Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1881-12-01
Bank Robbing in New York.

Looking at the bank record of this city
It is surprising to observe the immunity
with which our banks have been plum
dered by their confidential servants.
have referred to Paying Teller Nc
Guteheon, of the Ocean Bank, who es-
capped all penalty. The Grocers' Bank
was robbed of an equal amount by its
paying teller, George Clarke, who spent
the money in stylish extravaganza. His
case was a fragrant one, and vet no pun
ishment could be inflicted. The Trades
mems Bank was robbed by one of its
clerks OF $4,000. In this case an arrest
was made, but nothing further was done.
The criminal was shattered by dissipa-
ton and died in the hospital. i he
Fourth National also occupies a place in
the list, the loss being about $50. 900.
The paying teller of the American Elk
change Bank was noted for his rapidity
and accuracy III counting money. He
was III fact prodigy in this speciality.
but he wound up his career by robbing
the bank of 800, 600. The City Bank is
one of the best managed of these insti-
buttons, ITS President being Moses Tay.
lor whose fame as a financier is widely
extended. Yet in this admirable concern
the heaviest dedication ever known in
this city took place. The culprit's name
was Leverich. He came of high fam
ily, and showed his dignity by the extent
Of his peculation, which was more than
$780, 900. 1t was admitted that nothing
could be done, and there the matter
ended. Paying Teller Ellis, of the Park
Bank, robbed che latter of 5000, 600 with
equal impunity.
The only instance of bank clerk
punishment on record iii this city for pee
ulation is fonnd in the case of the Full
ton Bank. The note clerk who was son
of the cashier, spent $50, 600 Of bank
funds. | cannot give the details of the
procedure here, but there was a peculiar
feature in the crime which authorized an
indictment. The thief actually got four
years in the State Prison. This was at
the rate Of $4,000 year, and for such
pay many would be willing to take a
similar term. One of the most curious
bank defalcations Ct the day oc.
cured at the the Gallatin Ma
tional Bank. A leading employee bad
for long time used bank funds for the
purchase Of business paper" He was
an expert judge of credit, and found the
traffic very profitable. One day, how
ever, his account was found short. He
at once admitted the fact, and turned out
a quantity Of "gilt edged" to balance
the discrepancy.
There can be little wonder at such
robbery among the clerks when officers
are so frequently dishonest. The book.
keepers and tellers are well satisfied that
Their employers steal at every opportu
nifty, and hence it may be asked, Why
should they not do the same =? The
Artisans Bank was robbed by its Di-
rectors, and so was the Ocean Bank.
The latter had suffered severely from the
depredations OF its paying teller, and was
afterward cracked by burglars. L might
have survived but the Directors con
Guided to finish the work, aud this they
did IN very effectual manner. Their
method was to discount loans on ticti-
tious securities, such as paper railroad
bombs, and the result was that in the
hands of receiver the stock was only
worth 10 per cent Such was the his
tory of a bank whose capital was entirely
paid in, the amount being half million.
The Grocers' Bank was robbed in the
same manner, and the shareholders found
themselves the victims of sharp practice
on the part of those to whom they had
committed their interests.-NeaU York
Letter.