, 1874-01-05
7aiuable iron mine. 7 then refused him the

WIZ
money.
4 month or 70 later be came again to me- and
begged uae to favor him. Ho spoke OF the fam
ily and many other relations that were existing
between us, and SO besought me that in q fatal
moment my better Judgment was overcome, and
took g., 900 of tho banks money and loaned it
secretly to him. and without recording 1t in any
manner upon tho books Of the institution.
had no doubt then but that in few months
Mr.. Webster would to enabled to return it to
me- with interest. Time passed on, but tho
money WAS not repaid. Then he said he must
have more in order to get back that he had al
ready expended. I then let hlm hare 50, GOO as
before, I waited, but nothing WAS repaid me. [
had become involved. aud wrongfully let him
have more and more money in the faith that his
ali would be repaid me and the transactions neT-
or become public. He assured me that his prop
erty vas valuable and sufficient to secure me
from loss. Deeds OF the land were
given me for security, which now
have. At last the, principal loaned t and
a sum that resolved to probe the matter to tho
bottom, and II could not clear It up to confess
this whole. sent lawyer to Ellenberg who
returned With the information that the property
mentioned by Webster Was comparatively worth
less, and would realize little or nothing. then
resolved to confess it al and throw myself upon
your mercy. Ny position as Cashier oi the First
National Bank and Treasurer Of the Savings
Bank enabled me to chry the account unbe-
known to any OF the officials Of either institu-
ton. Upon my highest honor, and in the name
OF my family aud friends. I say to you that l
never took 8 single dollar from the Eank with
the intention or expectation OF detrhudlnG 1t,
or with any view of q personal gain. Ihls Is
true history Of the whole transaction. and IN
grief and sorrow over my conduct. ask for your
lenlency.
Tho Trustees then commenced. under the
direction Of Alr. StorrB, M examination Of the
accounts Of the bank and soon dlscoTered thae
the deficiency existed. The full amount they
could not then ascertain, but they we're con-
WINGED that it exceeded $4,000. The next day
assistants we're called in, aud from then to the
present time the examination has been quietly
but thoroughly and secretly going on. This
evening A1r. Thayer. the Assistant Treasurer,
sayg that the defalcation stands at S61, ,0o0, but
he thought it might possibly be reduced
little
AIr, 6sorrs came to Concord from Vermont
some eight years since to accept the position as
Cashier of the First NatioAa1 Bank OF Concord.
Wo believe he had previously been connected IN
that capacity with = Vermont National Bank. lie
came to this city with the highest personal roc
concentrations, and with tho prestige OF an ex-
cellent family name. His appearance greatly
pleased the bank officials aud gave HIM favor
With the public. His bonds were readily OBJ
tanned. Asking Boston merchant residing in
Concord, and heavy stockholder in the bank.
if he would stand for him TO the amount OF
$1,000, tho prompt reply WAS, Yes, for s5o: o0o
Under such favorable auspices did Alr: storra
commence his official career in Concord. Tho
bank lou1ished and soon took rank among the
best managed in ,he State. In his ATTENDANCE
upon Ills duties he was prompt, unWeaflcd, and
dileent. In soclnl life his deEtorttnent was very
correct and his character unblemished. He had
not, to appearance, single e1travaSaot habit.
His home was an attractive one, and handsomely
furnished, but not moro so than would be
in keeping with Lis income. Upon the estab-
lishment OF the National Savings Bank about
1862 he was mado its Treasurer. In bis whole
outward life in Concord there WAS not single
circumstance that would tend to raiso snspi-
cion in the public mind that he was living be-
yond his means
His bondsmcn were promptly notified of tho
defalcation, and have been IN session every day
aince examining into the affair. His bonds are
either 100000 OF S125, 1000, and his suretles,
twenty-five in number, are all reliable and sound
men, and represent largely the business wealth
OF Concord.
AZ will be seen from the above. the bonds OF
Mr. Stor1s secures the depoaitors from all loss
on his account. The institution has deposits
amounting to about 91.750, 900. The President
is Nj George 4. Pillsbury, one OF concords
best known citizens. The business OF the bank
will be in no manner interrupted By the Treas-
urer's defalcation. That he will be c7l ally
nrosacnted there is not the SLIGHTEST probability.