Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1900-10-30
ROBBED OF 500, 900.
First National Bank of New York Suf-
fers from Trust in c. l.. Avord.

fers from Trust in c. l.. Alvord.
Cornelius L. Aivord, note teller in the
First National Bank of New York,
Wall street, stole 100000 of the banks
funds and absconded. The banks officers
positively deny that anyone in the bank
or that any of its depositors was in col
lusion with Alvord He had been TWEEN
ty years in the banks employ, six years
as its note teller, and had the implicit
confidence of it's officers 1t is probable
that Alvord lost the greater part of the
money he stole in specializing in the
street, at the very entrance to which he
handled millions of dollars.
President George II. Baker of the bank
gave out the following statement: The
note teller, who has been in the employ
of the First National Bank for many
years, is a defaulter to a large amount.
His operations have continued for con-
siderable period and have been sBillfully
concealed through a manipulation of his
balance books The discovery was made
by one Of the banks employees a few days
after the completion of an examination
of the bank by the United States exam
liners. During the continuance of his
populations, periodical examinations have
been made by several distinct corps of ex-
aminers representing the comptroller's de
partment, all expert accountants, and the
bank has also had frequent Independent
examinations, none of which have devel-
oped any irregularities. The aggregate
of the false entries amounting Il $780,
600 has been charged off on the books of
the bank out of the reserve fund. 1t is
+ba4 che 70, Will he 10
rally reduced by a substantial sum of
which there is a fair prospect of recov-
cry. Alvord's stealings extended ever a
period of several years The discovery
of his peculations was made during his
absence on sick leave. 1t has been learn-
ed that Alvord played the races heavily
and frequented gambling houses. He had
been in the banks employ for twenty
years"
Alvord has a wife and three children.
His home was at Mount Vernon and he
was respected there as well as in Wall
street. The loss in money is hardly dis
turbing to the bank, which is one of the
strongest in the city. The deposits
amount to So, 100000 and its resources
are said to be $50000,0O0
Alvords stealings are the largest
known in the history of New York S
banking Institutions. Cashier s. s. See
ley Of the Ghoe and Leather Bank stole
1854 900 in 1894, up to which time he
held the record. He is now serving a
term in the penitentiary. having been
caught at Chicago few weeks after his
fight. Following are some of the bank
defalcations in New York City and vi
cinity:
19O0-C. l.. Alyord, First N sional. 500, 100
19e0-W. Schneider, Eizabethport,
New Jersey .......,.,...... JOG ,75G
1896. NJ. Valentine, Perth Am
boy N. observation-disclosures. 10000
1s97-L: L. Rose, Bedford, Brock
Ign .......,.............. 6,20a
1S9S-E. o. Quigley, Mercantile Ma
tional .-............ ..s..ss $4,000
1S94-{S S. Seesy and Fredk. RaBer
shoe and leather ........... 3J4, 000
1S94-S e. Ay2I,4T, shoe and leather. 10000
mere ..........'....,....... 10000
1S94-John K. TAFT, Chemical Ma
tfonal ...................#.s. l,5O0
1S94-David Morgan, Bank Of Re
public ACKNOWLEDGEMENTS. 5000
1S94-F. T.. Eager, Trademarks Ma
tional OBSERVATION-DISCLOSURES. 1900