New-York tribune., 1890-01-28
NO LIGHT ON LOUSSBERY's THEFTS.
MR.. HUFFMAN SAYS THAT THE CASHIER PUT
NO MONEY INTO THE GRAIN BUSINESS
AN INVESTMENT ELSEWHERE.

NO MONEY INTO THE GRAIN BUSINESS
AN INVESTMENT ELSEWHERE.
Postmaster Van Colts assistants were occupied
Yesterday i'm rccxaminng the accounts of the deaulC
ing cashier, George II. Lounsbery. and counting as'
the money and stamps left on hand after MS depart
IRE from the Office. Acting Cashier J. VI. Wood ana
Auditor Jardnes arc preparing detailed report VI
the condition Of the finances when the cashier "enO
away. The report will be made to Postmaster van
Cott today The officials said that there were no
important changes from the statements already made
The amount Of the defalcauon as computed on Sa'ur-
dav was between S47 900 and $4,000, and therc
will be slight changes from these figures
The absurd intimstons by some Of the cashiers
friends that the missing money might nave beeh hNe"
by some one else and the responsibility placed on
the cashier to cover mp the guilt Of the real criminals
did not greatly affect the officials at the Po'tohcc'
The safes were opened Friday morning in the
presence Of three Of the most trusted Postoihce
officials They would not have been opened al all
until the bOndsmcn appeared If IT had been Rho"h
that theft had been committed for whlch inc
cashiers bOnd,men might become responsible Inc
cashier the only official at the PoStoihcc on Ihhr'
dav who had access to the cash safe. the assist
ant cashier had been absent from duty for several
days The compartment in which Mr. Lonn'pery
told his friends at home that the money was lei was
unlocked and empty when the safe was opened
Postmaster Van Colt had conference with Com
missioner Shields District Attorney Mitchell and In
spcctor Wheeler early in the day. The officials Sald
that the conference not for the purpose OF taking
criminal action against any one but reports were
circulated that part Of the stolen money had been
traced to persons officials OF the Po>tofcc AS
sstant Postmaster Morgan said that there we're no
new developments, and that no proof had been Cd
taincd duplicating any official besides the cashier
In spite Of the rcticcncc Of the officials. 1t IS not I'M
likely that further investigation will show that ono
Of the officials and outside friends OF the cS'er
had reason to suspect his wrongdoins
The loss OF "A part Of the money subscribed by tno
Postofce officials to erect monument as memorial
of Postmaster Pearson kccnly regretted Post
master Pearson gave the cashier his place ana ustd
him with the utmost confidence. The sum oil aoous
81 600 was raised among Mr.. Pearsons friends htcF
his death, and Lounsbcry had charge of the fhnd'
About nchrd OF it had been spent and no trace can
be found of the balance. "If he stole the money
raised to honor his dead friend the theft was a
peculiarly mean one" said Of the officials ycscr-
day.
None of the bondsmcn Of the dead cashier visited
the Postoffcc yesterday, although the Postmaster cN
pectcd them. The bond, hy which they are hcd
were carefully drawn, and Mr. Van COtt think, that
there is no doubt about recovering the amount lost
II any loss should fall ON the Postmaster the Govern
mcnt will probably reimburse him.
John Osborn. ir.. OF the partners IA the firm OF
Cough Is osborn 40 81 broadway. said 10 a reporter
Yesterday II not true tat Mr. Loun~hcry lent u~
$4,000 lie invested that amouut o. money IN our
business but not a. a loan. TIL, va, last fall after
the campaign for the postma-t'r-hip. during whlch
| first met Mr.. Lounebcry. ! worked for him ln tAo
dry goods district believing HIM to De an excellent
man for the place. lie very buoyant and san
clnc before the appointment oi Mr.. Van Cott. after
ward hc was a changed man. lI, dcspondcuDy be
came almost monomaua with him. IT wa- at th'
time that, forc>ccins The losing Of his place At the
,sfnnce ne began tn lpph about for other Du-nc~o.
and asked me II We could lot take hm in with us.
\, there were iu uioycucut- J could maxi with moro
capital. consented and Dee agreed 10 pAt ~ T'Vy'
$1,000 II which be paid then, saying he ""'N pay '''
other -. 900 after tine l~f Oi January. At'i VIZ H'
closed our books al the beginning OF u" hc" wear
called 10 see hm ald found him struggling - Keep
ON v i'm hi, work Al On" Po-toC. willie he wa 'uH'I
iu bed did not iaIh business then, bat AtItcu e
Sec MIN al his hou~'. When the ddV arrived H' '',
sraphcd me drfcrrns th' appointment for week
IT., all ,r l. ,,ld a SOON a- Lad entered the
49, duu,hfntirdcIf Wu- a-tpul-hrd ~ iH"
M. - 5rnnlrrnc.s I never saw Mr. Lounsbcr,
diuub and ! icit .urc De d.d not clnk. .,...,....
Mcssrs. Wa,hburn. Moonau and lluHman, thr n.ar,,,
mon Of the dead cs,ncr, ",S j" rIr n,.e l1oi,
~, AZ u"' ,h,n m cIcr fr u-r they said to
a Tribune reporter wien a,Fco resHraing some u
Mr. Iounshcry's business affair Nr. htHmHn s'l
- Tho Who'll. question f.. what did Nr. Loun-ler' q"
with all that money ann sure can't say.
/ 6nly hnow that he didn't pat any Of II INTO h..
him II grew from a small beginning ana Phd l,r
cNpcn,es II us development out 81 me p!"h-. ii'
ucter drew ANYTHING 0gt II tho lu-u">- a.. himself
hu, efr his share Of The profit, 90 go INTO the capital
conclusion We have placed Tie whole matter ln Nr
hand, of our counsel, Mr Bliss
riie funeral of Mr. Loun,i"ly VII TAR" pace AT
D. M. 70 dsy. The burial ~ill De- ia The union Ilil
lsfucfCrN.