Article Text
SHORTAGE AT SEDAN. Now Ascertained That Mr. Stollard Took $17,700. Sedan, Kan., Sept. 22.-The books of the People's National bank of this city reveal a shortage of $17,700, after an examination conducted over two days by James T. Bradley, national bank examiner. The belief that no shortage existed was dissipated upon the receipt of a telegram from the New York correspondent which shows that the balance of the bank at that point had been reduced from $10,900 to $1,900. Other losses discovered upon a more detailed examination of the bank's accounts increased the amount of the shortage to $17,700. Notes valued at $2,700 are missing, and in addition to this there is $5,000 in securities and safe deposit accounts unaccounted for. The bank stands to lose about $7,700 as Mrs. O. D. Stollard, wife of the absconding cashier, has turned over property valued at $10,000 to the receiver. The property consists of the family home at the edge of the town and live stock and farm produce. The shortage will not amount to $25,000, that is a wild guess," said Receiver Bradley. "The shortage amounts to about $17,000. The bank will have to lose about $7,000 of this but the loss will be made up by the stockholders of the bank and I think it win be able to resume business again. The books show that $10,900 was on deposit at New York but a telegram which I received from there shows but $1,900 credited to the account of the bank. Where this account has gone to I can't determine until I get a detailed statement from New York. The books of the bank have not been doctored, the items were simply left off the books. The peculations have been extending back a year and a half." Stollard has been trailed south of Bartlesville, I. T. A search party, who has been out after the missing man, returned last evening to Sedan from Bartlesville, where it had run across his trail. It followed the trail for a distance of five miles south of Bartlesville and then lost ed. it. Stollard is on foot. Some of his friends maintain that the man is dementNo information exists as to where the money taken from the bank was spent. Stollard lived quietly and the theories of speculation have all been traced down and seem to have no foundation.
