The Providence news. (Providence [R.I.]) 1891-1906, 1899-06-09
| MANY FALSE
ENTRIES MADE.
Hough O0Ct0red Accounts in
Cocheco Bank Ledger.
ACTUAL DEPOSITS REDUCED.
Comparisons With Deposltors' Pass Books
Show Many Psculatons.
THE ELDER HouGH AND HALEY RUINED
Much Sympathy In The Community for Them-In
One Case Hough Reduced falhsr's ceposit
Of $3l57 10 $1oO on Ledger
THE ELDER HoUGH AND HALEY RUINED

Dover, n. H., June 9.-Receiver l. II.
Carroll OF the cocheco National Bank.
and his assistant. continued the work
Of examining the affairs OF phe insiitu-
tion all day yesterday.
The pass books are coming in rapidly
and the comparisons are being made as
fast as possible.
OF those WHICH have been examined
in every instance where the customer
carried a substantial balance always
above the amount OF check ne had out,
discrepancies between the pas book
and the ledger were found.
Money thus deducted by Hough from
the depositors' accounts has been dis
covered so generally in the number OF
pass books examined today in amounts
from 500 to $4,000. according TO the
strength of the deposit. that II war
f@nts the belief that the loss to the
bank Is much larger than the limit Of
$4,000. previously estimated.
III the percentage OF stealings from
depositors is carried out, il will raise
the amount of the defaication TO $4,000
or $4,000. This is now admitted TO be
more th.sl probable.
BOTH FINANCIALLY RUINED.
Ralph Hough, Harry's father, are prob
ably financially ruined. Both have
passed the three-score- -years-and- ten
mark. and both have been well-to-do in
their day.
1, is universally believed that they
have been left without dollar.
Mr.. Haley's situacion is not due,
however to any OF the acts OF Hough's,
except the losing of his situation. but
unauestionably Mr.. Hough the senior
suffered many losses through his sons 5
fondness for the geeful stock ticker.
The outlook is not @t all hopeful for
either OF the men. and sympathy is
widely expressed for Them especially
Mr.. Hough, who has been an honored
citizen of Dover for great many
years.
The President of the Cocheco, Bank.
Mr.. Lothrop. is "a very able man, but
he has so many business enterprises
that he was unable 10 give much at
tention TO the affairs OF the bank. One
director lives at Haverhill. and could
not attend many meetings, another was
Harry Hough's father, who left almost
everything to his son, while others did
not take occasion to pay particular al
tention TO the affairr.
Formerly both Mr. Haley and Harry
were directors. and while they acted in
that position got into the habit of run
ming matters about 20 suit themselves.
They kept this up after they left the
board Harry Hough gradually. as
years went on. winning Mr.. Haley's
confidence TO the extent that he was
allowed TO do about as he pleased.
HOUGH'S PRIVATE TRUST.
Harry Hough appears To have follow
ed met DDS which bear a striking re-
semblance to those of Murphy, the de-
faulting teller Of the Salem Savings
bank, and now serving sentence in
Charlestown state prison.
Murphy defrauded depositors by
making false entries In deposit books
of less sums than the amount of de.
posits. and from the latest information
in the Hough case IL is said TO have
bsen discovered that Harry Hough fol-
lowed the same course, notably in the
case OF his own father An astounding
relation is the statement that Mr.. Y.
Hough the missing treasurer's parent.
has discovered that a deposit of s3l57
which he had recently made in the saw
ings bank wit hthe intention TO distrib-
ute Il among the heirs of the Carl V.
Kisteman estate, of which he was ad-
ministrator, had been entered on thu
book OF the treasurer as deposit OF
500 merely and thai no entry of the
balance of more than $4,000 could be
found.
III is reared, out IL IL NOT yet hloWn'
that there may be several similar In
stances. That is why the work on tho
deposit books is going on as rapidly as
possible. with the idea OF finding all
the false entries that have been madA
If there should be many discovered. it
will probably turn out that the Coche-
co National bank had a much larges
amount OF deposits than was given IL
i'm the reports. However. the only ac-
tual knowledge is that the investiga.
tors are daily finding larger and more
discrepancies than they anticipated
when work on the books was begun.