New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-27
ANOTHER BANK ROBBED.
A TRUSTED CLERK GUILTY.
THE NATIONAL BANK OF COMMERCE THE
VICTIM THIS TINE.

MADE AWAY WITH ABOUT $4,000. But
REFUSES TO TELL HOW HE DID IT
SAYS HE SPENT IT FOR LIVING
EXPENsEs-HE BEGAN HIS
sTEALINGs SOON AFTER
HE GOT HIS PLACE
The National Bank OF Commerce. AT No. %
Nassau-st has been robbed by its transfer and
coupon clerk Edward II. Carter. Of about $4,000
The defalcation was discovered yesterday morn
ing by the officers oc the bank. and Carter was
immediately put under arrest and will be taken
before Justice Ryan al the Tombs Police Court
this morning.
Carter had been in the employ Of the bank FOR
twenty-nine years. and never In all that time
had he been suspected Of wrongdoing, nor had
he ever been known to make any mistakes In the
performance OF his duties, which began as 'hoSe
Of a messenger. For a number OF years ne hiu
held most responsible position, and was ut-
der bonds He had charge Of all the money paid
ont bv the bank for interest on coupons; and, as
the institution was the repository for many
large concerns which paid interest on their pohds
through the bank. large amount OF money
passed through his hands, and for the last fe"
wears II Is believed that he had Systematically
robbed the bank.
been definitely discovered and the amount OF
his stealings may be- more than the sum an
nounced by the banks officers yesterday
PRESIDENT sHERMANS STATEMENT.
The way he took the money. as explained by
W W Sherman president Of the bank Is given
in the following statement made yesterday;
The National Bank OF Commerce has discovered
a Gefalcation 10y it's transfer and coupon clerX'
Edward r. Carter. amounting 10 about &'vn'
carter has been In the bank twenty NM s,i
beginning messenger boy ana pelne p'"'.o'.' NJ.
from time to time TIL he reached his present place
Among his other duties he was reluired ,4 10 hnds
and pay coupons and maturing or caiied e', e2lns,
ON comparing balance this morning llr M, Vnro,S r
discovered discrepancy of some 49," WI Wiyn ~ r~or
that amount OF bonds before their maturity. When
So and admitted his quit II Is not 'eti'i IT. Ina tra
he spccuated or INDUCED In any vices re rian.S sn
lie has been placed under arrest The loss h 2t
course is not a serious one tor the bank. "hlch
divided profits Of half-mIllon more. but ihe lei
.icaiion is none the less distressing. as Carte,
had the confidence OF all VINO came IN ,out"''
with him. and he has wife and TWO chldren'
THE CLERK CoNFEssEs
when Carter was asked explain the dis
crepancv in the accounts he said he had made
little mistake bu, he added 1t would be all right
hv January | The cashier informed him that that
was a poor way t. do business and then after
considerable more questioning Carter confessed
that he had misappropriated the money. The
president u the bank then tel@phoned 10 Police
Headquarters and Inspector Mclaughlin sent De-
tcciive-S Sergeant Doran at 'nce to the oank.
whore Carter was pointed out rs the dishonest
clerk. He was not the least nustered and went
calmly with the detective who took him 10 the
Tombs police Court. where he was brought be-
fore Justice Ryan and reminded until to-day for
examination. Pie was then taken to Police Head
uiIarters where Inspector Mclaughlin had a talk
with him Hc said that his pifcring began
within a short time after h. secured his position
~ transfer clerk Ills stcalings were small at
first bu, Increased and went from bad to worse
H.. iid not tell in what manner he had got the
money nor explain how hc had evaded detection
f,r 80 many years He became roticent when
,t~sf toned closely by the Inspector and after n
short conversation was taken down to his cell
Later IN the afternoon Inspector Mclaughlin
AT the request ~ m" newspaper men. sent de-
i,.tiyc To ark Carter II ne would make any state
mont ~ t. how n" had spent his stcalings He
replied that since his conversation with Inspector
Mclaughlin h. had time t. reflect and deemed II
Ydvisable not - say anything further about his
case.
WHAT PAY DID HE GET?
The announcement by Carter tina, he used the
money FOR his living expenses prompted the
question as To- the amount oi salary he was re-
ceiving FOR the responsible position he hcld
The presdcn; Of the bank refused ~ give the eX-
act amount but said it was pretty good
Sccly. tho cX-bank clerk and now the convict
received about 81. 500 "A year for his responsible
work and i - not believed tnat Garter received
any more although his work WAS more response
lle II has been u current remark In banking
circles for a number of years that the National
Bank Of Commerce did not observe tn" care mat
II should in the examination ~ the work OF the
employees. and once when remark was madr 10
that effec, To an officer OF the bank by the Ma
tonaI Bank Examiner the reply received was
"Oh we trust our employees The president ana
cashier of the bank both said yesterday max IL
was impossible 10 detect the dishonesty of clerks
I'm places Ike Carers and that 1t was only by
accident that such crimes were found out The
National Bank Examiner never saw anything
wrong with Carriers books
The officers Of the bank are William w Sher-
man. president: William C. Duval. cashier, and
Warren c. French. j.. notary The directors
are William w. sherman, j. Perpont Morgan
William Iibbey Frederick Sturges. Charles
Ianicr Charles II. Russell. Alexander h. orr,
John : Kennedy and Woodbury. Langdon
Richard King. who died several years ago was
for many years the president OF the DinK. ana
4 \ Low was the vice ce-presdent The instltu-
ton is enc of the most solid banks In the cry.
As was stated in the remarks by the president
the bank will not suffer To any extent by the
defalcation. and outside OF the fact that II was
a rather curious case and that there ,ao, has been
gross negligence somewhere the uetalca'ioh
crat ted little excitement in Wall Street
cARTER's LIFE IN BROOKLYN.
The shouting OF Extra! Great BANK foo-
berry, aud inquiries by newsboys Tor no zfoA
Monroc-st.. carried the first news 10 the neigh
bors Of Carter. In one OF the quetest blocks of
Kroollyn. that he was implicated like Seely,
Rutt and TAFT all residents of the same part OF
the city. In a defalcaton. Mr. Carter. with his
family including his wife and two children. live
i'm good STYLE In a two-story -ard-a-nalf Drowh-
s,one- front house between Nostrand and Marcy
avcs Last evening information was refused at
the house Mrs. Carter was prostrated by the
news Of her husbands acts and Or. George e.
Ierfrv was called in to attend her. She and her
husband hi { two children one young woman
of TWENTY-FIVE years and the other boy or
nine Mr. Carter is a man OF forty-three years.
and has lived all his life in this State. He Is
~ England descent. For nearly thirty
vears he has been employed In the Bank Of
Ial ha lIiaH In