Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-01-15
SENS AT|ONAL
SHORTAGE
CHARGED
FlNNEGAN AND COMPANY
MANAGER IN BAD POSITION
Western Manager and Auditor
Of Big Concern Charge D. l.
Murphy With Using Large
Sums of Company's Funds

According to a statement made TO
the Morning journal last night oy
Frank w. Brown, of El Paso' west
ern manager for John Finnegan ana
connany. and b. j. witt, travelling au.
ditor for the big hide concern, )aNla
l. Murphy. who has been local man
agar for rbe company here Tor the
r5st two wears. is short in his accounts
ia an amount up in the thousands ol
dollars. although the two men decllhe
+, saw lust what the amount OF the
shortage is. ,... ~
NIr Brown and the travelling au-
jh,I Mr. witt, came to Albuquerque
several DAYS ago and have since peen
eqgased in auditing the books OF the
local office. They completed the
work Yesterday evening, Wheh lhe
statement was made that Murphy mas
IN account for a heavy shortage
which was reported on the street lass
night to have reached sum as larBe
as $4,000. This report the AUDITORS
declined to confirm or deny refusing
to state the amount of the shortage
other than to say that 1t was very
large ,,., lao,
Mr.. Murphy could not be found last
night. He was not at his room at
mo Commercial club and no state
mont could be secured from hlm' NO
legal action has been taken IN the
matter so far as could be learned last
night ~ aaf,lca-
tion and false entries, sald MI
Brown last night and Mr.. Murphy
has been relieved Of the management i.,I
or the companys affairs here, lne
bonding company. who furnish ms
surety has been notified of the short
age and will probably take the steps
usually taken in such cases, uIleSS
the shortage is made good. MT, Muf'
nhy has been with us a little over tWe
wears and has had good poSltloi
here with excellent opportunities -
is a bright business man, put count
not Withstand temptation ana peeou,
ing involved beyond his means, aVal
ed himself of the funds of the com
many. such things, unfortunately
happen frequently in the business
ian large corporations ana business
methods have to be resorted to II
Istraightening them out We viii con
tinue our business here as usual
new manager being expected IN
few days to take CndTBe. lH' ll"i
for tne place has not yet been appoint
ed. but win be selected a once, Mr.
Witt and myself will take care Of th'
business until his arrival
The statement Of Mr.. Murphy's po
siton with the Fnnegan compan!
came as an intense surprise to hi
friends last night. He has taken al
active part in the business and socia
lie Of the city since he came her
| two years ago, and has been consid
! cred a first-class business man. He ha
ihad rooms in the Commercial cluh
where he has enjoyed great popu
Ilarity with the members. While liyin
as comfortably as most men holdin
lpaying positions, a very large major
lity of his friends at least have had n
| lldCa that Mr. Murphy was living be
yonG his means or that he was finan
cially involved in any way. The state
ment Of the eompany's western man
ager viii be read with greatest sur
prise and a good deal Of sorrow b
his friends here, who expressed hop
that the matter may not be so seriou
as It now appears and that an al
uSiment may be reached.