Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-14
THE BANK BUNK0ED
By a Real Nice Young Man Who Was
Trusted and Who
DID NOT PRETEND TO BE SMART.
The United States National Of New York Is
Out Just $32,O72 g.
A CLEVER SCHEME AT LAST FATH0MED
ESPECIAL TELEGRAM TO THE DrsPArcH.j

ESPECIAL TELEGRAM TO THE DrsPArcH.j
NEW YORK, April laval street
paused to-day to listen to the latest tale Of
defalcation. IT was the same familiar
story: A young man eager for strawberries
in December and asparagus in January and
fine wines and cigars at all times and
mighty slim income with which to meet
even the ordinary expenses of q modest
station.
The United States National Bank at Al
Wall street, of which DR.. james II. Parker,
ex-President of the Cotton Exchange, is
President, and Henry c. Hopkins is cashier,
opened its doors for business about 10 years
ago in the Washington building, facing
Battery Park. Logan c. Murray was their
President, and he remained at the helm
until last July, when the bank was moved
to its present quarters and DR.. Parker was
elected President. The late Mrs. Edward
Searles, widow of Mark Hopkins of Cali
fornia, and her husband, had an interest in
the banks affair. This interest is now
represented in the bank by Directors
Thomas n. Hubbard and Thomas e. Still
man, of Butler, StilIman & Hubbard; Mr..
Searles' attorneys and Collis P. Hunting
ton. The remaining directors are DR..
Parker, William P. Thompson and Thomas
W. Pearsall.
He Fled in Mighty Big Hurry.
The capital is $500, OO0 Almost from the
day the bank opened its doors for business,
H. Wiltshaw was one of its most trusted
employees He entered the banks service
as junior clerk, and rose to be the in
dividual bookkeeper His duties gave him
direct dealings with depositors. On Nov
T. 1oT r.. hon Il
hurriedly in his thin alpaca Office coat, and
that's the last Dr. Parker and his associates
have seen of him. At the time Wiltshaw
left he was aware that his books were being
examined. When DR.. Parker became presi:
dent in the July preceding he determined
to make thorough examination. The ex-
pert had reached Wiltshaw's department
when Wiltshaw left. From that day to
Yesterday the expert has been busy on
Wiltshaw's books, and then DIR. Parker
announced authoritativelv that Wiltshaw
was defaulter to the amount of $32, ,072. "a
Of which DR.. Parker thinks the bank may
recover $500. 49,.
Has Been Stealing Since 1888.
DR.. Parker said that Wiltshaw began his
operations as far back as 1883. Wiltshaw
had not taken large amounts at time, and
his system of covering his tracks was clever.
He was fond of high living, and frequented
the swell restaurants near the Stock Ex-
change. He was member of the Seventh
Regiment. Wiltshaw had many acquaint-
ances, and with them he was pretty tree in
money matters. He established with them
a system of borrowing and lending, and in
the settlement of the I o US, no matter by
whom held, the United States National
Bank was bound to be "out" every time. For
instance. Wiltshaw would borrow $500 from
an acquaintance, who was also depositor
in the bank. A few days later the deposit
tor. in the natural course OF business, per-
haps, would visit the bank. Wiltshaw
would tell him he was ready to pay the
loan, and the deposition, handing out his
bank book, Wiltshaw would credit the
amount in the book; furthermore, he would
credit the amount in his own individual
ledger, and from there the entry was
transcribed to the banks general leger. The
depositor would draw the amount Of his