New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-22
THE GOULD DEFALCATION.
EXAMINING THE ROBBED BANKS BOOKS
HOW THE GOVERNMENT EXAMINER WAS prcg,ven

| HOW THE GOVERNMENT EXAMINER WAS DECEIVED
LOSSES OF TRUSTING FRIENDS.
BOSTON, Sept. 81 (SpcciaD .-Referring to the
defalcstion OF Cashier Could Of the First National
Bank OF Portland. dispatch The Journal from Port
land says:
"Ash natural when person is discovered to have
oeen ivine beyond his means, public opinion has
cesdcd 10 analyze the private Ito Of Mr. Could and
number OF unpleasant rumOrs have been to-day
fectns the purity OF the unfortunate man Few OF these
ind believers and none Of them unless SO
as to become beyond dispute will have any influence in
preventing the feeling Of that prevails for Mr
Gould In his misfortune Tho sympathy of the people
with him and his family and the fact hs acknow
edged his indebtedness to the bank a.
with It and that the later investsations have
failed to increase the amount OF his defaaton beyond
$4,000 have strengthened this feeling. The directors
OF the bank will not prosecute him. but will the
disposition Of the the Controller OF the Treasury
and no further action regarding his will probably
be taken until Bank Examiner Wiswell completes tue
examination Of the bank. which he entered upon to-day
By Thursday night this work will have been
finished Meantime the bank continues TO do its
usual amount OF business. One OF the best evidences
that could be obtained Of the confidence that exists in
the managemsnt OF the bank received from New
YORK Today In the form OF dispatches from two OF tho
heaviest banks In that city, directing the Frst National
Bank to draw upon them for any des ired amount Of
funds The condition Of the bank however. prscuies
any necessity for accepting such aid. When asked tia
evening concerning the knowledge the directors had OF
Mr ooud's methods OF business Albion Little said
that so impl Cit had become their confidence
In the ability OF tho cashier that
mon thing for tho directors when they we're uncertain
what to do regarding Transaction, 20 refer 1t to Mr.
Gould for final decision. His ability the appar-
ent care with which he always managed matters
trusted 10 HIM through his twenty years OF service
as casner had completely disarmed suspicion, s0d It
was reasonable that It should DO So
nf a In RIM finna lnf NJ
the directors at least OF Mr. GOulfs
sve specuations denied in positive terms that ne hs
ever possessed any such knowledge or nat ever been
associated with him In any speculations. Governor
oDlo also Is free from any suspicion In this direction
mo reason why the Bank Examiner failed to discover
tho irregularities OF the cashier Is because he accepted
MT. Gouds statements OF the correctness or tho
gate 10 depOslts. This his only course unless hs
went hr0Igh the entire list OF deposits and compared
their aggregate with :he funds in the bank. The total
cash has been counted found 20 with pub
shed statements. 1t IA believed that In addition TO tho
funds OF the bank Mr.. Gould has been also specuatng
win funds intrnsted 10 mis- by private individuals
and has lost qnite amount OF the one pcrson
lady, Is said to have lost $4,000 tins manner Tf
such is the will be- before full
tent of his transactions becomes known unless he VOL
unfairly discoses the Information. Confession,
with the In which his losses have occurred,
would undoubtedly 90 far toward restoring publ con-
| ndencc HE favor"