Deseret Evening News | 1901-12-03 | Page 2 | Bank Teller Goes Wrong

BANK GOES S WRONG Hid 1118 Causo tho Y National Hank to Close Chose N Y Dee Dec First National bank lank of ot this place was vaa closed today pending an In Investigation by a n national bank bonk examiner It Is stated mated that the tho cloning closing of the banks doors foi oh owed tho the discovery of Irregularities In inthe tho the accounts of at tho the teller Charles L D t The Thc 3 bank batik began business in tn ISCo IS 65 Judge J H N Lamoreaux succeeded the th late Inte George West Vest as president early in October of ot this year car anti and II H J Don Doti aldeon nl eon succeeded to the vice vico Ice presidency Tito executive officer officers began at atone once one n a thorough Investigation of at the bunks banks affairs und and discovered Indica Indications pf pC a Il defalcation on the thi part of ot the teller leller The Tho Investigation watt all pursued until It seen that tho he Q de defalcation had begun many years ago ngo and Jona nd attained largo large figures SUlk lx Ex Graham and Van V w were ru sent for tor and ond yesterday began a thorough examination At Atthe UK the close of banking 1 hours they reported a shortage of ot 1000 10 The Tho directors then decided to close tho the bank pending an Investigation gation gatlon and ond a warrant for ar aI I rest cent waa Was a I wan bonded ib 0 i tile tho amount ot Ut 1000 Ha lie II has hall a I wife wind lIt one ono daughter President Lamor ux JC ald today that It was IVA not POR ll ylo 1 to determine the amount of 0 f lit Fit X Il defalcation without an Hiva torL of f tho titu of ot It t and depositors Tho he said Mill shows tha thu toller teller Id Iii Mr that it is 19 not thought possible that any uny loss 1088 can vito coma cotito to depositors or ur holders holder an as tilt the bank tIltS haa u Il of ot which It Is la hoped hailed It rT iu 1 nearly 01 ot tUlle quito meet Iho lie deficit lil Have tho thIs capital of ot An of ot f tho the bunk bank by Ix n last AugUst full fail ed cl to to disclose any atty 1111 Irregularity In tho the accounts ts