The New York herald., 1876-12-28
ANOTHER PIOUS FRAUD.

o. d. SWAN AND WIFE DEPART FOR PARTS
UNKNOWN.
On the Stock Exchange Yesterday there were we'll
authenticated rumors that old and long trusted law
yer and broker o. d. Swan, had retired from the gazo
oil his friends, n defaulter 10 very large amount
First Impressions were that the loss his absence de.
vcloped mainly with felIowbroKers and tho banks,
but inquiries OF HERALD reporter brought out tho
fac, that his immediate relatives losers tho
tent Of $500, ,000
Tho following statement is mado by Mr.. c. N. Fear.
ing, swans brother n-law:-
o. d. Swan the OF the late Benjamin G. Swan,
and his services in connection with several public and
charitable institutions in hs city well Oyster
Bay. Long Island involved important trusts. There
man more implicitly trusted by his own rcla-
t,ves and the charitable Institutions OF the city.
-Four years ago he Jailed ms broker,
and the loss to Wall street was heavy,
as many therc will remember 10 their sorrow This
tine ths loss Wall street aud surroundings IS
parativcly slight He Was prominent Official in nu-
mcrous public and private institutions, and until
within the past three months has been trusted I'm.
pcitly, Notwithstanding the fact OF his disastrous
failure four years ago. His integrity was not oven
doubted the number OF trusts he held sufficiently
Besides his public and charitable trusts no was
trustee for several private estates, among them tho
estates OF his brothers aud sister II ielt be
that he appropriated all that WIS In any
way negotiable Besiues the trusts already uamed he
had others n private nature which yet fully
known. Only ten minutes prior TO his departure QUE
OF his brothers called on MN, nnd no gave positive
assurance that tho suspicion Of his failure
entirely unboundcd, and that whenever they chose
10 mako inquiry all would bc we'll Hc disappeared on
Friday last, and at nrst supposed that finding
himself involved he bad committed suicide but II
subsequently asccrtaincd tbat his wifc cit with him.
and tho probabilities are they have gouo away TO.
gethcr.
ms CONNECTION WITH THE BLgEcKgR STREET RANK
A rumor having got abroad that he had become .
dcfauter TO the Bceckcr street Bank TO tho amount
of from $50 900 to 800 900. here he employed
a a clerk up n oucie oi weeks ago. HERALD re-
ported called on Mr. b ID. X. Craig comptroller, at
No. 13s Macdougal street Mr. Craig laughed at the
idea OF Mr. Swan being driauitcr Tue bank, no
said is managed by system OF checks and no ono
man has entire control OF It's affairs. Mr.. swan was
secretary the bank, and in that capacity enjoyed
no greater power Than secretary In any society He
the minutes ana kept notes OF what was done
the meeting OF the trustees Here his duties ceased
and he way connected with tho money dc.
partmcnt OF tho bank.
Mr. H. l.. Kennedy, president of tho bank, also safe
there the slightest truth In the rumor. Hs
knew nothing OF Mr. swans affairs except that part
the IN which related to the bank, and Mr. swans con
with the institution simply IN the capac,
OF clerk. The Board OF Trustees had some two week.
ago received letter from him. which he resigned
his position In the bank, giving as his reason Tor
oing that he was shortly TO leave tho city.