People's Pilot, Volume 3, Number 23, Rensselaer, Jasper County, 24 November 1893 — A Warning to Trustees. [ARTICLE]

A Warning to Trustees.

Boston Herald. The fate of embezzler Weeks is ftnotherj wholesome warning to trustees who violate the confidence reposed in them by speculating with other people’s money. He bad been entrusted with the care of fifty-four estates, aggregating more than $2,000,000 in value, mainly the sole possession of widows and orphans. He began by mixing his own money with that of his clients indiscriminately, and his losses in his business transactions were heavier than his gains; but he continued for years to pay over money to those for whom, he held funds in trust, until the inevitable collapse came and he fled the country, only to return, confess his guilt and get a sentence of ten years in Sing Sing. He was possessed of brains, education and social position in New' York city, but he made bad use of them, and he takes the consequences of his folly.