The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-03-27

not known, but it will not fall short OF
$ll 900, and it is said on pretty good au,,
thority that the amount will far exceed
that. 1t will take thorough examiDa-
ton of the books to throw satisfactory
light upon that subject, as we'll as upon
the length Of time the peculations have
been carried on. 1t is thought, however,
that they extend back several years -
The firm have been aware of the leak
ages for some time past but could not tell
where they originated, Notwithstanding
the fact that careful investigation WAS
made In taking an invoice not long
ago, the result was very unsatisfactory,
and soon the fact became startlingly EVIL
dent that the accounts were very largely
short. Mr.. Dunn says that he had often
remarked to Algeo when the leakages
were first apparent, that somebody was
stealing, and asked him If he suspected
anyone. Algeo had always answered in
the negative. Such implicit confidence
did Mr.. Dunn have in his book keeper
that until recently shade of suspicion
never crossed his mind, and even when
informed by an outside party that the
embezzlement was in Algeo's depart
ment, he found it difficult to believe the
latter guilty of such criminal ingrat-
itude.
However before leaving for the East,
two weeks ago. Mr.. Dunn became salts
fed of its truth, and gave instructions to
the other members of the firm to watch
Algeo closely, and to make a hurried ex'
animation of the books and accounts,
without in any way exciting the latter's
suspicion.
This was done, and it revealed syste.
matte course of false entries pursued by
Algeo, who would abstract money from
the cash drawer and enter up the sales
to correspond exactly with the amount
taken. For instance, if sale amount
ing to $50 was made, he would take out
$40, and enter the amount of the sale on
the books as $40. The losses we're found
to be so much larger than had been ex-
peCted that Mr.. Dunn was telegraphed
for, and came home, his arrival being
kept secret from Algeo.
The latter was on some preteXt or 9TH
er asked to 60 to the law office of Harri-
son, Olds and Marsh, and upon entering
confronted Mr.. Dunn, who Immediately
accused him, in the presence of the at
torneys, of the embezzlement. He
made no attempt at denial, simply say
ing, Gentlemen, it is true, and | am sur.
prised that you did not find it sooner."-
When asked whether he was willing to
make restitution, he replied in the afiir-
native, and offered all his property for
that purpose. The property consists of
house and lot, 1874 Monroe avenue,
where he resides, worth probably $4, 900,
and two lots in the North End, the value
of which is unknown. Algeo, however,
yet owes $1s00 on his residence. He
says his ruin has been caused by eXtrav-
agant living, and attempting to dress and
appear above his station and salary. He
was liberal man, and spent money
freely, but was addicted to no bad habits,
and wine and women had nothing what
ever to do with his downfall. His livery
bills were great items of expense to him,
he being very fond of drying. Mr..
Dunn had always supposed that he kept
Beckley and Aliens books and thus OBJ
tanned his livery without expense, but
such was not the case.
Mr.. Dunn will not prosecute him and
it is piece of good fortune for Algeo
that he was in the employ of such tho.
roughly kind and good hearted gentle.
man. Not many employers would have
done 30 much for defaulting employe.
Algeo's family has the earnest and sim
cere sympathy of every one, For his
misdeeds they, of course, are in no wise
to blame.-Ohio Statesman.