The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-05-03
THE ATLANTIC RATIONAL.
BANK ROBBERY
TIE CHAMPION DEFAuLTER OF
TIL PERIOD.
-Mcmnhl, Avnlanclle.

The Young man Talnter, with whose
name tbs telegraph mas been busy for
several days, must be accounted the model
bank official of the period. OF the result
OF his hnaucieriug, which, tousea familiar
expression, scooprt the Atlantic National |
| bank of Now York Of more than $500 1000 |
without the other officers, the directors, |
| the stockholders or even tho National |
| bank examiners becoming the wiser until |
/ the final explosion laid the concerns busi- |
ness bare before the world, the country
/ has been advised through the press. II
establishes him rs an operator
with n genius for finance
that should DO encouraged.
Subsequent dispatches announce that the
bank examiners in February forbade the
awarding of any dividends Tor the year
having discovered that the bank had sus
tanned some losses. But If they had airy
actual knowledge of its real condition the
fact does not appear. Had not Mr.. Tain
ter Voluntarily gone before the clearing
house committee and confessed that the
bank was without funds, ~ ,~lab, have
: \ gone nlorg tiN nccident developed ms
4 game. But having exhausted the con-
Germs resources he wanted 10 get rid of
his elephant, and chose confession as the
II speedie.t and less dangerous method.
The examiners refusing TO discover that
+ the bank was "short' 100000 by embez.
4, element alone, he determined to announce
tho discovery himself This no did with
tho nonchaleucc of Fit Adulphus order
ing an ice.
About clock saturday afternoon AR
~ fainter visited tho clearing house com
mit,eo sought the President Mr. Iappan,
md offered him tho keys of the -lc and
. bank vaults. 81 want the clearing house
3 committee to 20 at once TO the bank and
examine its affairs There Wss no hesita-
g ton in speech or manner; no rush Of
=. blood TO the face. In fact he was the
only person present who retained his scli-
r. possession. Mr.. Tappan asked "W hat ;
Tho natter" "Deialcation, was the la.
- comic reply, "Whose asked Mr.. Tap.
" pan, still more ostonishcd. Nine was
the placid answer, Tic added Il will 90
up with tho com nittce and assist them TO
Is tho best of my ability. have no intcn'
j. tion of running away. Mr.. Iappsn i'm
mediately summoned the committee and
v sent them 20 the bank, II Nassau street.
.. Meantime the directors were holding
their meeting, and the entrance Of the
a committee astoni5hel them even moro
than tho cashiers visit did Mr.. Tappau
The committee stated the object of their
e.. coming, and the directors listened in
: blank surprise. Mr.. Tuintcr, having
6, hung up his ovorcoat and bat, announced
d, that he was ready TO mako explanation
IIo was asked tho amount of the defalca
u ton. and he replied $500 00-S7j, DOT
Il in gold, SlC2 900 in securities left in tn,
banl, for satgkoeping, and the Remainder
'y securities deposited az collateral. a few
., passages that followed are thus described
in Chicago Tribune dispatch.
ne Glow long has this boon going on.
Al.
PLY. "llayo you anything left asked
ne one Of tho drcctors '"No, answered Mr.
Tointcr. "What has become # it,.
Speculation
'' Mr.. Tninters l,co wore a lo1l, Of cool
.h' ress and innocence ia marked contras
~ with the expressions of the faces sur
IN rounding him. The president OF tho hanl
4'r' Mr.. South worth burst into tears, as Tain
I,,t ter, not in tie least affected, dccrl5ed ho'
NY be had for the last five ycars burst into III
'hu bank vaults and robbed them o
, m nearly everything that coul
W. Dee used IN speculation. "Th
10 directors listened in blank surprise.
30" Chosen by the stockholders to look nftc
.''- their interests they woro in profound IL
uoranco until lust then informed by thei
cashier that for i've years BIO had beer
ombc7zliug the bank capital been itoI
OF. ally removing, before their eyes, the fopu
ana dalton upon which the bank rested. "Th
clearing house committee are Cspcciall
90 severe On the bank officers. They sa
NJ TIM, nothing short Of the grosscst cur,
lc.suess would permit such an immens
al dedication 90 BE- successfully carrie
D. over such long peuol Certainly
" tho president, board Of directors and o,hc
the offers had been unable 10 discover. in nv
. ~ yoars, dofplcations that for two years pns
must have rendered The bank a moro ,heI
lis little could be- expected By the bank exam
l;er iners appointed hy the government.
The losson oC this and similar dish stcr
the Is that the only safety Of bank depositor
md and stockholders is in the personal iulcr
rity and watchiuuess of tho officials 3,
the lected to manage their details.