The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1907-07-19
new BRITAIN'S
EXPENSIVE FINANCIER
Savings Bank Has Spent
$4,000 to Find
Walker.
HE IS STILL AT LARGE
Hopeful Pinkertons Likely
to Catch Him Any
Minute.
HE IS STILL AT LARGE


Britain Wednesday, Treasurer E. N.
Stanley made the following statement
concerning the efforts to find Walker
and recover the missing securities:
"A great deal has been saidin the pa
pers and there has been considerable
talk upon the street about the effort
made by the bank to secure the arrest
of Walker, and it has been charged
that the officers and directors of this
bank have not really been anxious to
find Walker. In view of this l thonk a
brief statement is due the incorpora-
tors, showing just what has been done
by the directors to find Walker and to
recover something from the stolen Sc
our1ties.
The telegram announcing that Mr..
Walker had been killed by the cars in
New York was received here Sunday,
the 10th of February. 1t was not known
until the forenoon of Monday, the 18th
of February, that this telegram was
false. The directors and officers had no
Immediate means of obtaining entrance
to the security vaults of the bank as
Walker had had full control over them,
and it was Tuesday before it was def
initely known that large amount of
the banks securities were missing. That
day a committee of the directors was
appointed to take charge of the search
dor Walker and the missing securities
and from that day to the present time
this committee has worked diligently
and persistently to accomplish the ends
for which it was appointed. 1t has
given its time freely and for the first
six or eight weeks devoted almost the
entire time to this work.
The members went to New York up
on the day they were appointed and
secured the assistance of one of the
leading firms Of lawyers in New York
who have given their best efforts to the
work of this committee and the entire
force Of whose office was for the first
Gour weeks or more occupied with the
work of this committee. The services Of
the Pinkerton National Detective
agency were at once secured by the
committee and this agency has contin-
uously been putting forth its best eff
forts to find and arrest Walker. They
have sent their circular giving a full
description Of Walker, specimens Of his
handwriting and two good pictures of
him to the police departments in all
parts of the world. In addition to this
these circulars have been sent out by
the American Manufacturers associa-
: ton to their representatives in nearly
all foreign countries and the Stanley
works has sent to all of its customers
in South America, in Australia IN
South Africa and in various other
countries these circulars with a special
letter requesting particular attention to
it. Lists of the stolen bonds have been
forwarded to all bankers in this coun-
try and to many in foreign countries
and the aid Of the American Bankers
association was secured to assist In dis
tributing these lists
or the $375000 par value of bonds
which We're stolen all but 100000
have been traced by the efforts of the
committee to the parties who originally
disposed of them Nearly all Of these
bonds are now In the hands Of innocent
parties who purchased them for value
and with possibly one or two excep.
tons, nothing can be recovered from
these parties by the bank. No trace
whatever has been found of the $100,
600 bonds, the coupons from which
though past due, have not been pre-.
scented for payment and the Inference
is reasonable that these bonds arr
either still in the hands of Walker o.
some Of his accomplices.
A great many clues to the where
abouts Of Walker have been investi
gated and when run down have proved
to be false. No expense has beef
spared in making a thorough investi
cation of everything that has devel
oped that might lead to the discover,
of Walker, or the missing securities
More than $4,000, all advanced b,
Philip Corbin, has been spent by thi
committee in its efforts to find Wake
and recover something of the stolel
bonds. There has been from the frs
the most earnest desire upon the par
of every one connected with the banl
to apprehend Walker and this commit
tee has labored night and day and al
most continuously for five months t
accomplish this result. 1 think it cal
be truthfully said that no criminal ha
ever been pursued more PERSISTENT,
and more earnestly and with less re
striction as to cost than has Wake
by this committee in its efforts to Sc
cure his arrest and locate the securi
ties which he stole.
No one regrets more than the com
Hnittee and the directors that the effort
to find Walker have been unspccessfu
but d great deal of this work that ha
been done is still counting. we are like
" at any time to get results from tn
circulars which have been so extensive
ly distributed and the officers and di
rectors with the assistance of the Pink
erton force will continue to be alei
and follow up any possible clue as t
Walkers whereabouts that may be re
ported"
The incorporators voted to discharg
the New York committee at its reques
and the officers and directors Will TAX
charge of whatever is done along thi
line in the future, as announced in Th
Courant.
The following statement was Issue
of the condition of the bank:
Semi Annual Statement, July /, 100
LIABILITIES.
Deposits .....,..........,.....S 80, 59f ,y60.i
Interest account .,.........., 80 1892!
Surplus fund ................ 6S,500.t
Profit and loss ACCOUNT. 31,64S.,
$6,721 800,
ASSETS.
Loans on real estate ...,... So, 404, 1854
Loans on stocks and bonds. 2S2, 1856
foans on personal security 1885,
loans to towns and cites. 2500O,0