Word: denvers
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...small moment. But the Chase cashier did not hesitate, for only the day before the Chase bank had received from six other Manhattan banks instructions to hold for the Bank of Telluride credits amounting to $500,000. The six Manhattan banks, in turn, had received wires from their six Denver correspondents asking them to put the $500,000 to the Bank of Telluride's credit. So, since the Bank of Telluride was Chase's correspondent, and the man with the drafts was readily identified as Telluride's President Waggoner, his drafts to the extent of $495,000 were quickly honored...
...routine matter appeared this transaction until the six Manhattan banks advised their six Denver correspondents that their telegraphed orders had been executed. Promptly the six Denver correspondents informed the six Manhattan banks that they had sent no such telegrams, had ordered no credits for the Bank of Telluride...
What had happened evidently was that in Denver some person or persons unknown, having knowledge of the confidential code through which bankers transfer money, had written six coded wires, had fraudulently added the six Denver signatures. Banks customarily act upon these coded telegrams without checking back on them. Given a knowledge of the code and a willingness to misuse it, there was no great difficulty in working the $500,000 fraud. Sole precaution on the part of the defrauder was that the money should be collected before the trickery was discovered...
...banks and their respective contributions to the $500,000 credit were: Chemical National Bank (on order of the First National of Denver), First National (on order of Denver National) each $100,000; Guaranty Trust Co., Harriman Trust Co., National City Bank (on order?respectively?of U. S. National, American National, Colorado National) and Equitable Trust Co., each $75,000. * The three banks and the amounts he sent them were Hanover National of New York, $200,000; First National Bank of Pueblo, Col., $195,000; Continental Bank of Salt Lake City, Utah, $30,000. He also used...
Helen Bonfils, daughter of Publisher Frederick G. Bonfils of the Denver Post, was pictured and described in her father's newspaper. The description...