The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-16
GAS STOCK HIS RUIN.
Valentine. the Defaulting 'ashier'
Tells How lie Lost the Money.


NEW YORK. July l5-It Is estimated
that the theft of George NJ Valentine
The defaulting cashier of the MiddleseN
County Bank at Perth Amboy \. j.
will amount 10 $4,000 or more The bank
examiners are pushing their work Of IN
yestiga ion as rapidly as possible ana
the exact amount will not be known until
the examination has been completed.
Edward $ Savage. counsel for many
years for the Valentine family, and the
man who practically delivered uD Val
entine 10 the authorities. to-day told the
story that Valentine himself related 10
his father. his uncle and his wife, con
cernlng his defalcaton.
Valentine. DE said. confessed everything
at his Office on Thursday last. He ap-
pcared at Mr. Savages office as the re-
suit of an advertisement which appeared
I'm "a New York newspaper on the day be
fore He appeared there at O'Clock at
night. and found gathered I'm the office
besides Mr. Savage. his father, his Wife
and his uncle. Howard Valentine, who
had been summoned.
Valentine was pale and haggard, his
clothes were discharged. and his general
appearance was that OF a man who had
suffered much. Mr. Savage said TO him;
George. your father viii help you II he
can Unless you will tell the whole
truth you may as we'll go out that door
al once
"I will tell YOU everything and do as
you say. 1 can stand it no longer" he
replled
"Very well. are you a defaulter?'
Yes. I am"
He spoke with a forced calm and his
hand trembled violently as he rested It
upon chair TO support himself. lie stood
with downcast eyes and avcrted face.
us it $50 0o07"
"lt is more-it is twice that and more. -
When he said hat his father sunk IN a
temporary collapse into a chair and re-
manned speechless and motonless for
several moments When he revived his
son continued. slowly.
or VIII tell you an and have It over
I do NOT know how much ! have taken
-" Ho hesitated and then went on
/ NO. not taken-stolen is tho word. |
don't know how much. It is AN gone and
the stealing has gone on for long time
But as there is God above me. ] hoped
until tho last 90 make a lucky gamble
and win enough to pay back everything.
Then / was going % stop. My ruin dates
back t0 when Z was given gilt-edge tip
on Gas stock by man VINO snou0 nave
oeen in a position 20 know and who said
it was going away up. I took $4,000 from
the bank funds / lost it almost In a day
From that time till I made my last gamble
on Monday when ! lost SS00'. which l
took from the Perth Amboy Savings In
stltution. 7 tried to catch up on my losses
OF course. ] failed.
"Au I have I'm the world Of my own
as stand here. is six cents"
After reciung how he had lost his last
dollar in Wall street and had gone with
out food because ns mad no money. how
went from doorway to doorway In New
York getting little rest in each when he
had no money to pay for q hotel ROOM
Valentine said his attention was attract
ed by "a personal notice in newspa-
per he had picked mp and he telephoned
10 the number given.
NOW" said Doe. "I am ready 20 give
myself up f you think that ] should.
ANA expiate my crime. I cannot say how
feel in regard To my wife and children
It is too much. l am overwhelmed.
Whon he finished Valentine broke down.
AS he had no money his father supplied
him with some ON Friday De gave him
self up.