New-York tribune., 1872-05-23
ANOTHER WALL-SE DEFALCATTON.

4 sTOCK-BROKER ABSCONDS WITH THIRTY
EIGHT THOUSAND DOLLARS
Wall-st. has been again agitated Dy INC
operations OF bold and successful defauter' on
day last Edward r. McIvaine, OF the firm OF H. oel
ser & Co.. stockholders, of No. IL Broad-stp suuueny
disappeared from his accustomed haun's WIN aoouV
s3s 900 in checks coin. and securities, belonging 10 HIS
mariner and n number Of brokers with whom the 1rIn
had had transactions. the afternoon OF that DAY NC
uyaipe. on behalf OF the firm OF selmser d Co.. re-
ceiyed several hundred shares OF STOCK ana
some other securities. for which he gave the
firm check Oh the Bank OF the Republic lhesc
securities McIlvaine Immediately delivered 10
several stock brokers TO whom they had Deen
sold receiving their checks their respective banks
He then went to the banking house Of Martin RuDyon
No 40 Wast., and purchased 5000 in gold alleging
that he wanted it for customer and rendering IN pay
ment check drawn by Cammann & Co., which ne had
inst received for stocks he had delivered to them Hur-
redy natchng up the god he also took another PACK
age of coin amounting to Isl, 600 which Martin Runyon
had intended for another customer and then left the
Office one of the clerks discovering the loss almost In
stantlv and supposed it to be error, sent
to McTvaine's Office for the purpose OF correct
ing il, ana obtaining the $1,000 McIyaine, however,
had not returned and his cashier knew nothing OF the
transaction. In the meantime the persons TO wnom MIC
Ivaine had given checks for stocks delivered to him. had
gone TO the Bank of the Republic have them certified
their account several thousand dollars and the checks
could not be hOnOrcd. The holders returned 10 see NC
uvaine but he was not to be found Doubts as TO his
integrity nay gave way TO the certainty that he had
absconded and measures were Immediately taken 10
capture him. but thus far without effect.
McIvaine had been inbusiness in Wal-st for several
years and had borne fair reputation. For some time
past he has been a heavy and losing speculator, and
took this method TO reimburse himself for the money lie
had After he had obtained the checks and gold he
Immediately went to his home in Grandave., Brooklyn
and bade adeu his wife and son, the latter about IS
wears of age. One OF Capt SIMPSONS Wal-st detec-
lives who Mrs McIlvaine, describes her as
ladylike woman, who admitted that she knew of her
husbands operations, but would give no Information as
10 his whereabouts, alleging that the matter under
settlement and that her husband would return Ill le W
days. .,,
At the time of McTvaine's departure, he took with
him among other valuabes, certified checks of VeTnam
& oy for 7O0 and of G.. b. Alley for S93s7 90 together
with two lots of gold of $1,000 and $4,000 respectively
The checks have been stopped at the banks ana their
negotiation prohibited. f. i. Selmser the senior mem
her the Tm has been i'll and absent from NewNOrk,
thus giving McIlvaine fun sway. On receipt Of the IN
telgence OF McIlvaines defalcatOn he came 10 the
city and sent TO the President Of the NeWYOrk STOCK
Exchange the following notice:
Please notify the Board parties having with this
cv privately their option and send report Of the par
l.
MIR selmser processes ignorance OF McIyaines opera
tons, and has the sympathy of many in the street.