The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-02
EMPLOYEE UOBS TIFFANY co.
.vot,tsifD ~ HfBORIfT 10
no INDFR sm0OO
Semen, in me JcveIry trade i'"d ~ H"rh
ts,ssr ~ Tas ~ tsn Ise 'ra'"ed.
r,,rs W., Dane bt i'sadl"s Psyro''s
u,,,s, s,m tndrr investigation.

1,,,s vs, Dane Nv 'aadlaa PayTo'is
ust,ss SIN tndrr Investigation
- ..yeral DAYS fumora have horn cur
,.,, :, tho iewrlvy trade and eisewhere
ina, Tiffany 4 Ga. had suffered heavily
,.r.,,Iv through a drfslc'tion som" of
ho.. ,nmor- have bal II that the person
..o had victimi,ed N" hrn WIS q man
..u,,y,rs q place NJ great trust and high
b, the company's councils. In Theses re-
,.,. tho amount NJ the defalcation has
os.n yanorrly stated sometimes ~ hiEh
A. t?5oOco
Careful inquiry yesterday disclosed thcre
10 10 the real facts IN the caSe: Tiffany a
T., have been robbed by n trusted employee
nm, rio amount NJ the dcfalcation IL declared
10 ror.on. In authority to I've less than
,to ono. In fact, II i now believed hat the
.moupt will I've several thousand dollars
ia. ,ban that. The man alleged 10 be the
suilty rerson is not n member OF the SON
csrn hut he has for many years held place
NJ great trust and the discovery Of his
,bsfts has shocked and surprised MEM
hers of the comLhny and his associates.
The person lleged TO he guilty Of the
,hst,.-,bere has been a series Of hem was
one Of the head men in the manufacturing
and Of the establishment, the greater part
NJ which ia now settled on the top floors
~ the new Tiffany building at Thirty
,avcnth street and Fifth avenue. Fol a
lonp time this man had charge Of the pay
rolls in one branch If the business and
oomplete trust was reposed in him. The
discovery that this trust had been mis-
nloced was made about two weeks ago,
just how the discovery was made has not
been learned. The information that some
thing was wrong was carried to members
Of the company and no time was lost in
Investigating. At first the heads of the
COMPANY could hardly believe that the
man to whom suspicion pointed could %
guilty and il is said that suspicion was pur-
posely diverted from him for several days
until they could convince themselves that
there was no mistake, il did not take
more than a day or two to show them that
their suspicious were correct and then the
man was aues toned. As far az could be
learned Yesterday he did not make any
confession Of guilt, but on the other
hand he did not deny that he was guilty.
He was relieved Of his duties and Ia now
under surveillance pending discovery OF
the exact extent of the theft.
From what WIS lelrnei yesterday 10
appears that the company was robbed
by the familiar method Of padding pay
rolls. II employs a very large force OF
men In It's shops and a great deal Of the
work is time work. 1t is said that certain
~payrolls were juggled in such a way that
men were credited with doing more work
than they had really done and that the diff
ference in wages went into the pockets OF
the man in charge Of the payrolls.
The books we're examined a little over
a year ago, and it was stated Yesterday
that tie investigation had so far progressed
as to show that the stealing has all been
Gore since that examination. The &C
countants. nevertheless, have been look
irg be ck several years. 1t was also stated
by a re-son in authority that the investi-
cation was now practically finished and
that tire exact amount would o be known.
TIE same authority was positive that It
would lie under $40. 900.
Wien Tie discovery Of what had been
roing on was made, Charles T. Cook, presi-
teat Ct the company. was away. Mr..
Cook has been i'll and is still under the care
of a physician. When he returned a few
days ago the facts were made known TO
him, but as yet no meeting of the COM
rany's directors has been held to decide
what shall he dore with the man Of whose
guilt, II was seid yesterday, the managers
ere row certain, He has been with the
company more than twenty-five years,
starting there as a boy. He is a man with
II family, drew a good salary and had the
absolute confidence Of every one. There
IVES nothing wrong with his habits 80 far
Is any orc has ever known, and the COM
raEy he's yet to discover what induced
Lin to take the money and what he did
with it, Tho statement was made yester-
day that the company expects that part,
If rot all Of the stealings will be returned.
Although handling thousands OF dollars
the man was not under any bond. In
his twenty-five years Of service, it was
stated yesterday, he has hardly missed a
day from his duties. The company would
not give out his name.
This is about the only case Of It's kind
In the history Of the concern, 30 II was
said yesterday. A meeting Of the directors
will probably be held in q few days. The
man is still in New York and, IL is UNDER
stood, holds himself at the disposal OF the
company. 1t vas also said that he could
not get very far away IL he tried. The
police have not been called into the case,
however.
Although the rumors current have had
It that there have been other robberies by
statesmen and other persons. it was stated
alphabetically yesterday by a person in
authority that there have been no robberies
OF which the company 10 aware since the
robbery in May last, when three diamonds
estimated to be worth $s5, 900 disappeared
from the shop. They have never been re-
covered, one reason assigned for this be-
Mg the publicitY given tn the CASE.