New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-07-09
ANOTHER DEFAULTING BANK OFFICER.
THE CASHIER OF THE CENTRAL NATIONAL BANK
ABsCoNDs WITH 100000.

ARsCoNps WITH 100000.
Financial circles were somewhat s1aItieu yoo-
terday by the rumOr that Mr. VIM H. Sahioru' tIe Csh
Ter Of the Central National Bank, had Disappeared ahnB
with him very large amount OF FUNDS ana sec We
longing 70 the bank The amount was variously est-
n,atod a, from 100000 to $4,000. The rumor
a. 90 ,bo disappearance Of Mr.. Sanford proves
20 he trpe and the amount taken by him alleged oy
the President Of the Bank, Mr. VIM. A. Wheeock' 10 20
not more than 100000. From what can DO ascertaneu
appears that Mr. Sanford has for considerable tie
past been speculating In stocks and mas loSt
late The property taken by hlTn conslsieu Vi aoou
s1OoOOO in United States bonds, when had Deoh
,odod nv country banks ms deposit, in case credit
demanded by Them in the event OF an emergency
Tor raising money by their SALE Mr. Sanford Woud o'eu
sell n quantity OF bonds sent by bank immedatey vi
their receipt and when that bank ordered them Sou
would dispose OF those belonging to another DahA, "
might NOT vet have ordered sale. In this way he mas
,or considerable time avoided discovery hoping that
turn OF fortune would enable him to make goou 'lo
amount taken An unusually heavy loss brought mat
ters 70 crisis and satisfied that he could not retrieve
his fortunes Mr. Sanford decided on flight He lived III
Flushing L. l., and was In the habit OF going ou'
there nc night and coming into the CITY
eoch morning On the 1st inst he left the bank saying
he Intended Visiting sick child at Westport Conn He
aid not return the following day ana nnal ~,
santds clerk i'm the bank TO Westport ascertain the
cause OF his prolonged absence. The brother
In.
tended sick child been there Alarmed at this Information
and suspectng that something was wrong MT hneeioch
moro WAS found letter addressed 70 Mr. Whee0ck, con-
tanning an acknowledgement that the writer had appro
aId and stock specuatons and concluding with the
words Pray forgive me. have taken nothing WIN
me God bless my poor family They are destitute
Mr. Sanford bore an exceptionally high character pre-
yous to the discovery OF his defaeaton. While
A mere boy, he entered the dry goods store OF
Clark Pardee * Bates. In this city, and worked his way
up to the position Of junior partner te no nEV np
bookkeeper was advanced to the position OF assist
ant cashier and ultimately 10 that OF cashier so hghy
did the firm with which he had been connected esteem
him that they became has surety III the sun VI
$4,000 He was very eeonomGe 20 nv GrS an She
knew HIM to be possessed OF onron modg an
executor OF a wealthy gentleman who making his
will Where Mr. Sanford has gone To no one seems 10
have any idea IL IL not believed however. that he has
LEFT the country Apparently the bank officers have no
intention prosecuting the fugitive Tor they nave not
yet lodged any Information OF the Shr WIN ouper
The following card from the President printed in
the afternoon papers:
The Central NATIONAL BAyE ov THE Cirr Hgw YoRK
Nsw-YoRE. Jolly 8, 1902
reply the respecting The dsealGo 90 the par. Of Nr
TIE sh,I,fisT as,'aa i9s su for lp
Tie amount slooo considerably less
dividend s1e cent BY order Of: DS'I Of Drosisr
The capital Of the bank is 100000.
STATEMENT or TIE vICE-PREsIDENT.
Mr. VIM Foster, the Vice President OF the BANK says
urfaCdtOu
suOn Friday, the 2t inst On the day previous Mr.
Sanford had complained Of feeling nnwe saving MAJ ne
had very bad Headache and asked 20 be alowedto tke
| a day's recreation Permission Was readily AccOfueu
and lac left in the afternoon OF that day, OStehsl-
bly, 10 visit hrs wife aud children VINO are spend
mg the Summer at WrstPort Conn. Tue mex
dny Friday the brother OF the defaultcr messenger OF
the Bank announced that he had received letter from
Of his brother plainly showing that hcr huDau
Was not with he family In tue country. THIS, and the
fact that he did present himself IA he had promised
at once aroused suspicion aud. upon searching his desk
aud drunk IN winch was kept the United states coupon
bonds OF which he had exclusive control tue iact OF s
guilt WAS cOrrub0mted His accounts ana mcmOfnnda
were found to be complete and regular ana az once
showed the amount OF tile bonds taken 10 ne tlO'WO
TIE cashier carried the key OF the trunk in which the
bond. kept. which were nearly All from country
banks, either Tor safe keeping or Tor sale lie might
easily have taken several times the amount stolen IL Is
probable that he has puTlOued small amounts from ue
10 lime TO substitute newly received bonds
for tie older when 10 was necessary To produce
them Tie Public Examiner Inspected the bank the last
week In June.
Mr. sanford was born m Connecticut IL about az years
Of age engaging in manners, and very popular among
his busne. associates. lie has been with the bank since
IT. Incorporation i've and for three years past
has occupied the position OF Cashier. lie was so much
esteemed that the President, Mr. WhccOck bad made his
VIII only few days before the occurrence appointing
Mr. Sanford his executor. He resided at Finishing and
had wife aud three children Zone very SICK, 10 whom
he was apparently devoted lie attended the Congrcga
tioual arch aud connected with SabbathSchoOl
IIc h known 20 have tpcculacd In gold. and II
doubtedly desire his losses That prompted tho
crime The part OF the story is that Mr. Sanford
left his family without vOrl OF farewell aud In dest
This fact has led some 20 suppose that he
has committed suicide, but Mr. Foster and those who
knew hin best think II improbable No detectives have
been employed To work up the case.