Delaware gazette and state journal., 1895-10-03
THE BANK WILL NOT LOSE
This is What officials Say About Teller
CleaVer'S Departure.
HE RESIGNED AT THEIR REQUEST
Outside Parties Lose Money
Loaned to Him.
WILL GO INTO BUSINESS DOWN SOUTH

WILL GO INTO BUSINESS DOWN SOUTH
Much Talk Occssioned by the Abrupt
Departure OF william q. Clsaver, Teller
of the Delaware City National Hank
The Bank Directors Demanded His Resig-
nation, But They Say the Bank Loses
Notbing--somo Of His Outside Trans
actions. siftf -..a
William G. Cleaver, aged between 25
and 80 years, who for nearly five years
has been paying teller of the Delaware
City National Bank, has resigned that
position at the request of the directors
OF the institution and has left for the
South. A reporter OF 'The Gazette"
called at the bank on Tuesday
and in reply to the query as to whether
the young man was defaulter,
Cashier Francis McIntire, who was
the only person in the bank, said (:
"The bank is all right. {"
1t was reported that the books had
been tampered with, but neither
Cashier McIntire nor any Of the direc-
tors who could be seen would admit
that they had or deny that they had
not. Mr. McIntire informed the re-
porter that he had nothing to say for
publication. "The bank is all right"
he said, and that is all the public
need know
Butt the reporter insisted, "there
are all kinds Of reports in circulation,
and | desire to get the correct story. y
But Mr.. McIntire would say nothing
more except he admitted that the
young man resigned last Wednesday at
4 gryaes)1ne request Of the Board of Directors.
~ The cashier also admitted that Cleaver
,~had been borrowing money from de-
Vpositors, but he insisted that the bank
was not affected in the least by any OF
the young mans actions.
1t appears that recently the directors
were Informed that Teller Cleaver was
borrowing money from depositors, and
early last week an investigation was
commenced. President Cleaver, who is
adistant relative of the young man, and
Cashier Mclntire concluded to go over
the books, and Ii is understood they
made thorough investigation. Just
what they found has not been ascer-
tanned, as they refuse to tell, but it
was announced on Thursday last that
the young man had practically been
dismissed from the bank. Several of
the depositors made inquiry, but they
got the same reply as the reporter,
" that the bank is all right.
For some time, probably as far back
as two years ago, Cleayer has been hor-
rowing money in sums ranging from
So to S700, and great deal Of the
money borrowed has never been re-
turned Probably the heaviest loser is
Thomas Turner, a hard working man
nearly so years of age. Of whom he bor-
rowed 800 more than year ago. He
got it on note, which was endorsed
by H. @. Clark. The young man
represented that he wanted TO repair
,fte house in which he and his sister,
fCfd brother lived. The old man had
al mown him for years, and although he
rl;ahd very little more than the amount
? In ked for, he loaned it with Mr.. Clark
q security. 1t is understood that $500
was to be paid at the end of a year,
and a new note was to be negotiated
at that time.
"Twenty.one dollars is all ever
goi," the old man told the "The
Gazette reporter, who found him in
of his humble dwelling Yes" he
continued, ~ got S2l, the interest for
the first six months and at the expira-
tion of that time the note was not re-
newed. ] knew nothing about bank
ing laws and it was some time afterward
that learned the condition Of affairs
In fact, knew little about the matter
until the young man had left town last
Thursday. When the first six months
were up kept asking the young man
for the money, and he kept putting me
off. Everybody thought he was honest
and had confidence in him. ="
There are numerous other creditors
in the town. Cleayer's favorite plan
was to apply to depositors who came
to the bank to make deposits If it
was large sum, he would ask for
loan of the check for few days,
stating that he wanted to make some
improvements to the house, or do some
thing else for the benefit of himself or
his people. To some of the parties
from whom he borrowed money he
would give as security various kinds Of
stocks just what he was doing with
so much stock there seems to be but
one explanation. III was generally
thought that for some time past he has
been dealing in stocks. Since Cleaver
resigned Cashier McIntire has been
taking care Of the affairs of the insti
tuition alone. A meeting of the direc-
tors was held Monday, but there were
so many applicants for the vacant posi-
tiop that nobody was chosen. 1t is
understood that there we're 10 persons
in all who made application.
W N|iOdhOI 10 q sun vi ilt
late Edmund d. Cleaver, and he sue
ceeded his father after the death of tho
latter about five years ago. He was
then employed in Wilmington.
When William left the town on
Thursday he told some of his acquaint.
ances that he was going to Talapoosa,
Ga, where he had an interest in d
vineyard, and it 10 believed that he
has gone there to live
Ceayer was member and regular
attendant at the Presbyterian Sunday
school, and he was regarded by the
majority OF people as most exem-
plary young man. 1t is thought that
his borrowing was not exposed sooner
by the fact that it was done so quietly
that for some time each of the victims
J thought he was,the only one.
Mail Clerk Falls from u Car.
n II RechtaiI a rni ltt,ux, y,outnl