New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-15
TWO STAMFORD BANKING
EMPLOYEES LAND IN JAIL
Continued from FIRST page.

period. Both men had engaged as part
ners IN n restaurant and bowling aiiey
business but 1t is not believed they ioS'
much. if any. money in that Investment.
Although It might seem on the race OIL
It that they worked together, yer their
counsel Homer S. Cummings, Demo-
cratic National Committeeman from
Connecticut. said tonight that that was
not So
There was no collision between
them" said Mr.. Cummings. "Neither
had any knowledge Of the others doings
in this case"
Wilson was with the bank since 1890
and Moores since 1897.
From another official source 1t was
learned that a clew to the Justification "i
the books was obtained accidentally III
Wilson's accounts q week or so ago IL
was run down quickly. and 1t was addeu
that Wilson, when confronted by MI
Daskam and directors of the bank Win
the results Of the investigation made a
confession OF wrongdoing.
Saws Both FaIsified Entries.
"The methods employed by each we're
different" Mr. Daskam said, "and pooh
were ingenious and involved falsiryihS
~ entries by each in bis own department.
which. even with the modern system OF
accounting employed by the trust com
pany. we're practically impossible OF de-
lection without clew. This once secured
the entries were easily traced ana the
hank IS therefore able to speak win
authority az to the exact amount or ITO
defalcatlon."
Earlier IN the day the directors of the
bank Issued statement In when they
assured depositors that the defalcation
did not impair the soundness Of the bank,
which has unimpaired its capital or
5000 900 and surplus and undivided
profits Of $4,000. making net assets
over all liabilities Of s415000. Henry *.
McHarg. the New York capitalist and
General w. W. Skiddy. Of New York are
members Of the board OF directors. The
bank carries deposits Of about s3,OOo,Ooo.
Wilson IL married and lived with his
wife at No. 81 Cd street They have no
family. His father-in-law, j. Walter
Davis. was deacon in the Baptist
Church many years. He resigned In
January. when Wilson also resigned from
the church treasurershlp. Moores lived
with his wife and baby daughter Mt No.
% 4th street. The accused men are
about thlrty-ive years old.
one OF tho largest Of recent defalcations
was that OF Frank r. Arnold. for thirty
years cashier and virtual head Of the Ma
tIonal Bank OF New Berlin, n. y, who con-
fessed early IN April that ne had bond
shortage of more than 10000 and short
age on certificates OF deposit Of more than
10000
Arnold had spent money lavishly. and
would probably have continued 20 do 80
for some time. had not a man calling him.
self Charles II. Holland, OF this city. writ
ten Arnold Matchmaking him for $4,000, and
promising that II he did not get 1t he would
reveal alleged escapades al Arncld's house.
IL is thought the full amount Of the defslca-
ton Will reach $1,000 Arnold suffered a
nervous breakdown and was thought to be
dying. He was secretly arrested ana huf-
ried 10 iai because the authorities fancied
the deposltors would carry out their threats
OF attacking his house and hanging hlm.
lie had "A salary OF s., 800. but explained hi
Injurious style OF living by saying the
money came from relative In the west