The times. [volume] (Richmond, Va.) 1890-1903, 1894-12-27
PRICE TWO CENTSs
A SHORTAGE OF $50, 900.
ANOTHER NEW YORK BANK CLERK
GOES WRONG.
Edward X. Csrtsy, Transfsr Clerk In the
National Bank Of Commerce, Copfsssss
to Having Stolen This Amount.

NEW YORK Dec. 26.--Anothcr dishon.
est bank clerk fell into the hands OF the
police to-day. The prisoner is Edward Il.
Carter, forty-four years old. Of No. 2ss
Monroe street, Brooklyn. who has been
employed for the past twonty-ninc years
as transfer clerk In tho National Bank
of Commerce at No. % Nassau street. OF
which Mr.. william W. sherman is presi-
dent. His stealngs according TO hts
own calculation ,aggreSdtc 5000. lie de-
clines To tell how he spent the money.
President sherman sent a messenger to
police headquarters about o'clock this
afternoon II inform fnspccttr Mclaughlin
that there was man In the employ OF
the bank whom they had aseeTtained had
been stealing money. The Inspector sent
a detective at once 20 the bank. where
Carter was pointed out as the dishonest
clerk. tie accompanied the detectiye
calmly TO the Tombs Police Court, where
he was brought before Justice Ryan and
remanded until tomorrow for eNamn3-
tion He was then taken TO police head
quarters. where Inspector Mclaughlin had
talk with him. lie said his pllfering
began within q short time after he Sc
cured his position, and continued up TO
tie present time. During hts entire peri
0d OF service at the bank he always heid
the position OF transfer clerk. His steal
ings. he said, were small at first but in
creased, and. TO use his own words, went
from bad to worse. lie did not tell In
what manner ne had got the money, nor
explain In what manner or by what means
he had evaded detection for 80 many years.
lie became reticent when questioned close
y by the Inspector, ana after a short
conversation was taken down TO his cell.
THE PRESIDENTS STATEMENT.
President ". W. She man, OF the Bank
of Commerce, made the following state
ment late to-day:
The, National Bank OF Commerce has
discovered a defalcatiou 10y IT'S transfer
and coupon clerk. Edward x. Carter.
amounting tp about $4,000. Carter has
been In the bank twenty years be-
ginning as messenger boy. and being pro-
NOTED from time to time till he reached
his present position. Among his other
duties he was required 10 receive and
pay coupons and maturing or called
'bonds, ON comparing ii balance this
morning. the officers discovered ais
crepancy of some SlS,u01, which ho ac-
counted for by claiming 10 have paid In
error that amount of bonds before their
maturity. When asked to produce the
bonds ne was unable 10 do 81 and adj
mlttod MS Sullt. III II not ledfneu TINT
no specuated or INDUCED in any vices
He claims TO nave used the money III MS
living expenses.
The loss, of course, ls rot a serious one
for the bank, which has capital OF five
million dollars and Il surplus and undivid-
ed profits of three and a half million more,
but the dcfalcation is none the less dis
tresslng, as Carter mad the confidence OF
all who came I'm contact with him. ana no
has a wife and two children
President Sh rmdn said Carter con-
ceaIed the defalcation by covering into
various accounts OF railroads and cor
porations smaller sums which, Of course.
were not paid but so cleveriy hidden that
il was only by an accident that the defal-
cation was discovered. II IL had not been
for recent defalcations, which put all the
bank officials on their guard. IT is very
probable that Carter's statement TO The
effect that he paid coupons ahead OF time
would have been accepted
The defalcdtion can only be ascertained
by an inspection of the books for "a long
period but the amount IS stated on Car
ter's confession.