The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1900-10-26
FLY BANK CLERK
GOT 100000.
Lived Like a King For Years
On Stolen Money.
HE LIVED HIGH, THEN LEFT,
And 1t Was several Days Before There
Was Any Suspicion Of Anything
Being wIopg--No T,ace of
isis Whereabouts.

beinE WTOpg--NO Iface OF
ISIS wher eabouts.
New York Oct. 24.-Charles L. AL
word, Jr, note teller Of the First Ma
tional bank, of this city, is fugitive
and defaulter to the extent of
100000.
The announcement when 1t was made,
created the utmost excitement in the
financial district Of the city. but the
well known stability of the institution
and statement issued by the bank
had a quieting effect. This statement
was as follows:
"The note teller, who has been in the
employ of the National bank for a great
many years, is q defaulter for q large
amount. His operations have been
skillfully concealed through q manipu-
lstion of his balance book. The discov-
cry was made by one Of the banks
employees a few days after the compile
tion of the examination of the books
by the United States bank examiners.
During the continuance Of his pecula-
tions periodical examinations have been
made by several distinct corps Of ex-
aminers representing the comptroller 8
department, all expert accountants.
end the bank has also had frequent
Independent examinations. neither of
which has developed any irregularity.
The aggregate Of the false entries,
amounting to 100000 has been charged
off on the books Of the bank out Of the
reserve fund. without diminishing the
surplus and profits of the bank. as re-
ported In it's last published statement
1t Is expected that the shortage will be
materially reduced by substantial
sum, of which there is a fair prospect
of recovery"
| Alvord has been with the bank fol
twenty years, and was one of the mos
trusted men in the institution. His
stealings extended over long period
ibut no suspicion Of the truth was known
until ten days ago when he sent wort
that he was i'll at his home.
After he had been away for day ol
two the bank put experts at work, ant
some irregularities were found. AS thu
experts delved deeper and deeper int
Alvord's books the extent of the robbery
began to dawn upon the officers, unit
they were overwhelmed to find that 1
reached the enormous figure of $500, 200
Whether that sum Is all that he took Il
not yet known.
What Alvord did with all the cash Fl
also a mystery as yet, except that, a.
usual in such cases it is said that larg,
amount of 1t went in stock specula
ton. One story is that he had lost $500
IN one deal.
1t has been discovered that during
the summer Alvord visited Saratoga
where he cut great figure, spending
money like a prince. He rented cot
tage, kept fine stable of horses, ant
besides playing the races, is said t
have frequented gambling houses.
| Alvord has long been considered on
of the big men Of the town. His fam
lily entertained lavishly, and gave larg
sums to charity. He was prominent II
church circles, and his wife is consd
cred one of the most beautiful womel
in Mt. Vernon.
Invitations had been sent out for
grand dinner at the Alvord home
week ago tomorrow night. On the da,
set for the dinner messengers scurrie,
throughout Mt. Vernon recalling the in
vitations. That night the house was Il
darkness, friends of the family wer
told that Mr.. Alvord was i'll. The dark
ened windows since then, and the fac
that no callers were admitted led tn
neighbors to believe that his illness wa
serious.
His wife and family are still at home