Evening Republican, Volume 20, Number 81, Rensselaer, Jasper County, 4 April 1916 — ERROR OF $395,604 IS CAUSE OF BRIEF REVEL [ARTICLE]

ERROR OF $395,604 IS CAUSE OF BRIEF REVEL

Nephew of Crawford Fairbanks Gets Lump of Wealth Instead of $396 For Quarterly Allowance. Harry Montaignier, who lives in Terre Haute, and is a nephew of Crawtford Fairbanks, and is also a noted mountain climber, Was unusually joyful a short time recently when a bank error of $395,604 made him wealthy, for before he had only received a quarterly allowance of $396. But his joy was only brief, for it is hardly necessary to say that the bank discovered the error and waS not at all backward in letting Mr. Montaignier know about it. Montaignier, who has a world wide reputation as a mountain climber, had some investments in Terre Haute that realized him $396 quarterly. This money had been transferred by cable since the war began through a New York bank to his credit in Switzerland. When the last quarterly remittance was cabled by the bank, $396,000 was sent by error instead of $396. Upon receiving the money, Montaignier cabled a long and expensive cablegram extending profuse thanks for the generous and unexpected gift. Of course the bank notified him and the real status of affairs became known to him. Stories of Montaignier’s expenditures have been greatly exaggerated. The only sign of -extravagance known is that he made a gift of $1,500 to an impoverished artist friend.