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Commercial
May 29, 1854
Worcester Daily Spy
Worcester, Worcester County, Massachusetts
What is this article about?
Theft of $14,000 in bullion from the Philadelphia U.S. Mint over six months by chief weigh clerk J. Eagle Negus, discovered via re-weighing after a Californian steamer delivery, leading to confession and flight to Europe.
OCR Quality
98%
Excellent
Full Text
PUBLIC PLUNDER.—The Journal of Commerce, furnishes the following particulars of depredations upon the United States Mint:
Within the last few days, evidence has come to light that extensive abstractions from the funds on deposit at the Philadelphia U. S. Mint, have taken place, and of such a character as to involve the reputation of an heretofore upright and irreproachable citizen. Upon the chief weigh clerk of the Mint, Mr. J. Eagle Negus devolves the responsible duty of receiving, weighing and describing the bullion deposited, and of giving a receipt for the same, before it is melted. Of course its value cannot be ascertained until it has undergone the melting process, and all impurities and foreign substances have been removed. Between the times of depositing and of melting therefore, an opportunity was afforded to an evil disposed person, unless he was properly guarded, to abstract from the bullion committed to his care The chief weigh clerk was noticed by one of his assistants to be frequently in the vault, (which he entered by means of a duplicate key,) for which there was no occasion, but his ostensible object might have been to secure specimens for preservation.
At length suspicion became so confirmed that another clerk in the office, and finally a superior officer was communicated with on the subject. The evidence of wrong afforded seemed incredible, but the next step taken, to elicit the truth, was conclusive in its results.
Upon the arrival of the last Californian steamer, at which time, as is invariably the case, great quantities of bullion are forwarded from New York to Philadelphia, by the various Express companies, &c., the treasurer arranged, after the chief weigh clerk had made his deposits for the day and weighed the same, to repeat the process of weighing, and a deficit amounting to 1,400 was disclosed. The guilty person, after being informed of the facts, immediately confessed his crime, acknowledging that his depredations had been continued for six months past, and that he had taken altogether, $14,000; but offered to make immediate restitution,—which he was able to do, as he was possessed of considerable property.— This fact in connection with his previous character, makes the present offence the more inexplicable. The offender took passage for Europe at the earliest opportunity, and sailed in the Washington last Saturday.
Within the last few days, evidence has come to light that extensive abstractions from the funds on deposit at the Philadelphia U. S. Mint, have taken place, and of such a character as to involve the reputation of an heretofore upright and irreproachable citizen. Upon the chief weigh clerk of the Mint, Mr. J. Eagle Negus devolves the responsible duty of receiving, weighing and describing the bullion deposited, and of giving a receipt for the same, before it is melted. Of course its value cannot be ascertained until it has undergone the melting process, and all impurities and foreign substances have been removed. Between the times of depositing and of melting therefore, an opportunity was afforded to an evil disposed person, unless he was properly guarded, to abstract from the bullion committed to his care The chief weigh clerk was noticed by one of his assistants to be frequently in the vault, (which he entered by means of a duplicate key,) for which there was no occasion, but his ostensible object might have been to secure specimens for preservation.
At length suspicion became so confirmed that another clerk in the office, and finally a superior officer was communicated with on the subject. The evidence of wrong afforded seemed incredible, but the next step taken, to elicit the truth, was conclusive in its results.
Upon the arrival of the last Californian steamer, at which time, as is invariably the case, great quantities of bullion are forwarded from New York to Philadelphia, by the various Express companies, &c., the treasurer arranged, after the chief weigh clerk had made his deposits for the day and weighed the same, to repeat the process of weighing, and a deficit amounting to 1,400 was disclosed. The guilty person, after being informed of the facts, immediately confessed his crime, acknowledging that his depredations had been continued for six months past, and that he had taken altogether, $14,000; but offered to make immediate restitution,—which he was able to do, as he was possessed of considerable property.— This fact in connection with his previous character, makes the present offence the more inexplicable. The offender took passage for Europe at the earliest opportunity, and sailed in the Washington last Saturday.
What sub-type of article is it?
Banking
What keywords are associated?
Mint Theft
Bullion Abstraction
Philadelphia Mint
J Eagle Negus
Californian Steamer
What entities or persons were involved?
J. Eagle Negus
Philadelphia U. S. Mint
Journal Of Commerce
Where did it happen?
Philadelphia U. S. Mint
Commercial Details
Location
Philadelphia U. S. Mint
Event Date
Within The Last Few Days, Six Months Past, Last Saturday
Commodities
Bullion
Key Figures
J. Eagle Negus
Philadelphia U. S. Mint
Journal Of Commerce
Notable Details
Deficit Of 1,400
Total $14,000 Stolen
Confessed Crime
Offered Restitution
Sailed To Europe On Washington