New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-10
WAIJ-ST. TOPICS.

aKTURN OF p. II. ECCLEs-THE OVERDRAFr MADE
BY A CLERK IN HIS ABsENCE-MR ECCLEs EN-
TIRELY INNOCENT-JACOB RUBINo RESTORED TO
GOOD STANDING IN THE EXCHANGE
Wall-st. Yesterday was freer from the dis
turbine rumors and influences which had been In crcu-
lation there the previous day. +. ii. Ecces, the
broker who was reported have fed from the city under
suspicious circumstances, returned to confront his
eusers and prove his innocence. The cashier OF the
Mechanics Banking Association had made an affidavit
that Mr. Eccles had Overdrawn his account $136926 SO
and departed for Canada In the intent TO derand his
creditors Mr. Ecccs went TO the bank for the purpose
of making explanation. lie stated that he had been
Intending time TO visit his sick mother at To-
rono Canada As he expected TO be gone several days
when he departed, on Saturday he left clerk named
william H. Cross In charge OF his office In the safe was
his cheokbook containing number OF checks signed
but not filed out. The clerk knowing this fact and
knowing also that MI. Eccles had hypothecated
e125,OOO in gold with the Third National Bank, filed
out the signed checks for the required amount in cur
rency with the evident intention Of obtaining Jos
session Of the gold and apprOpriang 1t 10 his own
The Meehani Banking Association certified the checks
Mr. Ecces however, had left standing orders with the
cashier OF the Third National Bank-with whom he was
well acquanted-not TO deliver any gold except to him
(oeles) personally This precaution eectualy checked
the operations OF the clerk
Prior 10 this Mr. Ecces having discovered that he
likely TO detained day more longer at Toronto,
telegraphed TO friend named Hooper, member Of the
Stock Exchange take charge OF his afairs but the
dispatch having addressed TO the OF +. II.
Eccles the clerk never delivered IT, and Hooper re-
manned IN Ignorance OF the request did Ecccs of his
clerks operations Mr. Ecces returned TO this city late
on Thursday and was Mortified 10 find that the street
was full concerning his alleged defalcatiOn and
that the cashier OF the Mechanics Banking Association
had made .ihjavt which gave official weight TO the
rumors lie lost no putting his affairs in proper
up Sl25OoO i'll gold, the oVerdraf AT the Mechanics
Banking As>,ciat paid. the snit against him
discontinued and the attachment OF the funds at the
Third National Bank was Dissolved.
John Il. Norris Chairman OF the Law Committee or the
Stock Exchange behalf OF the Committee made state
ment the of the Exchange, giving these FACTS
and concluded by expressing rcgEct mat MI Eccls ha
been 80 unfortunately complicated with transaction Of
which he not cOgnizant until long after II had oc
Cured. Mr. Ecccs has always stood, he docs STILL very
high In stock circles" This announcement received
with applause by the assembled brokers' and Mr. Eccics
Was warmly congratulated.
Efforts making 10 arrest Cross, who Is selulOusly
keeping Of the way. With respect ~ him, Mr. Eccles
that he is unable 10 furnish any information About
month he advertised for clerk 10 take temporary
charge Of his books during the vacation of his regular
clerk From number of applicants, Cross selected
He brought good letters from business In the inte
Of tie State, and frequently visited AT The Office
married, and about 20 years old He lived somewhere
IL Harlem, but his precise address is unknown.
THE GOLD FAILURE.
The Vice President Of the Gold ExchaDge yesterday
announced that Jacob Rubno, the weliknown slecula
tor who had failed t previous day. had made good
his differences again IN good standing an
nouncement received with good humored laughter
and applause, aud Rubino received many congritula
tons.