Republican Herald

ANOTHER RUMORED DEFAUCATION.—It is with pain that we are called upon to record another rumored defalcation on the part of a member of the Philadelphia bar, who has heretofore occupied a highly respectable position in society. The rumor is, that the individual in question, whose name we withhold in respect to the feelings of his family, was the trustee of several properties, amounting in all to from $50,000 to $100,000. A large portion of this property belonged to the wife of a distinguished American gentleman now abroad, and formerly connected with the Philadelphia press. The property so held in trust was misappropriated, if not squandered and lost by the trustee, who, unable to make it good, and seeing the dreadful nature of his position, on Wednesday fled the city. His accounts in one or two of the banks have, since his absence, been found deficient to small amounts. It is supposed that stock gambling and various speculative operations were among the causes of his ruin—Philadelphia Inquirer.