Bank cashier cites $85,000 Somersworth loss
Fred M. Varney, cashier of the First National Bank of Somersworth, says the bank shortage will be about $85,000 and likely not much more, while he is under bond awaiting action by the United States court.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 19, 1908
Page
12
Fred M. Varney, cashier of the First National Bank of Somersworth, says the bank shortage will be about $85,000 and likely not much more, while he is under bond awaiting action by the United States court.
Varney rejects circulating figures of a 125000 shortage and says the true deficit will be about 85000 after the books are examined. He notes no safety deposit boxes were touched and blames only himself for the losses from stock speculation while offering to help straighten the affair.
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Harold Moore a Exeter Academy student from Portland Oregon and Miss May Margaret Cullen of Swampscott ran away to Providence to wed. Both 19, their elopement followed a romance begun last summer at Nahant and met with initial disapproval from Cullen family. The couple returned to Swampscott where relatives await reconciliation.
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