The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-06-28
STOPPING TO FOLLY.
THE THREADBARE STORY OF GAM
BLING IN WALL STREET.

4AAG AaAsGADDAhE OF tA0-
BLING IN WALL STREET.
DAZZLING IN PACIFIC MAIL AND LANDING
IN LUDLOW STREET JAIL-How AN AS
sIsrANT CASHIER AT LENGTH BECAME
THIEF.
The New York Sun says that the agents
of the Methodist Book Concern frankly
furnish all desirable information about
the recent embezzlement by their assist
ant cashier, Henry Screiber, whom they
have sent to Ludlow street Jail. Hen
~ Screiber, who is thirty three
years of age, has been in the en-
ploy of the Concern as assistant cashier
ever since he attained bis majority. The
assertion that he entered the employ of
the Concern at the time of the investiga-
ton that followed DIR. Lsnahsn's charges OF
irregularities there in 1869 is untrue. He had
been the assistant cashier for more than
two years when that Investigation was
made. His employers, during his long
connection with them, never knew Of an
act of his that gave them unessiness. He
was punctusl, diligent, discreet and trust
worthy. He had an easy, pleasant man
ner, and was well liked py his associates
and his affected piety gave him good
Standing in the different Methodist
churches to which he linked himself. A
fortnight ago, while Mr.. Nelson, the
senior agent of the Book Concern, was In
Baltimore attending the conference.
YOUNG sCREIBER SOUGHT A FRIEND
and confessed to him, in the hope that his
friend would either lend him money with
which to make good what he had embez-
lied, or suggest some means by which ex.
posure might be deferred. 1t was the con-
fession of a coward, and not of penitent.
The person to whom Screiber made known
the truth carried the news to the Book
Concern, and without fully exposing the
culprit, disclosed enough of thu truth to
bring Mr.. Nelson to the city. Mr.. Nell
son, on the morning after bis return.
called Screiber to him and told him that
his position must at once be surrendered.
The kindly clergyman expressed aston
ishment at what he had learned OF
the clerks misdeeds, and Screiber hung
his head and muttered his apologies
Speculation in stocks had fascinated
him, and he had been led to take the COM
pany's money to bridge over temporary
losses, always with the intention of return
ing at the earliest moment ali that he had
taken. For years Screiber carried the keys
of the sale and the cashiers desk and
money drawers, and these he delivered to
Mr.. Nelson. Then, at Mr.. Nelson's COM
mand, he wrote full confession of his
populations. Between what he wrote and
what he said, Mr.. Nelson learned that for
lODk OCfoiOoI udu U000 IN
Wall street, mostly in Pacific Mail stocks |
he used his own money in the beginning.
Occasional profits, once to the extent of
nearly $4,000, inspired him and he got in |
deeper and deeper. A few months ago
HE BEGAN TO LOSE,
and his own money soon became ex-
hsusted, and be fed his brokers with Book |
Concern bonds that had been intrusted to |
the agents of the Concern by their owners |
for safe keeping In the sale. In this way
he stole SIS, 900 worth of bonds. He knew |
that some of the bonds might be called tor |
at any moment by their owners, and these |
he recovered and replaced by purchasing /
them with cash stolen from the large
amounts that daily passed through his /
hands. Four thousand dollars in money |
be thus EN- be Zzled, and with 1T he replaced |
an equal sum 10 bonds. The cashier OF the
Conc rn is also cashier for Mr.. Nelson who
IS the treasurer of the Missionary So
cisty. Screiber and the cashier handled |
an immense amount of money, and at toe
c ose OF every day Screiber added the cash
On hand and the cashier figured up tue
cash accounts, the two together squsring
10 the business OF the day on the books OF
the concern. On the succeeding evening
le cashier handled the money and
Screiber reckoned up the entries in the
cash books. Whichever duty Tell to
Screibsr he managed to make the book
a od the cash tally, by deducCiDg from the
one IN his hand the amount he had pOck-
eted during the day. The cashiers books
were Investigated, and the young man was
arrested on civil process. The intima-
have tried to keep the emb zzlement quiet,
Or that they intend TO compound the
crime, is wholly uniounded in TACT.