Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-04-10
GRAIN
FIRM CASHIER
SHORT $1,000
Police Say Maurice Maney, %.
Confesses Thefts Cover
ing Four Years.
GOOD TIME is BLAMED

Maurice Nancy, 80, cashier of the
Cleveland Grain Company, sos Board
of Trade building, is under arrest to
day on a charge of embezzlement.
following the discovery of a short
age of more than $11, 900 in the Office
accounts.
! Nancy has confessed to the defal-
cation, detectives say.
Nancy was arrested last night at the
/ offices of the company by Detectives
/ Glenn and Dugan, after charges had
been fled by Edwin X. Shepperd, man
ager of the company.
He was locked in a cell at police head
quarters when he failed to provide a
! $4,000 bond and today was bound over
to the grand jury.
Detectives announced that under ques-
| tioning Nancy admitted that he had EN-
bezzled money during a period extend
| Ing over four years.
| GOOD TIME" AND
INVESTMENTS" RUIN?
When asked by the detectives what he
did with the money he is reported to
| have replied:
We'll, l got it."
Under further questioning he is said
to have admitted that he squandered
part OF the money having "good time
and lost heavily on some investments
Nancy is married and lives at 625 North
Rural street
He has no children
l Because of the large amount involved
I Nancy must pay the penalty of the law,
| Shepperd declared
IF it had only been a matter Of even
a thousand dollars" Shepperd said, II
would have been willing to consider the
case from another light, and am sure
that some of the boys around would
have Joined in to help him make the
amount good, and give him another
chance.
But am now sure that he needs
punishment
He went too fast pace.
He deceived me.
4 4 trusted the boy
Il brought him up in the business
He was favorite here with the men,
on the exchange floor, too.
We all liked him and thought him one
Of the finest of men
Il was very much surprised.
1 II had no inkling of a doubt but that
be was on the square and the blow has
hit me hard.
/ Il am sorry for him, too. and yes
/ IL is too much to ask that he be per.
mitted to go free. The court must
take action said the grain dealer.
Sheppard said he know the young
mans family were good people, and
that Maney's downfall came about In
an effort to live too Iuxuriously
NOTICE FROM RANK
BRINGS DISCOVERY.
Shepperd appeared in city court when
Nancy was bound over TO the grand
! jury.
The first knowledge he had of the
defalcations was yesterday when a bank
/ notified him that the company had made
large overdraft.
! Shepperd and another employe were
checking up the books last night when
Nancy walked into the Office
he is said TO have confessed immedi-
ately when confronted by the two men.
! Nancy was detained until detectives
arrived.
Although Shepperd said the shortage
would be more than S11 600, he is unable
to state what the complete shortage will
be until further examination is made
+ Nancy is said TO have taken the money
| in amounts of from 500 to $500. manfp-
| ulating the books so as to cover up hia
/ defalcations. This money he used to
| play" the grain market, he admitted.
/ The Cleveland Grain Company. which
| has its main offices in Cleveland. o..
usually carries a large bank baIance. II
is understood, which aided Nancy in
! his operations.