The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-26
A 100000 DEFALCATlON.
: Mysterious Disappearance Of a Bank
Cashier and Treasurer.
The Exeter IN. H. Granite State National Bank
and the Exeter Savings Bank Suffer in
$500, 000-Eaorts to Capture tho
Criminal-S10, 900 Reward
for His Apprehension.

! -. ss'.- EXETER, N. H., Jan. %, 1873.
This town has been startled by the sudden disap-
pearance of N. Appleton Shute, cashier OF the Ma
| tional Granite State Bank and treasurer OF the
Exeter Savings Bank, who has proved dciaulees
in the sum OF about 100000. The fugitive. It 10
Just learned, mad been specializing to considers
bic extent in fancy stocks on state street, Boston,
resulting In the loss OF several thousand dollars,
and subsequently, 1t Is believed, he appropriated
the FUNDS OF the two financial Institutions under
his management, becoming involved to such an
extent as to lead him to extract
A CONSIDERABLE AMOUNT on THE BANKS FUNDS,
and seek safety in night. He left Exeter Monday
evening, apparently to take passage to Boston. t
was expected thas he would return the next stter-
noon. Not reaching home then, n was supposed
he had delayed to attend the meeting OF theStock.
Brokcrs' Board, which Is held every Wednes-
day and Saturday, and pressure OF business has +.
led him thoughtlessly to neglect TO- ~
notify his family. Not arriving home Wednesday,
fears began TO be entertained that hes had been
foulIy dealt with, as he man far above suspt
cion, retaining for years an unimpeachabAe moras'
haracter, and having the confidence OF the entire
community to an Incredible extent Early Thurs
day morning q gentleman proceeded to Boston TO-
learn II possible hi whereabouts and, stated, It,
could not be ascertained that he had been In BoS'
ton at all.
AN EXAMINATION nsro THE BANKS ACCOUNTS ,
was at once made, when 1t was discovered thai he
had embezzled thousands of dollars from the fundaa
OF the Granite State Bank and the Exeter Savings
Bank; from the former from $4,000 to $40,0OO.
and from the latter fal learned at the time OF
sending this despatch, s125ooo with the certainty
OF much Increased amount. The amount or de-,
posts In the savings Bank was about tour hundred
thousand dollars and tire examination Of the
books and accounts OF the Institution q
will he continued Monday morning. when ;
urthey developments are Anticipated. His bonds :
to the two banks aMOQnt to but S55 000-$2Oi000 to
the Granite State Bank and $3.50 to the Savings
Bank. His sureties embrace number OF our'lead-
ing citizens and are perfectly good, though their
amount 10 quite small, which fs evidence or the
thorough confidence reposed IN the integrity OF
the defaulting cashier and treasurer.
rkN THOUSAND DOLLARS REWARD 80 I
Is offered for the arrest and conviction OF the de-
faulter-S5,OO0 by each bank. The whole COmmu1-
ity is ina high state OF excStement. No sympathy
is expressed for the criminal who has thus taken,
at fell swoOp the hard earnings OF years Of the
poor and laboring classes. This embezzicment''
Will wind up, without doubt, the affairs Of the y
Savings Bank but the Granite State Bank remains
comparatively unframed, as the amount purOaned
between $3000O and $40,O004 embraces but the
surplus Of the bank. which is half covered by the
suretieS.
vigiant efforts are being made to brng.the GRIM
ina to Justice. who, 1t Is believed has not yet len
the country.