The New York herald., 1870-01-04
.HE GsnL&Y BEFsECATl0y.
One or the Hcsn.s OF His sJrreruia ritics,'--
an innocent Man Imprisoned Suspicion
of ApYroprinting $4,000 of the Funds


Dne ar the Hcsnsss OF His sJrrernia ritics,'--
An tnnocccf Man Imprisoned Suspicion
of Appropriatng $4,000 Of the Funds
Made Away With by the Defnuiting Cashier.
Now that The vel Of mystery that haa up 10 the
present time surrounded defalcaton lately dis-
covered in the Merchants' Exchange National Bank
is being gradually lifted, many new features OF
Oasley's rascalties comng to light. IL viii be
remembered that the defaulter managed TO hide his
thefts by tampering WIN the accounts OF certain
country banks, ana succeeded, by transferring bis
manipulation from one account to anotGer, after
making all but the ast touched correct in blind
ing the directors to his extraordinary personal
interest in institu tions stability. Among other
country banks, the accounts OF which Oakley was
able 10 handle as suited MS whinls WAS that OF tb0
Farmers and Drovers' Bank OF Somers Westchester
county. Tbis bank, lt seems, had always kcpts lts
deposits In the Merchants Exchange National Bank
upon which. ! matter oI course, Mr.. uill could
draw. ar. Hill had been connected with the bank
Tor q number OF years and had always maintained
good reputation. He was hon0red ana trusted by
the officers OF the institution aud admired by =
large circle OF friends. IL Is SAID, however,
tilat ne lately became careless and had allowed
MS books to go nnposted. His neglect
second ana 30 the end Of the month arrived, and
with it the statement or the Exchange Dank from
New York. Tie directors discovered that $4,000
had been taken lrom tnat Institution In their name
by some one without their kuowedgc. One OF them
immediately came 70 thus city 20 SEQ abons 1t, and
account good. Ifir settled the allir between the
TWO banks, and ~ chs finger OF suspicion
pointed at MI. Hin the director returned To
Westche6ter county tv have MIN arrested.
Mr.. Hi meanwhile lad come 70 New York and then
went To Baltimore without letting anybody know OF
Dss whereabouts. The morning no went away the
director with warrant arrived NJ home; but the
bird was gone. Nothing was known OF him FOR some
time, 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.
wnere he arrested ana returned him 10 westchester
county, and locked him up In the jail II White
Plans. There ne has been for many q month,
louay protesting refusing to give bail.
When the defacations OF oakley came 10 light the
Bank OF Soiaers asked for settlement. commit
tee examined the books Of the delaulter. but they
aiied TO no any vouchers for the $4,000 supposed
TO nave been drawn out by Mr. HILL and oakley
dnally confessed tnat he had charged the money on
the accouns OF the country bank merely TO cover his
own transactions. ihus an innOcent man mas been
arrested and held ~ criminal for the action or
another while the real criminal Ii free. Mr.. Hill
has since been liberated, hts entire innocence being
apparent but he threatens legal proceedings 10 nc
count ior the humiliation he has suffered. OAKLEY
has taken many ways TO conceal his Operations
that this ~ thought To be but one OF many similar
WA lie be arrested