The New York herald., 1873-10-28
TRIAL OF 5TA1NToR.

The Alleged Defalcation In, the At
lantic National Bank--9425,OOO COBB
bled Up I'm Wall Street Speculations-
What tho District Attorney Calls
dummy" securtties-Openfng tho
Case for tho Prosecution.
The trial OF Frank L. Tantor was resumed yesterday in
the United States Circuit Court before Judge Benedict
The defendant is indicted for having embezzicd over
$4oooQ0 tha property the Atlantic National Bank of
this city, OF which establishment he had been cashier
The District Attorney appeared for the prosecution and
Mr.. A. Oakley Hall and Mr.. John Sherwood appeared
counsel for the defendant.
Mr. Daniel L. Hallock as juror in place Of
Mr.. Oliver Bryan, who had ON Friday last
by the Court.
The District Attorney having stated the grounds the
prosecution to the Court and jury proceeded to call wit
nesses.
Mr. Hall said that Tantor did not rely upon any neg
ugence Of the directors any part Of his defence.
EVIDENCE FOR PROSECUTION.
Frederick T. Tappan sworn-I the President of the
Gallatin National Bank; am also Chairman of the
Committee the Clearing House the Clearing House is
an organization Of most Of the banks in New York for
the purpose of clearing their checks every morning
The witness explained the process at lengthy The
banks are known at the Clearing House by
names and numbers; have known F. L. Taintor, the
prisoner personally since April last; have known
the Atlantic National Bank since its formation. had
conversation with the prisoner last April; he
me in my Office in the Galatin Bank; Mr. GalIatin
n.
consequence of heavy specuaons In Wall street. in the
Stock Exchange the bank had become involved so
much indeed that he thought 1t hopelessly in
sovent be also said that those stock speculaons
not on his account but for the purpose Of resusc
tstng the bank; that he had refused to have exami
bank by the directors because he preferred
place the hands of the Clearing House Committee
that he the witness and that the committee
should come and examine into the condition OF
the bank; that hat, when he took the position Of
%s he 5 a nab passs fs Sss
under his control to act for i might think best;
'as siSss ss
That has ms
them ha, al the he had gone since then
b q Ss aS e w Ss sisaoS. ss % IT,
ssspl1s the Sanf not touch
With Tsinsor vas 4 witness ONCE part
Ss esrns a' Hos:s
SsnE SsS %fiSsr ~; sn win
2 him = q bank BANKS as aar 50 sa.s
assets Tsntcr then stated the Of the the
@ for S % In s
as s s.n s % anG hat h. a il
were also taken by him from the paying teller
p signed q ss
@s e sds g the % f aSus hse
and the Clearing House Association examined the assets
the bank KID found s some "e enve
sss m s ss g os as IL ss
envelopes; thinks the box IN small safe in the
prpcrd no Securities
Them Taintor stated that those collateral securities had
been used or sold by him as a margin with brokers
ito oct s6as n h had M nes y VIII him abou
as 70 how much had gone In place and how mnch in
Crossexamined by Mr. Hal-when Mr.. Taintor nrst
e ns h anns was re%%srksey r, % cool and col
passed between myself and fanior who did not express
e. so s se' M ss @ aa ca 6 q
the bank think q, going 70 the Atlantic Bank stepped
y, % reside
rs & Y &c G ss
s ss ss
in sos. sa q ns found .s @ bank
s;xssn himself sSS n. Gs
best for is Interests Mr. Tsinior volunteered all this;
6 eonsey DE himself as
ns.s q M ne any % ySa was hfa e & noSr MIN
this was statement made 70 me as an olcal by the
fnn rs% ne Mr. fanioT nothing yasisyer sse sIs%i
nation Of the eSet S and Pspe5s e eanx s
With rantof IL IUSsw street JAN
Sc eoSSls sS%s mat he took
In gold from the bank and used II in stock speculaons
and showed the ticket lie also said he took s25 900
In Qreenbacks and used them IN stock specuatona For
that be also showed the ticket He also made other
statements generally.
TO The District AiiorneyHe said nothing to me about
his fear OF being arrested.
Charles A. Meigs tcstihed-I am United states bank
Examiner. know Tainfor; the I'd Of April 1878,
saw him In the Bank OF the Republic he told that
there was trouble IN his bank aud that he wanted
10 advise with me about n; subsequently in Wall
street he told mo that the Atlantic National
asked him h0w much had fAlsa tor, and 10 rspiiS1