The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-27
STOLE $4,000 IN 29 YEARS.
Another Dishonest Bank Clerk Comes TO
Grief in New York.

The National Bank of Commerce the
Sufferer by His Peoulations-The Dis
covery of His Shortage Made by Acct
dent-He Was the Transfer and Cou-
pom olerk-He Claims to Have Used
the Money in Paying His Living
Expenses.
New York, Dec. 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 has been employed
for the past twenty-nine years as a trans
fer clerk in the National Bank of Com
merce at No. % Nassau street. of which
William W. Sherman is president. His
stealings, according TO his own calcula-
ton. amount to $4,000 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 McLaugh-
lin that there was a man in the bank s
employment whom they had ascertained
had been stealing money. The inspector
sent a detective at once to the bank
where Carter was pointed out as the dis
honest clerk. He accompanied the detec-
tive to the police court. where he was
brought before Justice Ryan and remand
ed till tomorrow for examination. He
was then taken TO police headquarters.
where Inspector Mclaughlin had talk
with him. He said that his pilfering be-
% ba oarttraI
his position with the bank. During his
entire period of service with 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
did he explain in what manner or by what
means he evaded detection for so many
years He became reticent when ques-
toned closely by the inspector and after a
| short conversation was taken down to his
cell.
President Sherman made the following
| statement to-day: THE National Bank
/ of Commerce has discovered defalcation
| by its transfer and coupon clerk, Edward
| r. Carter, amounting to about S3OOOO.
/ Carter has been in the bank twenty-nine
/ years, beginning dn IitSStllhEi boy anu w
! ing promoted from time TO time till he
reached his present position. Among his
] other duties he was required 70 receive
! and pay coupons and maturing or called
i bonds On comparing balance TINS
! morning the officers discovered a discrep-
/ ancy of some S2S, 900, which he accounted
| for by claiming to have paid in error that
/ amount of bonds before their maturity.
When asked to produce the bonds he was
unable to do so, and admitted his guilt.
! 1t is not learned that he speculated or in
| dulged in any vices. He claims to have
used the money in his living expenses.
! The loss, of course, is not a serious one
! for the bank which has a capital OF
! 81, ,0oO.O 600 and surplus and undivided prohts
! of $500, 900 more, but the defalcaton Is
/ none the less distressing, as Carter mad the
| confidence of all who came in contact with
| him. and he has a wife and two children.
President Sherman said Carter concealed
| the defalcation by covering into various
| accounts of railroads and corporations
smaller sums, which of course were not
Maid. but so cleverly hidden that 1t was
/ only by an accident that the defaleatlon
was discovered. If 1t had not been Tor re-
/ cent defalcations which put all bank ON
GERS on their guard, it is very probable
that Carter's statement to the erect that
he paid coupons ahead of time Would nave
/ been accepted.
The exact amount of the defalcation
can only be ascertained by an inspection OF
the books for a long period, but the amount
is stated in Carter's confession.