The evening world., 1889-01-19
$4,000 MISSING.
Shortage Discovered in the Late
Henry P. Marshall's Accounts.
An Echo Of the Financial DisaS-
ters Of Black Friday.
The Seamen's Missionary Society Loses
$4,000 and st. Georges $4,000.

A story Of financial irregularities of the
late Henry p. Marshall, cashier of the Sea-
mems Bank for Savings and Treasurer of the
Protestant Episcopal Church Missionary
Society for Seamen, as well as of the st.
Georges Church Society, which is made
public to-day has been known among tho
circle of his intimate friends for many weeks
past.
Mr.. Marshall, who had been connected
with the Seamen's Bank since 1913. and had
been its cashier since 1865. died suddenly at
his desk mt the bank on Nov. Is last of heart
disease,
Up to the time of his death there had not
been a breath of suspicion against his i'll
tegr ty. and he was trusted implicitly by the
Missionary Society, of the funds of which he
had absolute control. and by the st. Georges
Church Trustees as Treasurer of that corpo-
ration.
1t now appears that he appropriated TO his
use the entire fund of the Missionary So
ciety, amounting to about S22, 900, and it is
stated that the account of st. Georges
Church are short to the amount of ga, 900.
Besides these there are numerous other
claims against the estate. and result of i'll
designations by expert accountants since his
death shows that his unlawful and sys ematic
appropriation of trust funds dates back for
more than fifteen years, when he was caught
in the great Wall street panic on Black Fri
day.
The supposition is that his speculations at
that time nearly ruined him, but i'll spite of
his perilous position he succeeded in conceal
ing all these years his operations from the
knowledge of his most intimate tr ends and
( son tAI ltr tlNN ntNnI1 nT lnFun uN1.Nn ia
the way of interest on his debts.
The Irregularities III his accounts were first
discovered a few days after his death, when
the Committee of the S,amen's Missionary
| Society, duly appointed, called upon his son
and executor, Henry Rutgers Marshall, to re-
ceive the funds of the Society and turn them
| over to the new Treasurer, MIR, }. |. Smith.
Nothing was known of the matter by the
son, and after investigating the vaults OF the
Sesmen's Bank and various otner %lnstiru-
lions where Mr.. Marshall would have been
likely to deposit the funds. and finding no
trace of them, the Committee engaged an eX-
pert accountant to examine his private ac-
counts.
They were found to be in great disorder,
hut they showed conclusively that money ill.,
trusted to him had been paid out TO his prI-
waite creditors, and that he had been obliged
to devote a very large amount TO this purpose
every year.
1t was not until the interest of the 50, 900 in
registered Government bonds fell due not
long ago that it was discovered that these
had been Hypothetical ly Mr.. Marshall.
They we're found, according. to one
of the officers of the City Ms
sion Society of the Episcopal Church.
in the possession of the United States Trust
Company, who had made n loln upon them
equal to the face value of the bonds and
premium, less the usual discount.
A ummittc has been appointed to inveSti-
gate the legal rights of the Missionary
Society with regard TO the bonds upon which
| =, ,rng ,lnin,.l thn JtlnnnN lnnn.l without
the Trust Company having iuve tiGated the
authority of AIR. Marshall to make the loan,
rs is usual in such cases, for the bonds were
registered in the name of the Society.
No trace has been discovered, however, of
the remaining sl4,OO0 in securities of the
Society, which we're supposed to be in Mr..
MARSHALL hands at the time Of his death. nor
is anything known OF the s13, 900 of the ST.
Georges Church funds, which appear TO be
missing and which he alone could account
for.
The trustees OF the Missionary Society have
made n claim against the es, ate of the late
Mr.. Marshall, which consists Of q $40, $50
policy Of fe insurance and two houses which
are heavily mortgaGed. Meanwhile they
have been obliged 10 raise funds to support
the various institutions under the charge of
the Society.
These include the Floating Church of Our
Saviour, at the foot Of Pike street, the Church
OF the Holy Comforter for Sailors, at 3il
West street, the mission room ut Coentics
Slip. and the New Sailors Home, in Pearl
street.
Mr.. Lispenard Stewart disclaimed all
KNOWLEDGE Of the manner in which the story
came t. the public, and said that in the inter
est of the family OF Mr.. Marshall, every ct
fort had been made to keep the matter quiet.
At the Seamen's Bank President Sturges
said that MIR. Marshalls accounts had been
found perfectly correct and there was no
possibility of any irregularity gong ON there
without discovery.