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NATIONAL BANK CLOSED. Defalcations by Teller Fitcham Lead to Receivership. The First National Bank, of Ballston Spa, N. Y., was closed today by a vote of the board of directors upon the discovery of a defalcation by the teller, Charles E. Fitcham, amounting to $100,000. Examiner E. J. Graham was present in the bank at the tim: its doors were closed and has been appointed by the Comptroller of the Currency temporary receiver, pending a further investigation.
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MANY THOUSANDS SHORT. The Teller Got the Money and the Bank Is Closed. Ballston, N. Y., Dec. 3.--The First National bank of this place was closed today pending investigation by the national bank examiner. It is stated that the closing of the bank followed the discovery of irregularities of accounts of the teller, Charles E. Fitchan, whose defalcations run through several years with a reported shortage of $600,000.
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A Temporary Receiver Appointed. Washington, Dec. 3.-Examiner B. J. Graham has been appointed by the Controller of the Currency temporary receiver of the First National Bank of Ballston, N. Y., pending a further investigation
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A SUMMARY OFTHENEWS. Today's Weather: Cloudy; light to fresh southeasterly winds. DOMESTIC. On account of a $100,000 defalcation of the teller. the First National bank of Ballston Spa, N. Y., suspended. The defense in the Bonine murder trial at Washington showed that the deceased, Ayres, did possess a revolver. The National Live Stock association met at Chicago. Snow fell in Kansas.
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A $100,000 DEFALCATION. Balston Spa National Bank Closes Its Doors. The Comptroller of the Currency yesterday announced that the First National Bank of Balston Spa, N. Y., was closed by vote of the board of directors on the discovery of a defalcation by the teller, Charles E. Fitcham, amounting to $100,000. Examiner E. J. Graham was present in the bank at the time its doors were closed and has been appointed temporary receiver pending a further investigation. The following is a statement of the condition of the bank as shown by its report for September 30, 1901: Liabilities: Capital, $100,000; surplus and undivided profits, $142,594.65; circulation, $100,000; due to national banks, $1,335.34; individual deposits, $656,868.72; total, $1,000,798.71. Resources: Loans, $578,823.05; United States bonds to secure circulation, $100,000; stocks, securities, etc., $160,000; banking house. $3,000; due from banks and bankers, $104,950.42; cash and other items, $49,025.24; 5 per cent redemption fund, $5,000; total, $1,000,798.71. Advices from Balston further state that the shortage was discovered Monday afternoon and an examination of the books showed that the theft had been going on for many years. Fitcham has been teller of the bank twenty-five years and was considered an upright man. A warrant charging him with defalcation was issued yesterday by United States Commissioner Davidson, of Saratoga Springs. An investigation will be made and it is thought that the bank will meet all obligations and resume business. The late ex-Congressman George West was president of the bank for many years. J. S. Lamoreux is the new president. United States Examiners Van Vraken and Graham are now in charge of the bank. It is not known what the defaulting teller did with the money, as he led an apparently exemplary life. Fitcham has been connected with the bank for thirty years and never took a vacation. He is about sixty years old and has a wife and daughter. The bank has a capital of $100,000 and a surplus of $225,000.
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NATIONAL BANK CLOSES. A Shortage of $100,000 Discovered. Teller Ficham Under Arrest. (By the Associated Press.) Ballston, N. Y., Dec. 3.-The First National Bank of this place was closed today pending an investigation by a national bank examiner. It is stated that the closing of the bank's doors followed the discovery of irregularities in the accounts of the teller, Charles E. Fitcham, Judge J. S. Lamoreaux succeeded the late George West as president early in October this year, and H. J. Donaldson succeeded to the vice presidency. The new executive officers began at once a thorough investigation of the bank's affairs and they discovered indications of a defalcation on the part of Teller Fitcham. The investigation was pursued until it was seen that the defalcation had begun many years ago and attained large figures. Bank Examiners Graham and VanVranken were sent for and yesterday began a thorough examination. At the close of banking hours they reported a shortage of one hundred thousand dollars. The directors then decided to close the bank pending an investigation and a warrant for Fitcham's arrest was issued. Fitcham was bonded to the amount of $10,000. He has a wife and one daughter. President Lamoreaux said the examination shows the teller alone is responsible. Mr. Lamoreaux added that it is not thought possible that any loss can come to depositors or certificate holders, as the bank has a surplus of $100,000, which it is hoped will nearly or quite meet the deficit and leave the bank's capital of $100,000 unimpaired. Fitcham is ill at his residence, where he is under arrest and guarded by two officers. E. J. Graham has been appointed temporary receiver.
