New-York tribune., 1906-07-22
RANKS LOSS SMALL.
crsrk IN National PARK Got .4acay
uith Only $500.

ors that the National Park Bank had suf.
- heavy loss through defalcation, the
.r,. being placed as high as 100000. were
-.,,v,elv denied yesterday az the bank These
-,r1s had their origin in the arrest on Friday
-. of Edward Frost, a clerk in the Park
- on the charge OF having stolen $3.50 from
= s,.sisufion Al the bank yesterday morning
=. s,uowing formal statement concerning the
- vas given out:
-7-,,b reference TO the alleged defalcation on
=. 1Sft Of an emplcye in the teller's depart-
.-s,s =. Of the National Park Bank an official OF
- - ,nsfifution stated to-day that the anaounf
-, tlet,-eS h $50 as indicated IN some os sbs
IS-,1v uapers. II Is a plain case OF abstrar-
~ ri funds, and there are no accomplices.
rsr,rd Frost was arraigned in the Tonlhs
.,nrt Yesterday morning, and was committed by
,r..,strste Mayo TO the Tombs in default of
sornO hail for examination on Tuesday.
-te amount alleged IN the complaint 70 have
-, stolen is $3.50. and in court it was stated
-. although this is not the only money the
=, mas admitted taking from the bank the
- at the outside VIII not exceed $500, and
IN nrobably be considerably less than that
anOunt
rroyt vas employed in the bank as assistant
-.,.,z teller. position he had held for the last
-. ~ the nine years he had been in the banks
s-.,,sv. Ee is not charged with big defaIca-
~ and. according to the testimony, he SUBJ
.1tutsd cancelled checks for cash, using the
,,sb for his own uses. and being caught short
n his cash.
Maurice Il Ever. cashier OF the bank ap-
-,sres as complainant IN the case. and all
.souah the bank was not represented by coun-
ssi william Fenter. g lawyer who is also an in
s-ssior for the American Surety Company,
-,bieh furnished the prisoners bond for $4,000.
-ros on hand TO prosecute the case He ex-
-l.ipsd 70 MAGISTRATE Mayo that in cases Of this
kind The bonding companies eventually become
,be conplainants. as they have 20 make good
tie shortages
Fvost was represented by counsel but did NOT
make any statement, and refused to talk about
ais arrest According 70 the evidence, as given
~ llr Felter the larceny took place on July IA,
vben Frost took S15O from the cash drawer and
plaess in its stead cancelled checks for that
amount This, the lawyer explained TO Magis-
trste Mayo. was a common practice among
certain bank clerks who needed small sums OF
money. which they paid back out OF their own
pockets later This practice the banks wished 70
brsak up. and Frost's arrest was IN the nature
Of an example. He stated that Frost had made
6 confession 10 the bank officials. and had ad-
Eitted taking the money. His story was that
be was building a house in Newark, which ate
up all his salary Of $500 and one Of his chill
dIen being al present ILL and needing money
for doctors bills. he had taken the money with
the intention Of replacing it when he received his
pay The lawyer also testified that Frost had
admitted taking other sums at several times in
the past but ali were small amounts. He denied
thai the prisoner was guilty OF any large defal-
cation. as had been rumored. and said that the
hank officials had told him that the sum taken
By the prisoner would not exceed $500
Frost is married and has two children. Be
fore being brought to court he was lined up with
Een gathered in by Inspector McLaughlin's de-
isetives Friday night. and after being viewed
By them was photographed for the Rogue's Gal
ley.
The most recent preceding theft from local
hank was that Of Wheelock Harvey, nineteen
Young Harvey disappeared early last month.
having In his possession about $4,000 IN checks
and drafts which had been given him for collec-
ton certifcation. He cashed four OF the
checks obtaining about 500 in money. but
mailed al the other checks and the drafts back
10 the bank from Washington He was ar
rested TWO or three weeks later in Texas.
One of the largest defalcations ever committed
in this city had as its victim also the First Ma
tiOnal Bank-that Of Cornelius 1. Alvord, Jr.,
Inc note teller. whose crime was discovered IN
the fall OF 1900 and whose stealings. which had
been carried on over considerable period, ag-
gregsted Se900G0.
Captain Joseph A Turney, a teller in the Ma
tional Bank Of North America. got away with
more than $4,000 last spring by doctoring the
books