Of the large number of receivers appointed, and of examiners placed in charge of suspended institutions, only one man proved to be a recreant to his trust and the confidence reposed in him by the Comptroller. This man had been connected with the Comptroller's office for years previous to the panic of 1893, and had such a record for efficiency and good results obtained for creditors, that he was regarded as the "banner receiver" of the office and a model for imitation by all newcomers. He was appointed receiver for several banks during the panic, had been receiver for others before Mr. Eckels' appointment as Comptroller, and was the principal reliance of the office to instruct other receivers in their work. It was discovered later that in a number of receiverships under his charge he had systematically appropriated to his own use part of his cash collections, diamonds, jewelry and other valuable assets of the trusts, and did it in such an adroit manner that it was impossible to obtain such proofs against him as would sustain a prosecution or a claim against his bondsmen.