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Charles E. Fitcham Under Arrest at Ballston, N. Y. DEFICIT ESTIMATED AT $100,000 His Pilfering Had Been Going on for Long Time. BANK'S DOORS CLOSED BALLSTON, N. Y., December 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. The bank began business in 1865. Judge J. S. Lamoreaux succeeded the late George West as president early in October of 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. Shortage of $100,000 Discovered. Bank Examiners Graham and Van Vranken were sent for and yesterday 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 $10,000. He has a wife and one daughter. President Lamoreaux said today that it was not possible to determine the amount of Fitcham's defalcation without an inspection of the oustanding 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. The Examiner in Charge. The First National Bank of Ballston Spa, N. Y., was colsed today by 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 time Its doors were closed and has been appointed by the controller of the currency temporary receiver, pending a further investigation.