New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-25

stances" Of ssshorts," and the Times de
scribes the same events as ''fnancia
freaks"
These terms imply detalcation of trusted
officers, who cashier their employers on
of some one hundred thousand dollars"
The first of these shorts is Mr.. Delery
late the cashier Of the Citizens Bank
The statement of his act, by the Times, il
this: Mr.. Delery lent thirty-tour thousand
dollars to Mr.. P. ]. Kennedy, on the
security of levee bonds, deposited with
him; "but without the knowledge of any
other officer of the bank" He except his
secret until two years had rolled away. .
It was then communicated to the venera.
BILE president, who had, apparently, not
suspected this serious diminution of &C.
tive capital, and he, applying himself to
an investigation" finds the cashier short,
principal and interest on this midnight
loan, forty-two thousand dollars. This,
evidently, gives high idea of the i'm
mense financial ability for which al,
presidents Of banks are proverbial. From
these incidents, the Times deduces this
conclusion:
As there was palpaply no attempt at fraud
on the part of Mr.. Delery, he having merely
committed blunder by taking uncertain
securities and deriving 10 personal advan.
tage therefrom, it is rot intended to insti-
tute legal proceedings.
The Picayune treats the matter merely
as shortage" and an unfortunate oc-
currence'-this loan OF money entrusted
to official care conc called for a period Of
two years. It adds:
He had none of the money himself. He
then Immediately placed in Mr.. Gaines
hands stocks covering that amount, but
which, owing to the shrinkage in their
values, are almost worthless.
The stocks covering the amount" but
''almost worthless, is, perhaps, as deli
cate way of expressing the intention Of
atonement as could have been devised.
The sec ond case cited by the Times is
A little incident wherein ok-keeper,
gentleman of high standing and de-
scendant of one our oldest and best fami-
lies, was the principal in the defalcation Of
a very large sum from q Carondelet street
house.
The P;cay,4ae makes startling incident
in high life
In which young and handsome cashier
OF prominent broker on Carondelet street
was suddenly discovered to be short TO the
amount Of several thousand dollars, a
large amount of which is now said to have
been spent in the gambling saloons Of our
city.
The family Of the handsome young
cashier are said to be erich and infuen-
tial," and in Difference to this and sin
recognition of their prompt sacrifice" in
making good the deficit, the P;cayuas de-
cides to suppress the names Of the par
ties concerned" In this case according
to the Times, about S32, 600 of "his en-
ployer's funds" was absorbed by a process
thus explained:
Alt appears the hook-keeper, about two
years ago, took the initiatory step down
the ladder Of disgrace by enbarking in a
speculation which added up fearfufly on
the debit side Of his ledger. Again and
again was he unsuccessful, until his for
tune dwindled into insignifcance. To re-
trieve the losses he played lottery, and
staked his money on the losing horse.
The infatuation grew upon him with such
rapidity as only vice can achieve; his en-
plOyer's money was brought in requisition;
entry was entered on the brokers' books.
So great was the business of the house,
and so implicit was the confidence reposed
in the book-keeper, that the books were
never examined, nor the amounts missed.
How is this for temptation? Reverses
in lottery tickets and speculations, "false
entry after false entry" Really these Of
tending stock companies and policy deal |
ers ought to be indicted for exposing
such inducements to false entry and de-
alcation, but the same conservative eau
ion is thrown around this anonymous of.
ender:
Everything was conducted with the |
sreatest secrecy, his arrest, and the settle
or the sake Of his family. the embezzler
vas rescued from the life of shame, conse-
luent upon his dishonesty, and the proud
md hitherto untarnished name will not be |
,antered around to cause the blush of
hame to mantle the cheek Of the relatives
t the embezzling book-keeper.
In regard to the third of these 'sunfor-
unates" the Picayune confirms state of
ociety which the REPUBLICAN has been
for having referred to. An
nonymous young gentleman occupying
position in an anonymous wholesale
ry goods store on Canal street." "went
uddenly to anonymous parts with some
nonymous thousands belonging to the
nonymous firm" This fatality is thus
for.
1t Is well known fact that, BY any
bserver of the numerous gay young men
no move in fashionable and aristOcratic
relies in our city, that some Of them are
wing tar beyond their means, and in ad-
ltion to even these extravagances of dress
I'D style, spend in gambling and riotous
wing. sums which must be, to their private |
1rses. impracticable.
This, in many instances, can not be
forded by the young gentlemen, and they
ave, therefore, to make up deficiencies
ON the safes and cash boxes of their
nployers.
So the "shorts'' are compelled to sus-
In their social position by raids, upon
the safes and cash boxes of their en-
overs. The Bee, vigilant of wrong, up
its issue of Sunday, does not seem to :
i've heard of these jocular sports of the
shorts" at all.