New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-11
FOLD CONNECTICUT BANK
VICTIM Of ENBEZZLER
Stsmford's Savings institution
lscribes Loss Of S35.200 to
Senior Teller.
LOOKUP FOR MAJOR HOLLY
Saw He Was a Good Spender-
Statute of Limitations Bars
Punishment for More
than SLATED.
nv telegraph to The Tribune ]

c+,,nford Conn, April lo-AcColul"e
n information in the hands OF the io,''
authorities So. 200 was stolen during '"e
last ten or fifteen years from the Sla'''-
ford Savings Bank by Major Nl'lid"
u Holly. senior teller and trusted en-
Move of the bank Major Holly, ioi
NOR member of the brigadier genera 5
staff Of the National Guard and mem
her of an old Stamford family was al
rosie. Yesterday for the alleged emu
element Of Si4.729. which is the amount
that he could be punished for uhuer '"'
statute of limitations.
When he was arraigned in the 'i'H
Court to-day before Judge Young the
somewhat novel spectacle OF the Fupllc
Prosecution presenting a demurrer III ne
half Of the accused was presented
proeacutor Galen a Carter said he dld
this because Major Holly had no counseI
and no money with which to engage
counsel. The demurrer was oNerruied'
and the teller was bound over for trial
in the Superior Court
Late this afternoon Colonel charles
w Hendrie. q lifelong friend gave bail
for Major Holly and he was released
He went home to his mother. Mrs. Sarah
Holly, who is eighty-two years old, ana
explained that he had been called away
overnight. No one has said anything
about the affair To the mother, who
dotes on her son.
Major Holly offers no explanation OF
the alleged defalcat!on. He has been
employed by the bank since lSS9
Il admit nothing" he said in the
lookup to-day. II have nothing to say
except that the bank officials have been
kind TO me and that the bank is in no
danger"
There cdn be no doubt about the
banks safe condition. for IT is one of the
strongest in this part Of the state. y ;.
Iippitt. Bank Commissioner, informed
the Stamford public in a signed state
ment to-day that they should not feel
uneasy over the trouble.
THE bank cannot possibly lose over
$4,000" he said 1T has surplus of
over 100000. and can meet the I'M
fortunate matter easily
The trouble has caused no run on the
bank. which has made it known thai 1t
is able to meet any and all calls for de-
positors money.
Stamford people who have known
Major Holly say he has been what is
known as a good spender, and appeared
at times TO be living better than was
warranted by his salary, which during
the last year was $500 and for few
years previously was $1,000. There are
stories. too. that he Endorsed notes for
friends and had To meet the notes.
The officials of the bank, it was stated
to-day. were long aware that there was
a shortage in the banks accounts. and
employed a firm Of experts to go over
the books and find II. Holly was at
work in the bank yesterday as usual.
When the experts began work on the
books it was given out 10y the bank Off
Gals that the step was preparatory 10
the installing of a new bookkeeping SIS
TEN. following the appointment a short
time before of Howard :. BoEardus as
treasurer.
The president Of the bank is Charles
r. Loansbury. prominent business
man, and the vice president is Albert c.
Weed, retired merchant and large real
estate owner. The bank is one Of the
oldest in the state. It was established
In lSJl
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