The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-10-25

which has since been found to be $780,
600.
His thefts have been going on for a
long time. The plan of concealing them
ana making the cash on hand agree
with the amount for which he was ac-
countable, as shown by the books, was
to take out of the morning mail, of
which he was in charge, a sufficient
number of cash items to cover the ag-
gregate amount of his defalcation, and
add them to the exchanges for the
clearing house received during the pre-
Ceding day.
THE examination of the exchange at
the time of examination showed the
total amount correct, but S690000 of the
Items had been taken from the morning
receipts and listed with previous days
exchanges the amount of morning adj
ditions being reduced that much so that
the sum of the two aggregated the cor
rect amount. A change in the slip by
Alvord later in the day caused inquiry
and comparison to be made at the
clearing house, when it was discovered
that the two items of previous days
exchanges and morning additions did
the examiner, and count of the cur
rent days cash and checks in hands of
the third teller, revealed shortage OF
$500 900.
THE shortage seems to have been
about 100000 two years ago, and has
been increased gradually since that
time, the teller concealing the same in
the morning additions, which always
amount to much more than the amount
of his shortage and never enter the ac-
count of the preceding days cash.
"There is no way to have a check on
the morning additions to the exchanges
except by counting the note teller's cash
and checks twice. or to begin the eX-
aminations OF cash in the evening"
which is otherwise Objectionable.
1.-THE bank has charged out the
amount of the shortage without impair
count.
"a further examination of Alvords
accounts by the officers of the bank
shows that bis stealings have been go
ing on Cor several years. Fourteen
months ago he took a two weeks Vaca
ton, and an examination of his tickets
preceding his going and after his re-
turn, shows that he covered his sholt
age while absent by making a numbcr
of charges to out Of town accounts, and
crediting back the amounts on his re-
turn before the monthly statements
were sent out
1.-THE amounts Of his shortage at va
rious periods in the past seems to have
gone up and down, and it is probable
this Is due to the fact that whenever
he had reason to expect any investiga-
ton of his cash, or a periodical visit
from the examiner he would doctor 1t
by means of these false charges against
large accounts. In the present in
stance the examiner went into the bank
a month ahead Of the usual six months
period, the last preceding examination
having been made May Is, 1900, and this
unexpected visit prevented manipula-
ton of the figures by Alvord and led
to discovery of the defalcation.
This theft could probably have been
prevented by a rotation of the clerical
force of the bank, thus placing each de-
partment under the supervision of diff
ferent persons successfully.
There is no way to accurately check
the accounts Of an employe If he has
access to the preceding days cash, FROM
which to make good his shortage of the
current day and this is what Alvord
has always had), and has also the op-
to hold back credits for
longer time than the day on which the |
letters enclosing items are received"