The New York herald., 1872-11-13
A BANK DEFALCATION.
Hiram G. Rogers, the Cashier Of
the New York Gold Exchange
Bank, Embezzles Sl5,OOO.
His Answer, Il speculated in Stocks and Have
tho Same Old Story to Tslr-Ths President
Of tho Bank Confrons Him and He
Confaases His Crime-The Bank
Il Rich and Does Not Care to
Have Rogers Arrested

While the .bullsn ana sbears' OF the Stock Elk.
Change and the brokers and spectators of the
Cold Board were bowling themselves hoarse over
the disastrous news from Boston yesterday morn
ting there was still another sensation added to the
tumult which
FILLED THE STOCK EXCHANGE.
At halfpast eleven O'Clock Mr.. R. L. Edwards
President OF the New York Gold Exchange
Bank-which is situated at the corner Of
Broadway and Exchange place-ascended the ros-
trum of the Gold Room and made brief statement
to the excited and bowling crowd beneath him,
that
DEFICIT OF ABOUT FIFTEEN THOUSAND DOLLARS
had been found in the accounts Of Hiram G. Rogers
the cashier Of the New York Gold Exchange Bank,
OF which Mr.. Edwards Is the President and he
added that the deficit had occurred In the surplus
funds Of the bank and that the bank would lose
the amount and make 1t good. Mr.. Edwards re-
marks were received with cheers, as he is well
known In the street and Is known a. an honorable
man. All the gold brokers knew Rogers, who was
quite ladies' man, and was very handsome. hav.
ing beautiful flowing mustache and very dan
dlaed appearance.
ONE GOLD BROKER SAID TO ANOTHER,
who had heavy gold chain and broken hats
II thought 3d. always had an idea that Rogers
would go up in balloon. He was killing thingsn
"You are right; no one can stand six bottles OF
wine at time, even if he has good salary to fall
back on"
From the Gold Room MI. Edwards walked to the
Stock Exchange, and here the news OF the defalca-
u0n OF Rogers had just beer carried, and 1t had
SPREAD LIKE wILDFIRE,
causing all sorts Of comment among the brokers'
was again cheered for his honesty and candor in
telling the truth in place where the truth is $50 50
a n
real amount Of the dealcation. One man said, ~
near Rogers has gone up with $150, oo0;' ana an
other added, ''NO, 1t amt as much as that;
IT'S ONLY sIxTY-FIvE THOUSAND DOLLARS"
and third consoled himself by saying, "Well, one
thing is sure, the New York Gold Exchange Bank
$5QO,00O, and its stock Is par"
, "A HERALD reporter was detailed to ascertain the
facts Of the defacation; and to do this he had to
proceed to 5s Broadway, to the offlce of the New
York Gold Exchange Bank. 1t was precisely fifty
four minutes ute past three ocoH wnem te m
the office he found it deserted by ALL excepting
.~s.@ ..,-s--,A SMALL coLoREp BOY, 81. !.
vigorously at the moment. From inquiries made
by the reporter he discovered that Mr.. Edwards
had left the bank at precisely twelve minutes to
four O'Clock, in company with Mr.. William S. Mat
BE THE SUCCESSOR OF MIR. ROGERS
covery Of the defalcation. Mr. Rogers was M not at
the bank at all yesterday and his defalcation was
q On t MT tine
years cashier Of the bank, and has even to-day a
large circle Of friends and acquaintances. He
has deceived a those people who
1EILE8 N x BANK y ).
in the upper part Of this State and during the war
stan. He has an aged mother and lis widower
with Two children who are are boarding up the hpd
mother and sister kets Il I city Oeen
The HERALD reporter called on Mr.. R. L. Ed.
wards the president OF the bank, at his office, 33
Wall street. He has also an office at IA New street.
The clerk politely ushered the HERALD reporter to
q back part Of the Office in which he found Mr. Ed
wards sitting with another gentleman. Mr.. Ed
ACTED LIKE AN HONEST MAN
and seemed disposed to give all particulars that
the first impression on last Thursday; that there
Rogers; the defa1lting cashier had full authority
nom the officers OF the bank to draw on his own
name against rur srap,ns p,,,ns
OF the New York Gold Exchange Bank and against
its standing account which is held with the Metro
In him. On Thursday afternoon, after the first sus-
picion was raised IN the mind IN Of Mr.; Edwards, he
tSe Vice Presdent Of the panR An r.
was made by Mr.. Edwards that Mr.. Parker should
meet him at the bank at one O'Clock on last Friday
O'Clock on Friday morning Mr.. Edwards made his
appearance at the bank and, on examination Of
the October monthly statement OF Mr.. Rogers
NUMBER OF DISCREPANCIES
were discovered, confirming all his suspicious. At
eleven O'Clock on the same morning Mr.. Rogers,
the cashier, stepped into the bank, very hand
SOmely dressed and looking as handsome as pic
ture. Rogers was instantly but kindly confronted
"Mr. Rogers how do you account for these dis
crepancies In your accounts ~ pointing to some OF
the figures which lay before them.
- sTAMMRRED AND CHANGED COLOR
ana finally acknowledged that he was guilty. Mr..
Edwards repeated his question and Rogers
no In Ia foo
TITS THE SAME OLD STORY,
Mr.. Edwards. I have been speculating in stocks,
and and that's how the money has gone. con-
When Mr.. Parker, the Vice President, came at
one O'Clock the same scene was repeated, and
what action should be taken. No definite action
AZ loss what to do Thebant is rich va" and Ss
is mere baeatelle to them. Many OF the direc-
tors are disposed 70 overlook the defalcation Of
= IN VIEW OF HIS PAST SERVICES
to the bank and there is no Law which compels
arrested, the law would compel the officers OF the
morning with the evidences of his guilt the former
drew from his pocket two checks which were
against the New York Cold Exchange % Bank, % in his
own name He was asked what they were drawn
for, and answered that they were drawn by him
at TO PAY NOTE OR NOTES
which he had contracted to pay and could not
meet. The check for $4,000 was drawn on October
8, and the check for 5000 was drawn little
earlier. Besides these amounts there were many
other amounts short, amounting In all, to over If
teen thousand dollars.
The statements In the
NEW YORK GOLD EXCHANGE BANK
are made from month to month and it was only by
consultation OF the last October statement that Mr.
Edwards discovered the breach Of trust. He
might have taken great deal more money during
e bv &c se t ana last da
have been discovered ut the end OF the month.
Rogers Is at large, and 1t is not likely
THAT HE WILL BE ARRESTED
He was present at the reception given to Mr.
Froude, the historian, ut the Lotus Club, some
weeks since in full Dress and he said to be the
hands0mest man present in the assemblage. The
New York Gold Exchange Bank is well able to
stand the loss OF $15,000 and
THE POOR MOTHER AND SISTERS
and children OF Rogers 1t Is probable, will eurYer
more than any other persons by his folly and dis
T1Horo or rao1nce ~