New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-03-21
ACCUSED OF EMBEZZLEME

THE CHARGES AGAINST ALBERT FALK.
WILLIAM RYLE, LARGE SILK IMPORTER. SECURES
THE ARREST OF HIS CLERK. FALK, FOR Mis-
APPRoPRIArtSG GOODS VALUED AT 100000
MIR. RYLE's STATEMENT.
Albert Falk the confidential clerk and manager
for William Rylc, a large importer of raw silks at
No. 33 Mercer-st., arrested recently charge
of mlsapprOprating goods. The alleged misappro-
priations extend. it is claimed, through several
years, and will amount to over 100000.
The discovery was made only within a
few weeks by Mr.. Ryle. He secured
the arrest of Mr.. Fak but until Tuesday last the
clerk was allowed TO remain in the custody of
deputy-sheriff Then, in default of $4,000 bail,
he was committed to Ludlow Street JAIL The ut
most care has been taken keep the fact of the ar
rest secret.
Mr. Ryle who is President of the Paterson Board
Of Trade was seen last evening at his residence III
Broadway, Paterson, and made the following state
ment: "Mr. Falk has been IN my employ for
twelve or thirteen years, and has enjoyed my
fullest confidence and esteem. He was first
employed salesman and then as bookkeper. In
my absence | put the whole business III his care,
and he had power of attorney to act for mo. L
have been away a great DEAL have managed my
business from Europe largely, and Mr.. Falk had
entire control while was away.
"The embezzlcments have been going on for three
years at least, and probably for FIVE Ny attention
was called to Mr. Falks extravaganza mode of living
some time ago. IspOke to him about it, He ex-
planned that his wife had income larger than his
salary and tina justified their mode OF life. The ex
PLANTATION satisfactory 10 me, for hen hrst en-
plOyed HIM lie was IN straitened circumstances,
and know his wife elped hun greatly, as she Is a
very cultivated lady, speaking five languages. AT
that time he said that his wlics property was
locked up i'm chancery in England. His after state
taha If
thought the profits of the business were not large
enough. and asked him about that, and ho SAID that
we were doing pretty well considering the hard
times. Trusting him as did, was satisfied with
the explanation"
Through one of my employees, who told me
something suspicious. | made an lnvestIga-
ton and discovered Falk's method of opera,
ton irony was very as fn S Peccvdd Dae9 of
raw silk, which he sent to broker and bad soldior
himself. Then they were left ont at the end OF he
year. when the account of stock was made up. Ite
so managed II that there was never a JOSS III thc
years business; the ba ance was always on the
side of profit so my books dl Su H0c stond
but | was cheated out OF profits which
ought to have had. don't find that he has af-
fectcd nv business as 1t now stands, but ought TO
he better off than | am. When | found this out
about two weeks ago, charged him with abstract
ing stock He dehberated for full five minutes
without answering. Then sad ueN'tancy does
not agree with innocence He then admitted that
was right. | had him placed under arrest and the
Justice ordered $4,000 bail on what loss bad
found already. He was kept at hotel for while
and then transferred 10 Ludlow street JAN, THINK
on Tuesday last. He couldn't find bail, OF course
IN that amount. BY some influence he has managed
70 keen be arrest secret.
- have found also within day or two another
way in which be cmbezzled, although when DIS
covered the other he declared tnat IL was an Of
certain Sums but did not put them down on nv
books and then he drew them out IN my name
and kept them. For instance, he would put
- 1 in hank
Is GOO, and then draw the $4,000 for his own uses
Gud this out from the pass-booit OF the bank, bnt
the vouchers from my check book he must nave de-
stroyed for | can't find them. The amount winch
he took in this way have not vet computed,
but it is enough to bring the whole sum
considerably above 800, 900 During the period
in which this has been going on my business has
amounted to over IS, 00O, 900 Ny stock Is largely
kept in warehouses. Since the Boston and Chi
cago fires have not kept all place for fear
that ii fire destroyed the store my business which
extends to China and Japan, would be ruined
matter except the porter, who says he did as MS
superior told him in taking the bales away lhey
were sold by q Beavcr-st broker"
Since Mr. Falk has been in the custody OF the
Sheriff great care has been taken to keep the arrest
a secret. The prisoner was gwen comt0rtaDle room
on the first floor OF the Ludlow street J3i' Iast
fine gaze of all visitors. reporter who visited the
iail and inquired for Mr.. Falk yesterday was told
that the prisoner refused to see strangers lie mao
refused II was SAID, 10 see anyone except a lacy
who was believed 10 be bis wlie. ms lady had
visited him once or twice since nc came 10 the jail
No papers that could give any information
the jail the deputy sheriff who had made
the arrest had kept the warrant in his possession
1t was ascertaned last evening that FAX
had lived in the elegantly furnished house at
No. 100 East Nineteenth-st., with his slster-in-
law, who was the wife Of a brother, now dead:
Mrs. Falk has frequently been mistaken Tor MS
wiz II il said After Falk's arrest 10 was gwen
out amonr their circle of friends that lie was i'll,
Int the fact of his being in the Sherffs custody
bara In
Mrs. Falk had announced her intention 10 sail for
Europe Oh "Wednesday next
TUu NrIV STRTRFASURER At BOSTON,