The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-06-04
Young Man Plays Sucker End Of
Stock Margin Game and Con-
tcsSas To REGULATIONS When
Detectives Trace Shortages
TAPPED MONEY BAGS:
MAKES RESTITUTION
Mystery That Worried Banking
Circles Of Honolulu Several
Years Cleared Up, But Not
Before Honest Clerks Suffered

Playing the sucker end of the stock
margin game, with Lionel Hart, the
peddler of mainland oil, mining and
other miscellaneous stocks getting the
rake off, Frank l.. Hoogs, teller of the
Bank of Hawaii some ten days ago
was caught short in his accounts with
the bank about eight thousand six
hundred dollars.
This discovery, made by bank detcc-
tiyss who have been on the ease for
several weeks, clears up a mystery that
had been worrying local banking cir
cles for some years and which removes
a cloud of suspicion under which en-
ployes of practically every one of the
local banks had been moving for a long
series of months.
Hogs confesSes To Robbery
Hogs, when confronted with the cir
cunlstantial proof secured against him
by the bank detectives. confessed TO
Clarence II. Cooke, president of the
Bank of Hawaii, that he had been
systematically robbing the bark for
the past four years, his takimgs being
small amounts, but tOtalling more than
eight thousand dollars. He made what
restitution he could by turning back
to the bank nearly three thousand in
coin, which he had secreted at his home
aud elsewhere, giving an order for one
thousand dollars upon n San Francisco
bank, where he had deposited that por
ton of his takings and assigning to
the bank the equity he held in his
home, amounting to four thousand dol.
lars.
On making this restitution, Hooas
was allowed 20 20 by the bank off
eials. He sailed for the Coast on the
s. s. Manoa n week ago today
Many Peculiar Angles
Hoogs' case has number of pecu-
liar angles to il, his actions during the
nast two years of REGULATION being so
60" fro"'I -ational that M. Cooke and
others believe that stealing with him
N7H become an obsession.
The declarations began some years
H"". whom. nv the use of false entries
and other devices, HoOgs began TAX
w" small amounts from the bank, in
sums varying from ten to thirty del
'ars. With this money he went up
against the get ,rich quick game of
gambling on margins with cheap
"t""Is, placing his orders with Lionel
Hart.,, He was strung along until he
U.S. at least fnur thC"sand doIhrs in
~" hole. Whether Hart placed the
"~derS or hnCk"ttPd them is not given
"nt from the detectives report. Att
wv rate. Hno"s money went into the
-~"~"in maolslr"m and never came
"aok
Peain1 Tapping Money Bags
Then Hogs began TO tap the money
Tags, opening the sacks of com in his
barge and making up the shortage IN
u'k and weight with iron washers.
This went on for long time, Hoogs
being protected hv his position as tel
I"r. In many instances his fellow en-.
piCyes had to make up discovered
hortages. One Rauk Of Hawaii clerk
~ reported TO have had deducted from
his Falary sixteen hundred dollars be-.
'apse of alleged shortages in his de-
partmont. Others have been mulCtcd
Of hundreds th" shortages being dis
-H'r"r"d and reported by Teller
Hogs.
ne first discovery of the tamper;up
with the gold coin in the sacks was
made at the federal immigration office.
whcfe one sack supposed to contain
tl"e thousand dollars was found TO be
short. Then other short sacks began
TO be uncovered in the other city bInks
and the Bank of Hawaii, the First Ma
'i"nal, BISHOP & Co. and the Bank of
Honolulu collaborated in sending 10
the Coast for two detectives.
PAenIaftpu pfnaU.,
These made their report about ten
days ago. At first th" Bank Of Ha
wai officials were ext. cmr.y Iooth to
believe the facts pointed out bv the
evidence laid before them OF Hoogs
guilt. The evidence was oyerwheim.
ing, however, and, when faceG with it,
Hogs broke down and confessed He
declared that he did not know what
had induced him to begin and persist in |
his systematic peGuations and tenuer-
cd what restitution he could
lIO0gs who was in receipt of
Ralary Of two hundred dollars a month,
was married only a short time ago. lie !
'Va9 looked hpOn as one Of tho rising |
Ncung men Of the city and had eyery |
opportunity to make good.
Nav Indict Hogs