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Assistant Cashier of Stoneham, Mass., Institution Arrested for Embezzlement e TRUSTED EMPLOYE P WAS PAID $18 A WEEK r Reported That Harry A. Jones, the Accused, Has Admitted His Guilt Boston, June 8.-Harry A. Jones of Stoneham, clerk and assistant cashier of the Stoneham National bank is under arrest in the federal building, charged with the embezzlement of about $41,000 of the cash of the bank. He is said to have admitted his guilt to officials of the bank who discovered the discrepancy in the accounts. He was arrested yesterday by United States Deputy Marshal Condon in the office of United States District Attorney Anderson, to which he had been brought from 01. Stoneham, following the closing of the doors by United States officials yesterday morning. 1 When arraigned before United States 1 Commissioner Hayes, Jones pleaded not I guilty and was held in $40,000 bonds for TWL a hearing Friday. Mr. Anderson appeared for the government. If Jones does not a obtain bail he will be sent to the jail in East Cambridge. e Jones is about forty-two years of age I and has a wife and three children in = Stoneham. The only explanation of the o defalcation offered by Jones, according to bank officials, is that his pay of $18 fl a week was inadequate to meet his living } expenses. He is said to have admitted 11 that his tampering with the accounts of S the bank began ten years or more ago. 1, The bank is closed and United States e bank examiners are in charge. No busS iness will be attempted until they have d made a report. e Fred E Nickerson, one of the directors 7 of the bank, acted as spokesman for the a officials. He said that of late the bank P had been running hard; the results were ca not what they should have been. There lo has been an increase in the business, but a not a corresponding increase in the results. Consequently, after the meeting re of the directors last Monday evening the si cashier, C. A. Bailey, Charles F. Black be and Mr. Nicherson, directors, made an tl examination of the books. In their a hasty survey they discovered enough to eg confirm their suspicion that all was not right with the bank. The accounts apez peared to have been juggled. And there J was a difference of almost $23,000 beex tween the individual cards and the balance sheet. sp W As a result of this investigation they consulted Jones Tuesday morning and 01 asked him about certain minor discrepth ancies, givinb him an hour and a half in to explain. When he did not make a sata isfactory explanation they asked him