The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-15
CLEANING OUT THE BANKS.
OIkLEr. OF THE MERCHlNTs' Ex-
CHANGE, SURRENDERS TO-DAY.


How Long n womnn's wit saved her Hus-
baud from Arrcst-The History OF the
Rnnk Cashier whose Brothcr'- shipwrcck
Drew him Into the Maelstrom.
Some days ago IL was whispered among the
knowing ones that there was discrepancy Of about
t5o 900, or thcreabouts, between tie books OF the
cashier OF the Merchants Exchange National Bank
and the actual sums 10 the vaults Of tho bank and
amer strict examination Of the accounts, II was as
certained that the first OF the various entertainments
of hich this last II tho elimination, dated as lar
back as is6I, aud extended through is6s. II was
furthermore asetitained that the cashier, Mr.. Ed.
ward J. Oakley, had
ALTERED THE BOOKS
OF the institution to suit hia convenience and has
thus been able to inappropriate the funds. TIE
Vie" President, Mr.. W. A. Thompson FIRST detected
the IMPOSITION, and made known to the board the
fact thst tie man who had endeared hims'if to all
and whose probi,y they had ever regarded as above
the slightest suspicion, had been for years defsu.
er, secretly stolen the moneys Of the bank and de-
posted them with his brother. immediately upon
tho discovery OF tho robbery, tie bank directors
called upon Mr.. Calendar. United States Bank Ex.
amner, requesting him to inspect their accounts and
the facts as alove stated communicated TO the
proper authorities In Washington. whereupon So
hci,or OF the Treasury BsnGcld tciegraphed to New
York nstructing Judge Picrrepont 10 institute pro.
ceedings against Oakley on behalf Of the Govern.
ment. On Saturday last United States Commis-
sioRcr Shields, upon the snidsyit Of Uuitcd sates
Assistant District Attorney rurdy, granted war
rJnt ior the
APPRguBSsIoS OF THE DEFAuLTEa,
which was placed In the hands Of the United States
Marshal for execution. The detectives who were
detailed for the special duty among the mos,
eficent in the force. During the day they visited
the bsuk, where they were inlormrd by Mr..
Sprouts, the Prcsidcnt-a very exeitabc, nervous
| gentlcman-that tho cashier had not made his ap
ptarancc nor had he been In his otee since Friday,
| the 7th and then for few moments only, late In
the evening. Mr.. sprous added that he was totally
| unable 10 Inform his inouistor. OF Mr.. oakley's
| whereabouts. On the same evening call was mad
| at the residence OF Mr.. Oakley, s0j West TwCn
ty.fourth strcet, where the detective officers were
| met by Mrs. Oakley who appeared at the head of
| the stairway on hearing the inquiry for her bus
band. tLd sad that Mr.. Opklcy not in town
| She thought he WIS in New Jersey. She inquired
| the nature OF the gentloman's business with Mr.
| Oakley, and begged to bc informed whom she had
the honor OF addressing She SAID that her husband
Rad Invariably made her hi cou1iant IN all business
transactions. and that both her husband and herself
| had been Rrta,ly worried lately ty slanderous ru.
| mors in connection with the bank. The detective
| rCplFu tndt hlr NlHW wis u VI
business. referring entirely to another subject,
which. unfortunately. he WAS unable to iupart.
The discrimination, though admirably executed, did
not escape the
RsADr WIT OF ruB WOMAN
She at once suspected tie truth that her visitors
we're officers In search Of her unlappy husband.
| Though, asst aN,rward APPEARED, Nj. Oakley was At
| the time .ccreted In the house, Mrs. Oakley, VITA
astonishing nerve and sarg froid. assured tlic de-
teciivrs that she regretted exceedingly her hns.
bands absence but requested them 4" 10 call agaln" "
| positively asserting that she sure he
would be at home the next day (Sun.
day.. Sunday came, and Monds'. TGc,day.
| "Wednesday. Thursday. aud Friday passed with ,'e
non appearance OF Oakley. nnd without any clue TO
| LIS WHEREABOUTS. The house was meanwhile closely
watched. Al all Interviews Mr.. Oakley In, ,aritbly
spo'ogIed Tor tie eonunucd sbsehec ol her hus.
band Adroilv eyadug rrplIc- to all questions TINT
husband, ahh skliulS di-plaNins those a-terS
! powers Of equiyOcslion OF which Is clcablc
On Wednesday the officers learned that their move
meut> we're closely " ntched by the agents OF MR..
oahcy, ,m"ns whom wac her co,c,mnn, WHO y
equal to his part. The ietccrcs, with all their arr
have 30 lar been
CTrrsLr BAFFlgD
In their efforts to npprehend the deiaultinr Cashier
| Indeed. the most ingeniously devised schcme- u
noted experts In the corps have been frustrated by
the cloNCrncss u devoted wife. II L. now sup
posed ttai during monlentsry relaxation OF The
vigilance of the oncers, Mrs. Oakley, who WA
watcliitg with eagorncsS, quickly seized the oppor
tqne hg's, and bad her husband removed from III,
house In disguise.
wHNr lrD TO rue I:y"o'uoS,
Rarly Ia iSSa the brother or the a6Acondns ,asi.
, Ter, MI. Cornelius Oakley, IN Consequence Of th'
failure OF sone rcaDtiie enterprise conn ecte,
with the shipment OF merchandise to Hnyti, over
drew his account with the bnuk, and tJe ytrdrlf
, was made good from the funds OF the bank 10y Ia,
cashier. This, the first dish"aest act, wts r.
peatcd at various intervals during tn,
year. heretofore mentioned, to mrct tn,
pressing demands of Cornelius Oskle,. viii
whom Edward }. Oakley hsd now become Gs
sociated IN the Iiaytan schemcs until the amount
frandcnty appropriated attained tde respectable sun
OF $4,000. Had It not beyn tor the Haytlan lnsur
rection, and the consequent failure OF Cornelius
| OaklCy's projects, the hrst overdran would hay'
| been met, and the bank officers would never have
known that tLer oa-hier had touched their funds.
PARTIAL IsDEMEIFIckuoS.
The Directors OF the Bank informed the roIor.
OF TuE sun that al the urtlcst thsr losses hy IL
lcy's embs Zzcmcnt cannot exceed tlJJ,UOD aud tina
tncy hive possession OF tobacco stored In this cit :
upon which they will probably realize $500 Oak
. | les = real CstHte II hll IN Lls " c's name.
Mr., Oakley will to-day give hinself up, an al
rangCment having been uadc by which his bal Is u
, be dNCd al $4,000. As tue penalty Gu conyictio
cannot bo less than 1--WE years II s probable that h
| Will forfeit his bail