Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-25
HEAVY DEFALCATI0N
Tss Esy York Shoe and Leather Bank
Loses SS54,0O0
1 BoOK-StEPER THE CRIMINAL.
ga M Confederate n Deposition Of
Long standing Who Has Disap-
pesrcd With Him

NV YORK. November 2L-John NJ.
80. tho president OF the National Shoe
f,.,hcr Bank. gave out the follow
...truent Of the bank this afternoon:
o.. ,ac Public:
., ,.at -kcepcr OF :his bank his disap-
and the result Of a thorough in
...aan. made at our request by a
.....l hank examiner. has proven him
e.altcr 20 the amount Of $25i0o0. 20
..., which tho directors have called on
.tholdcrs for an assessment suiii-
amply cover any deficiency. We
......s a statement 10y the Clearinghouse
..--rcc John ". Crane, president"
.-.. g,,lring-Houss Committee, which
.....f the bank. make the following
........nt. a recent examination OF the
...-s ~ the National Shoe and Leather
sank lv national bank examiner de-
..... "a dcialcation Of $4,000. and upon
...,.en by the clearinghouse Com
... -.ts loss IS confirmed. The com
af. unanimous In the opinion that
..l-tlrI'ng this ,oss the bank is IN
squad condition. and able to pay Its
.f.ga
S..-.D George J.. Baker. w. w.
-..7. r.. II. Perkins. Jr., and G. G..
.-rs committee"
.. GLOWING officers were present dur
t.,.F. ,Nrmiustion. and have pledged the
.... .-.r assistance n required: George
....r D. h. Tapneu. G.. G.. Williams,
r . cannon. J. Edward Simmons, J..
70 -ht.s Dr.. and W. a. Nash.
TuE DEFALCATIoN.
President Crane. Of the defrouded bank,
.. ..rr az the affair. said: "rha de-
..- l.Ik-kccucr s. Samuel G. Selcy,
r.-.y street. brooklyn. He has
. . f.e employ Of The bank for the
d.. fourteen years. and was one OF the
f...f.3 employees. on last Friday
. ..y applied for leave Of alb
ONCE saturday, promising TO return
morning 4 substitute was pat
-k o. l.s books on Saturday, and
F aI0l u appear on Monday
trr same substitute resumed
. tt. books These were discovered
.....a such condition that an cXamina-
. n.y. fN.u Wrs Immediately made by
o. n the bank. This was fin
..I the amount OF tho dcfdicati0n
. lr Tuesday night. On Wednesday
r....t rr National Bank Examiner j..
..I who finished his labors and
, or statement this morning.
guaranteed hy tho United
rautee Company for $50. and
q th7t company considered
t 70 their best risks Sclcy was
rr N.tv 0r.ct habits. lie has
$3.50 Children. The whereabouts
.-- unknown. His wife at pres
r ,tratCj by the shock OF HIS
..l Subsequent Sight. She is very
. l..c been told"
hE ACCOMPLCE.
er worked through confederate on
... who haI been depositor In
fr thirty years. whose Identity
Steers VIII not now reveal, and
l.s ppear-l with Seloy. The
. rrrsII the o,1-fash'oned ledger
method which permitted the con-
% 'z.st without detection. Under
system no dtp17it-sl.ps are used
.. ..tlr simply presenting pass
no which the blok-kseper writes the
10 81 the deposit.
... scheme "a worked by Soley and
f emf. IfrItc, was very simple. Seley
,--I l.lss credits on the pass-book
t- .atu amounts. charged them in an
..t account aud carried these charges
..r ga % clever way from year 10 year.
pec.at.ous began about five years
1rI had sweLeI - the total Of
tsf when the discovery was made.
.. .ima a&l the bank decided % change
r ,.-tcm Of keeping books and adopt
..rc modern method Seley imme-
.y knew that his Justification OF the
would Dee revealed ana disappeared.
name of the l-p0sitOr impll Gated
t.. f..I. Keeper Selty IS said To he
..k Baker. q lawyer The bank
...s entertain sar gums hopes Of bring
.. t.cr one or both 20 justice, and
.....s "a least part Of the lost money.
Examiner l(imbau this afternoon
.. f.t after the discovery OF the ue-
.... h- the bank officers meeting
.. t.- directors Was called for Thursday
,..t I.oh-keepcr Seley's lawyer, Frank
e. .r. attended the meeting by pre-
.---..u.ut with his client lie made
...t. ..t 90 the directors Of tho bank.
.... . Substance. the story OF the de-
l-. u.s. to'l 20 him 10y Sclay.
t-r'. said Seley told him that ne
fl.I lr.ntel by only }l1,0o0 Of the
.......u The balance of the money,
L.I been secured by the de-
whose r.mc the bank officers
.r...r.
POLICE At WORK.
r.ra,.. machinery all over the ooun-
..t working. and IS working
. eject tina capture Of the men.
...,e the detectives have IS not yet
st..s wife is ID, and at the
.ath from the shock
..I Be- remarkable, inasmuch as
10 present 10 explanation OF
1900. ~ tie money. Having
DOL. share u the $354W0. Seiey
-f- .u some speculation, or saved
ra.t when exposure threaten
. Toxic to flight ana live at
t. pest of DIS days. According
.mms opinion Of the bank
B.. Used within his income,
comfortable. If not large.
u.n II democratic tastes. te
Uun1 4. attended the races,
.- ts time with abandoned wo-
WAS much respected ana
'. al wa, knew him.
.r dedication is the largest
on. fIl robbery. Of the Ninth Ma
.- IN l,H. lI.u was president
.. ana the discovery OF his
was not made until after his
I..s a.ralcauon amounted 10
u IIc was In charge OF the
tY tr. time u hls death, and the
Was discovered shortly after
took Office.
SIS THIS sELEY'S PAL?
r" $685. l.. J.. November A-Frede-
I..ar. q prominent resident OF
.t. was found drowned to-day
IDS upturncd. boat. II IS stated
home other than the Frederick
whose name IS coupled with
.-ktsper s. Icy ia connection
....... rr ~ the National shoe