The herald., 1897-01-05

forty-two years ago as messenger bay
ana worked his way up to the position CT
cashier Until Saturday there had never
rity. .
The president of the bank. John white
ridge, talked freely about the diccovery
or the shortage.
We have nothing to conceal" said
he The old gentleman was very care
less in his accounts and as long ago as
october asked the new bank exam
iner TO make very thorough examina-
ton the next time he came to the bank.
on Saturday he reported to me that
! there were discrepancies in our ac-
counts with the National Mechanics
Dank of New York and the Atlantic Ma
tional bank of Boston, who are our cor
/ respondents In those cities. Upon this.
MI. David j. Bartlett, the president and
myself agreed to meet Mr.. Manchester,
the examiner, at the bank at 1880 this
| morning.
After short conference we asked
Mr. Cornelius to give us access to his
books and papers. which he did without
the least hesitancy, saying calmly:
! There may be some errors here due to
carelessness, but there is nothing
wrong
| "A few moments later he left the
I bank. Mr., Cornelius was bonded for
| $50, 900 by the Employers Liability as
J surance corporation of London, and it is
my impression that this amount will al
most cover the shortage.
1T has been rumored today that Mr.
Cornelius occasionally speculated in
grain, but we could not verify such
report"
In addition to- other positions of trust
in church matters Mr.. Cornelius was
treasurer of the Methodist Preachers
Aid society, the assets of which were
about S125,000 when last examined by
the society committee January 3, 1896.
when all was found correct.
No event in years has caused such ex-
citement in financial circles, where for
more than forty years Richard Cornelius
was looked on as the exponent of
straightforwardness and business integ-
rity.
INDICTMENTS FOUND.
WASHINGTON, Jan. 4.-The grand
jury today filed three indictments for
embezzlemert against Francis J Kick
hoefer, formerly chief of the bureau of
accounts of the state department Kick
hoefer was dismissed October 26 1895,
when the irregularities in his accounts
were discovered.
The shortage is alleged by the gov
ernment, in a recent amended declara-
ton. to aggregate $l27. .544 The indict-
ments only cover a little over $40 900. the
amount which the prosecuting officials
believe they can prove the ex-distribut-
ing officer never accounted for. The in
oictmentS specify $1S.299 embezzled on
July =, 1895; SIG, $50 on October %, 1895, AMI
s55S4 on October 26. 1895. The first two
amounts were principally part of the
indemnify funds paid by foreign govern
ments on account of United States ci:i-
zens. Mr. kickhoefer is now under
heavy bonds to await trial. He was dis
bursting officer of the state department
from January 2S, 1884. to October "a 1885
and the simultaneous announcement of
his shortage and removal from office
created big sensation.
WHOLESALE CROCKERY.
QUINCY, H.. Jan. 4.-The wholesale
and retail crockery store of H. Riduer
Il Co. failed today. Assets sac, 900, Habil-
tiles 100000.
CHICAGO SHORTAGE
CHICAGO, Jan. A shortage of over
$4,000 has been found in the accounts
of Samuel B. Chase. ex-county recorder
and County Attorney lies has recon-
mended that criminal proceedings and
suit to recover the shortage be institut-
ed.
FAILURE FEARED
NEW YORK, Jan. 4-The World to-
morrow will say: Sensational rumors
are anOat concerning the affairs of the
Globe Fire Insurance company of New
York, of which f. c. Jameson is presi-
dent and j. c. Frelinghuysen is the gem
eral agent. jameson and Frelinghuysen
are also partners in business house.
Charges against the officers of the
Globe company are contained in an of
fcial report sent to w. S. Matthews, su-
perintendent of insurance of the state of
Ohio, by Special Examiner Selden r.
Hopkins and his assistants, Messrs.
Frogge and Matthews. The Ohio exam
iners say that owing to the refusal on the
part of officers their work could not be
concluded. A cursory examination had
disclosed that there were at least two
sets of books" and "also third set of
books" in which at least some of the
important details have been recorded.
One set is to show examiners, it is re-
ported. another not to be seen by exam
1nerS or other persons authorized to ex-
anime the affairs of the institution. The
request of the examiners for certain
books was resolutely refused, despite the
fact that President Jameson was inform
ed of the law of Ohio, under which the
examination was being conducted.
The examiners say it has been impossi-
bic to learn the number of policies in
force because the records are so conf1s-
ing and unreliable. The examiner finds
a record in the disbursements of the com
pany of a loan of $4,000 made during the
month of December to General Agent
Frelinghuysen.