New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
ROBBED THE BANK AND FLED.
HALF A MILLION IN CASH AND PAPER GONE
TELLER PITCHER PLUMBERS THE UNION BANK OF
PRoviDENCE-HIs EXEMPLARY LIFE.
[BY TELEGRAPH TRIpuNEI

Providence, June 25-Financal circles In Providence
troubled to-day by the announcement Of breach
of trust great to probably wreck of the oldest
rioneyed institutions OF the city, the Union Bank On
opening the bank this morning It found that all the
cash on hand at close of banking hours Saturday,
500, 900 In amount and securities worth half million
dollars, were gone The fight from the city on satur-
day afternoon of Charles A Pitcher, the teller ex-
planned the theft Pitchers accounts were also found
TO be involved Experts were Immediately put upon
tho books. The directors were called together and
with the president and cashier Of the bank began a
formal investigation. Pitcher is about forty hve lie
had been in the employ Of the bank about seventeen
years The greater portion of the stolen notes and b
are not negotiable, but the loss of them will embsrrass
the hank temporarily at least. The Union Bank was
founded as a State institution in 1872 1t has
capital of 100000 Its officials are President
Henry Russell cashier Joseph c. Johnson directors,
Henry c. Russell, Elisha Dyer, Ir., John H. Congdon
H. Dunnell, Joseph C. Johnson, william A Tucker
and John W. Slater.
The directors affirm that the bank has been always
carried on after the best methods. The bank was one
of those local institutions which last January began to
offer interest on deposits of 300 and more, by the
day and the offered was per cent which Is me
payment as soon as the defacaon discovered but
The cashier says the depostors VIII az get their money
The Doyle Monument Fund OF c6,6OO was deposited III
this bank
pitcher was seen in Boston, Saturday night, and Is
being made TO SECURE his arrest. Pitcher was married
and lived well but not extravaganuy on his salary
OF 80 600 His wife IS a sufferer from nervous
troubles and has been driven almost insane by her
husbands crime and flight Pitchers lie had always
been thought most exemplary. lie Is church member
and has been of tho Central baptist Church
lie was under $1,000 bond furnished furnished by security
company In New-York II IS believed by many that
pitchers motive In taking such large amount of
valuable papers IS that he may negotiate and
pDmise with the bank. without these papers the
hank must go down and the directors lose very
heavily Many Of the valuable papers belonging 10
the George ii. Corlss and Hezeldah Anthony estates
are in Pitchers hands. The NewYork correspondent
of the Union Bank is the Traders National Bank
At the importers and Traders National Bank which
has been for many years tho New-York correspond
eut of the Providence bank IL was said that the only
news was dspatch stopping payment.on four drafts
OF 10000 each. Three Of the drafts hayo been
pfesented aud refused and we have Eot heard from
the fourth ono We do MT know anything about
the teller who is reported to have robbed the bank
but II he has not secured from others more than no
got from tho Importers and Traders he VIII not 20
far.s