The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-16
VALENTINES THEFTS GROW
PERTH AMBoP CASHIER BELIETED
TO HAVE STOLEN OYER $I5O,O0O.
when He Left tho Bank lie Had from
s12, 900 to SEQ, 900 In Cash No One Chn
Say What Has become of the Money
His Mife Sees Him In JniI-Pnrenta LII.

| OF Perth Amboy y. j.. had robbed tho institu-
| ton OF a large sum OF money It was generally
| believed In MiddleseX county that the bank
would resume business after ts tangled affairs
| had been made straight. Tho institution
! was such an old one. and the directors
| and stockholders were such substantial
men. TINT those who had been accus-
toned to trnnsacting their banking busi-
| ness there could not believe that 1t had been
| permanently put out OF business The cashier.
| however. wrought more dlsastrously than any
| OF the friends OF the hank at first knew. and
they now realize that when tho Middlesex
County Bank closed its doors on Thursday
night they were closed for good Uriah Burge
Watson. tho President. practically admitted
this yesterday. Ho said
while we do not know definitely that Valen-
tines defalcation will involve the MiddleseK
County Bank to a greater extent than 8 900.
| II Is hardly probable that the bank will resume
business"
"Wil not young Valentines father and
unces. who are said to be wealthy. make good
the amount he took from the bank ?" Mr.. Wat
son was asked.
The President smiled broadly MS he replied
His family may be well-to.do. but that can't
make good the amount the bank has lost
Besides. so far as his uncles are concerned.
would you come to the assistance Of a nephew
who was self-confessed thief? No. there
will DO and can be little help expected for VAL
entine or the bank from his relatives"
Mr.. Watsons guarded statement about the
extent Of Valentines defalcation led some
persons to believe that it was larger than was
| at first reported. And 30 it was. If the state
ments made yesterday by other persons con-
nected with the bank are correct. 1t was
definitely known to the officers OF the bank
on Thursday night that the cashier had stolen
$4,000 through checks of the National
Park Bank. tho New York correspondent Of the
Middlesex Bank. reporter for THE Sun
learned Yesterday from source quite as well
posted In the affairs OF tho bank as Mr.. Watson
that Valentines thefts from the Middesex
Bank amounted to at least $4,000 The
authority for this statement said:
when Valentine left the bank on Saturday
afternoon week ago he took with him ST.. 800
! aud maybe $4,000 in cash. Lot mo explain.
1t is known that on that day he carried away
with him $4,000 in cash belonging to tho Mid
dlesex Bank and $4,000 belonging to the
| savings bank. money taken in by that institu-
ton on that day. Besides these amounts there
was In the safe Of tho Mddlesex Bank u pack
age Of bank rotes amounting to $1,000 belong
ing 10 the savings bank. Between the wrap
per and string of this lot of money bank
notes to smaller amount had been inserted
On Monday President Watson found that tho
phChuko Huu hbtN WIN. he IOunu
that the $500 inside the package had been
| taken out, and that the notes that were on the
outside had boen placed within the wrapper
That discovery. together with Valentines alb
sence from the bank. led President Watson to
sussPeeSt thHt there was something wrong.
Perth %mboy that a Itsrnoon Mr. Mr. WAS WATSON IN
%ss yh hm wheIs s the bundle NJ e
drawer in the safe, The drawer was
o.pensSd ard no money was found. Then
and the Board Of Directors was quickly
S Sh.her Moo took hi. ' ssS %n yt
DID, So then he had s$64Y6 IN e cash H" With II
savings bank $1,000. -'''' '''l '''"' wv
o Sw York sd T Ts are ap at he hG
Imperial. where he and his wife always
t%SS At the n Sy eoa
500 cnshei: Tie Tank examiners say that
sex Bank. The money advanced on that check
increas e his c91h on hand to either sl2.7Oo or
alone can tell We believe that he either put
il away somewhere for future use or that. be-
tween Monday and YESTERDAY he lost il all In
Wall street. in an attempt to retrieve his lost
snS FSSs ESFM A%sG SsTS sH wt4s
| going to fare. 1t became known that the city
was the heaviest depostor. The balance to the
Ssht Was sa26So THIS ineaded n Eensrs
funds 10 the amount OF $4,000 and
been issued tnless the city makes keS' sd '"e
the, salaries Of its employees must re-
gain unpaid until the affairs q the MiddIcscx
vldual depositors are said to be the factories in
4S Would 1pG Of m EeH e y d.
4 an hA mi
While the accounts OF, tho bank were being
,btm, I os the man who tamgfd
He Is not confined in a cell during the day, hut
Ia permitted to have the liberty OF the room
can be much, more comfortable than IN a cell,
and nobody fears that he will make any efrorj
thu he ad e So sncs lis
tSn vas as. s9msthE he had never thought he
on myself, md ri, take my medicine Without a
mnrmnr IL, T d. which regret most Of any.
| wife, who has been everything to me. and the
Legacy have leit to my children, BosIdes all
When this business is al. over he won't have a
This last remark Of Valentines was OK
planned by one Of he officers of the bank. who
said President !sh, ~ Watson Had exaeted c"rtatn
after the defalcation became known. which will
make II necessary for him to sacrifice some of
III hew much tn. G;fr dIha know
| the bank.
Valentine also said yesterday that he rea lied
the jig was up with him when he remembered
two or three months ago that he would be
! obliged TO make sem annual statement to The
CommissonGr Of Banking and Insurance for
| the state on July l. lie deferred the matter as
| long as he could and then went to work on the
statement, II" finally made ono NJ. tho fasity Of
| which would probably not have been discovered
| for some time, When the Job was completed
| be remembered that before IL would be nc
| cepted BY the Comm issionor It would have To
| he attestrd rs correct by at least three OF the
| directors. He knew that the directors would
| make AFFIDAVIT to the correctness OF the state
| ment II he asked them to do So lie thought
| the matter over and concluded that rather than
have three innocsnt men make them
selves crimnay liable for his own mis-
| deeds he would face the music. And So he
| never made = final draft Of the statement he
| had prepared. The rough draft was sent to
| the CQmmissoner last Wednesday. however,
| probably by President Watson Ii wns found
| to he filed with erasures ana corrections.
| More than this Valentine would not say. even
| TO his most intimate friends. What he lid
with his money and what ed him to become
! dcfaulter were matters which he begged to be
| excused from discUsS ng, on the ground
that his counsel had told, him to say
| npthnp His earliast callarA Yesterday