Daily press. [volume] (Newport News, Va.) 1896-current, 1910-07-26
fRy Assoclaren Presr.l


NEW YORK, July 25.-Such is the
general alarm sent out by the police
today. for the missing cashier OF the
Russo-Chinese Bank, although. oddly
enough. the district attorneys Of
flee said tonight that no aid had
been asked OF Il by the bank and
that no application for warrant had
been filed.
But this contradiction is only one IN
series that have kept step with
every development of what Is now ad
mitted to ta at once the most puzzling
and the most serious defalcation IN
The history OF Wall street since
Cornelius Alvord stole 100000 from
the First National Bank. served a
term in Sing Sing and then retired
TO the seclusion OF a princely country
place.
Amount Grows Larger.
When the Russo-Chinese bank made
public the fact that It's strong boz
was short. the amount was given as
$50. 900, all in negotiable bonds, q liss
of which was furnished. This after
room the amount suddenly jumped to
$500 600, of which the additional
$500 coo is said TO be in stocks partly
owned by the bank and partly by it,
customers.
No positive statement has been
made yet as to where these stock GER
tifcates now are or with what intent
they we're stoIen-whether it was
Widor's intention to hypothecate them
with brokers' as collateral for stock
speculation. or TO realize on them
and plan" the proceeds. -
Outside Accomplish.
Inspector Markowski. now in charge
OF the New York branch OF the bank
says he is convinced that Wider had
an outside aceompiice.
When Wider entered our employ,
he explained tonight, he was a
modest. exemplary clerk Within the
past year feel sure thai some man
oi strong personality has gained con-
troll Of him and changed mis- whole
personality. | am satisfied that Wider
did not steal of his own yolitioD or on
his own initiative"
II is perhaps with a hope OF laying
ands on the power who shaped the
cashier to his own ends that the bank
has dealt so deIlcately with Wider
His counsel and neigh5or. L. R. Gins
Der. as said from the first that the bank
was in touch with Wider and even
tonight. after the general alarm h2d
been sent ont. Mr.. Ginsberg reitarzt-
ed: They know where he IS Just as
well as J do"
Bed Faith Of Bank
Girsberg was quick TO supplement
this statement with two qualifications.
First. he wished IL understood that in
his attempt to arrive at an under
standing with the bsak, he is not ny
ing TO compound a felony, and second
ae charges bad faith on the part OF
he bank
1T was intended 70 have nay client
cone forward at The proper tine.
said the attorney. TO take his medi-
zine: but Wider objected to being
l8eked I'D in the Tombs this hon
weather. when he might be unable 70
get bail. That was his only reason
Ter keeping ont Of The way
The second counf. Gi1sberg spoke
with emphasis
There was q gcnlfemen's agree
ment that the loss Of the securities
was not 70 be made public az this
time he declared The Plan was
20 restore them without loss to he
hsnk in the fan. but instead q car
wing out The agreement. the roiicc
Rad been put on fhs case and ] have
been logged By detectives.
Il want 70 say that Il was not m
-pecior Markowskf xbo discovered
.ts loss. he knew nothing o. u. nor
"a any one a. the bank, unrl ~
riient confessed.
Knows Where 9onss Are
u was knc~n Yesterday tozf a.
frn-.t~...s - r-...-<> r.~o1