The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-07-15
BANK LOOTED
The Trusted Cashier is s166,
600 short aud In Jail


banks funds which has been var'ously es-
timated all the way up 20 t65o)0 Tho
lanair caused CONSERVATION and dismay
lamong the business men OF Perth Amboy
where the Mlddlesex county bank was
considered as strong az the eternal hills
So panic stricken did ths people Of Perth
Amboy become when II was learned that
the Middlosex county bank had failed 20
open for business as usual this morning
that crowds surrounded the Perth Am
boy savings institution what made the
run on the savings bank appear all tho
more serious was tho fact that the offic
ors OF tho Mlddlessx COUNTY bank and
the officers Of tho Perth Amhov savings
institution arc Identical. the business o.
same counters Though Il became 1ecei-
sarv 70 call FOR tho aid Of tho police Tor
the purpose OF maintaining order. r.. y.
Watson. the president ~ both hanks.
SAYS that the funds Of tho Perth Ambcy
savings Intuition were not touched, hat
$500 0oC deposited 20 the account ~ TIE
savings institution IS ahsoiu civ safe and
that no matter how badly tho Niddiescx
county bank has been wrecked. the save
Ingr bank will be able 20 meet an de-
mands made unon &c. Those words of as-
uranco from the OFFICERS had tho enect %
checking the run on this bank during the
afternoon
The notice posted on the door ~ Tho
Middiosox county bank early in the
morning was as follows.
Bank closed I'm the hands of bank
inr department"
on Monday Iast Cashier George NJ
valentine evidently concluded that no
no longer could conceal the shortage AL
the Afiddiesex county bank On that
morning he telephoued President Watson
That he was detained but said that no
would appear az moor. The bsnk thou op
ened for business and MT Watson who
was taking the absent cashiers place,
ldlscovered that there should have been
some 1890 10 bills on hand 90 commence
Operations that morning These he could
lnot fnd IN vault Mr. watson had been
searching for % when Valentine called
lup lo asked Valentine where this mon-
ey was told that t mad been placed IN
the cashiers private drawer. Mr. Wat
son remarked that that was MO place Tor
H., but rang on the telephone and went
TO get a. a duplicate key 10 the draw
er Indicated was obtained and tho drawer
opened, but no money could be found
Mr. Robert N. ValeatIne, the cashiers
father. was summoned aud he aided IN
the search for the missing money.
II could not be found and finally the
work Of checking was begun Then ft
soon became evident that during tho last
few months the accounts of the bank had
been juggled The other trustees were
summoned and tho banking department
was notified TO send an examiner Depu-
ty commissioner Of banking Johnson ap-
peared IN response on Wednesday Mrs
Valentine. wife OF the cashier. returned
from Ocean Grove and called at the banl
and wanted TO know where her husband
was This was the first intimatiou tina
- she had that @ was not on duty an
showed officials that valentine was no
at the sac shore. aa ot first appeared
D. on Monday the Park National of Nev
ID york charged the MiddoseN county blnl
m with checks 10 the amount of $1,000 whc
m are said TO heve been drawn on it agalus
- the account OF the Mlddlesex by VaIeH
e tine
10 HOW HE DID 1T
A detailed investigation of matters b
A President Watson and Robert Valen
y tine showed that the cashiers check
OF and stubs dd note orrepond. mat th
III checks called for more money thnn th
stubs recorded and that while tahu
na the stub AS the basis af accounting tn
y, banks finances would figure out all RIA
eo the checks would show that the ban
had been drawing heavily On its Me-
York correspondent tho Park Nationa
- The cashier in fact carried the acoun
% on the stubs and from them TO The boo
an correctly, but when the returns from n
"a, cashiers checks came ho pockoted %
70 .dereuce between the stub and q
check. -Four or nve months OF thls met
m. cd of hnancierng depleted the banks r
ng serve monies and brought It 20 tho verI
he Of ruin. Then the cashier evidently socu
no cd a portion OF the ready cash on har
and left Perth Amboy.
per Thursday night the determination
nt. close the bank was reached, and MI wa
md son notified chief OF police Burton al
per asked him 10 locate the missing CASH,
500 Valentine who had been iu New 70
ent city. returned 20 Perth Amboy fr,
de- Woodbridge accompanied By b!s cou
sell Edward Savage. ontahway He
led cl.ned 10 80 into details OF the sho
rhe age Of the bank except that ho W
led very sorry that ho got hla friends 90
iich trouble and chat be felt very bad abc
Gus hB wife and children
President Watson is of tho opinion t
az the caehiers defalaatIou win amount
'sh. at least N250W Where lho money w'
Ino 10 Is not known, as the cashier rs "a
go have been moderate in h'a f3ates .