The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1884-06-13
THE WAY HE FELL.
Story of a Young Man Who Used
Other Peoples Money.
How an Honorable Object Was Made
UnrlghteOus by the Means
Used to Accom-
plIsh 1t.

CLEVELAND, Ohio, June 13--Considerable
CONSERVATION was caused in business circles
by the rumor that Isaac A. Stanley, paying
teller of the National Bank of Commerce,
was defaulter in the sum of 100000 By
those who have known Stanley for years,
and who are familiar with the fact that the
bank with which he has long been associ.
atel has placed in him the utmost conf,
dence, the story was doubted Stanley was
known to everyone Of genial disposition,
he was universally esteemed, and was the
last to be suspected of such a crime. Inves-
LEGATION proves it to be true.
Late on Tuesday afternoon A. G.. Garrett
son, cashier of the National Bank of Com
merce, opened the inner door of tine banks
safe for the purpose of examining the re-
serve fund. This is contained in al inner
vault and is only examined at long inter
walls. 1t is put aside by the trustees Of the
bank to bind their outstanding securities.
The combination to this inner door
was known only by Garretson 3 and
MI Stanley, the paying teller. Gar
retson counted over the money, which was
in silver and greenbacks, and found
it to be $50 600 short While he was en-
gagged in counting the money, Stanley stood
by him trembling nervously. He made no
attempt to run away, and nothing would
have been thought of it if he had Carrot.
son was not led to examine the fund through
any apprehension of crookedness, but was
following one Of the customs of the institution.
As he discovered the enormous discrepancy
he turned to Stanley and asked: "How do
you account for thisl" Stanley answered,
calmly; Come into the office and l will ex-
plain the whole matter" Garretson went
with him. and to him Stanley said that
the entire amount had been taken by him
and invested in grain He offered to give
himself mp Immediately simply asking that
be be allowed to go home before being locked
up Instead of giving him Immediately into
the hands of the law, Garretson communi-
Gated the facts to the other directors and a
meeting was called at the residence of Joseph
Perkins, president of the hank. Stanley re-
manned in the company of two of the gentle
men until the meeting had assembled, and
then went before the trustees and made full
confession. He said the first money was taken
about one year ago. He was owing $500 on
his house, on Kenwood street. The debt
worried him, and he conceive the idea of
taking a sum of money from the reserve
fund and making an investment that would
yield him the $500. An investment was
made, but was not successful. Anxious to
cover the discrepancy, he watched anxiously
| for what he thought to be favorable turn
| in the grain market that would warrant him
| in heavier investment. 1t cams, but again
| he was loser. From that time until the
discovery Of Cashier Garretson ON Tuesday
| uipht he had cautiousIy, drawn from the
| fund sums varying from few hundred to
many thousand dollars, which he invested in
| grain. The deals, he said, were never made
at the brokers' Offices, and he declared that
he was always careful not to be seen in
| them. He would meet brokers on the street
after banking hours, and make the deals.
His story was long and pathetic one,
and his confession was frank aud complete.
He produced the certificates represent
ing his investments, and assigned them ovel
to the bank. He also signed a transfer Of his
personal property, amounting to several
thousand dollars, to the trustees. After this
was done Stanley was taken in charge by a
detective and removed to the Kennard house
where he passed the night. Late in the after
noon a warrant was sworn out, and he was
lodged in jail
Stanley is 50 years old, a native of Indiana
and has wife and two children. He ha.
been connected with Cleveland banks fol
fifteen years, and, as usual, was trusted i'm
plicitly. The bank has a capital of 81, 800
900, and will not be inconyeniencad.
The board Of directors have issued motto,
that the loss will in no way disturb the bust
ness of the bank Henry B, Payne is one o
the directors