The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-24
ANOTHER ENLIGHTENMENT.
4 CLERK USING THE FIRMS MONEY
TO SPECTLITE WITH.


Tire Latest Ntcttfn 81 the wall street FcvSf
Where sinclair got his Funds Caught
snort and Exposed-A story with Moral.
Rumors Of heavy defalcntion IN the
house OF Messrs. II. l.. Horton & Co., bankers, 30
Broadway have been floating about Wall street
for several days past. The amount has been
variously fixed by report at from $4,000 to sGO,-
coo. The firm do heavy business in bon ls,
stocks. and gold. II. l.. Horton is In Europe I;
the resident partners are Davis, Johnson, and
Fred. r. Brown.
W. T.. Sinclair, their confidential clerk, acting
as cashier. Is now held 10 Ludlow street jail 10
answer the charge Of enlightenment. He IL
well known society man. lie has been Presi-
dent OF the New York Athletic Club, but re-
signed few weeks ago. He was at one time
the champion amateur runner OF the country.
lie has had the name OF being very generous,
and has spent great deal Of money, but his
friends say his personal habits have been exem-
plary that he is neither drunlard, gambler.
nor pT oiiikate. lie has lived In SIxtynrst street.
with his mother. three sisters. and "a littlo
brother, and wa their sole support. His sa'ery
h rs been $1,000 year. He has accounted for
his eXpenditu' - ny saying that money had been
left him by his grandmother.
II appears that tue irm we're In the habit Of
SHINING checks IN blank. Sinclair would MI out
the STUB" Of the check for a small amount, and
would tnen hll out the check to suit himself
As lac drew them, he deposited the money with
the Union Trust Company, IL Droa dway. in the
name Of a chum. L. W. kennell. When he
wanted money to speculate with, Kennel would
draw cneck to Sinclairs order. The book
keeper IT. the rust Company was member OF
the Athletic Club, and knew sinclair wei; un.
dcrsttnding that he had money left him, he had
no suspicious.
lie defllc ition was discovered as follows ;
One dav thu President, Mr.. Ed ward King, .
looking over the book, and asked what Kind Of
an ccount Rennells wss. where money was de-
posted and drawn out in sucn peculiar man
ner That day check ~ II. L. HORIZON n Co.'S
Tor SIG 800. 70 sinclair ORDER, was deposited ny
Kennel. he President ked the oOOkkeeper
70 90 down TO tue fuehix Bank ON wit II the
check was drawn. nj ascertain II II was all
right. The bank teller vouchrd for Its reRulart
Ine check was date. Sow !. Afler tue book
keeper left. the teller became uneasy. aud a
messenger was sent TO Horton \ Co.'S To Inquire.
Sinclair WAS al tue cashiers window when the
messenger entered. when the check was pre-
sented, he took it and said ayes, It IL all right"
Bon members of the firm were IT nding oy
MN. and one exclaimed. " hat "a all right =
Sinclair turned pale. one OF the lrm took tho
cue K, and toe whole thing came out.
his happened Nov. .. Siuciar, ufter making
crhlesslVii' was retained Two DAYS IN the Onlce'
and was then sent t. Ludlow street jan. Before
going there he returned 10 the firm bout $ll.JO
OF tue amount Ken. sinclair sDcculated largely
through several houses, and his 10 SEES were due
20 his having been short of 100000 gold at the
time he Russian war excitement advanced the
price and snort OF coat stocks during the re-
cent " twist Before tLat lie had Ueou gene
rally successful. The hrm brought tie case up
| hrt0rc the Arbitration Committee II the stock
Exchange. but tue committee declined to do
Anything on the ground of want of jurisdiction.
Rinncl. IN whose name the money was depOs-
ited. says he thought IL came into Slncar's pos
| session IN ar guiar way.
The firm say tnev do not think the defalca-
| tions run back beyond October. several tnou-
sand dollar We. taken during tn 4 month but
| they " tudt out of the Lass check e. $1,000
! sinclair replaced what he had previously heiDed
! himself to. lhey Tx TIE total Oeucicucy at just
| SEA 81 they denN the repc-t tn.t SlncialT
ever eculAted through them.
sinclair Is not lodged .inong the ordinary
| prisoners ut Ludlow stIeet jain but has com
Portable qu rters lie Is a Dri- ht-ooking young
| Al lar
| ana eyes. He ~ verN reticrnt, but saws he does
! not think the amount u ken l. much over 5000
| lie expresses extreme relret 1t the loss Horror
i c.. aave sustained. ana says he confidently
expected TO replace tue money.