Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-12
Gives Real Amount OF Utah Ma
tionaI Robbery as
$106,0O0.0o.
DIRECTORS MET YESTERDAY
AFFAIR is Stlll In Hands of Pinkcrtons
And Remains as Great
Mystery as Ever.

The mysterious robbery at the Utah
National bank early in January re-
mains as much mystery as ever. Sew
eral new facts In the case, however
were brought out yesterday on the re-
turn to this city OF Hon. James Chip
man, one of the board of directors Of
the institution.
A melting Of the board OF directors
was held yesterday morning; after be-
ing IN session for some time an adj
journment was taken and the board re-
assembled at o'clock in the afternoon.
when 1t was again in session until 6
O'clock. During the day Mr.. Chapman
talked freely to his friends and assoc
clates in regard to the policy of
secrecy which had been preserved by
the bank officials regarding the real
amount of the robbery, and he repeat
ed his views in the meeting Of the
board He said he advocated the ut
most publicity in the matter and
thought that mistake had been made
I'm attempting to keep dark the true
amount Of the loss,
AUTHORIZED STATEMENT.
Mr., Chipman's authorized statement
is as follows:
"The amount OF money stolen from
the Utah National bank was $4,000
II have been officially notified as a.
director Of the bank by its cashier that
this was the sum stolen from the re-
serve chest.
"'rhe comptroller OF the currency at
Washington has furnished me. in COM
mon with the other directors of the
bank. a report based upon the examina-
ton Of the Institution a few days ago
by the nationRi bank examiner for this
state, which informs MS that $l06. 900
was stolen from the bank and that 1t
has been put back.
THE comptroller also asked for d
complete report of the progress of the
Investigation Of the theft up to date"
ACTUAL AMOUNT s1O6, $50
During the meetings of the board of
directors, President w. S. Mccormick
stated that the course of action fol-
lowed thus far had been at the sugges-
tion of the Pinkerton officials. who had
had the entire matter In charge. This
was the reason that the amount of the
loss had been given to the press as
s4s,0 Geo Technically this was correct,
as that is the amount which the bank
itself lost and which had been made
good out of it's surplus account The
actual amount secured by the thieves,
however. is $l06.250. OF this sum
President Mccormick Immediately paid
into the bank $50 600 and Jos. Nielsen
Chen ashier, now vice president) F.,
paid S13,25o. The remainder, s43,-
Geo, was deducted as above stated
from the banks surplus. This Is
shown by comparing the two latest
published statements of the bank the
one printed Dec. last, gives the sur
plus and undivided profits as $50 00ni
The statement printed In February
shows a surplus fund of $4,000 and
undivided profits, S1,25i.05. The
charging of S43 600 to the Surplus and
undivided profits was approved by all
the board ana Is coincided in by Mr..
Chapman. As the overwhelming ma
jrrity of the stock is held by the mem
bers of the hoard, no fault is apt
to be found with this action, and, of
course. IL the money is recovered, 1t
VIII be paid back to the surplus fund
To Prest. Mccormick and TO Vice Prest.
Nelson,
An evidence OF the confidence which
Che public and the deposIjors nave in
the bank officials Is shown by the
fact that in spite OF the agitation of
which the institution mas Deen tho
center, its business is moving along
without Interruption, and few or no
accounts have been withdrawn The
banks deposits have shrunk only in
about the same proportion shat those
of other banking Institutions have
since the recent financial furry.
MIR. MCCORMICK RETTCENT.
Mr.. Mccormick, as far as the public
Is concerned, still maintains an atti-
tude OF reticence, ana VIII authorize
no statement whatever as long as the
matter is in the hands or the 17inlter-
ton officials II Is known that most
OF the members of the board are taxi
ing the keenest interest In pursuing
the Investigation aud some OF them
have detectives of their own at work
following various clews.
The fun board OF the institution Is
as follows; w. $, McCorn;cn. presi-
dent; Thomas X. Cutler, first vice
president; Joseph Nelson, secoud vice
president; w. +. Adams. Capt Nc
Nichie, John Henry Smith, James
CEipnan. o. 7. Miller. j. w. w. tHtz-
gerald, Rodney T, Badger, and j. T..
Gardner.