Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-12-27
STOLE FOR YEARS.
ANOTHER DISHONEST BANK CLERK
FALLS INTO POLICE CUSTODY.
His Pilfsrings, According to His Own Ac'
count, Aggregate Thirty Thousand
poilars-IIis Confession.

NEW YORK, December 26.-Another
dishonest bank clerk fell into the hands
Of the police to-day. The prisoner Is
Edward r. Carter. A years old, OF No
2i6 Monroe street, Brooklyn. who mas
been employed for the past twenty-nine
years as a transfer clerk In the National
Bank of Commerce. at No. 20 Nassau
street, OF which william w. Sherman
is president. His stealings, according to
his own calculation, aggregate 10000. He
declines to tell how he spent the money.
President Sherman sent a messenger
to police headquarters about o'clock
this afternoon to inform Inspector Nc
Laughlin that there was a man In the
employ of the bank whom they had as
certained had been stealing money. The
Inspector sent a detective at once to the
bank, where Carter was pointed out as
the dishonest clerk. He accompanied the
detective calmly 10 the Tombs Police
Court, where he was brought before
Justice Ryan and remanded until to-mor-
row for examination. He was then taken
to police headquarters, where Inspector
Mclaughlin had a talk with him. He
said his pilfering began within a short
time after he secured his position, and
continued up TO the present time.
During his entire period of service at
the bank he always held the position of
transfer clerk. His stealings. he said.
were small at first, but increased, and.
to use his own words. went from bad to
worse. He did not tell in what manner
he had got the money, nor explain In
what manner or by what means be
evaded detection for so many years. He
became reticent when questioned closely
by the Inspector, and. after a short con-
versation, was taken down to his cell.
STATEMENT FROM MR.. SHERMAN.
President Sherman made the following
statement late to-day: THE National
Bank of Commerce has discovered a de-
falcatlon by its transfer and coupon
clerk, Edward II. Garter, amounting TO
about $4,000 Carter has been in the
bank twenty-nlne years. beginning as mes
senger-boy. and being promoted from time
to time till he reached his present position.
Among his other duties he was required
TO receive and pay coupons and maturing
or called bonds. on comparing ball
ance this morning the officers disoov-
cred discrepancy OF some $4,000, which
he accounted for by claiming 10 have
paid In error that amount of bonds before
their maturity. When asked to produce the
bonds he was unable 10 do so. and ad-
mltted his guilt. 1t is not learned that he
spsculated or INDUCED In any vices. He
claims to have used the money in his
living expenses.
THE loss. OF course, Is not a serious
one for a bank which has q capital OF
100000 and surplus and undivided
profits of s3.5O0,O00 more. but the defalca-
ton Is none the less distressing, as Car
ter had the confidence Of all who came In
contact with him, and he has q wife and
two children"
President Sherman said Carter concealed
the defalcatlon by covering into various
accounts OF railroads and corporations
smaller sums, which, OF course, were not
paid. but were co cleverly hidden that
II was only bv accident that the defal-
cation was discovered. II II had not been
for recent defalcations, which put all
bank officials on their guard. II Is very
probable that Carter's statement 10 the
effect that he paid coupons ahead OF time
would have been acceoted.
The Gmount of the defalcation can only
be ascertal led by an inspection OF the
books for long period. but the amount
is stated on Carers confession.