The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-10
DIR. MOORE.
Bondsmen Place Him In Charge OF
the Sheriff.
LANE IS IN A PITIABLE PLIGHT.
Was Gradually Drawn Into the
Net by Moore.

MANCHESTER, n. H., dec. lO.-Ihe an
nouncement that DR.. Moore had been de.
livercd into the custody OF the sheriff
created n decided sensation in this city.
Moore was taken into custody at the in
stance Of his bondsmen, Roger q. Sullivan
and Hiram ID. Upton. They are his bonds
men TO the extent of $4,000 on the two
indictments In the cases growing out OF
tho smash of the Peoples Fire Insurance
company ant the Derryficld Savings bank.
The circumstances attending the down
fall Of the financial institution with which
he was connected are still fresh in the
minds OF the people, and n crisis in his
career was not unexpected by many. His
alleged dealings with Cashier Lane,
whereby the latter was compelled 10 make
good over $4,000 worth OF Moore's paper,
which was deposited with the Merchants
National bank, have been the subject OF
widespread comment
Judge Nathan p. Hunt, the president Of
the Merchants National bank. made the
following statement:
Last summer, soon after was elected
president OF the Merchants National
bank, I discovered that DR.. Joseph q.
Moore was "kiting" checks through the
institution, and at once notified him and
on we received from him for credit TO his
account many checks which were pro-
tested, aud en- Sept. % voted to close DIR.
Moore's account and have no more bust
ness with him, OF which action he was i'm
formed in writing, and Mr.. Lane, the
cashier, was told orally.
1--WE supposed this ended our business
transactions with him, and congratulated
ourselves that we had closed it without
loss On Nov. D. when Mr. Heard, the
National bank examiner, appeared 10
make the usual examination, Mr. Lane
called me aside and told me that instead
of having about Si4 900 To our credit in tho
National Bank OF Redemption in Boston,
as our books showed, and rs we supposed
our account there was slightly overdrawn
HE then said he had used the money IN
cashing DIR. Moore's paper. aud explained
that the doctor came 10 him with a check
for $1,000, which he paid and sent to Bos-
ton 20 be credited 10 our account there.
This check was protested, aud of course
charged against US and then sent back tc
US. When Mr.. Lane received IL, instead
of entering IL upon our books against our
Boston deposit, he laid IL in drawer. and
upon DIR. Moore S assurance that he would
take care Of IL I'm few days, left IL there.
Irsm had to Worse.
"a few days later Moore appeared with
q much larger check which he assured
Lane would he paid, and exchanged IL for
The flrsr one, receiving the balance in
cash. This, too came back protested,
and went into the cashiers private
drawer Beginning in this way, Lane
continued TO cash Moore's checks at the
expense of the Boston funds, and TO con-
ceal IL by neglccting To enter the transac-
ton on our books, until the arrival Of Ex-
amner Heard, whom he knew would 20
to Boston to verify the Redemption hank
account, when the deficiency amounted TO
$4,000
This has been paid on Dr.. Moore re-
peated promises. and Mr.. Lanes own hope
and expectation that the full amount
would be repaid and ho could make good
the shortage. Since that time something
over 5000 has been paid on the protested
checks. and Mr.. Lanes loss reduced that
amount.
He at once resigned his position rs
cashier and transferred to the bank all his
property, which was sufficient 20 make
good the banks loss, and the institution
has not suffered u penny by his terrible
mistake. Mr.. Lane had the entire conf
dence of our board as ne had of the whole
community, and we shall have perfect
faith In his honesty which has been
proved by a long life of integrity; but OF
course, he could not retain his position as
cashier after what has happened.
Eve know he did not, could not ex-
pect 10 profit dollar by what he did. and
he has our sympathy in the condition in
which he has placed himself to accom-
modato another. IT is understood that he
Is now pcnnless, aud how much, if any
thing, he will be- able To recover from the
wreck of his fortune through Moore's
ability and willingness 20 discharge his
obligation Is OF course a matter OF con-
lecture"
1t Is probable that Lane may be prose-
cuted by United States District Attorney
Branch for presenting two false returns
10 the comptroller of currency relative 20
the Merchants National bank. The comp
troller notified Bank Examiner Heard 10
begin an Investigation, and Dr. Moore's
checks will figure in the alleged false re-
turns. Ii Is natural then, that Lano will
be prosecuted, although ho will probably
Dc lightly dealt with on account of his re-
endorsement TO the bank