The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-04-16
Alleged Defaulting Officials.

The Albany Express of Friday an
nounced that a deficiency had been dis.
covered in the accounts of two officials OF
the Delaware and Hudson cool company.
No names were given at first, but next
morning the Express stated that the per.
Sons referred to are James Loughren and
s.. NJ. Craver, both well known officials.
The statement is as follows:
For seventeen years, man ANA boy,
James Loughren has been in the employ of
the company, and a goodly part Of that
| time as cashier of the Albany and Susque-
hanna division. On the LIST of April last
he was promoted from that office 10 the
position of local freight agent of the
Rensselaer, and Saratoga division. His &C
cupancy of the new position was brief,
| however, owing to the discovery that his
accounts as cashier, running back for a
| period covering several years, were from
$4,000 to 500 600 short, the exact amour,
not being obtainable until the books are
| thoroughly examined. The discovery OF
| this fact led TO his prompt removal, after
only a few days service in his new position.
Loughren is said to have been a man Of ex-
cellent character heretofore, was addicted
| to no vices. and was a regular attendant at
church. He was married at st. Anne's
church some two years since, and was con-
sidered one of the most exemplary and
| prosperous Youug men in town.
The second case is that of S. u. Craver,
| late general freight agent of The Delaware
| and Hudson Canal company. His resigna-
ton of the position, to take effect April /,
was announced on the Both of March last.
1t was understood at the time that the resig-
nation was not of a voluntary character,
and was supposed to have tcen brought
about in consequence of his rather peculiar
domestic eccentricites and his habits. 1t
seems that afterwards the fact of his being
a defaulter to the amount of $1,000 or
| 81, 900 became known. A careful examin-
| alton of the books is now being made, and
further developments may be expected.
The bondsmen Of Loughren are good for
the amount which his account are short.
One of them, as stated yesterday, was
| president of the Commercial bank-Ezra
good for the amount involved.
Mr.. LoughIen made the following state
ment to a reporter Friday:
"The whole deficiency from the Susque-
hanna office is about 50, 0l0 and some cents
which has since been decreased about $50,
| making it less than $4,000. Of this sum
| $1,000 was loaned or given S. M. Craver,
agent of the company, and $500 was given
him in one package, 10 deliver at the gen.
eral office OF the company. 1 could have
| paid up my portion of the account at any
time, but l could not stand his, nor did
think it was right to do 30, inasmuch as it
was only given to him on account of his
position as agent of the road. He threaten
l cd mo with tho power OF tue lrlauSIC, anu
l was completely under his control. | am
informed his deficiency at the Rensselaer,
& Saratoga Office was about So, 200, half of
which he paid back, and at the examina-
ton of the accounts he offered to give his
check for the whole amount of the defici-
ency at 80 days, and did not want me
harmed"
Mr.. Craver publishes the following card
in the argus.
l would state that my connection with
the Delaware and Hudson canal company s
railroad is dissolved. That during my con-
nection Herewith l held the position of
freight agent and yard dispatcher. A por-
ton of my duty was to sign the financial
statements and transmit them to head
| quarters. have not had the handling OF
any money, that portion of the business
| being done by the cashier. These men ]
| trusted fully. My duties were so onerous
| that l was unable to make a detailed TX
animation of the financial exhibit, and any
errors that have occurred, 30 far as l am
concerned, we're of omission rather than of
commission. / ask for a suspension OF
public opinion until the matter can be pro.
/ perly adjusted,