The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1895-12-13
MOORE GIVEN UP.
Bondsmer Deliver Him to Gus
tody of Sheriff.
Ex-Cashier Lane Must Pay tho Penalty
II For His FOolishness-He Depended Upon
Promises Which Were Broken.

Ex-Cashier Lane Must Pay tho Penalty
For His Foolishness-He Depended Upon
Promises Which Were Broken.
MANCHESTER, N. H., Dec. 10.-Judge
Nathan P. Hunt, the president of the
Merchants National bank, has made the
following statement:
Last summer. soon after / was elected
president of the Merchants Narional
bank, I discovered that DR.. Joseph @.
Moore was exiting" checks through the
institution, and at once notified him and
the cashier that it must be stopped. Later
on we received from him for credit to his
account many checks which were pro-
tested, and on Sept 90 voted to close DR..
Moore's account and have no more bust
ness with him, of which action he was in
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. s, when Mr.. Heard, the
National bank examiner, appeared to
make the usual examination, Mr.. Lane
called me aside and told me that instead
of having about ga, 900 to our credit in the
National Bank of Redemption in Boston,
rs our books showed, and as we supposed,
our account there was slightly overdrawn.
HE then said he had used the money in
cashing DIR. Moore's paper, and explained
that the doctor came to him with check
for $1,000, which he paid and sent to Bos-
ton to be credited to our account there.
This check was protested, and OF course
charged against us and then sent back to
us. When Mr.. Lane received 1t, instead
of entering it upon our books against our
Boston deposit, he laid it in a drawer, and
upon DR.. Moore's assurance that he would
take care of it in d few days, left it there
"A few days later Moore appeared with
a much larger check which he assured
Lane would be paid, and exchanged it for
the first 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 Monre's checks at the
expense of the Boston funds, and to con-
ceal it by neglectng to enter the transac-
ton on our books, until the arrival Of Ex-
aminer Heard. whom he knew would go
to Boston to verify the Redemption bank
account. when the
Deficiency Announced 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 he could make good
the shortage Since that time something
over $1,000 has been paid on the protested
checks, and Mr.. Lanes loss reduced that
amount
He at once resigned his position as
cashier and transferred to the bank all his
property, which was sufficient to make
good the banks loss, and the institution
has not suffered a penny by his terrible
mistake. Mr.. Lane had the entire conf |
dence of our board, as he had of the whole
community, and we shall have perfect
faith in his honesty, which has been
proved by long life of integrity; but, of
course. he could not Nretain his position as
cashier after WHIST has happened. 4
1--WE know he did not, could not, ex-
pect to profit dollar by what he did, and
he has our sympathy in the condition in
which he has placed himself to accom-
mOdate another. 1t is understood that he
is now pennless, and how much, if any
thing. he will be able to recover from the
wreck Of his fortune through Moore's |
ability and willingness to 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 |
to the comptroller of currency relative to |
the Merchants National bank. The comp |
troller notified Bank Examiner Heard to |
begin an investigation, and DR.. Moore's |
checks will figure in the alleged false re-
turns. 1t is natural, then, that Lane will I
be prosecuted, although he will probably |
be lightly dealt with on account of his re-
endorsement to the bank
Moore In Custody.
The announcement that DR.. Moore has |
been delivered into the custody of the |
sheriff created "a decided sensation in this
city.
Moore was taken into custody at the in
stance of his bondsmen, Roger q. Sullivan |
and Hiram d. Upton. They are his bonds |
men to the extcut of $4,000 on the two |
indictments in the cases growing out of |
the smash of the Peoples Fire Insurance |
company and the Deryfield 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 crisis in his |
career was not unexpected by many. His |
alleged dealings with Cashier Lane,
whereby the latter was compelled to 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.
One Way to Show Love.