The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1900-10-29
ALVORD HIT THE BANK HARD.
FIRST NATIONAL OF NEW YORK
Is LOOTED.
Note Teller Gambled on Everything
in Sight and Lived the Life of
Prince.

New York. October 23.-Charles l.. Al
word. Jr.. note teller of the First National
bank of this city. is a fugitive and a
defaulter TO the extent of 100000.
The announcement of the defalcation,
which was made this afternoon. created
the utmost excitement in the financial
district OF this city. but the well known
stability of the First National bank and
a statement issued by the bank had a
quieting effect. The statement was as
follows:
The note teller. who has been in the
employ OF the First National bank for
many years is a defaulter TO large
amount His operations have continued
for q considerable period. and have been
Skillfully concealed through a manipu-
lation az his balance book. The discovery
was made by one of the banks en-
ployees a few DAYS after the completion
Of an examination OF the bank by the
United States examiners During the
examinations have been made by several
distinct corps of examiners representing
the comptrollers department. with eX-
pert accountants. and the bank has also
had frequent independent examinations.
neither Of which has developed any ir-
regularity. The aggregate Of the false
entries amounting to $4,000 has been
charged OF on the books of the bank
out of the reserve fund. without diminish
inc the surplus AMI profits Of the bank
ms reported in its last published state
mont. II is expected that the shortage
viii be materially reduced by a substan-
;ial sum. OF which there is fair pros
poet Of recovery
AFFORD had been with the bank for
twenty years and was one OF the most
trusted men I'm the Institution. His steal
in@s extended over long period. hut no
suspicion OF the truth was known until
ten days ago. when ne sent word that
h. was ill at his home. After he had been
away for day or two. the bank put ex-
ports AZ work and some Irregularities
We're found. As the experts delvcd deep
cr and deeper into Alvord's books the
extent of the robbery began to dawn on
the officers until they were overwhelmed
TO find that Il reached the enormous fig
ure OF Ssoo.a9. Whether that sum is all
he took IS rot vet known
Among MS business associates ne was
looked up to and on Wall street was
known as Happy Alvord" because N
his CHEEKY ways. His home was IN the
suburb OF Mount Vernon. This home Is
magnificent place. located on Chester
I'm. one OF the most aristocratic sections
OF the suburb. II is surrounded by luxu-
rious grounds and there are extensive sta
bles.
Alvord has long been considered one Of
the big men OF the town. His family
entertained lavishly and gave large sums
20 charity. lie was prominent in church
circles and his wife Is considered one Of
the most beautiful women in Mount Yer
non.
Late this afternoon Mrs. Alvord. wife
OF the missing note teller. was seen at hcr
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 a boy. They
kept four or five servants.
Alvord was capable and experienced.
and the discovery OF his defalcatiohs,
made after he was gone. was a complete
surprise TO everybody The loss of the
money IS hardly disturbing the bank.
which Is one OF the strongest in the city.
The crime has been known long enough
70 the officers now 60 enable them TO say,
with some assurance. that Alvord did his
wo-i, alone. No one else is under suspi-
rfou