Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-23
BOOKS ARE MUTILATED
And Will Delay Settlement OF the
Willimantic Bank Troubles.
Total Shortage Will Amount
) to $4,000.
Whereabouts OF Cashier Walden Still MAJ
ter OF Speculation.

WILLIMANTIC, Conn.,, july % = The
doors Of the Dime Savings bank remained
closed yesterday at its usual hour for
opening. A slip Of paper was tackled on
the door with the words: Bank closed
for examination" The depositors stood
around, making anything but pleasant
remarks about the missing cashier.
The books of the bank that are not miss
Ing are so badly mutilated that an expert
will have to go thro9gh them In order TO
get any definite statement rs TO the true
condition of the bank. The police as yet
have no clew as to Walden's whereabouts.
1t Is not known who Is surety on Wal
den's bond, as it cannot be found. 1t Is
supposed that his brother, Henry Walden
Of New York city, and the late Cashier
Risley are on his bond. but as Risley Is
dead and his brother has no property In
this state, 1t is worthless.
The bank vaults were opened yesterday,
and the exact shortage found TO be S26, 800,
as follows Railroad bonds, 900; Clark
mortgage, S6500; money procured to pay
depositors, $4,000; cash short for some time,
$4400 The mortgage Is one given in part
payment of the land upon which Wal
den's new house stands.
The incorporators OF the bank met yes
terday afternoon and elected ex7Bank
Commissioner Il. A. Buck, president;
John Scott, vice presdont; f.. Harlow
Holmes, secretary and treasurer. Mr..
Buck declined to serve, and Sheriff @. Is.
Pomeroy was chosen in his stead.
Whore Is Walden?
Speculation at to Cashier Walden's
whereabouts are rife, and n rumor was
widely circulated that he was in town, and
had been seen in the vicinity of the bank,
but this could not be verified. State At
torncy Hunter, in an interview, said that
two detectives were at work on the case,
but had, so far, found only slight clews on
which TO work. Mr.. Hunter will apply
for receiver, and George +. Stiles is
mentioned for the appointment.
Walden is believed to have sailed from
New York for Australia on Saturday. AS
sistant Superintendent Hine of the
Pinkerton detective agency is investigat-
ing his departure.
A bond for $4,000 as Walden's security
was unearthed, but it is thought to be
worthless, as the maker Of it, William
Walden Of New York, brother of the miss
ing man, is said to own no real estate.
Commissioners Crofut's Statement.
commissioner OrOWIuU ul6keS tne IOl-
lowing statement: "Since week ago last
Thursday, when / examined the books,
find missing a mortgage note Of $6500 and
five 500 railroad bonds. There Is also a
deficit of $4400 cash.
"On July II the treasurer drew a check
ON himself for $1,000. / find that the gen.
eral ledger cash book and daily balance
book are missing since my previous ex-
animation. Some of the records of the
real estate book have been mutilated, to
apparently cover up the withdrawal of the
$500 mortgage notes.
"I have been unable to learn of the
treasurer or his whereabouts, in order to
get an explanation. Assuming that the
bank was in a solvent condition upon the
examination Of retiring Bank Commits
sioner Buck of this city, after the l6 per
cent scale had been ordered, leaving no
surplus, the above 81 900 makes the bank
insolvent today.
Furthermore, after looking over the
personal loans, in conjunction with parties
who are familiar with the makers, think
perhaps, 1t would be the proper thing to
call about $4,000 Of these loans doubtful,
making thereby the bank insolvcnt by
about $4,000.
SIN justice to all depositors, 1 can see no
other course for the directors to pursue
than to close the doors Of the bank to all
demands Of depositors, and await legal
DrOcecdinosn