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Ballston Spa, N. Y., Nec. 4.-The First national bank of this place was closed Tuesday, pending an investigation by a national bank examiner. It is stated that the closing of the bank's doors followed the discovery of irregularities in the accounts of the teller, Charles E. Fitcham. The bank began business in 1865. Judge J. S. Lamoreaux succeeded the late George West as president early in October in this year, and H. J. Donaldson succeeded to the vice-presidency. The new executive officers began at once a thorough investigation of the bank's affairs and discovered indications of a defalcation on the part of Teller Fitcham. The investigation was pursued until it was seen that the defalcation had begun many years ago and attained large figures. Bank Examiners Graham and Van Vranken were sent for and, on Monday, began a thorough examination. At the close of banking hours they reported a shortage of $100,000. The directors then decided to close the bank pending an investigation and a warrant for Fitcham's arrest was issued. Fitcham was bonded to the amount of $1,000. He has a wife and one daughter. President Lamoreaux said that it was not possible to determine the amount of Fitcham's defalcation without an inspection of the outstanding certificates of deposit and depositors' pass books. The examination, he said, shows the teller alone is responsible. Mr. Lamoreaux added that it is not thought possible that any loss can come to depositors or certificate holders, as the bank has n surplus of $100,000, which it is hoped will nearly or quite meet the deficit and leave the bank's capital of $100,000 unimpaired. An examination of the bank by Examiner Van Vranken last August failed to disclose any irregularity in the accounts. Examiner E. J. Graham has been appointed by the comptroller of the currency temporary receiver, pending a further investigation.
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The First National Bank of Ballston Spa, N. Y., Closed Pending Investigation. TELLER FITCHAM'S ACCOUNTS SHORT. Examination of the Books Show a Probable Discrepancy of $100,000, Begun Many Years Ago, and Which Had Escaped the Vigilance of the Bank Examiners. Ballston Spa, N. Y., Nec. 4.-The First national bank of this place was closed Tuesday, pending an investigation by a national bank examiner. It is stated that the closing of the bank's doors followed the discovery of irregularities in the accounts of the teller, Charles E. Fitcham. The bank began business in 1865. Judge J. S. Lamoreaux succeeded the late George West as president early in October in this year, and H. J. Donaldson succeeded to the vice-presidency. The new executive officers began at once a thorough investigation of the bank's affairs and discovered indications of a defalcation on the part of Teller Fitcham. The investigation was pursued until it was seen that the defalcation had begun many years ago and attained large figures. Bank Examiners Graham and Van Vranken were sent for and, on Monday, began a thorough examination. At the close of banking hours they reported a shortage of $100,000. The directors then decided to close the bank pending an investigation and a warrant for Fitcham's arrest was issued. Fitcham was bonded to the amount of $1,000. He has a wife and one daughter. President Lamoreaux said that it was not possible to determine the amount of Fitcham's defalcation without an inspection of the outstanding certificates of deposit and depositors' pass books. The examination, he said, shows the teller alone is responsible. Mr. Lamoreaux added that it is not thought possible that any loss can come to depositors or certificate holders, as the bank has a surplus of $100,000, which it.is hoped will nearly or quite meet the deficit and leave the bank's capital of $100,000 unimpaired. An examination of the bank by Examiner Van Vranken last August failed to disclose any irregularity in the accounts. Examiner E. J. Graham has been appointed by the comptroller of the currency temporary receiver, pending a further investigation.
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The First National bank of Ballston, Spa, N. Y., was closed Tuesday and a temporary receiver appointed in consequence of the discovery of a defalcation amounting to $100,000. The teller, Charles E. Fitcham, is under arrest.
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BANK TELLER IS SHORT. The First National Bank of Ballston Spa, N. Y., Closed Pending Investigation. TELLER FITCHAM'S ACCOUNTS SHORT. Examination of the Books Show . Probable Discrepancy of $100,000, Begun Many Years Ago, and Which Had Escaped the Vigilance of the Bank Examiners. Ballston Spa, N. Y., Nec. 4.-The First national bank of this place was closed Tuesday, pending an investigation by a national bank examiner. It is stated that the closing of the bank's doors followed the discovery of irregularities in the accounts of the teller, Charles E. Fitcham. The bank began business in 1865. Judge J. S. Lamoreaux succeeded the late George West as president early in October in this year, and H. J. Donaldson succeeded to the vice-presidency. The new executive officers began at once a thorough investigation of the bank's affairs and discovered indications of a defalcation on the part of Teller Fitcham. The investigation was pursued until it was seen that the defalcation had begun many years ago and attained large figures. Bank Examiners Graham and Van Vranken were sent for and, on Monday, began a thorough examination. At the close of banking hours they reported a shortage of $100,000. The directors then decided to close the bank pending an investigation and a warrant for Fitcham's arrest was issued. Fitcham was bonded to the amount of $1,000. He has a wife and one daughter. President Lamoreaux said that it was not possible to determine the amount of Fitcham's defalcation without an inspection of the outstanding certificates of deposit and depositors' pass books. The examination, he said, shows the teller alone is responsible. Mr. Lamoreaux added that it is not thought possible that any loss can come to depositors or certificate holders, as the bank has a surplus of $100,000, which it is hoped will nearly or quite meet the deficit and leave the bank's capital of $100,000 unimpaired. An examination of the bank by Examiner Van Vranken last August failed to disclose any irregularity in the accounts. Examiner E. J. Graham has been appointed by the comptroller of the currency temporary receiver, pending a further investigation.
