The Cairo bulletin., 1906-11-27
FIND MORCAN'S
BANK is LOOTED
YOUNG CLERK ADMITS THEFT
WHICH WILL REACH MANY
THOUSANDS.
PASSED FORCED CHECK
And Then the Pinkertons Who Were
Laying in Wait Sprang the
Trap--Secrecy Prevents
Fuller Reports.

New York, Nov. 2G.--Irregularitio
| in the accounts OF the second great
lest bank in the world-the National
Bank Of Commerce. commonly known
in financial circles as J P Molgan'a
the capitalization Of which Is $2500h,-
loco 0--have been discovered and today
| from dawn until nightfall, thirty regn-
Elarly employed clerks and twelve ex
pert accountants, slaved to discover
/ the extent OF the defaleation and
peculations. The loss, which 1t is ex
pecred win amount to many thou
sads of dollars, will not be known
positively until the work of the forts
two men now prying into the books
is completed.
Young Clerk Held.
| X was discovered today that since
| last Fir day afternoon there ha been
detained secretly in the Tombs prison
clerk who has been In the employ
of the certiffcaaon department Of the
bank, His arrest, commitment and de-
Itention have been executed Ia a man
iner suggestive OF the days when
French political offenders were
VIII sked 10 the Bastille and fmmured
for years.
The mans name Is Bernard Mann
He is "a years OF age and lives with
his parents In Brooklyn. Within the
past few months the young man has
led dizzy life He never went among
his friends with an ostentatious dis.
play of diamonds; he never went to a
ball, party or a theatre without hav
ing with him a stI piciously large RON
of bills he spent money lavishly.
Nothing that money could com
mand seemed beyond his reach.
Where he got this money none knew.
not even his parents. They asked
him whence came the diamonds lie
sald with glibness and apparent
sincerity that allayed suspicion; Il
found them
Passes Forged Check.
The nightly discrepancies In the
certiflcation department of the Nor
gan bank have been quietly noted for
some time by those higher up in the
est abishment. Every one in the place
was watched. Pinkertons strolled
around They were employed in the
II was not until Friday. however.
hat Asst tant Cashier Joseph J.
Byrnes, Jr, found the source of
Young Mann's prosperity. Byrnes fol-
lowed the clerk TO the banking house
Df Barring & Co.. Is Wall street, and
saw Mann hand oVer
check for $l2.9S This check had
,ome through the Morgan bank
lrawn on Barring account by one Of
he latter firms patrons. Bprnes had
l private detective with him They
approached Mann. He was almost
cared out Of his wits.
he Makes Confession.
After stammering and making
vain attempt to explain he broke
iown and made a confession. His ad.
account in a large measure
or the discrepancies in the bank
yh ch have become so obvious.
Then remarkable feat was per
ormed by the banks representatives.
instead Of appealing TO the police and
hus causing publicity. they induced
Mann to go quietly TO Police Magis-
rae Walsh in the Tombs court.
where complaint was drawn and
lie was secretly remandei to the
,risOn for examination tomorrow
morning.
Another remarkable fact 5 that.
while this investigation OF the banks
ccounts is being aecompli he'd. ]. p
lorgan. Thomas Ryan, the traction
nagna'e. and other multi-miliOn-
iTes Of the company are absolutely
vnorant of what is going on in No.
] Nassau street.
They do not know that Mann Is
Dcked up.
Thew do not know that for probably
everal months the funds Of the in
titution have been stolen and The
.Cc cunts falsified And they will know
.othing Of all this until tomorrow.
Pledged to Secrecy.
In the Morgan bank there are more
han 300 employees. Just abort thirtv
T these know any hing about IT, and
ad any of these thirty broken the
ledge Of secrecy they would BE- a
hareei instantly. There never was n
ank investigation hedgei about with
o many obstacles OF intrusion.
For morths the powers that be in
valI stree. have known that hun
reds of th0usands of dollars have
cen stolen from banking institutions
3 crooked bookkeeping. These meth
d Of bookkeeping apparently Tax"
ave been discovered And every
nc a thief was brought 70 the bar
( justice new systems were n.