The Montgomery advertiser., 1907-02-14
TREASURER
 WRECKS BANK
 - Gets Away With Half Million. WALKER HAS DISAPPEARED Connecticut Baptist Church Badly Crippled by Defaulter. Savings hank of New Britain Has to Close Doors on Account of Pecu,ations of Trusted
 oacer.
WALKER HAS DISAPPEARED

New Britain. Conn. Feb. 13.--More than half million dollars worth of se- curities were taken from the vaults of the savings bank of New Britain by the missing treasurer, William R. Walker. according to statement is- sue by the Board of Directors of the institution this afternoon following the examination of the collateral m the bank by State Bank Examiners Ken dali and Noble. There is left surplus Of about $I43.000s over and above the amount due to .depositors. the actual shortage being s565.00o. The directors believe the greater part of the securi- ties will be recovered.
 As the Bank Commissioners were preparing a statement to give 10 the directors Mayor George M. Landers sent a letter to Governor Woodruff asking that Commissioner Kendall be removed from office on the ground of neglect of duty and general incompe- tency. He pointed out in this letter that when MT. Kendall began an exam
 nation of the affairs of the bank last Thursday, Treasurer Walker. on a plea of Illness. left the bank and Commis- sioner Kendall did not continue his work. but returned home to await Walkers convenience, knowing at the tinre that the latter did not return home that day.
 Ot0 NON TWk& G&88s
 The examination of the bank appar- entity, shows that Walker did not touch any of the ready cash or the book ac- counts and that tho shortage is purely an abstraction Of bends.
 No one in New Brftain has been able to give a reason for his need of the bonds, as members of his family. his fellow employees In the bank and his partner in an outside business enter ,sfo anf NR any speculative dealings on his part. That he was interested in some sort of an outside investment was made al- most certain this evening by informa- ton obtained that Walker last week had consido. able telegraphic communi- cation with parties in New York and to learn the source of this the direc- tors. committee went to New York last 50 great was the run today on the I savings Bank of New Brltain. from which walker is alleged to have efil- bezxled almost half q million dollars, that the bank posted a notice saying 1t was necessary to stop payment and | invoke the njnety-day clause.
 The directors and officials of the bank, in a bulletin issued shortly be fore noon, announced that the pecula- tions of Treasurer Walker amounted to $450,000. this sum in negotiable securities being missing. The state- ment is based on the report of the banks auditors who have been in- vestigatlng its affairs
 Today State Bank Examiners Ken daIl and Noble started sn investiga- tion, but 1t is not believed that their examination will reveal greater | shortage than the amount above stated, the directors saying that the books and cash balance up to a cent Over one-half of the missing securities are in railroad bonds. So far today 10 word has been re- ceived of the committee of directors which went to New York last night to hunt for tte treasurer. and. if pos sible, to locate some of the banks se- curities.