Thank you for visiting SNEWPapers!
Sign up free
Story
March 17, 1889
Wichita Eagle
Wichita, Sedgwick County, Kansas
What is this article about?
Edgar Swan, 35-year-old paying teller at Lynn's National City Bank, charged in Boston with embezzling $65,595 due to living beyond his means to support his wife and two children in style. He has restored about $33,450 in stocks and cash.
Clipping
OCR Quality
98%
Excellent
Full Text
RUINED BY EXPENSIVE LIVING.
Boston, March 16.—Edgar Swan, of Lynn, paying teller of the National City bank, of Lynn, was before Commissioner Hallett this morning on complaint of Bank Examiner Gatchell, charged with being a defaulter to a very large amount. The total amount is reported to be $65,595. Of this, however, Mr. Swan has restored to the bank eighty shares of the Simpson-Boston stock, fifty shares of the same pledged with an equity of about $3,200, fifty shares of Chicago, Kansas & Western and about $3,000 additional, bringing the amount restored up to $33,450. Swan is 35 years old and has hitherto borne a good character. He has a wife and two children and has lived beyond his income in the endeavor to support them in style.
Boston, March 16.—Edgar Swan, of Lynn, paying teller of the National City bank, of Lynn, was before Commissioner Hallett this morning on complaint of Bank Examiner Gatchell, charged with being a defaulter to a very large amount. The total amount is reported to be $65,595. Of this, however, Mr. Swan has restored to the bank eighty shares of the Simpson-Boston stock, fifty shares of the same pledged with an equity of about $3,200, fifty shares of Chicago, Kansas & Western and about $3,000 additional, bringing the amount restored up to $33,450. Swan is 35 years old and has hitherto borne a good character. He has a wife and two children and has lived beyond his income in the endeavor to support them in style.
What sub-type of article is it?
Crime Story
Deception Fraud
What themes does it cover?
Crime Punishment
Deception
Misfortune
What keywords are associated?
Embezzlement
Bank Defaulter
Expensive Living
Financial Fraud
Lynn Bank
What entities or persons were involved?
Edgar Swan
Commissioner Hallett
Bank Examiner Gatchell
Where did it happen?
Boston, Lynn
Story Details
Key Persons
Edgar Swan
Commissioner Hallett
Bank Examiner Gatchell
Location
Boston, Lynn
Event Date
March 16
Story Details
Edgar Swan, a 35-year-old paying teller at the National City Bank in Lynn, is charged with defaulting $65,595 due to living expensively to support his family in style, but has restored $33,450 in stocks and cash.