John Evans and Thomas Barnes were both employed by the banking house of H.M. Cruze and Co. They also occupied an apartment together. Barnes received a tip to play C. and S. stock for a rise. But instead of rising it fell, and he was notified by his broker to send five hundred dollars the next morning to cover the margin or be wiped out. He had no money of his own left, and waiting until everyone had left the office, Barnes opened the safe and took out five hundred dollars.