The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-10-07

defalcasion Of the funds of the
First National Bank OF this CITY came
to light on Thursday night. but the in
vestig showed no cause for alarm
as to the condition of this strong insti-
tuition. The examining mittee,
composed of Messrs. H. S. Trout, P. l..
Terry, II. M. Darnall, VIM. g. Evans
and j. NJ. Gambill, made the discovery
as result of their constant efforts of
watchfulness over the affairs of the
bank. Their examination showed that
the paying teller Of tho bank, he.
Loving, was short in his accounts
2,055.75.
Thursday night Mr.. Trout, the presi-
dent of the bank, had conversation
with Mr. Loving and told him he was
suspected of the defalcation but he was
given until morning to account for the
shortage Loving was seen on the
streets that night at different hours and
is thought to have borrowed several
sums OF money with which to defray his
expenses out of the city and country
He is known to have borrowed $50 from
a friend, an employe of another national
bank
he did not appear at the First Ma
tional ct the usual hour yesterday
morning and cannot be- found in the
city. 1t is evident that he left Roanoke
some time Thursday night. The time
he departed and the direction he went
is unknown. There were various stories
afioat yesterday in regard to the defalca.
ton and in order to officially correct
those the examining committee issued
the following card:
OFFICIALS STATEMENT.
To rmE PUBLIC: various rumo.s having been
tionnl Bank, Mr.. II. +. Loving. was short IN his
accounts amounting to large sums, it Is deemed
advisable IN justice to all parties interested To
state that his shortage amounts to 81 0i5. - and
he has ample property to protect the securities
on his official bond to the bank.
lSigned.l IL. 5. TRour,
l.. L.. TERRY.
II. NJ. DARuALL,
WM. G.. EVANS,
j. NJ. GAMBILL.
The sureties on Loving's bond arc
Charles W. Thomas and G. b. Thomas
The absconding teller has been in tho
employ Of the First National Bank for
eight years. during which time he has
| possessed the perfect confidence and
trust of the directors and other officials
OF the bank, and was regarded as one OF
the best qualified and responsible bank
For the past year he Is alleged TO have
been leading fast life, aud has been
| addicted to excessive drinking and 10
gambling, TO which his downfAlI may be
attributed.
The deialcation was not made a! one
time, but is thought to have been taken
in small tums on diff.rens occasions
within the past two months, whon
Loving was sorely pressed by debts IN.
Cured in his revels. His method OF
obtaining money without causing sus-
piclon is said TO have been o simple
one, but one which could not be found
out except by the most careful scrutiny
OF the accounts and tho cash on hana
lie is said to have talsihed tho tigures
upon the wrappers Containing cash
which he was obliged To turn In with
his hgnres. lie would for instance
place bnt $500 in package upon whicn
tho amount was marked as ST 600
Loving is well connected and had a
very large number OF warm persona
friends, who placed perf.c. confidence
In him. The blow of the Young mans
crime will fail most heavily upon his
! family who have the sym patty OF a
large circle of friends