defalcate

verb

1. (intransitive)To misappropriate funds; to embezzle.
2. (obsolete, transitive)To cut off (a part of something).
3. (obsolete, transitive)To deduct or take away (a part of income, money, rents, etc.).

   “One would have thought the natural method in a plan of reformation vvould be, to take the preſent exiſting eſtimates as they ſtand; and then to ſhevv vvhat may be practicably and ſafely defalcated from them.”