The daily morning journal and courier., 1907-02-15
CLUE ID WHEREABOUTS
 OF TREASURER WALKER
REPORTED RECEIVED BY DI- RECTORS OF NEW BRITAIN
 BANK.


 S4O,OOO in the Baptist Convention
 Funds-ADother Statement by Di-
 rectors Assuring Solvency of Bank
 All DeposItOrs to be Paid With
 Interest.
 New Britain, Feb 14.-A message re- ceived from New York late this after noon by the directors of the Savings Bank of New Britain, contained, it is understood, a clue to the whereabouts in New York of William F. Walker. the missing treasurer of the bank, but the natureof the clew could not be learned.
 No clue as to the location of the se- curities which Walker took from the bank has been found in spite of a very active search in New York and several other cities. The bank situa- tton apparently rests on the apprehen- sion of Walker, for the run of deposit- ors has ended, and the institution prac- IlCcttlJ Cnulu ICouulC bQ0AllSHC NtIiAONAs ' delay. A current report that a portion of the missing securities had been found resolved itself pinto the fact that $45 GOO worth of bonds were deposited in a New York bank, and were allow ed for in striking the balance yester- day to determine the actual shortage, which remains unchanged at $565,00O.
 The board of directors of the bank met early this evening to discuss, it is understood, the present phase of the situation. Nearly every member feels certain that a large numberof the miss ing securities will be secured intact. The belief is held that a greater por- tion of these securities has been hy- pothecated, as inquiry among financial interests in New York city brought out the fact that Walker would have been unable to dispose of the securities eX- cept at a considerable sacrifice, owing to the state of the market, but as their quality was excellent he would have been able to borrow money on them without much difficulty. The, commit tee of the directors which went to New York seemed to be con slnced that if the bonds had been sent through the customary channels of exchange some trace of them would have been found before this. Up to the time the message was received from New York this aft ernoon the directors positively declar- ed that they did not have the least idea of Walkers movements since last Sunday, nor the least sign of single I,, boo cnln Tbp directors, and, in fact, everyone who has any connection withthe case are nonplussed at the lack of news. The developments of the day were that Prosecuting Attorney c. H. Mitchell, on his own initiative, drew up war rant for the arrest of Walker on the charge of appropriating to his own use two bonds of $1,000 each belonging to the bank, and sent Chief of Police Rawlings to New York to inform the police there of the fact that the miss ing treasurer was wanted on a crlm- inal charge.
 Many people in New Britain have asked Mayor Landes why the directors of the bank have not issued statement covering the entire situation, and it is understood that the mayor has suggest ed to the directors that they owed it to the credit of New Britain to make a frank and unqualified report of the sit uation. It has been ascertained that walker had several outside business investments and that he had some out standing notes which bore endorsement of local business men. Recently in a business transaction in which he was called upon to settle an account he is said to have asked for further time owing to the fact that he was pressed for money just then. A few weeks ago the sum of $700 is said to have passed into Walkers hands as insurance be- longing to the Y. M. c. A. in payment on a policy held by the association at the time its building was burned re- gently with approximately $4O,OO0 miss ing from the Baptist convention funds the dedication of Walker appears to exceed $6O0O00. The only realty that he had was his modest home which was assessed at $500, and against this mite an attachment for $500,000 was levied to- day in favor of the bank.
 lAt the meeting of the directors this afternoon second statement was drawn up which was signed by all the directors, repeating what was said in the first statement given out, that the bank is solvent, and guaranteeing that it will pay all depositors in full, princi- pal and interest The statement warns depositors not to be induced to sell their pass books at any discount. The committee of the bank directors, H. E. Russell and W. H. Hart, which went to New York to search for Walker and locate also If possible the missing se- curities made their report to the direc- tors. It was given out that they had reported that they had prepared and circulated a list of the missing securf- ties: that they had employed detec- tive agency to run down Walker and that they had taken other methods to apprehend him, Although the directors feel hopeful that some of the missing securities will be recovered they all deny emphatically that they have re- ceived either directly or indirectly any proposition from walker in regard to the securities.
 1t is reported here tonight that a man who is believed to have been Walker was seen in New York one day this week.