The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-10-24
A DEFALCATION OF 100000
Continued from Fifth Page.)

NSNAAN--AS'N1'
What Alvord did with all the cash is
also a mystery as yet, except that, 1t is
Said. a large amount of it went into
stock speculation. One story is that
he had lost $4,000 in one deal, but what
deal 1T was is not stated. 1t has been
discovered that during the summer AL
word visited Saratoga, where he spent
money like a prince. He rented cot
tage kept a stable of fine horses, and,
besides playing the races, is said to
have frequented gambling houses.
IF these stories are true Alvord dis
blayed entirely different characteristics
than those he showed at home. In this
city he was known as a man or very
regular habits. Among his associates
he was looked up to and on Wall street
was known as Happy Alvord' because
Of his CHEEKY manner. His home was
lin the suburb of Mount Vernon, on
Chester Fill, one of the most aristo-
cratic sections of the suburb. 1t IS sur
rounded by luxurious grounds and there
are extensive stables.
AIyord has long been considered one
of the most prominent men OF the town.
TINS family entertained lavishly and
gave large sums to charity. He stood
lligh in church circles, and his wife Is
considered one of the most beautiful
women in Mount Vernon.
invitations had been sent out for a
GRAND dinner at the Alvofd house a
week ago tomorrow night. Inc DAY
set for the dinner messengers recalled
the invitations. That night the mouse
was in darkness. Friends of the faml-
Nv We're told that Mr.. Alvord was ILL.,
THE darkened windows since then, ana
the fact that no callers were admitted,
led the neighbors to believe that his i'll
ness was serious.
IT was not until this afternoon that
the residents of Chester Hill heard Of
the big defalcation of their neighbor.
IT ia rumored that ne left town on the
day that the dinner invitations We're
cancelled and that he took steamer
for South America, but this could not
be corroborated.
Late this afternoon Mrs. Alvord, wife
of the missing note teller, was seen at
her Mount Vernon home. She was weep
ing bitterly, and would not talk about
4he case. The family consisted of Mr..
and Mrs. Alvord and two girls and a
Mrs. Alvord is said to have told
friends that owing to his position in
fhe bank Mr.. Alvord was able to OBJ
tain tips which enabled him to make
$40, 900 to $4,000 a year over his salary
by operating in Wall street she is said
ito have boosted that her husbands tips
were so straight that he never lost
cent in the street and always made
d gain
The First National bank Is considered
one of the strongest financial institu-
lions of the city. George F. Baker it's
president, is also president of the clear
ing house. William B. Reed is the
cashier The directors are George f.
Baker, f. A. Baker William B. Reed,
Harry c. Fahnestock, William Fahnes-
took, r. L. Hine, and James A. Garland.
the bank has a capital of $4,000
The First National bank was the first
ITO organize under the national bank act
and President Baker and his associates
have been in charge for fifteen years.
at was founded by Jacob Thompson,
who was published of the Bank Note
Detector President Baker and Direc@
tor Fahnestock are among the directors
A statement made by the bank on
Sentenber S showed: Capital, 100000;
surplus. $5,0O0,0oO; undivided profits,
s4114, $50; deposits, $39, 1891, 895; demand
loans and cash on hand, $23,379, 276
time loans. $5,654,6 and stocks and
bonds, $20,110, 400 In this statement the
banks total resources were placed at
$50, 663, 2g4.
Beyond the facts contained in the Off
cial statement the banks vice president,
Frank L. Hine, absolutely refused to
say a work President George It. Bak-
er. when asked regarding the matter,
said that the statement given out by
the vice president contained all he had
TO say in regard to the defalcation.
when asked if Alvord had been appre-
hended the vice president replied: 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
defalcation as yet and that they had
not yet been assigned to the case. The
First National bank is a member of
che National Bankers association.