Daily Kennebec journal., 1900-04-16
$25,OO0 MISSING.
So is Teller J. c. Farrar OF
Waterbury, VT, Bank.
Thought to Have Borrowed" to Make
Good His Stock Account.
4 General Favorite in Town His Vile and
Relatives Frustrated.

Waterbury, VT, April 15.-FollowinS
close on the heels of the Rutland bank
defalcation came the disappearance,
last night, of ]. c. Farrar of the Wa
terbury National Bank, and the dis
covery practically at the same time OF
an apparent shortage in his accounts
of $25, 900. Whether Farrar left the
city in a north or south bound train
has not yet been ascertained, but MS
absence and the subsequent disclosure
caused a sensation. today.
Besides his position as teller, Farrar
was town treasurer, but the latter
funds do not exceed $4,000 or $1,000 BE-
ing an unusually bright young man
and Of a highly respectable family the
disclosures, today, seemed almost IN
credible to his many friends ana
proved a terrible blow to his younG
wife and parents. His friends belleNeu
that it was simply n case of borrowing
to make good speculatiOns in the STOCK
market.
The story Of his discovery and the
disappearance does not sound un1amll-
lar. Farrar was working quietly at ms
desk, yesterday afternoon. when Cash
ier Charles Wells asked him about
some apparent error in figures. far-
rar at once began what seemed to be
thorough investigation, the two work
ing for some hours trying to unraVel
the tangle in the accounts.
At 6 o'clock, Farrar suggested that
khe work be suspended for an hour
in order to get supper. He told the
cashier that he would come back and
find the mistake if possible. Cashier
Wells readily assented to the adjourn
ment but his trusted teller has not yet
made good either his engagement or
what the bank now claims is short
age of at least $25,000.
Farrar could have left town within
half an hour after his departure from
the bank. A train for the north left.
at G1O. while another went south. at
$50. but no one 50 far as IS known,
say Farrar take either.
Mr.. Wells returned to the bank ac-
corGing to agreement and after wait
ing half an hour began an invcstigA-
ton on his own account. with the re-
suit that the bank officials, including
the president. cx-Gov. W. =. Diling-
ham. were notified # the situation. ~
the capital # the bank is $1G0,o00 and
llS surplus II w tI |''-''''''. '4l' ''''-4iN '
ficiaIs stated. today. that the loss
could be readily borne ami that tho
capital Of The bank would not be i'm
paired This Of course is provided that
no further shortage is discovered.
Up to a late hour. tonight, no war
rant had been issued for the arrest of
the missing teller. and so far as learn
ed. the bank examiner has not been
notified.
Farrar was born here. "a years ago,
and has spent his whole life among his
fellow townspcople. becoming an al
most universal favoritc. He has been
working in the bank six or seven years.
gaining. during that time. the conf
dencc Of all the officials. who natural
ly trusted him implicitly About two
years ago. he married most estimab bl"
young lady. and one child was born T.
them. Both his parents are living and
are among the most respected people
of the town.
During the past few years. he has
handled all the funds of the village of
Waterbury. ana there should be 4 bal
ance in the bank in the towns favor
of nearly $4,000 Whether this amount
has followed the funds of the bank is
not yet known. His friends are 10th
to believes that he actually stole the
money, hut are rather of the opinion
that he borrowed it for short time
to make good his stock market ac-
counts Ills family are prostratad by
the shock and by the failure to trace
his whereabouts.
1t is expected that 4 complete state
ment Of the condition Of the bank will
bc issued in 4 few days.
1t was stated. tonight. that Flrrar
was quite a heavy loser in the recent
failure Of the stock brokers, Knott &
Clausson of burlington.