The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1900-11-01
ROBBED OF 100000.
First National Bank of New York Suf'
fers from Trust in e, L, Alyord,

Cornelius l.. AlvOrd, note teller in the
First National Bank of New York,
Wall street. stole 100000 of the bank S
funds and absconded. The banks officers
| positively deny that anyone in the bank
or that any of its depositors was in col
| fusion with Alvord. He had been TWEEN
ty years in the banks employ. six years
as its note teller, and had the implicit
confidence of its officers. 1t is probable
that Alvord lost the greater part of the
money he stole in speculating in the
street. at the very entrance to which he
! handled millions of dollars.
President George +. 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 n defaulter TO a large amount.
His operations have continued for con-
siderable period and have been skillfully
concealed through a manipulation of his
balance books. The discovery was ma lie
by one of the banks employees few days
after the completion of an examination
of the bank by the United States exam
liners. During the continuance of his
peculations. 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 TO $780,,
900 has been charged off on the books of
the bank out of the reserve fund. 1t is
expected that the shortage will be mate
rally reduced by substantial sum of
which there is a fair prospect of recov-
cry. Alvord's stealings extended over
period of several years. The discovery
of his pecuatons 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 wife and three children.
His home was at Mount Vernon and he
was respected there as we'll 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 S35.000.000 and its resources
are said to be S50O00,OO0.
Alvords stealings are the largest
known in the history of New York's
banking institutions. Cashier s. s. See
ley of the Shoe and Leather Bank stole
S354.000 in 1894. up to which time he
held the record. He is now serving a
term in the penitentiary. having been
caught at Chicago a few weeks after his
fight. Following are some Of the bank
defa!cations in New York City and Vi
cinity:
1N0-C. l.. Alvord. First National. .S101 600
l3Oo-W. Schrciber, Elizabethport,
New Jersey -............ 1OG1Jo
lS.9-G. NJ. Valentine. Perth Am
boy. \. Observation-Disclosures. 80 600
1S9'-L: l.. Hosse. Bedford. Brook
i!n Goo
1So5-E- q. Quicley, Mercantile Ma
uonai OBSERVATION-DISCLOSURES. III 900
1s4-S. $. Seely and Fredk Baker.
shoe and leather. . 3l4. .Ooo
1S94-S. f. Aymar. shoe and leather. 10000
1So4-E. II. Carter, Bank of Com
merce ..................... 10000
1S9i-John X. TAFT, Chemical Ma
tional .................... 1900
1So4-Dnvid Morgan, Bank of Re
public Observation-Disclosures. 5.20O
1S?4-F- +. Eager, Tradesmans Ma