New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-20
MANY THOUSANDS STOLEN.
DEAD CASHIERS DEFALoA1IoNs DIS
COVERED.

vrNns AMOUNTING TO s7o,Ooo-MANY
STRANGE FEATURES IN THE oAsE-
MANY PALLIATIoNs OF THE CASE
PUT FORWARD BY THE LOSERS
WHO HELD THE DEAD
MAN IN HIGH
ESTEEM.
vigorous search has failed to disclose tho ioog
ing place of a large amount OF securities whch
were held by Henry P. Marshall, who ieil oead IN
November at his post as cashier OIL tho ecamehs
Bank for Savings No "a wall-st, ana MS FAMILY
and intimate friends have been forced W 'no 'ono
sion that the securities have been Hisuseu MI
Marshall was over seventy four years oiu' hau UGH
with the bank for forty years ana had
ooorr,od ths office NJ cashier since 1868. When his
successor was appointed there was inc usual OK
animation of the books, and In December 'he hah-
yearly examination by a committee Oh the trustees
was made In both cases tho accounts Oh the la'o
cashier were proved to DO absolutely coiieo" MI.
Marshall was treasurer OF St. deorsos HpsooPai
Church and of the Church Missionary society LOT sea
men, and also the manager Of several estates inc
missing securities belonged to these aSsoo'a'S anu
to private persons and not to the bank
His long and honorable career, modest Ire ana
conservative temperament make tho charges against
his memory hard to DO believed, but MS son ana
his lawyer admit that tho loss OF inc ssourucs eau
be explained only on the theory thar inc Neneraoe
bank officer stole them. To what use no oVui" nave
put tho proceeds cannot be guessed Tho usual sus-
picion that he lost the money in stock speculation
has been aroused, but his most intimate frenus never
heard of any speculative ventures his part ana all
his habits were opposed 10 such hazards Mhen no
had small sums 10 invest for the church ne was
always in the habit of consulting ]. Perpont MOT
gan who has succeeded him treasurer His
associates and friends agree that his salary as cashier
of tho savings bank was amply sufficient Tor his
family and ordinary expenses IL Is said, indeed,
that his son and daughters were confident that he
had saved competency, at least from MS salary
There is possibility that the apparent deficiency Is
due in part caelessness in the keeping oil his ac-
counts rather than TO downright dishonesty but his
son, who has tried to his fathers honor, does
not rely on this chance.
NO DESIRE TO CONCEAL THE FACTS.
Henry X. Marshall the OF the dead oashor'
said yesterday that he had desire to conceal any
thing but would refer inqulrers 10 bis counsel, Car
ence II. Conger, for particulars regarding tho case
Mr. Conger said that he not yet prepared TO give
exact figures either TO tho amount OF money which
Henry p Marshall was supposed 10 have had In his
possession in HIS fduciary capacity, nor as to the
amount which had disappeared but so far as the case
had been unravellcd no was willing 10 speak freely.
@Phe first tntImaton Of the trouble said he
came from the present treasurer Of 81. Georges
Church Soon after Mr. Marshalls death, j. Pier
pont Morgan, his as treasurer asked us 10
turn over all the papers had in our possession re-
latlng to that office. We did so, giving up large
number Of documents which We had not had time to
examine in detail few days aftcrwaTd We were In
formed that while the accounts seemed all straight
enough, the securities mentioned were all missing
We then began most earnest search for the missing
securities and finally came TO the conclusion that
they were not 20 30 found, and when We did como
across portion OF them they had been hypotheca'ed
Mr. Marshall had between $4,000 and $4,000 In
HIS possession as treasurer OF ST. Georges Church Of
which about $4,000 was In cash and the remainder IN
bonds, mainly United States bonds The cash has
disappeared entirely, but little over han OF the
bonds that had been hypohecacd for their full value
were found IN tho possession Of the United states
Trust Company.
AS 10 the scamen's Mission continued Mr.. Conger
A somewhat similar state Of affairs dscovefe1
there Mr. Marshall had $4,000 in cash belonging
to tho mission which f. all gone. and about 5000
In bonds, mostly railway bonds. which have also
been hypothetical with tho United States Trust Com.
paDy."
PRIVATE ESTATES sQUANDERED.
BESIDES the church tho mission. however. there
arc several private estates which have suffered and
in regard to these tho figures al hand arc sui
more Indefinite The most extensive defAlcation Of
Of AL was 10 tho funds belonging TO Mrs. Martha A.
| Rlakeman an aged widow. who lives In East HAddam
Conn. Mr.. Marshall had the management Of the estate
left by her husband for at least quarter Of century
the entire estate amounting as Is supposed. TO at
least 10000 and Of this not quito 10000 Is sayc
from the wreck. Besides this Mr.. Marshall also had
charge Of about % 900 belonging 10 Mrs. Clara H.
Hallook. OF Chicago. and about $1,000 belonging 10
Mrs. j. S. Clarke, who lives Long Island. Mrs
Iallocks money TO have disappeared entirely,
bun only $500 5000 OF Mrs. Carke's $1,000 Is gone
as bond and mortgage worth together nearly $780,
have been found ~ her name.
| A. - NJ cald
there was no data on which base positive state
mcnt, but his own personal opinion was that the
| money was lost I'm Wall Street speculat0ns Ions
| ago. "For at least fifteen years" he added GER
| tain securities have been reported rs among the
assets In Mrs. Bakeman's name, which Mr.. Marshall
| did not have in his possession at ALL There Is,
indeed in all the papers that have examined, not
| the slightest memorandum, even 10 Indicate any
interest in any speculative matter, but In the absence
Of other theories this seems TO me not unreason-
able Tho first sign Of faslty in the accounts follows
shortly after the panic I'm 1873, and IL s not I'M
likely that at that time all his savings and good
deal moro were swallowed up. Having thus lost
the greater portion Of the Brakeman estate his object
ever since then has apparently been 70 cover up
that defalcation, and all the time he has been getting
| in deeper and deeper. All these years no has kept
up his payments to Mrs Brakeman regularly, and she
never suspected that the slightest thing was wrong.
He did not himself have sufficient resources TO con-
tinue these payments however, and TO Keep them
up he finally began to use tho money OF st. Georges
Church and the seamens Mission. 30 far a.
have learned he began to use the funds OF those
institutions about seven years ago. Al l can
say positively regarding the shortage In the Blake
man estate Is that II is not less than 100000
| Mrs Brakeman Is old and Intimate friend Of the
| Mashan family, and when the younger Mr.. Marshall
went up to her home month ago, bearing with him
the wrek OF her fortune and Of the catastrophe,
| she did her best TO cheer him up In his grief Her
husband and the elder Marshall IL is saId were close
friends. SO far be ascertained ut present the
entire amount OF the dealcations is between $4,000
and $4,000 but these figures may be altered by
subsequent Investigations The estate VIII amount TO
about s20, oO0 and consists entirely Of life Insurance
policies. These policies, in fact amount altogether
TO about S25 600 but there are claims against some
| OF them that will reduce the amount to the figure
| ucnt lgo owned HIS house, al