Salt Lake Herald | 1901-12-04 | Page 2 | Bank Teller Steals $100,000

BANK TELLER STEALS ST ALS Forces Ballston NY N Institution I Ic c to Close Doors I HAD BAFFLED THE HE EXAMINERS 4 I ID D B SAID TO i BEGUN MANY BrANY YEARS ARS AGO 4 f Ballston N Y T Dec Dee 8 The First Na National bank baRk of this place was closed to te today today day pending an investigation by a na an national natio tio bank examiner It Is stated that the closing of or the Ute bank doors doers followed tollow the discovery of f Irregularities in hi the th ac accounts accounts counts of the teller Charles E B The bank began business In 1255 Judge Juge J S LamoreUX Lamereaux succeeded the late latt George Geer e West as president early in Oc Cc October tober of this year and H J Donaldson succeeded to the vice rIce iM presidency pr The new nw executive officers began at once a athe the rough investigation of th tM the beaks banks af at fahd gad and discovered indications of a de do defalcation on Oft the part pert of the teller m The investigation IRve was pursued until it was seen that the Ute defalcation lt had hed d bogus begun many years ago and attained large Jarge figures Bank Examiners Graham an and Van Yan were sent for Cor and yesterday yester ay be began Began gan gsa a thorough examination At itt the close of banking hours they the reported a of The directors then decided to close the bank k r pending an Investigation ve and anda dr a Avar wat rant for or arrest was issued was wan bonded to the amount of 1600 SUllO He ito has a wife and one ono daughter d President Lamoreaux said fald today that it was not possible to determine det the amount of f defalcation d n wl without t tan an inspection of the Outstanding cates eaten of deposit t and depositors ps books The examination he said shows shown the teller alone is responsible Mr Lamoreaux added that it is not thought possible that any loss can come to depositors de do or certificate bold S as the Ule bank beok has a surplus of which it is fa fabo hoped bo ed will neatly nearly or quite meet the de do deficit and leave the banks capital of ma 08 unimpaired An examination of the bank by Exam Examiner iner mci Van last August failed to disclose aft an irregularity In Inthe the accounts Examiner E B J T 1 Graham has been ap appointed appointed appointed pointed by the comptroller of the cur currency currency currency rency temporary receiver pending a fur further the ther investigation is ill at his residence Where he heis heIs heis is under arrest arr t and guarded by two effi officers cers cern He Was not arraigned this afternoon n as his attending physician said it was un unsafe unsafe safe sale to take him from his house in the prevailing snowstorm