Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1900-10-31
ROBBED OF S7oo, GOD.
First National Bank of New York Suf-
fers from Trust in c. L. AlvOrd.

fers from Trust in c. L. AlvOrd.
Cornelius l.. Alvord, note teller in the
First National Bank of EeH York, 2
Wall street, stole 100000 Of the banks
funds and absconded The banks officers
positively deny that anyone in the bnnk
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 specializing in the
street, at the very entrance to which he
handled millions of dollars.
President George f. Baker of the bank
gave out the following staterent- The
note teller who has been in the employ
of the First National Bank for many
years. is defaulter TO large amount.
His operations have continued for con-
siderable period and have been skillfuAy
concealed through a manipulation of his
balance books. The discovery was made
by one of the banks employees few days
after the comp Fiction of IN examination
of the bank by the United States exam
liners. During the continuance of his
populations, 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 deyel-
oped any Irregularities. The aggregate
of the false entries amounting TO $780,
900 has been charged off on. t..e books of
the bank out OF the reserve fnnd. 1t is
expected that the shortage will be mate
rally reduced by substantial sum Of
which there is a fair prospect of recov-
cry. Alyord's stealings extended over
period of several years. The discovery
of his pecuations was made during his
absence on sick leave. 1t has been learn
ed that Alvord played the races heav' y
and frequented gambling houses. He lad
been in the banks emrloy tor twenty
years"
Alvord has a wife and three children
His home was at Noun; Vernon and he
was respected there as well as in Wall
street. The loss in money is hardly dis
turbing to the bank. which is oae of the
strongest in the city The deposits
amount to $50. 100000 and its resources
are said to be S:0.0o0,oOo.
Alvord's 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
$685. 900 in 1894, up to which time he
held the record. He is now serving
term in the peuitentiary. having been
caught at Chicago a few weeks after his
fight. Following are some Of the bank
defaleations in New York City and vi
cinity:
1000. l.. Alvord. First National. 800. 900
l9OO-W. Schneider, Elizabethport,
New Jersey .............. I06, $50
1906. NJ. Valentine. Perth Am
49, boy. y. J......:............. $4,000
1s97-L L. Rose. Bedford, Brook
iyn ....... .......- ......-... $500
1s95-E. O. Quigley, Mercantile Ma
uonal .........- .-.s...-. 148, 900
7S94-S. S. SeeIy and Fredk. Baker
shoe and leather ........... $4,000
1So4-S. f. Aymar, shoe and leather 10000
1S94-E. L. Carter, Bank Of Com
merce -.--......-.-........ 10000
1s94-John X. TAFT, Chemical Ma
tional ...-......+........... 1900
1S94-Dayld Morgan, Bank Of Re-
pubic ACKNOWLEDGEMENTS. $500
1s94-F +. Eager. TradesmaBs Ma
tional ACKNOWLEDGEMENTS. 1900