The Portland daily press., 1900-04-16
TELLER DIDN'T RETURN.
And Bank Found a
$25. 600 Shortage.
Sequel to Discovery Of Error in
Vermont Institution.
Trusted Official Sudden
ly Leaves Town.
Was Highly Respected and I'm
plicitly Trusted.

Waterbury, W., April i5.-Followine
close on the heels Of the Rutland bank
defsloation came the disappearanos last
night Of J. q. Farrsr Of the Waterbury
National bank and the discovery practi-
oally at the same time Of On apparent
shortage In his accounts Of e25,ooo.
whether Earrsr left the oity In Q north
OF south bound train has not Jet been as-
certained, but his absence and the subss-
qusnt disclosure caused . sensation to-
day.
Besides his position az teller. Farrsr
wss town treasurer. but the iatter's
funds do not exceed three or four thou.
sand dollars Being an unusually bright
young man, and Of highly respectable
family, the disclosures today seemed al
most Incredible to his many friends and
proved . terrible blow TO his young wife
and his parents. His friends believed
that IL was simply . case Of borrowing to
make good speoulations In the stock mar
kst
Ths story OF his discovery and the dis
appearance does not sound unfamiliar.
Earrar was working quietly at his desk
yesterday afternoon when Cashier Chss.
Wells asked him about some apparent
error In figures. Farrsr at once began
what seemed to be thorough investisa-
tion, the two working for some hours
trying to unrsvei the taagls In the 40
counts. At six o'clock FarrAr suggested
that the work be suspended for an hour
In order to get supper. He told the
~. t..k kan GnA
the mistake II possible. Cashier Wells
readily asaented TO the adjournmept. but
his trusted teller has net yet raeis good
either his engagement or what tns hank
now claims is shortage Of at least sa6.
600. Farrar could have lsft town within
half m hour after his departure from the
bank. A train for the north left at 6.l0
willis another went south at $50, but no
one 90 far as 10 known, saw Farrar take
either.
Mr.. Wells returned to ths bank accord
ing 10 aares mept and after waiting half an
hour began an Investigation on bis own
account, with she result that during the
event ng the bank officials inoluding the
president, ex.0ovsrnor W. p. Dilling-
ham, were notitie d Of the situation:
and its sur plus over ss1 COO the bank
officials sts ted teday that the loss could
bs readily bsr ss and that the capital Of
the bank would not be impaired. This Of
course 10 pro vidsd that no further short
age II discovered.
Up TO . lat . hour tonight, No. warrant
had BEEN issued for the arrest Of the miss-
ing teller and 90 far ~ learned the bank
examiner had not been notified.
Farrar Was born here twenty -four years
ago and has spent his whole life among
his fellow towuIpeople, becoming an al
most universal favorite He has been en-
rioysd In the bank six or seven years.
gaining, during that time. the confidence
Of all the officials, who naturally trusted
him implicitly.
About two years ago he married most
estinabls young lady and one child has
been born to them. Both his parents are
iiving and are among the most respected
people Of the town.
During the past few years he has
handled all the funds Of the villsve OF
waterbury, and there should be balance
| In the hank In the towa's favor Of nearly
four thousand dollars. Whether this
amount has followed the funds OF the
bank is not yet known. His friends are
10th to believe that he actually stole the
money, but are rather Of the opinion that
he borrowed 1t for short time to make
good his stock market aceounts. His
| "a miiy are prostrated by the shook and
| BY the failure to trace his whereabouts
10 is expected that complete statement
Of the condition Of the bank will be Is
sued In . few days.
1t was stated tonight that Farrar was
| q uits . neavy loser In the recent failure
| os the stock brokers Knott Il Ciausson Of
Buriing ton.