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Updated: May 25, 2025
Wood, his first 'commis', to tell me that the King very willingly gave you leave of absence from your post for a year, for the recovery of your health; but then added, that as the Court of Vienna was tampering with that of Saxony, which it seems our Court is desirous to 'contrequarrer', it might be necessary to have in the interim a 'Charge d'Affaires' at Dresden, with a defalcation out of your appointments of forty shillings a-day, till your return, if I would agree to it.
It has met with several severe losses by unfaithful and imprudent agents and trustees, who in one case ran up large debts for several years, contrary to the wise rule of the Shakers to "owe no man any thing," and in another case brought loss by defalcation. The hill family have built a large stone house, but owing to losses have not been able to complete it.
Ireland had gone into his office at ten minutes to ten o'clock at night for the purpose of extracting £5000 worth of notes and gold from the bank safe, whilst giving the theft the appearance of a night burglary; granting that he was disturbed in his nefarious project by his wife, who, failing to persuade him to make restitution, took his side boldly, and very clumsily attempted to rescue him out of his difficult position why should he, at nine o'clock the following morning, fall in a dead faint and get cerebral congestion at sight of a defalcation he knew had occurred?
Nevertheless, many unpleasant things were brought to light, the methods of transacting the business of the Bureau were faulty; several cases of defalcation were proved, and other frauds strongly suspected; there were some business transactions which savored of dangerous speculation, if not dishonesty; and around it all lay the smirch of the Freedmen's Bank.
Among them was O'Daly, who, after living some time in London, settled in Saint Thomas, where he earned a precarious living as teacher of languages. In 1825 the island's governor was Lieutenant-General Miguel de la Torre, Count de Torrepando, who was invested by the king with viceregal powers, which he used in the first place to put a stop to the organized system of defalcation that existed.
XVII. A FREE-LABOR BANK will be established for the safe deposit of all accumulations of wages and other savings; and in order to avoid a possible wrong to depositors, by official defalcation, authority will be asked to connect the bank with the Treasury of the United States in this department. XVIII. The transportation of negro families to other countries will not be approved.
And yet, although this happening meant temporary financial ruin for him, it was, in its way, only another success, a success of revealing significance to those who would like to know the real man that Herbert Hoover is. After one of his returns to London, and in the absence of the head of the firm in China, he discovered a defalcation of staggering proportions.
"Of course he wants to see me, to hear my report." The merchant looked up as Haynes entered the counting-room. "So you are back?" he said, gravely. "Yes, sir; I was detained a little, but I fulfilled my commission." "That is well." Here Haynes made his report. Mr. Hartley listened with an abstracted air, for his thoughts were upon the defalcation of the man before him.
Mustapha Bey, who took a very affectionate leave of me, is now engaged in examining a tremendous case of peculation something like a defalcation of two thousand mahboubs. He is quite bewildered for the time. The Greek doctor came to see us off; but we started in a little confusion, for Mr. Yusuf Moknee was drunk, as he was nearly all the time of our stay at Mourzuk.
'Now, let me see, said Traddles, looking among the papers on the table. 'Having counted our funds, and reduced to order a great mass of unintentional confusion in the first place, and of wilful confusion and falsification in the second, we take it to be clear that Mr. Wickfield might now wind up his business, and his agency-trust, and exhibit no deficiency or defalcation whatever.
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