The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-08-23
EPIDEMIC OF CRIME.
A DEFAULTING CASHIER.
VICTIM THE CITIZENS BANK.
$4,000 THE AMOUNT.
FULL PARTI, ULARS.

Strolling into the Citizens Bank yesterday
afternoon, our reporter, who is well acquainted
with the faces Of the employees Of this old
time institution, was somewhat surprised to
mark the absence of Mr.. J. L. Delery, the
cashier of the bank Thinking that the gen
tleman was sick and unable to attend to tie
duties appertaining to his office, nothing ful-
Their was thought of the affair.
A visit to Carondelet street and some Of It's
prominent brokers. however, later in the day,
indicated plainly that something had occurred
of unusual interest, and few questions soon
brought 10 light the fact that NJ. Delery 5
absence had been noticed by others, and
moreover, it was not accidental, but pre-
meditated.
of all kinds were floating about all agreeing
however, that the Citizens Bank had again
met streak Of bad luck. Some said that
Mr.. Delery's resignation had been requested
by the board defalcation in office the reason
assigned On the street the authentic partic-
ul rs however, could not be ascertained; SO
our reporter called upon Mr.. Gaines, the
President Of the bank, by whom he was most
courteously received.
STATING THE OBJECT
of his visit Mr.. Gaines readily furnished the
following facts, agreeing with our reporter
that, und !. the circumstances, a plain I'M
vanished Il lie would be more advantageous to
all concerned:
Remarkng last Wednesday that Nh. De-
lery seemed pre-occupied and unable to at
tend properly to his duties, Mr.. Gaines made
inquiries MS to the cause, and from Mr.. De
lerys own lips the tale of his temptation and
fall was readily furnished. his manner Of
speech and action indicating plainly that he
was only too glad to be relieved of the load
which had been torturing his mind for months
past.
He stated that he was a defaulter, and had
made false entries in his books, and had been
doing SO for months past, but that to-day he
was no richer than he was when first tempted
An examination into the books Of the bank
showed deficit Of 10000, which sum how
ever, was par ly covered by security.
AS THE AGENT
of Mr.. p. J. Kennedy, who is absent
from the ciy, tact understanding seems to
have been agreed upon that MI. Delely had
used the money in advancing that gen
tleman's personal interests. Let this be as
il may, it is well understood that the cashier
has derived no personal benefits from the
sums at various times fraudulently obtained
If the money HAD been appropriated for his
own use alone, and he had lost the same in
speculation he would readily have told all and
not left to the officers of the bank to ferret
out the full particulars
The securities which consist OF State bonds,
stocks, ETC., may yet redeem somewhat the
loss of the bank. but at present time owing to
the depreciation of all securities in the market,
they may be considered as almost valueless.
DESTROYS Of making all repalation in his
power, Mr. DeleIy. immediately upon his dis
charge, furnished the Citizens Bank
MORTGAGE ON HIS PROPERTY
in the Third District.
Mr.. Delery is about forty years Of age. ana
a native OF this city. He has wife and large
family From his boyhood almost, he has
been an employee ofthe Citizens Bank. From
the position of runner to that institution he
had through his energy and business tact,
combined with his personal popularity. step
by step, reached the responsible position Of
Cashier and had not temptation got the bet
ter of his Judgment, his position was one OF
years. As matter Of course Mr.. Delery
bond Of SIS, 600 will be forfeited to the bank.