National Republican. (Washington City (D.C.)) 1872-1888, 1879-08-16
A $4,000 DEFALcATION.
The Citizens Bank vlctimlzed by
lts Cashier.
Peculatious Extending Over Two Years.
Discovery OF the Fraud and Confession
OF the Guilty Mantle Result of
Unfortunate Lumber specu-
Iatiuns - Roach Makes
No Defense, &C., sc.
A Defanlting Bank OmcInl.


geveral davs Init little WINS known bevond tho
b,,,l h,,;ti;,,, ,,,;I -, IL,
u"'" 0'''"s, VIZ"
tue uinerent banks ana banking associations
were notified by the CitiZeus' Bank that Its
late cashier had been discharged from his place
and no longer had any oopnection with the
- -, @. - -, -
DanA, "pu tu"o INC oahk Woulu not DC respon-
siDle Tor his acts after the nth instant. Tins
naturally created ripple OF excitement ana
soon rumors were Rlloat that Roach WAS de-
iRuiter to a large amount.
PRESIDENT cREswELL,s STATEMENT
representative OF the REPUBLICAN called
on Mr. Creswell, ana the following facts were
enclteu MI hOacn mas Dcen suspected ior
ABOUT two months oil using the funds OF the
pank, put nothing POSITIVE was learned until
last saturday Mr.. CreswclI, ON visit to Bal
tmore learned from MT D. o. Lem, treasurer
OF the Pennsylvania railroad, that there liad
oeen an irreguiarlty In the remittances OF the
FUNDS OF the company from TINS city, the Clti'
Zehs BANK peihg their uepositary. MI hoach
hau received imperative orders that inc ran
road company FUNDS should be sent to Balti'
more wednesday oil each week When MI
Lclo reported the irst irregularity TO MIN, Mr..
,reswcil sent Tor koach aud asked Tor an ex-
piaha'ion' Inc lattcr stated tnat the remit
unce hau peen maze on the regular day' ana
showed nus iedgcr' III which the amount was
curreu, anu Nr CresWell again visited baiti-
more lie lound that the envelope whlch
shoulu nave contained the remittance
was maiieu on wednesday, the oth in-
slant, Out the Weekiy drait was not Ill
H. ~ was sent Ine ioilowihg FRIDAY
PrlNaVey oy hoach' ms circumstance gave
I,so 70 tne hVes.lSatoh winch leu 10
hoavu confession. III nus pceh MT Oreswells
h"Vlt 10 20 10 MS nome III Marylahu every sat
uiuhN uOTnluR anu TcIllhln over until hlOnuuN.
va thursday, the Ith instant, nc received
note IRON Mr koach, VINO had been absent
from ms desk Tor several days stating that ne
would DC OH duty saturday morning ana Mr.
Sreswell heeu not deier MS VISIT nome Inc
latter gentleman, however, decided 10 remain
over ana nave talk with Roach Whch nc
came INTO the Danh saturday morning Mr.;
NreswEIi called Elm into his oihce ana directed
tn i; Dill cierK 10 make out Transcript oil tne
DIS on MS ledger, as he wished TO compare u
WIN the payments made aud received. ms
was 100 nuch ior koach to DeHr. lie
-, - iAhEDiATELf CONFESSED
10 Mr. Cresweli that no had appropriated
iunus OF the DanE' ana upon being asked now
nuGh, lie saiu between S3o,ooo ana Sloooo.
nc had engaged IN tne lumber business ana
pee,l unsuccessful lie hrst began using the
pahks money ABOUT Two years ago. some DIS
were presented 10 MIN ana ne ala not nave Tue
Iunus 10 meet ihem; IN order 10 save MS
ered't nc paiu the DIS from some money ielt
WIN nun 70 purchase ponds ana expected 10
pe upIe 10 replace IL III rev DAYS. his lumber
venture, however, proven more ana more un-
prontaoIe, ahd he repeated the offense oil taking
money upon several occasions. lie expressed
s'oa. e1'.rltl0h ana ouereu 10 turn over 10 inc
p"N oiheSis aii hls property, consistihs VI seven
houses ana three vacant lots. An examination
OF ole DOCKS were maze ana the statements
louhu W DC true; a meeting OIL the directors
"a.
ciueu W remove Mr: hoach ana appoint us MS
successor Mr. /. - fearsall, NJ present paying
teller OF the Dank' In regard TO the loss ana
now ~ wouiu De met, MI: Creswcii SAID That
the Douus Oh hoacl Were SZo,ooo, the io'iOwing
gentlemen oeihg ms sureties Messrs' Z. Il.
LieDernah Moses heliy .; ID; Bake, N
AcKer, DaVld walker ana klchard Lay. Ihus
tue pank would not lose an the money pur-
ioiheo, anu the properly OF hoach would propa-
Dly be worth Slo.Voo. Az the highest the loss
10 the D"nk would not be over Sl5OOO,and this
hInouht would DC maze up by the directors.
hhe ueiaicatIoh would not interfere Win
the business OF the pank at all. Roach COW
erea MS pecuiatiohs by making false entries In
his books.
AT RoAcHs HOME
DIR. q. IL. Lieberman the iather-in-law oil
Roach, lives at 122 Twelfth street northwest,
and to say that MS residence was besieged with
| callers yesterday but faintiy expresses II. The
reply returned to all inquirers for Mr. Roach
was that he had gone into the country. Nu'
merons attempts were made TO catch some
member OF the family even. but were futile,
| the servant on guard being faithful to his in
structions A REPUBLICAN reporter, undis-
mayed by the failures OF previous callers, sue
Geeded III ootalning an interview win Dr
LicDerman. Alter considerable persuasion nc
was induced 10 SEND the card oil Inc scribe up tt
Mr. Roach,s room, stating however, that he did
not think he could be seon as he was very Ill
and had refused even to see his sister. Aitel
about ten minutes delay the dooroi the sitting
room opened and MIR. Roach entered. lie was
not entirely dressed having on his pants
shirt and II pair OF slippers, ana was appar
emily very much excited. Upon being asked
for his version OF the affair, he replied that he
had
NO DEFENSE TO MAKE,
and consequently statement would be un
necessary. He had told the bank officer!
all lie knew about his transactions Will
their money, ana that was suihclent' lie
then withdrew, and short talk with DIR
! Lieberman was held. lie said that lie knew
nothing of the calamity until last Thursday
morning, when his son told him that william
was in trouble about money. He held M
conversation with him and did not know any
of the particulars until he saw the story in thu
papers yesterday afternoon. 1t was sa,
blow to him, for his son-in-law had Away