The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-08-15
w. P. G. HARDING, President.

W. r. =. 7AHDlNG, PRESIDENT.
The above letter Is the latest and most
interesting development growing out of
Alex r. Chisolms theft of 100000 from
the First National bank
The letter was sent yesterday to Mr..
Smith and 1t was an Indication of the in
tention of the bank to fight the matter to
the bitter end against P. G. Smith. repre-
local manager for Gilbert & Clay. the
stock exchanges in which Chisolm lost
approximately sos. 600 of the amount stolen
Something between $4,000 and $4,000 is
now the amount known to have been
lost by Chlsolm in the exchanges. OF
this amout $4,000 went to Foster & Co.,
and $47, AIS went to Gilbert & Clay, as
is shown by the books of the two COM
panies, which are in possession of the
United States commissioner.
Statement of Losses.
The two deposits of Smith in the First
National bank will lower the loss suffered
by the bank to the amount of 1854 "a.
In addition to that Alex Chisolm yester-
day turned ever to the bank several
shares of First National bank stock,
which he had bought, amounting to $4,000.
This will further reduce the loss of the
bank.
The following shows the latest tabulated
condition Of the loss of the bank:
stolen ...... 500, 90. 90
ChisoIms bond $500. $50, 10000
Cash found on Chisolm.. 3,2os.oO
Bank stock held by
ChiSOlm ................. 4,ooO.OO
Smiths deposits ........ 1S,S54.94
Total :. ............. .s56,o62
5e,O62. "a
Net loss ....-..-..........'.....s 4o''o''oo
Mr.. Harding, president of the bank
Yesterday afternoon secuted the idea that
the United states Fidelity and Guaranty
company would not pay the amount OF
Chisoln's bond. He said:
"There was no need OF the company
having the loss by wire. They do not
do business in that manner. They inves-
tigate the matter just as fire or life
insurance company would do before pay
ing a claim 1t has to go through the
regular channels, but we will be paid
beyond a doubt. We have complied with
all the requirements In the bond and
am sure it will be paid.
"In fact a representative of the COM
MANY called on us this morning and Sc
cured an affidavit to the loss, which has
been forwarded to the bonding company
This was the proper method of trans
acting the matter.
"As my letter to Smith indicates we
are going to make every effort We can 70
collect the remainder of the amount taken
from the stock exchanges where the
money was lost"
p q. Smith is still away on his vaca-
t,on and nothing had been heard from
him at late hour yesterday. Efforts are
being made by the United States marshal
TO locate him and have him placed in Gus
todv. AS soon as he is found an officer
will he sent after him. 1t is believed by
many that Mr.. Smith will return volun-
tarilv to Birmingham and surrender HIM
self. 1t is not known in which OF the
several cities he intended visiting while
on this trip he spent yesterday, or where
he will be today, but kilograms were
sent to a number of places to United
states authorities to look out for and
apprehend Smith.
ChisoIm Still In Custody.
Alexander r. Chisolm is still in custody.
He decided yesterday afternoon after con-
sultation with his attorney. Capt Frank
s. White, not to attempt to make bond
until after the preliminary hearing, which
will be held next Monday.
Chisolm was in conference yesterday
with friends and relatives practically all
day He also conferred with his attor-
ney and had several conferences with
Walker Percy, representing the First Ma
tional bank. Col. Robert Chisolm, father
Of young Chisolm, has returned home and
is assisting his son in whatever manner
he can in his troubles. He spent much
of yesterday with his son and was present
at the various conferences which were
held.
Books In Court.
United States Commissioner Watts yes
terday ordered the books of Foster & Co.
to be produced in court, They were
brought to him and all of the transactions
of Chisolm with that firm were checked