The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-29

be seen that the total amount originally feeced
was 800, 900, and OF tins sum $4,000 was made
good by Mr.. sprague,. who sold ten shares, at
$4,000 a share, TO Mr.. William Van Arden. OF stock
SEQ. 600 ' IN cash was paid sprague some Weeks
ago. and enabled him to refund the $4,000
dencit growing out of Rodman's shortcomings.
winch were then discovered. The gentleman who
purchased the STOCK however, it Is due 10 him TO
state, informed the writer that he had been seek
ing Tor three months past to invest money Ia this
STOCK, and had months
BEFORE THE CRASH IN THE TRUST COMPANY
been negotiating for the purchase or this sclisane
ssoeA. one day, lew weeks ago, meeting by
chance Mr.. Sprague the street, ne (Mr.
Van Anden) introduced the subject and re-
neWed MS oner To purchase the stock. and IL
was readily accepted Mr. Sprague when ques-
Toned as to the occasion which gave rise to his
Selling the newspaper stock alluded to, said that
IL was true that he had sold some stock and other
securities IN order TO raise money, but that thd
snru wan noning TIC do with the City Trea-
rns WHAT yana.l THE CORPORATION COUNSEL SAYS. j.
me reporter next called upon Corporation Couns
sci De Witt, with view OF ascertainlng what he
Knew a coneernlng the defalcation and what course
Deputy CITY Treasurer Rodman $3.50
MI De Witt, have you heard Of this lefalcatiou;
In the ONCE OF the city Treasurergy
ayes, sir; l heard OF 1t nearly week ago. war
IN the country at the time and they sent me worf
tnat Tnere was something wrong in the Office OF tho
"What is the amount Of the deiacatlonY y,
.it Is Sl4sOo but Mr. spragues bondsmen have
"Then the city win not lose anythngr'
"Oh, no; the amount is all securedn
underr'
"He was under bonds to the amount OF sl2oooo.v
"WhO were his bondsmenY
''There are several gentlemen, Mr.. Langue, Mr..
Low, Mr.. Kingsley, Mr.. Tisdaie and one or two
others.n
This is efaIcation OF Mr.. Rodman, the ex.
Deputy City Treasurer, is 1t notp'
"Well, it lies between Mr.. Rodman.and
THE LATE MR.. MILLS.
They were, no doubt, associated together In this
various transactions"
what do you suppose has become OF all this
mOueyYD
"Ai. that is'what we would like to know. It'll
X tell hs has gone
account"
"Have any measures been taken towards his
"Not yet; but think he ought to be arrested and
he denied any knowledge OF a deIalcauon in his
office"
"Well they were anxious to keep the affair
quiet, for 1t had come out at once 1t would have
injured his credit and perhaps his bondsmcn might
have said, Wen, It is all out now and
We were anxious TO secure the city, and
to do It, 1t was necessary to keep the matter quiet
until the arrangements could be made. The inves-
tigation which is now being made tends to exOu-
crate Mr., sprague from any implication in the dis.
'wHo WOULD BE THE COMPLAINANT
against Mr. RodmanY
~ should think Mr.. Sprague but 1 shall prob.
ably take some action myself. | must, or course,
rely upon the Department. for the facts in the case.
but az an olcer OF the CITY, have no hesitation in
cuted."
"Il he is prosecuted and convicted crminaliy
what Will be the punishmentYn
II will read The charter under which he acted
Section 4 says Livery embezzlement OF money by
any officer elected or appointed under this act or
by clerk deputy, or assistant OF such oflcer shall
be deemed u felony, punishable by fine and impris-
act the once OF Deputy City Treasurer was created
and under that Rodman acted. The maxinum
punishment Is Imprisonment Tor five years In the
state Prison, and the minimum q line at The QiH-
erection or the court"
''Mr Rodman's bondsmen, suppose win be the
first to make good the amount for which he IL re-
sponsibler'
ayes, but he was only under bonds for $4,000,
and that will not cover the amount which mas been
''rnE LrABlLlrIEs or MIR. srRAGUEs BoNDsMEN
are as fOows:-
Robert /. Muliord Observation-Disclosures. 400O
lanes lame ~ o,weh. i MUVw
William O. Kingsley iO0oO0
THE cITy's SECURITY.
The subloined is copy OF the bond furnished
by CORTLAND II. Sprague when entering upon the
discharge of his responsible office, and which tho
bondSmen will now be called upon to make
gOOd-
s s y S he S
John Patton and William g kingsley also Of hs elty Of
z$sSca %s q & ssa . H iSs .ai sy &
SFG9 a y % be- or n r ss
and our executors jointly and severaily firmly by these
Sealed with seals dated the 23d day Of December.
Whereas, The above bounden CORTLAND A. spragmo
has been elected Treasurer OF The said city Brooklyn,
in pursuance OF entitled, IAN act to consolidate
the cities OF Brooklyn and Williamsburg and the Of
hs p r. and and tho
several acts amendatOry thereof and supplemental
thereto.
Now the condition Of the above obligation that
II the above bOunden CORTLAND A. Sprague shall faith
fully perform his duties such Treasurer and shall
count for and nay over all by him to be received
in his capacity such treasurer according to law then
the above written obligation to be void otherwise
main in full force and virtue. Signed sealed and de-
Spraguc, n. L. milford, Henry Sanger, james dwell
and John Patton.
ROBERT l.. N ULFOED.
JAMES DWELL
JOHN PATTON.
W. G. KINGSLEY.
MR.. RODMAN's BONDS.
When Mr.. R0dman was appointed Deputy Treas
urer he gave bonds for the faithful and honest per-
fOrmance OF his duties to the amount OF $4,000,
giving his bOndsmen the following named gen.
tlemen, who made affidavit that they were worth
the amounts stated
Il. s. Mills $4,000
zUVJV
william :. IlsdaIe.. NUU
EDWARD harvey M5vVU
.
WHAT SAID on STREET.
The $4,000 first discovered by City Treasurer
5prague to have been stolen by Rodman, was made
ron nv wit teif nd fba lqia