Astounding Bank frauds
--It is stated that the examination into the affairs of the Bank of Albany reveals a system of fraud extending for many years back, and some astounding developments in regard to the operations of one or two leading men in the bank will be made in a few days.
The attempts which have been made to "white-wash" certain guilty parties involved will also be exposed.
The books of the bank have been falsified in every conceivable way. It was even made to appear at the directors' meeting that the deposits of the bank were only $250,000, whereas the actual amount was $400,000, whereas the actual amount was $400,000. Among other frauds, one note for $25,000 of a leading politician, which was supposed to be a paying asset of the bank, was paid by him seven years ago, and receipt thereof obtained; the interest on this note was paid by the party interested in making it appear as an asset of the bank.--Boston Traveller.