him 10 Yves chester county, and locked
him up in the Jail at White Plains. There he has
been for many month, loudly protesting lis limo
cence, refusing TO give bail
In the meantime the deialca,ions Of j. f. oakley
came 10 light, and the Bank OF Somers asked for a
settlement As already known, aCommttee exam
med the books 0f the deiauer, but they failed to
ind any vouchers Tor the $4,000 supposed TO have
been drawn out by Mr. Hill, and 1t has finally been
confessed by Oakley that he had charged the money
on the account Of the country bank merely to cover
his own transactions. Thus nm innocent man has
been arrested and held criminal for the action Of
smother, while the real criminal Is free. Mr.. Hill
Las since been liberated, his entire innocence being
apparent, but lie threatens legal proceeding TO ac.
count for The humations he has suffered Oakley
has taken 50 many ways TO conceal his operations
that Ihs is thought 10 be but one Of many similar
cases.