Salt Lake Herald | 1891-10-24 | Page 1 | Teller Garcia's Defalcation

Teller Garciag Defalcation NEW ORLEANS Oct 23 Everything Is quiet at the Louisiana National bank this morning and up to noon no arrests had been made and there is little doubt there will be any In an interview with Morris president of the clearing house this morning morn-ing in regard to Garciaa defalcation he said Eugene F Garcia paying teller of The Louisiana National bank is a defaulter in the sum of 109000 It was first discovered discov-ered on the Sth of October but the full extent ex-tent of the defalcation was only demonstrated demon-strated ou the 17tb Garcia confessed a shortage from old payments errors and mistakes committed by him within the pass fifteen years The cash in the bank wa I examined and tee shortage discovered I The loss of a large amount was carried to I profit and loss and still the capitalS capital-S 300000 and the surplus 150000 remain intact I do not think any deposits will bo I withdrawn from the bank on account of the defalcation If anything of that kind should occur I am authorized as president of the clearng house bank to say the bank is an exceedingly strontr one and will be able to meet any requirement mado on it for its deposits