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Updated: June 25, 2025
Larkin is likely to figure once more in the courts about some very ugly defalcations in the cash of the Penningstal Mining Company, and that this time the persecutions of that eminent Christian are likely to take a different turn, and, as Tom said, with a gloomy shrewdness, to end in 'ten years penal. Some summers ago, I was, for a few days, in the wondrous city of Venice.
In the first place, Melville had been formally acquitted of Jellicoe's deficiency by a writ of Privy Seal, dated 31st May, 1800; and secondly, the committee appointed in that very year to reinvestigate the naval accounts, had again exonerated him, but intimated that they were of opinion there was remissness on his part in allowing Jellicoe to remain in his office after the discovery of his defalcations.
Then he returned to the den and sat down with the morning paper and a cigar. He skimmed over the contents, the rumors of wars, and cruelties, the Wall Street items, the burglaries, the fires, the defalcations, the suicides, the stresses of the world, creation old, enduring in their fluctuations and recurrences like the sea, beating with the same force upon the hearts of every new generation.
Early next morning a car took Charlie to the station, and soon after luncheon he reëntered his rooms. The day was Monday, wet and dreary. All hope had left him, for his defalcations must be discovered and the directors would, without a doubt, prosecute him. Hence he went about London interested in nothing and obsessed by the terrible disgrace which must inevitably befall him.
At last I settled that my hero, if hero he could be called, should fall in love with a poor but intelligent and educated girl. He had a fortune of about two thousand pounds a year, nearly the whole of which he lost through the defalcations of a brother, whose creditors received about five shillings in the pound.
Vast sums have been collected and disbursed by the several Departments with unexpected cheapness and ease, transfers have been readily made to every part of the Union, however distant, and defalcations have been far less than might have been anticipated from the absence of adequate legal restraints.
" Wi' this auld and brief breath," continued Mause, "will I testify against the backslidings, defections, defalcations, and declinings of the land against the grievances and the causes of wrath!"
Lyon explained to Miss Leaf, after the fashion people have, at such meetings, of falling upon the most practical and uninteresting details. "I came by the Overland Mail. It was a sudden journey, I had scarcely more than a few hours' notice. The cause of it was some very unpleasant defalcations in our firm."
Many persons thought already that the junior partner was away either on pleasure or business, because the senior had taken his place. Only a few, himself and the three or four obscure people who actually suffered from his defalcations, would recollect them.
"Anything anything wrong at the bank?" he inquired, swallowing hard. Was the man about to tell him that the bank the great bank was going under, that there had been defalcations, that but even as he pictured the collapse of the bank there shot into his brain another and still more ghastly thought: had the Supreme Court decided against him in the long-fought case of Hooper et al vs. Bingle?
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