The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-15
TRUSTED CASHIER
R|)BS IN Old BANK.
His Shortage Will Reach
Nearly $685. 900.
DIsMAY IN PERTH AMeov.
The Looted Institution Is Com
PEELED to Close Its Doors.
DlsMAY IN PERTH AM6oy.

Rsn Follows On . saviags nank m
ttnasely Csnnectea with II, but
10 Checked by Asssrances Frea
the OMcers 81 the Bank-The Ne
faaltinw Cashier Disappears Ter
. Few Days, Ast Finally Retsrns
and ssrreaaers Hinself-ais Rel
pectsA - Make Gssa sAsrtaoo.
NEW YORK. July A--Gecrge ~ VAL
entine. cashier Of the Middlesex County
Bank OF Perth Amboy. ~. j., which was
closed today. has surrendered himself and
now IL in jail on account Of shortage In
the banks funds. which has been various
~ estimated all the way up to slb.oo0
The affair caused CONSERVATION and dr.
may among the business msn Of Perth
Amboy. where the Middlesex County hank
was considered a. strong az the eternA
hills.
Run On = Savings Donh.
So panic stricken did the res,dents Of
perfh Amhov h.cor. ,vh~r q vrns tnay ayr~a
that the Middlesex hank had failed 70
open for business a. usual this morning.
that crowds surrounded the Perth Amboy
savings institution. What made the run
on the savings bank appear all the moro
serious was the fact that the officeD cf
the Middlesex bank and the officees Of
the savings bank are identical. the buei-
ness Of both banks being transacted over
the same counter. Though Il become nsc-
essary to call for tho aid OF the police foe
the purpose Of maintaining order. u. b.
Watson, the president Of both banks. sAyn
the funds OF the Perth Amboy Savings
institution were not touched that S6o40oo
deposited to tho account Of the savtnGp In
stitution II absolutely safe and that no
matter how badly the NfAdlesex County
bank has beam xxackAds thA 1saxinga, bank
win be able to meet oil Demands made
upon II hy the depoeitors. These Wordo
OF assurance from the officers Of the sAv-
ings institution had the effect Of uhechln9
the run on this bank during the astsr-
noon
Ine not'ce posted on .ns oooE Of .ns
MidoieseA Souh.s - 80
morning was as 'oHo"s'
"Bank closed. In the hands g tne
banking department
Cashier Fails - ADpsas.
On Monday last Cashier Gsorae n. val
entine evidently concluded that he could
no longer conceal the shortage OF the Md
dlesex County bank. On that moruing ho
feiephoned President Watson that he was
detained. but said he would appear at
noon The bank had thcn opened for
business Mr.. Watson. who WAS taking
the absent cashiers place. discovered
that there should have been some 0.soo Ia
bills on hand 70 commence operations thse
morning. These he couid not ma IN the
vault Mr.. Watson had been searching
for It when Valentine called up. He ASH
ed Valentine where this money was ana
was told II had been placed IN tho casn-
ier's private drawer MT. watson resnaFk-
ed that that was no place Tor y. nnt reae
OF on the phone and went 10 ses ~
uup'.ca.e ~ :" ~. .." ...s"S 49,. -.
,,,s,.a,, ro,,,a no sound
~.-..
Mr. hooeft y. saien.i"s. W.
protner, was summou.. s"u Hc -s :.
the search ior tne "n.
couia no. "e 'ou"u' 49, .s ~ :. :. -
OF cnes sAsns w s.s. 80 g.. go
oecano ssi"sn. '.a' - : 49,
months VI. .a.. -. .,.,.-
Jhksi.u .as sm.-.... -.
'nu.e" e"" '' -,s.. ~,c-.-.sa-
h"''''e" ,.. rs....-,., .rr..r.d q
s'ohe1 :.
-. vse-.
,,.,.., -.e~
oh "eohssa@s 80. c..
OF ,he cas"a' 80, -....n
Grove anu sa"e'a :. - s - rn,-
70 Ah"" ~ -.
was the n's. mum. ..'o' . -. -. ~e-..,-
was nor On aa's s"' s..s -. ...s--.
a., .,,r.a,.a f,r Mona.v ths
pa,k National. al New Y1u1k. charged the
Miadies.x County bank with checks to