Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-08-03
Union Trust Company of Pitts
burg Suffers by Defalcation
of Employe
Steel Masnate Is the Principal Stock
holder in the Big concern-F. N.
Hixton, Who is Blamed for the
Losses, Has Been Arrestod-Admits
Guilt

PIttsburg, Pa, Aug. Sine 1aSclH-
alton of the stock market led to the
downfall of Clifford S. Hixton, a trust
ed employe OF the Union Trust Com
pany, of which Henry c. Frick, the
steel magnate, is the principal stock
the Allegheny county Jail, charged
with embezzlement Before morning
the detectives who are working on the
case expected to arrest HiXton's &C
complete in crime, also an employe OF
the bank. 1t is known that the short
age will amount to s25OO00 and it is
believed that when a complete invests
cation is made the loss will exceed
that sum. Hixton has made full con-
fesson.
Every effort has been made on the
part of the officials of the bank and
those who are working on the case to
keep the matter quiet.
HiXton was arrested last last even
ing at the home of his father, f. M.
Hixton, $3.50 Webster avenue. He was
taken at once to a private room at the
Monongahela house, where a number
of detectives spent the entire night
with him, trying to get confession
from him. 1t was not until daylight
that the young man broke down and
told his story.
A short time afterward Hixton was
taken to room in the Pittsburg Bank
for Savings building, where he was
confronted by the officials of the bank
Willis McCook, attorney for the trust
company, examined Hixton and from
him secured all information as to what
he had done with the stolen money and
how he had succeeded in getting away
with such a large amount.
Last evening H. w. Gleffer, treas
before Alderman John Groetzinger and
made information against Hixton
charging him with embezzlement He
was held in $4,000 bail and was taken
TO the county Jail. 1t was not until
his arrival there that the story of the
robbery and his arrest leaked out.
Hixton is about 2S years old and I'M
married. He lived at the home of his
parents and was considered model
young man. He has been In the bank
ing business in Pittsburg for num-
Der of years, having risen from minor
positions. He has been with the I'm
ion Trust Company the greater part of
his career and finally reached the po-
sition of Individual bookkeeper. He
went to church regularly and was quite
prominent in society.
About three months ago there were
hints of trouble among the employees of
the bank At that time H. C. McEl-
downey declared that there was abso-
lutely nothing to the stories. Hixton's
name, however, was connected with
tho rumors.
Robbery Was Systematic.
In the confession that he made to
the officials Hixton today admitted
that he has been Systematically rob-
bling the bank for at least three years.
Since the first Of the year he has sue
ceeded in getting away with $4,000.
All of this money, according to his
story, has been used in the stock mar
ket and he has not a cent today to
show for his crimes. He declares that
the man whom he duplicates received
half of the funds and that his portion
of the money was also lost in the stock
market So far it has been impossible
to secure statement from Hixton
as to what stocks he was specializing
il:.
When he was arrested Hixton was
spending the evening quietly at his
home His aged father broke down
when he heard Of the young mans
arrest, but Hixton remained compos
ed. and it was not until after having
been tortured by the detectives for
twelve hours that he finally told his
story.