Word: defalcatione
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November's total was swelled by the repercussion in the South which followed the failure of Caldwell & Co. and the A. B. Banks group of banks in Arkansas (TIME, Dec. 1). Last week the South's tally was raised by the failure of ten Mississippi banks, all within...
Traynor was guilty of defalcations of $92,00, and Depue was guilty of $23,000, with the aid and connivance of Travnor. The city sued the plaintiff Surety Company and recovered both amounts from them. In this action the plaintiff for contribution towards the $23,00 which the plaintiff said...
The defalcation of Cashier Ruth of the Washington (Pa.) bank probably amounts to $75,000 or $80,000. He has been arrested for embezzlement on the oath of one of his bondsmen.
Another Newark bank defalcation. S. H. Condict, a bank director, has been found guilty of aiding Cashier Baldwin to the amount of $600,000.
Every robbery and defalcation, from that of the clerk who took the money from the letters in the Post-Office to the more recent case of the Albany cashier, was committed for the selfish purpose of living better. The former bought a house for his parents; the others took what...