Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1871-10-03
Cashier Rogers Confession.


ing confession of Mr.. Rogers:
In the latter part of 1850 was elect ed
cashier of the Brunswick bank, having
then a capital of 100000. Previous to
this time for several years had been
in trade, but being without capital was
not very successful and left the business,
being then in debt about $500. January
lst, 1851, commenced acting cashier rs
before stated, with a salary of 800 per
annum. Ny position as cashier seemed
to call fer living like other people, and
having 4 family of four children | found
notwithstanding all my plans and efforts.
at the years end my expenses amounted
To more than my salary. In 1888 or 1884
| was offered situation rs cashier in the
State OF Massachusetts,. and making il
known 10 the directors of the bank, they
held meeting and offered me salary
of $3.50 per annum, and concluded to
remain The position occupied seemed
10 make it impossible for ME to lessen
my yearly expenses; on the other hand,
the increase of my family, together with
the old Indebtedness called urgently Gor
more money. Under such state of
things, and having no special check upon
me, it can be easily seen how | COM
menced by placing memorandum in the
draw and taking out for the time being
such sun! Is my immediate wants requir-
cd, meaning in good faith to replace it at
some more convenient season. was
also urgently entrcated by two of the di-
rectors for temporary loans from time to
time. To whom gave more or less assis-
lance expecting the same TO be replaced
| in good time. But those loans were
never repaid, and resulted in IL loss to
me of 1000, which is included in the
present total deficiency. Thus ! kept
along until the charter oi the bank eX-
PRED in Oct. 1857.
In the meanwhile a charter had been
granted for the Pejepscot bank, the Off
GERS chosen and the bank organized, Civ.
| ing me the offer of cashier at salary OF
$500. continued to act rs cashier Of
the Brunswick bank, collected all dues To
the bank and distributed them TO the
stockholders. aud made Il statement OF
all the affairs OF the bank. During his
time my deficiency had amounted 10 So
900, and was easily carried forward into
the new bank, as no settlement had ever
been made of my accounts. From 1857
to 1868, and particularly during the pc
riod of war prices. the old sad lCok OF
things stared me in the face; a deficiency
Of income and I'm inability 10 meet the
ordinary expenses of living, and 80 | re-
sorted TO various plans TO cover up my
| faults. One thing should be mentioned;
One OF the directors requested me 10 send
for /. S. 80 treasury note OF $1,000
| ordered it from Boston and il was charg'
ed TO the account OF the bank, but was
never received. The sum was SLOT
Though this was known 10 the President
aud Directors at the time, no action was
ever taken in regard to it, and that sum
goes to make up part OF the deficit. In
1865 it was concluded To ask for II Nation
al organization and it WAS very soon after
carried into effect had myself opposed
this new organization, fearing my de
falcation would be discovered. Ny plans
were, however, overrulcd, AMI | set
about making the best appearance pos
Sible At this time my defalcatiCn was
much larger, though | think about this
time ms salary was raised TO 81 900; but
as no special examination was made, the
whole thing was easily carried forward
with the doings of the institution, sup
posed to be in prosperous condition..
After the decease OF the late Joseph Nc
Keen, Dec 2nd, 1868. became Treas
urer OF Bowdoin College. with salary of
500. IN order 10 carry forward success
fully the duties of both POSITIONS, | was
obliged To have IN assistant in the Office OF
Treasurer. This expense, together with
the almost unavoidable additional OUTLAWS
made the office OF very little il any pc
cuniary advantage. Thus matters have
continued till August. 1871. During all
this time have never been engaged 'or
interested in any speculation whatever,
either in stocks or any other way; nor
have at any time paid out large sums OF
money not belonging TO myself, nor have
self any of the funds Of the bank, to Sc
cure any benefit to myself or others, cx-
cept as | have stated. Ii will be seen
that the whole time covers nearly 81
years, starting with debt of $500. Dur
ing the last month | met with loss OF
81 900 in the wreck of the brig Josephine
which sailed from Portland TO st. John,
!, this interest in the brig being taken in
part payment of some real estate sold
and during the last twenty years | have
suffered other losses amounting 70 the
, like sum oil $1,000 | have recently, by
deeds and bill OF sale. made over to the
, bank all the property of every descrip-
ton which have in the world, and my
wife has released her dover therein.