New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-26

J the First National or, far can be learned
in any other bank. His stealings were Of money
! and it might be that in line with his shrewdness
shown in abstracting the banks funds he had
| never appeared a principal in any STOCK
transactions. but had from time to time turned
over to a trusted confederate cash, which can
| not be traced like checks with which to oper-
ate for him on the Stock Exchange. Alvord
also. il is rumored, silent partner IN an
/ uptown mercantile house and the financial back
! er OF a mems furnishing store, and IN these
enterprises, as well in his stock ana race
track gambling and his known extravaganza
of living goodly part of the stolen funds may
| have disappeared.
| No successor to Alvord has yet been appointed
at the bank and it is believed that the new note
teIIer's duties will be very much curtailed. II is
also expected that the new note teller VIII act
simply as such; that he will have nothing 10 40
with the adjustment Of the banks C4eaIlhs
House settlements, and that letter teller VIII
| be appointed to open all mail and take charge
| of all communications of the banks out OF town
| correspondence. There is reason to believe also
that the bank officials will act on the suggestion
| of the National Bank Examiners that there
| should be rotation of duties among employees
holding responsible posts. Many of the banks
now employ a mail teller q check upon the
note teller and the system has been found to
work so satisfactorily that 1t may be said to be
| firmly established as a feature Of the most MOD
ern methods Of managing the affairs OF large
bank The principle Of rotation Of clerks ana
heads Of departments is also no longer doupt-
full experiment having been put in operation
with entire success by some OF the leading banks
high bank official connected with the Clear
ing House Association declared yesterday that
the Alvord case not within the province Oh
the association. and that 1t could not be Off
National Bank was elected president of the
Clearing House Association early in october, 1t
will be recalled.
ALvORD NOT AT HIS HOME
AIvord is not at his home in Mount vernon
This statement is made positively by intimate
friends Of the family. who were at the abscond-
er's home and talked with Mrs. Alvord as iate
as 10 o'clock last night. The same persons eX-
press the belief that Alvord is in Network at
the home of some very intimate friend, and that
he will be behind the bars in forty-eght hours
They say that they believe that he VIII sur
! render when he learns that a warrant for his
| arrest has been placed in the hands of the police
The present delay, according TO the theory or
! the missing mans most intimate friends, mas
| been caused by the bank officers, who are anx-
| ious to recover all the cash he has on hand
His possessions in Mount Vernon, they declare,
/
| to the immense sum he has stolen. Besides
/ nearly all the Western property is in Mrs AL
words name and there is doubt II it can he
| levied on.
It is believed that the defauter is in close
communication with his wife. For two nights
a boy riding a bicycle, covered with dust, has
visited the Alvord home CT Chester Hill. Mount
Vernon. He arrived just at dusk and in reply
| to questions asked him by reporters said that
| +br how 81
night he carried an envelope in his hand, and
walked rapidly to the front door. where he de-
| livered it to the butler. The lad told the re-
porters that he had come up from New-To rk,
and that he received SO each to carry the mes
| sages. He said he would not tell who had sent
| them for 500 The person who employed him
he said had treated him we'll and he intended
! not to reveal any Of his secrets.
John H Murphy a real estate dealer who is
| a close friend of the family, yesterday morn
| ing visited the AIvord home, and after he had
been there a few minutes coupe was driven to
| the door and the three children and a maid got
in. Then Mr.. Murphy, who accompanied them,
! slammed the door and ordered the cOachman to
| drive to Yonkers. At Yonkers the maid and
| children were put a New-York Central train.
! 1t is said that Mrs. Alvord could not bear to
tell her children the truth when they chung to
her and cried for their father Rather than
listen their pitiful appeals, she decided to
| send them to the home of their uncle, William
Alvord at Stockport n. Y. An effort will be
made to prevent them from ever knowing or
! their fathers crime.
OTHER INCIDENTS IN HIS CAREER.
other incidents in Alvord's career have been
| discovered. The talk of his being plunger at
the racetrack is not true. He has not missed a
! day at the bank this year, and could not
! frequent the racetrack. He took no vacation
| this summer asking the bank officials for a
| month off next winter to visit California His
| family at Saratoga for a few weeks this
| summer, and Alv0rd went up there every Satur-
! day afternoon, and left there in time to be
| at the bank on Monday morning TO open the
mail. His gambling consisted of poker playing
! principally. With the exception of the time
| his family at Saratoga this summer he had
| not been away from his wife or home more than
| two nights in sixteen years.
This fact told by Mrs Alvord 10 an in
| innate friend He a devoted husband and
| father. Alvord spoke about retiring from the
bank next spring the money he was going to
| make in speculation after the Presidential cam
paien.
| The extravaganza and excitement in which AL
| word INDUCED seemed to he to relieve his mind
from the terrible strain under which he was la
boring when the man had time to think and
reflect. Outside of business hours he always
wanted to be doing something He would en-
terrain lavishly. and spend the evening playing
cards with friends. II there was a Iull he would
suggest something else. When the evening was
oyer the wine he had drunk would give him
the sleep he craved.
Alvord lived in continual dread of his thefts
being discovered. When he was at home and
not occupied he would SIT by a window facing
the street and watch every passer by closely.
1t is said that the first tip which the First Ma
| tional Bank got concerning Alvord's method of
living which led to the discovery Of the defalca-
ticn, came from Alderman Thomas f. Fletcher
of Mount Vernon who spoke casually of the ex-
traVagance of Alvord to the president OF a down
| town bank where Mr.. Fletcher deposits.
| The bank officer said the Alderman: "Ill
speak TO Baker (the president Of the First Ma