Wholesale Steal

j New York. Nov. 26.- Samuol C. Seely, au asslstant boookkeepor in the National : Shoe and Leather bank, has disapieared I with $354,000 of the bank's funds. Seely 1 was aided by a confedérate, the bank offi1 cials are certatn. Indeed they go so far as to assert that the idontity of Soely's ac; complice is known to the pólice and that detectives either have bim in custody or i will 6oon apprehend liim. This confedérate was not an attaché of the bank, i though it is intimated that ho was a deI positor. According to Vice President Pease Seely has been fleecing the bank ! for somo time past. His method was not ingenious, neithor was it brilliant. Tt was arduous, difficult and daugerous, but withal suoeessful. Threatened with Exposure He suips. According to Mr. Pease's statement the entire oxecution of tho scheme lay in transposing the accounts with the assistance of a confedérate. On Thursday, Nov. 15, the bank began to prepare for the inauguration of a new systom of bookkeeping. ïhis, of cour3e, blocked Seely's game. The introduction of a new method of keepin accounts would uecessitate a review of the books and such a review would probiibly, if not certatnly, disclose the deficiency. Kxposure stared Seely in the face. Peasc and his associatcs suspectod uotfiiug wrong until Friday, but whi'ii on the evening of that day their suspicious were aroused Seely had disappeared The Itank Declared All liight. Work was commenced on the bank books and accounts and early last week the investigation resulted in tlie discovcry of Sccly's wrong-doing. Vico President Pease says: "The moment we discovered the existence of an irregularity in our accounts we callod in the bank examinerand subsequently askod the assistance of the clearing house. The stability of the institution, however, has not boen in the least impaired by this unfortunate affair. How Mr. Seely accoinpllshed his work Is difficult to say. That it required close flguring and accurate calculations is evident. He must have kept a private set of books for his own information - a sort of record of his own shortcomlngs. " Been Stealing for Nine Year. For a tirue it 'was feared that the bank depositors would becoine alarmcd over the defalcation, but though a number called at the institutiou they were easily assured that all claims would bo met without diffioulty. Seely wus under $7,500 bonds to the bank. He is 40 years of age and resided with his wifc and two children in Brooklyn He had been in the bank's omploy fourteen years, but his operations are said to have extended only through a period of nine years. Lawyer Angel, his counsel, asserts that Soely was victimized by his nccomplicc, who is said to bc Frederick Baker, a lawyer. Angel says ieely got only $11, 000 of the largo amount taken. Confessed His Cfiiue to His Attoruey. Angel is a personal f rienJ of Seèly, and says that the latter canie to him and coniessed his crime. He was advised to give himself up, but declined, saying that ho woiiïd take his chance of running away. He said that his confedérate got nearly all the money, and told who he was. The confedérate, A ngel said, was too oíd to run away, and besides was a lawyer and knew what he w;uí doing. Angel also said that it would be alinost impossible to convict the confedérate.