The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-07-01
ARRESTED FOR EMBEzzLEMENT.
Richmond J. Lane of Boston, Cap
tured in this City.
Charged with Appropriatlng Over
s225, 900 of Bank and Other
Funds.
Lanes Method of Concealing His
Extensive Swindles.

Last evening among the arrivals on the 8
o'clock train from Boston was a large, stout
man, with gray hair and whiskers. The
man, who is apparently over sixty years of
age, drove at once to the Preble House,
where he registered the name of r. j. Lane,
Boston, and was assigned to a room. De-
tectiye True of this city took the pen from
the strangers hand and registered as a guest
under a fictitious name. Mr.. True had re:
ceived description, which tailed with
this mans appearance, from Pinkerton's de-
tective agency in Boston with orders to ar
rest him. Accompanied by Officer Norton,
Mr.. True boarded the train at the transfer
and spotted his man. He followed him to
the hotel and after registering, followed the
party up stairs to his room, when the arrest
was made. A Pinkerton detective had come
down on the train and also went to the no.
tel
The arrested man was taken to the police
station where he was kept until taken to
Boston on the o'clock train.
1t was stated by the Officers that the pris-
oner is named Lane, belongs in Rockland,
Mass, and that that the arrest was made on
the charge of an ENLIGHTENMENT of 100000
The prisoner, himself, said the arrest was
due to a misunderstanding which could be
made right. 1t was stated that the arrested
man was bank president. He has visited
this city before within the past year.
Boston despatch received at late hour
last night says Richmond j. Lane, president
of the Abingdon National Bank and Rock
land Savings Bank, also managing trustee of
the large estate of Washington Reed, and
who held other important trusts, was arrest
ed tonight at Portland by Pinkterton detec-
tives, charged with embezzling funds of the
National Bank The warrant was issued by
Commissioner Hallett of the United States
Court, to be supplemented by charges of en-
bezzling from the estate and savings bank
funds. 1t is said he is known to have en-
bezzled $135, 900 from the National bank, an
amount equal to about two-thirds of its de-
posits. The estate is valued at 5000, OO0 and
it is charged that Lane has disposed of most
of its negotiable securities and appropriated
the proceeds. The Boston Journal some
time ago became aware of the irregular pro-
ceedings on Lanes part, and took the re-
sponsibility of having him Swallowed. The
bank examiner was notified, and, as result
of his investigation bank warrant was is
sued, and Lane arrested, while, as is sap
posed, on his way to Canada. Regarding
the amount of the savings banks loss there
is nothing known at present Lanes meth
cd, it is said, was to draw checks in the
name of the bank on banks of Boston, re-
serve the fund, and when the deficit was dis
covered by the directors at the end of the
month, Lane would give his note for the
amount. Notes to the amount of $4,000
have been thus given. He also made loans
to himself from the banks money by means
of worthless names. Lane is 80 years old,
married, and has always stood high in the
community.