The New York herald., 1878-02-20
ANOTHER DEFALCAIION.

SYLVESTER NAFEw, OF JERSEY CITY, LARGELY
ovERDRAws HIS BANK ACCOUNT AND D1sAp-
PEARS.
In Exchange place, near Taylor's Hotel, Jersey
City, liquor ana oyster saloon been kept for
years by ex-Alderman W. II. Nafew and his son Syl-
vester. They did nourishng business and the atner
is now reputed to be worth $50, 900, while syl.
vester, according to deeds drawn up on
the 4th OF March last year, was pos
sessed at that date OF $4,000 worth
OF real estate. The deeds, however, not
corded, but tho defect was remeded on Saturday.
when they entered in Register Cleveand's Office.
Sylvester then transferred his property TO his wife
and she turn transferred 1t to the wife Of
OF the present Fire Commissioners, It Is said, who
friendly TO the family and is expected holi 1t In
arusL These transactions were premonitions OF tho
IN that was about to burst but they vis
BILE 10 the business word outside.
THE SONS DIsAPPKARANCE.
Sylvester attended assiduousy to his business but
lived in luxurious style. He disappeared on Monday
night, but his absence excited suspicion TIL last
evening" HIS flight became known officers oil the
First National Bank IN the afternoon and rapid ex-
IL was discovered that Sylvester had overdrawn the
account ol Nalew son TO the extent OF 81, ,0U0.
Created small pans TINS us,,SoG
Nacw, J had tue virtual control OF the business OF
The nr, signed all checks and made all deposits, and
the ather had no dea that portion OF the merry
running so rapidly The entire defaication will
reach $22 O00 II appears that Sylvester Endorsed
notes and checks to several New York oyster
men In large and small amounts from time TO time,
ana suffered financially In consequence, many OF
the notes went protest. His loans in othor drec-
tions amount to 81, 600 or SO 900.
Late IN the evening Mr. Naiew positively refused to
be interviewed the subject. He had u long con-
sultati0u with the officers Of the First National Bank
and IL is understood that satisfactory rrangement
effected. The bank officials have reported that
Mr. Naiew Sr, VIII secure the institution asa INST any
loss 1t stated that the soundnt vi The Nalew
firm was never doubted Tor moment; It's business
wac nourlsning It's deposits heavy the father
industrious, honest temperate, thrifty ana excellent
busin man, and known to be possessed con-
siderable properly, SO that the occasional overdraw
Ing Of the account was never regarded the
involving risk. The affair Is yet known the
directors will receive their first Information on
the subject from the HERALD
sylvester has NY this time probably reached the
Canada border, though one oil his intimate friends,
who claims TO be cognzant Of his Intentions ana
movements, says he Will not 90 beyond New YORK or
Brooklyn, at loast for lew weeks ''OBe thing" he
observed, ~ may tell you with certainty. He has
gone and Will stay away" Tho business
Will be continued by the father. Sylvester lett his
wife behind AZ their residence In Jersey avenue Jer
sey Guy; but II Is likely che wilt JOIN as soon us
sho winds up their business anairr. he is about
thirty-two years Of age Of snort stature, dresses
neatly, handsome, OF u quiet disposition, and alto.
gsther young man who would attract attention.