The Montgomery advertiser., 1905-09-30
NO CLUE YET.
New York Police Searching for Thief
 Who Got Q39O, ,OOO.

Who Got %SSOsUVV.
 New York, Sept. 29.-So far as could be ascertained today no attempt mas vet been made by the thief who got possession of the $36O'0OO worth or se- curtties, by presenting a forged check at the City National Bank yesterday, to dispose of them. Detectives and the financial men interested in the loss are
 making every effort to prevent the ne- Totiation or sale of the securities ana to find the young man who presented the bank a forged check, bearing what purported to be the signature or Feari & Co.,, the owners of the securltles'
 It was stated that the young man for whom the detectives are searchlhs was probably only an office ooy ana may have been acting in penan or some more experienced operator
 Much significance is attached to the fact that the certified check excnangeo for the valuables was made out with one days interest at 1-2 per cent ln- stead of IA. Pearl & Co., the own, ers of the securities. which they had 5anosited as collateral on the previous day thought the rate was l-4, all though the bank authorities put u down at 1-2 on their books, and tnis fact tends to show, according to the detectives at work on the case, that the forger must have been in cIose touch with the loan department of the National City bank
 Vtce-President Frank A. Vanderlip, of the National City Bank, made statement today in which he said that the person who made the forgery knew the details of the loan, the hrnn, the rate of interest and the amount, which are the clements of interest calcula- ton. The forgery of the name of Tel Ter Burns, of the Hanover Bank, MT Vanderlip pronounces as especially good He said that no one in the em- ploy of the National City Bank was suspected in the case.
 The freedom with which securities representing hundreds of thousands or dollars and even certified checks Tor large amounts are entrusted to mes senger boys was referred to by an ot- ficial of the National City Bank in dis cussing the disappearance of the Pearl & Go. securities. He said that the loan clerk who was concerned in this affair is not under any censurelfor any bank officer probably would have fall en into the same scheme. The Nation al City Bank has been loaning $50,00O.- 900 a week lately, he said, and much of this has been taken away by messen- ger boys in the form of certified checks. Even as he was speaking three small messenger boys in uniform came to the loan window, put In securities and drew out checks for loans aggregat- ing S4O0, 900. Securities and even cer- tified checks are considered unnegotia- ble fin the hands of unknown persons in the Street. the bank official said. but they are trusted implicitly to these small boys in blue. The same reason ing makes 1t possible for stranger to call at the window to get out a big block of securities or a big check without being identified, whereas a man with a $10 check in his own name would have ito bring somebody in to prove his identity before he could get cash.
 The National City Bank officials say they have no description of the person who put in the check and got the secu- rites.