The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-04

Wa weighted down with the consc ousness OF wrong
doing ana with tho terrible knowledge that the truth
bstray his thoughta II he looked worn attributed
TO some ply seal roube-Le was ssBot feeling wsl'
s oos, cay . on hss morning 'n ns
directors wore IN session The cashier pale and de-
tsrmined looking. said .Gentlemsn, resign my po-
sition a. cashier OF the Eliot National Bank"
OLD STORY OF TEMPTATION AND PAIL.
The ansoupcem meat OF his ruin came the commu-
ni.y IKE ,hundsrbo from acloadlsss sky; !. was
who weakly yielded 10 the Turing Of speculation and
found too late tina. D. had been tibet, wnhou. in
cosld but issi sympathy for tho trusted
west en isii sure that Consnt Was NO common thiei
mere novice. dazzIed by speculation and rushing
and osn":rs;. IT, his psa: wScn had shared tho
fate Of many anctner who nad like him. dabbied IN
solid looking mining stocks. bu. unlike HIM, had
riskcd otDsrs' Money In the venture. Il tried. I"
said W. Conant, 40 make q little money, just
a. others In my position have done. ! thought
knew enough about finance 10 act with
good judgmsn, and to avoid being ensnarsd as
many had been, and so, with this confidence, l
vsn.ursd 10 use (ior Short time, ss thou some
OF the funds OF the bank. Stunned all 'wild Cat"
siscks and anything that seemed In The least
taiu and placed the money IN shares Of two
Consolidated and the California. These the
'oonnnxa' stocks What could DO better or more
sure, What stocks stood usher the market,
was WE'LL" But alas for Couant's hopes and
prospects,! Down tumblsd he stocks the very securi
ties IN which he had such cspndonoe. 1t was q
qussuen Of saving himself from ruin. Using tho
bank iunds once u was comparatively easy 10 % to
the treasury second and u third time; desperation
has urged on the Cashier Tor the past ;hree months
Hopes Of rise-cxpectutton that he might At least
clear himself and have no dehct to account Tor with
the tank--au Jailed him. Down went the slocks, un-
Ill what had sold In the market Tor 80 two or three
menths eye touched the figure OF on the financial
thsrmomster. The game Was over, aud Tho cashier
had irrevocably lost. TO more Of the funds OF
the bask without detection Impossible. At
the areciors accepted the cashers resignation, and
Coasnt vent down that night 10 Nep0nset miserable
nsn among the tbrong oil happy men and women
who crowded the evening steamer. While tho dlrec-
tors have no desire 10 compound with felony, ana
rseoenze shnt ths bank 10 rational INSTITUTION the
Interests Of which must % protected they had
found sympathT Tor Conant, juiGing from his past
veil - from his statement before them.
visit vas paid 70 the Eliot Bank to-day. Tho
president, Mr. " II. Goodwin, Was there. as were
hsssra ski,ugs Proctor Talbot anu other directors
The Pseslasss NJ a,st unwilling 70 speak upon ths
psaiul subject OF the dsfAlcasisn But WAS pointed
eut that baselens sunsrs would have tender cy much
more evil thAu plain stassneot Of facts and the
isosaI BAsk 10 cossersed H. was not hurt . hair.
Cessss, ~ eashisr, gave bo.ds required by
iaw, ana siihosgh The exact status Of these
sscsrsisa vas mol fully known. Il was sure that ir,
losa ~ he bank would not exceed $40 600, and Il
night ses reash the sum Of sc, 000 Al any rate, tn
osak vas solid. Sucn men ~ ID. n Skillinss, repre-
ssssaag Ne iomber tstsress: Thomas z. Proctor
~ Ne e0asa Of Directory asd their associates
al nee veil 10 and sbaudAaty able 70 support tue
tssssssss Of The bank uudsr much heavier blow
th.n ne dsis,estos 81 Ssosss The loss 10 estimated
TnR rAPrAx puvALcAri0r TO Investigator.
An snort Gas made yesierday afternoon 10 obtain
warrant Tor ths arrest of }. G. Tappau, but Judge
oue The matter wall 70 vrouant before the Grand
jury % Mssdsy.