William M. Graham (politician)
In 1841, he began to work for the Middletown Bank, first as Teller, and from 1844 on as Cashier. He was Treasurer of Orange County from 1855 to 1860. In 1860, he became President of the Wallkill Bank, later the Wallkill National Bank.
In 1872, the Wallkill National Bank went bankrupt. An investigation showed that $256,000 of the bank's funds and about $100,000 worth of securities deposited in the bank were missing, the money having been "dissipated in Wall Street" by Graham and Cashier Charles H. Horton. Graham was convicted of fraud and embezzlement, and sentenced to ten years imprisonment at hard labor. He served about four years in Clinton State Prison and was pardoned by President Rutherford B. Hayes in 1877. Afterwards he worked as an attendant at the Middletown State Homeopathic Hospital.
He died of Bright's disease.
- The New York Civil List compiled by Franklin Benjamin Hough, Stephen C. Hutchins and Edgar Albert Werner (1870; pg. 444 and 555)
- Life Sketches of the State Officers, Senators, and Members of the Assembly of the State of New York in 1868 by S. R. Harlow & S. C. Hutchins (pg. 87f)
- TWEED AND GRAHAM in NYT on May 23, 1877
- A CHECKERED CAREER ENDED in NYT on November 15, 1886