New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-24

Mortgage bonds. S2,413, ,490 SO
Real ate taken 2se5SS -
Interest due from borrowers. 1S7,G97 Is
| Insurance and taxes advanced. 1866 ol
Cash with banks and bankers............ 103,i94 81
sundry debtors. 10,9lO 90
Total e65S2,395 %
| Creditor.
DebeniareS. due 1887 to is6i 47SS'SSS 90
Coupons not presented .................. 7l7g 90
Tue to banks and bankers............ 305, 900 90
interest is2O6 -
EHea.. iES.y Of fss.2 ssisl over saS2 iS S
Total $6,j52, ,395 90
In sending out this statement after the discovery
of the deacati0D the following note was.aDpeDded
| by the officers Since the first OF the month it
has been discovered that John b. Marston. former
| clerk OF the company, has, during the past four
years. abstracted aOOut $500 of the interest ro-
ceiNed from the borrowers of the company. The
item Of deferred Interest lSls7,6 l2) in the state
ment is therefore really about $50 900 less than it
appears. The books were faSiiied Us TO conceal
this defalcatlon. A meeting of the Stockholders
will be called as soon as the exact loss 10 the
pany can be ascertalned."
STATEMENT OF PRESIDENT ELLIOTT.
Mr.. Elliott, the president of the company said to
TRIBUNE reporter yesterday :" The dcfalcation
was complete surprise to us. Mr.. Marston left ocr
employ on March |. lie resigned more than .
month ago, because no knew that would not
need his services, we were reducing expenses all
around. He was abont twenty-five years old. and
has lived in Paindeld N. J recently. He was al
ways trusted and had made good record In the
positions he had previously held with l have
no knowledge Of what he did with the money. So
far as am informed. lie was not man OF fast hab-
it's. and do not know that ne speculated. / am
told that he did not live in extravagant style at
Plsintield, but know nothing about It,"
" Has any acton been taken to secure his AZ
restT
"Ihe facts have been laid before the District
AttorEey-you can draw yOnr own inference from
that. lie under no bonds Tue company's
financial position will not be- affected by the defal-
cation except that IL will lose the money that waa
taken. last saw Mr.. Morston about a week ago.
He admitted the fact of his embezzement, but said
that he, would be able to pay back most Of tho
money"
Roosevelt q. ROlston, president of the Farmery
Loan and Irnst Company. who Is the faiher-ln-law
of the deaulter. said last night that he hal moth
ing to say about the matter. lie was oppressed,
evidently, by the disgrace which had fallen his
daughter and advised by an intimate friend. ho
declined to say anything about the crime or tho
criminal. He simply sad tnat he overcome
The papers relating to Marston's transactions,
shown to Dstrct-Atterney McKeon, have been
referred 60 Deputy Assistant Dslrct-Attorney
Allen. who has charge of the indictments. The
matter has, however 10 is said not yet been brought
TO the attention of the Grand Jury. Mr. Allen de-
cned last night TO say anything about the pro-
posed action OF the District-Attorneys office IN
regard to the defaIcation. Detective Won Gerchen.
of the Distrct-AttOrney's office was sent to Colo
RADIO few days ago with requIsition for the
extensive frauds Mr. Allen said that Msrston was
not the person caught by the detective
MARsToNs LIFE AT PLAINFIELD.
At Plainfeld, N. j.. where Marston has lived since
asst summer, bat little is known about him. He
ented house from Mrs. Thomas o. Bullock, or this
ty, in June. 1881, at Punam-ave. and Kensing-
on ST., and occupied it until the following autumn.
10 then left it and lived at Carmansville, N. Y,
Until last June, when he again rented Mrs. Bal
ock's house. lie remained there until last Monday,
Tho house which no made his home is q modest
hree-story frame building with about two acres ot