Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-10-24
SEVEN HUNDRED
THOUSAND DOLLARS.
Continued from Page 1.

considered one OF the most beautiful
women in Mount Vernon. Invitations
nau peen out for grand dinner at the
Alvord home n week ago Tonight. The
day set for the dinner messengers sour
ried throughout Mount Vernon recall
ing the invitations. That night the
house was in darkness. Friends of the
family were told that Mr.. Alvord was
i'll.
The darkened windows since then and
the fact that no callers We're admitted
led the neighbors to believe that his i'll
ness was serious. 1t was not until this
afternoon that the residents of Chester
Hill heard of his big defalcation. There
was Il rumor that he left town on the
day that the dinner Invitations were
cancelled and that lie took a steamer
for South America. This could not be
corrobOratcd.
THE WIFE AND CHILDREN.
Late this afternoon Mrs. Alvord, wife
of the missing note teller. was seen at
her Mount Vernon home. She was
weeping bitterly and would not talk
about the case. The family consisted
of Mr.. and Mrs. Alvord and two girls
and boy. They kept four or five
servants.
Mr.. Alvord is said to have told
friends that. owing to his position in
the bank. MIR. Alvord was able to OBJ
tain tips which enabled him to make
$4,000 to $50 900 Il year over his salary
said TO have boosted that her hus-
bands tips were so straight that he
never lost cent in the Street and al
ways made n gain.
A STRONG INSTITUTION.
The First National Bank is consid-
cred one of the strongest financial in
stitutions of the city. George f. Baker.
its president. is also president of the
Clearing House. William 3. Reed is
the cashier. The directors are George
f. Baker, Fisher a. Baker, William b.
Reed. Harry G. Fahnestock, William
Fahnestock. f. L. Hine and James a.
Garland. The bank has a capital of
$780, 900.
The First National Bank was the
first to organize under the national
bank act. and President Baker and his
associates have been in charge for
fifteen years. 1t was founded by Jacob
Thompson. who was publisher of the
Bank Note Detector.
y COMPLETE SURPRISE.
Alvord was capable and experienced.
and the discovery of his defalcations,
made after he was gone. was n COM
plete surprise to everybody. The loss
of money is hardly disturbing the
bank which is one of the strongest in
the city.
Alvord is about so years of age and
has a wife and three children. His
home was at Mount Vernon and he was
respected there. as Well as in the
Street. His habits We're good. 1t is
believed that lie lost money in stock
speculations and that some of the
money can be recovered. He dis
appeared Il week or ten days ago
The crime has been known long
enough TO the officers now to enable
them to say with some assurance that
Alvord did his work alone. No one
else is under suspicion.
THE BANKS RESOURCES
~ statement made by the bank on
September . showed the following:
Capital, $500 900; surplus, $4,000. 600;
undivided profits. S4.i14,25O; deposits
S3999I .S95: demand loans and cash on
hand. $23,S7a,27G; time loans, S5.65i,6l0;
stocks and bonds $20.1l0.409
In the statement the banks total re-
sources We're placed at $52 .663, 29i
Beyond the facts contained in the
official statement the banks vice-p resi-
dent. Frank l.. Hine, absolutely re-
fused to say word President George
Il. Baker. when asked regarding the
matter. said that the statement given
out by the vice president contained all
that he had to say in regard to the
defalcation.
NOT APPREHENDED.
When asked if Alvord had been APP
pretended, the vice president said:
II don't think he has"
At the local Office of the detective
agency. which usually has charge of
bank cases it was said that officials
of that company had heard nothing of
the defalcations Is yet. and they had
not at that time been assigned to the
case. The First National Bank is a
member of the National Bankers AS
ISOLATION.