Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1893-06-14
To be continued.
THE OFFICERS STOLE
A Shortage Found in a New
York Banks Account. -
DISTRICT ATTORNEY WILL ACT

An Amount Asgregating $40, 500 Taken
During the Last Ten Years-Three on
GERS Were Implicated and They We're
Compelled Resign.
NEW YORK, June 14.-Defalcations ag-
gregating $40, 800 have been discovered in
the Irving Savings Institution, SO Warren
street, this city. The shortage was dis
covered by the State bank examiners, who
are still at work on the books and will not
finish scrutinizing the banks accounts for
some time, as there are II, 900 individual
accounts, besides the regular bank
books.
The officers implicated by the statement
of the examiners are Clarence D. Heaton
of Brooklyn. who was president of the in
stitution and had overdrawn his account
to the extent of $27, 100; ex -Secretary Will
liam H. Buxton of this city, and Paying
Teller D. D. Tompkins After the defal-
cations were discovered the designations of
the three officers named were received and
accepted and the State bank superintend-
ent, Charles NJ. Prest ton, reported the
facts in the case to the District Attorney
Messrs. Stern and Rushmore counsel for
the Irving Savings Institution, this morn
ing gave out the following statement:
''On the 23th of April last Charles NJ
Preston, Superintendent of Banks of the
State Of New York, commenced an exami-
nation of the Irving Savings Institution,
W Warren street, city, which is not yet
terminated
'On making the Investigation the SUI
pertntendent discovered a deficiency of
SIC, 800, caused partly by the overdrafts
of Clarence D. Heaton and William H.
Buxton, officers of the institution, and
the abstraction of funds by D. D. Tomp-
kins, the paying teller. $50, 200 of over
drafts made by w. H. Buxton, the secre-
tary, were at once made good by him by
the payment of that much cash, and he
also gave first class security for the pay
ment of any further sum which mi sht at
any time be found to be due by him to the
institution. About 81, 200 was paid over
to the institution by Clarence D. Heaton,
the president.
''The president and secretary presented
their designations, which were accepted.
Under the circumstances there will be no
loss of money whatever to the institution
even if it had made loss of $40, 900
(being about the balance of the deficiency,
it could not in anywise effect the institu-
ton or its depositors, as the bank has now
clean surplus of 1878, 900.
Superintendent Preston has placed tn Q
facts in his possession before the Dis.
trict Attorney, and further developments
as to the guilty parties will probably fol-
low"
Lawyer Stern said that he could place
his hands on the ex-president, secretary
and paying teller whenever required to do
so, but that the case was one for the Dis
JricG Attorney to act upon.
Tompkins is 60 years of age, and haI
been with the bank more than 20 year
Heaton and Buxton had each been col
nected with the bank for about
years. Superintendent Preston says tn
the defalcations had been going on f
ten years.
Tompkins states that he used what
distracted for living expenses; and Heatt
says that he has lost $15, 900 by going
the bond of Lawyer Cohen who was asso-