New-York tribune., 1880-06-17
A GREAT BANK ROBBERY.
PRESIDENT WAITE A FUGITIVE.

TIE FIRST NATIONAL BANK OF BRATILEBoRO PLUM
prRrp TO THE EXTENT OF $250,000-FRAuDs
DATING BACK MANY YEARS BROUGHT TO
LIGHT.
BRATrLEBORo, VT, June 16.-The rumors
regarding the insolvency OF the Flrst Nt-
tona Bank OF Bratteboro were more than rear
lied this morning, Enough Is already Known u
warrant the statement that the loss VIII rcach upWaru
of S25OOoO through the forgeres Of the president s.
NJ Waite who is undoubtedly left the country, and as
the directors believe. taken with him largo sum oi
money long, searching Investigation VIII De Deguh
on the arrival OF Bank Examiner Hehuee VINO Will "c'
as receiver for the present.
Tho fo,rcd uoper inclulcs that Of the Connecticut
River Railroad Company for about $j000O Frederick
Billings $4,000; TrcnOr W. Park. OF New-fork'
$4,000; Lyon IIealy Of Chicago. 100000; the Iauh
ton Locomotive Works, about Sl2,OoO; l. J'
Amidon IIinsdalc, $1,000; Vcrmiye Co., New
York about $4,000, and others whose names
will he made public IA the investigation proceeds Rl
mnrs say that Sprin ed and Boston banks nave Dceh
The First National bank was chartered in 1852 by the
name Of the windham County Bank, ana brinn Dusi ,
wear later VITA ~ B WlesIoh as rl3"S' TIC TIC
hank was run untcr the State charter for about ten
V%ars IL was the first in county to change 10 Ma
,nni nanl II hn1 IN, hl confidence until le72. when
if was said have been robbed Of large amount of 0V
crnrncnt bonds belonging mostly to special drLoslior-
SuSpclnu WA felt concerning the manner OF the rob
hrrv which was IN midday, since which time coui
has been more or LEES shaken untl the roc was
finding forced sale ~ So although numerous stdtt.
mcnts made 1t patent that The stock should
oD STaS more Hor '9 aa P'Ti the loans anG ' discounts
placed at $3dill9 cawIal .sl9Gk SaGoU"0 @ ,,'
yidua deposits SGlll2. II appears that OF ne latter
| the Vermont Savings Bank owned between So0nU ana ana
SO 900 statement sent tO the r"c khoIdef~
aud being aitc-tcd by the directors suspicion was eu
since January 1873 Mr. Waite has been president Of
the bank Efforts have been made To have cashier hp-
! and the directors allowed him To have his own
wav. He has practically controlled Inc lhStlIutoh'
changes having taken place among me directors un,
III President Waite had found a set Of men who had
not time disposition Ia uncarih corrnp"n IL i he
10 the time when brother ~ Preside nj Waite got into
financial trouble IN CHICAGO bank or inSuranc" com
many and said the losses wcl" settled by the pay
ncnt of 10000, the funds coming from the Bratteo0ro
President waitc's practice was, 1t seems. 70 place
| these fraudulent notes before the directors Hl the
notes except one bearing the ntnn "i 3ur "t , IN"
| forgcr,cs The directors. not being particularly
| c"nyrrsant with banking, accepted them ~
| proof that all was right. ana h"t uhth tWo
| or three weeks ago lid they attempt 10 acguaint
thcrmscIvcs with the worth OF these securities. About
tins Ilno Examiner IIcnicc. while making Ms usual
tou OF mNprc0n disroNcfrd dlscrrphh'y lIi ii enc
fund III New York. THIS .cd to inquiries, ana one Vs."
IIrndcc returned TO ms place" nnu II - Snrtn5' Il,
informed Waite ~ his dlScOvrr@. Nalic was h'hld 10
ask Lrudcc II he could bo allowed one week To make
up The dchct 9nd 'upgG.Gd tEtl ,nor,, ,nis
rose at O'clock. idc his wfo good-hyc. and III an
swcr to her query, replied that he gong to New
| York on bank bnsncss. The nest udinGs were from
Portland. whence hc wrote shall quit the country
|
'Ihnk We the right track probably nelfc sruc'
ton"
vet there record found and double Issue
| viii undoubtedly be- discovered.
The present Board Of Directors consists OF Mcssrs &.
NJ We M Iy9F W yas FIs' I'Gr SI Gr"T'cs g
Willard Of BrattlcbOrO Warren Parker of Putnry Adj
olson Whtchrad Vernon. W. T.. RlchIrisOn OF Chcs-
ter, aud C. j. AmIlun. Of Illutdalr
Several stockholders known to have lost All their
Draucrty bY tins collapse II believed hat Of the
directors also financially ruined, AMI that another
| county bank suffers by the loss.