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Friday. United States marines are being withdrawn from shore duty at Panama aud Colon. Owing to an alleged defalcation of about $100,000 by Charles E. Fitcham, a teller, the First National bank of Ballston Spa, N. Y., was closed. Coasting on icy rails, a trolley car shot into the Hudson at Poughkeepsie. D. Baruth, a traveling salesman of New York city, was drowned. Charles Brown, one of the slayers of Washington Hunter, made a desperate dash for freedom an hour before he was hanged in the jail yard at Mount Holly, N. J. The British torpedo boat destroyer Talmon came into collision with a cross channel steamer and was run ashore, the crew being saved. A special cable dispatch from London says that action has been taken by a former owner of Skibo castle to recover the property from Mr. Carnegie.
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Rallston Bank to Resume. WASHINGTON, Dec. 18.-The comptroller of the currency has authorized the recently suspended First National bank of Ballston Spa, N. Y., to resume business tomorrow. This action was taken upon information that the capital of the bank was unimpaired and the bank was otherwise safe.
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Ballston Bank Officials. Ballston, N. Y., Dec. 17.-Judge Jesse S. Lamoreaux and Harvey J. Donaldson, respectively president and vice president of the suspended First National bank of Ballston, have gone to Washington to consult with the comptroller of the currency concerning the reopening of the bank. The total of Teller Fitcham's embezzlement is exactly $115,258.95.
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Ballston Bank to Resume Business. Washington. Dec. 18.-The comptroller of the currency has authorized the recently suspended First National bank of Ballston Spa. N. Y.. to resume business tomorrow. This action was taken upon information that the capital of the bank was unimpaired and the bank was otherwise safe.
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Hallston Bank to Resume. WASHINGTON, Dec. 18.-The compfroller of the currency has authorised the recently suspended First National bank of Ballston Spa, N. Y., to resume business tomorrow. This action was taken upon information that the capital of the bank was unimpaired and the bank was otherwise safe,
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NEWS IN OUTLINE. The senate has confirmed A. O. Marsh as pension agent at Indianapolis. As a result of the intense cold and blizzard stockmen of Oklahoma figure a 10 per cent. loss in cattle. Three degrees below zero is the lowest temperature recorded by the official thermometers in Kansas yesterday. Thomas Gibbin, a farmer near Ashley, O. T., committed suicide at Augusta by shooting. He was formerly mayor of Iuka, Kan. Cherokee Indians are reported starving in the hills near Tahlequah in the Going Snake district, O. T. The grand jury at Omaha has voted true bills against 148 business men and others for keeping and maintaining "gambling devices." A. S. Kirgan, residing near Amelia, O., was found frozen to death within forty feet of his home. The First National Bank. of Ballston, N. Y., has resumed business after a suspension of sixteen days. Mr. and Mrs. Rudyard Kipling are to sail for South Africa Dec. 21. A dispatch from Cairo says Cecil Rhodes has suffered from a heat stroke. The Colonial Brewing company of New York has made an assignment for the benefit of creditors. The Massachusetts memorial tablet erected on the site of the old prison at Andersonville, Ga., has been dedicated. The Atlantic Rubber Shoe company, capital $10,000,000, has been incorporated at Trenton, N. J. A stranger was found frozen to death on a strawstack near Decatur, Ala.
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BALLSTON BANK RESUMES BUSINESS. SIXTEEN DAYS FOR ADJUSTMENT OF $115,000 DEFALCATION BREAKS BANKING BUREAU RECORD. Ballston, N. Y., Dec. -The First National Bank resumed business to-day, after a suspension of sixteen days. with the place of Charles E. Fitcham, the defaulting teller, filled. Cashier Medbery appeared in the place of Vice-President Donaldson, and Robert M. Medbery, a bookkeeper. acted as assistant. In the first two hours $60,000 was deposited and $2,000 withdrawn. There was no excitement. Bank Examiner Graham said the case breaks the record of the banking bureau in the short term of adjustment. The defalcation was more than $115.000, and more than fifteen hundred depositors' accounts were examined. Fitcham. who is charged with misappropriating national bank funds and is held in $20,000 to await the action of the Federal grand jury, which will meet in Albany in February, furnished ball this afternoon. His bondsmen are George A. Hubbard and Henry Wollard. of Albany, and Allen Lindsay, of Troy. Fitcham is reported to be seriously indisposed at his home in Ballston 3pa.
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Ballston Bank Reopens. Ballston. N. Y., Dec. 20.-The First National bank has resumed business after suspension for sixteen days, with the teller's vacancy filled. Cashier Medbery appeared in the place of Vice President Donaldson. and Bookkeeper Robert M. Medbery acted as assistant. In the first two hours $60,000 was deposited and $2,000 withdrawn.
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Will Resume Business. Washington, Dec. 18.-The comptroller of the currency has author. ized the "recently suspended First National bank of Ballston Spa, N. Y., to resume business on the 19th inst This action was taken upon informa. tion that the capital of the bank was unimpaired and the bank was other. wise safe.