The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-27
PRICE Two CENTS:
THE BIG DEFALCATl0N.
BAKER Would HAY w BEEN ARREST.
Ed BOT FOR MS DEATH
his Sous DeclA Q that lie W A. not Evea =
Depositor. but ths Teller sa,s lie wss-
Nothing Xsi from ssigy.


ker, the lawyer OF 90 Broadway and -
west SEVENTEEN street, who Was drowned
AT sands Point about II o'clock on sat
urday forenoon, would have been arrest
Ell that night but FOR his, death. on "A
chalge or plundering the Shoe and Lesth-
et Sank or more tnan {J5trJ. with the
cohhNance or Samuel G. Seley the run
While this is true. his sons lnsist that
me bank officials had made a horrible
inlStdhe ana sworn out warrant for
SnG Snt,a wrp3nS man; They say that their
I3'her htd NOT had an account az tne
Hhoe ana Leather Bank for five years.
tnat there Is nothing among his papers
suoWlng any transactions with the bank
tnat ne died rich man, and that II
Setey mad an aCcOmpice named Baker
II thuS' nave been another Baker.
IHE rELl.tR's sTArtMANr.
Against the dead mans sons asser-
tion that their father had had no ac-
count In the Shoe and Leather Bank for
ilVe years. Is the identification OF the
body by Paying Teller Gilbert Sayres. OF
the bank. who asserts that he has paid
coliateralS TO Baker personally at least
three times "A week Cor eight years past
Bakers account IS still open, with "A
dollars.
The bank was open to-day for bust
ness, ana no one could tell by appear
anees OF the cashier. clerks or paying
teiers that anything out OF the ordinary
had taken place
Business was begun with a million and
a half IN the vaults, There was not tne
sslshtest sign of any run. On the con-
lrarV, the president has received letters
from large depC sitors and presidents OF
out-of-town banks rendering assistance in
every way and offering to Increase their
deposits II necessary.
IN PRESIDENT rALKH.
The president declined all offers. lie
SAID to-day The defalcaton has been
placed at the maximum. There is not
the slightest chance of IL exceeding tue
amount published. namely, S}5f00. but
may possibly proYe less. We can easily
make 10 good, and the bank is in no digi-
Guilty.
I'm a manner it is better for US that
Baker is dead; We understand that he Is
a very wealthy man, and, although he
mas pursued peculiar methods In investing
MS money, we have no doubt Of. I'm time
being able 20 place our hands on "A large
amount OF H. and 1t Will certainly De
easter TO proceed against the estate thar
against him personally, for IL he were
every way"
Up 70 date no word or trace OF the
abscondlng bookkeeper. Seley. has been
heard. stories are coming TO Iight about
both Seley and Baker Bakers friends do
ii,, not deny that Baker ana Seley were ac-
qhilnted. Some OF them assert that Seley
was an inveterate rool-room SAMPLER.
Against Baker IL is told that he has
deIralded es ates Of which he gained
d ii1n'Iol as executor or trustee through
nus general good reputation. a man
named Augustus kagel, who lives on
staten Island, was tracing property to-
day OF which Baker held possession as
trustee for kagel and his sister Part
or the Kagel estate consisted of sixty
hVe shares OF Chatham National Bank
stock. kagel learned at the bank that
Baker transferred the stock 10 other
kagel heirs continuously sinre that time
The dividends declared upon the stock
The transfer was legal as Baker had
me power as trustee, 10 dispose OF the
BooKaEEFERs sBGpTED.
The Seley defalcation led TO consider.
dple ahtunS OF book-ktepcrs in the
downtown banks to-day. \ number OF
the leading banks also called i'm their
asposiiLofs, books for the purpose Of
It leaked out to-day that discount
clerk In the National Bank OF the Re
Paollc was found last August 10 bo S32-
coVery was made the defaultor was
promptly dismissed. and relatives. n il
Stld. made good "a great part Of hls
steaHnSs. The bank officers decline to
give the mans name. although thov
ADMIT the facts, and assert that the net
1858 TO me bank was little over 500
bdker had a compartment I'm the Park
Efd1'Qhat hahk safety deposit vaults Al
me instance OF the Shoe and Leather
Bank this was opened to-day. but uotb-
ing was FOUND except a small amount on
money Takers will and other Iegitimate
pdperS. There was nothing to throw any
Ilght upon his transactions with Selav
Lawyer Angel, Of Jersey CITY. SeIevs
counsel, Is In an unenyiable position. lie
ls constantly shadowed by detectives.
ana his house was searched early thl,
morning by Pinkerton men, upon the
4ulposition that Angel was harborirg
oeiey I'M hiding. Angel stoutly defends
5eicy from all aspersons upon his habits
anl character asserting hat he was
Bakers victim. Angel expresses the he
lef that Seley will shortly give himself
up.
BIAer Body den 10 .d
NEW YORK. Nov 26.-Desplte the asser.
tons Of Frederick Bakers sons. that
their father IS not the man implicated
with Seley in the loOting ol
the shoe and Leather Bank
and did not even have an a.
count there. Paying Teller Sayres. who
Tor eighty years cashed checks for Baker
personally al least three times "A week
has positively Identified the body. The
bank opented to-day and no one could
tell by the appearance that anything
out OF the ordinary had taken place.