The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1873-09-18
Business Suspended Yesterday at
the sGerman Savings
Carl Noller the Cashier, Arrested
His Rail Fixed at $4,000
More Of His Operations Come to
Light.
A Rank Book Representing
$1,000 in Gold Recovered.
The Directors OF the Bank Ask
the Indulgence Of Their
Creditors Until . Thor.
ough Examination
Can be Made.
Anxiety in Business Circles

Anxiety in Business Circles
Yesterday morning. long before banking
hours. the payement in the vicinity OF the
Germsn Savings Bank vas thronsed With an
m excited a~sembl.ee Of individusls, all
anxious 10 know the exact ststistic Of A.
fairs within, and ready "a room rs the doom
we're opened to draw their deposits and
make themselves safe against loss. Bot
they were doomed to disappointmen, - far
- their participating in run on the bank
vas concerned. When the time for opening
the bank came one of the oficials appeared
and posted on the door the following notice:
"ro THE CREDITORS OF THE GERMAN
SAVINGS BANK:
"In consequence Of the heavy run made
on u Yesterday ne have exhausted our avail
able fund.-, snd will be compelled TO Close
the bank and examine the books until such
time ~ We can call 4 meeting Of the stock
holders, for the purpose Of levying an assess-
ment to liquidste all our iiabilities. In the
meantime we ask our creditors to be patient
with us, as We hereby assure them that every
dollar Of our liabilities shall be honorably
discharged.
[Sipnedl "SAM'L COCHRAN, Pres't.
"GEO. 4. SMITH, Director.
"GEO. UMNErHUN,
'.HExRY KREzDoRN,
IN. HOFFMAN,,
The appearance of this notice created con
siderable excitement. 1t vas known tba,
the Poard of Directors had been in session
nearly slI night, celebrating on what Wa
bes to be done, and this action Of theirs in
closing the bank was looked upon as indicating
that the loss sustained was greater than at
first reported. Little groups Of bushes.
men stood on every corner discussing the az
fair and its probable results Lsboring men
Who had their ''little alp deposited in the
bank euzed with blanched faces at the notice
and then turned sadly away.
Shortly before noon We were informed by
Mr.. Cochran. president Of the bank, that the
directors we're at work and that an adjust
ment would be made as soon as possible.t He
further informed Us that bank book repre-.
senting deposit In gold in one Of the banks
in Hamburg, Germany, had been discovered
done up in an old shirt in Moller's room.
This amount of money belonged to Ger,
man citizen Of this city and had
been left with t.le bank for cOllec.
ton, Several weeks ago Mr.. Cochran
inquired of the cashier in relation to the
collection of the account, and WAS given &c
understand that il took considerable time te
make the transfer and that it would be al
straight in few weeks. Ii seems that moth
ing had ever been done about it, and thai
Moller had the book in his 20 'session al
the time.
At ten o'clock the directors got out war
rant for the arrest of Moller, and shortly
afterwards he was taken in custody BY Officer
Spaulding and escorted 10 the Marshall
Office. His bail was fixed at $40. 900, ant
be then retired to consult with his attorney
Hon. Thom.s p Fenlon.
After the great "legal light" had left twt
representatives. of The TINES requested Al
interview, and were at once shown in.O tn
Office.
Mr.. Moller WAS found seated upon loung'
and suffering from . severe headache, tn
result of the worry and excitement Of the las
few DAYS. He cordially extended his ham
to the reporters, and then ensued the follow
ing conversation:
Reporter-''Mr MOlIer, We have calle'
upon you for the purpose Of getting you
statement of the defaIcation-thst is If yo'
are disposed to give it,"
Moller-"l have no particular objection
to give you q statement beyond the fact ths
am now under legal advisement and d
not ferl at liberty To talk Ia any one but M
attorney"
Reporter any injury to your
sell, could yon inform us a. to the financia
condition of the bank when you left it. Wa
il in q condition to stand 'run""
Moller-'In answer to that question vii
ny that the bills receivable would more thai
balance the deposits, and ace no reason VII
the business of the hank should be stopped
| II the directors had not been 40 utterly de
moralized the slight embarrassments of th
bank would have been recti6ed and no on
need to have known about it."
Reporter-'Then you believe that tn
affair might have been adjusted wlthou
giving it publicity"
81 most certainly do. II the president
assistant cashier had been defaulten in twic
the sum that an now involved, l coul
have fixed it in few hours, 40 that II voul
not have worked to the injury Of the bank.
Reporter-"There are rnmors aaoat tbs
your defalcations amount to more than twic
the sum originally reported. IL there an
truth in m?'
Moller-"I do not think that the los
the bank can lie over $4,000. OF that sur
1 have turned over Sl5. 600 in personal PROF
erty and real estate. The bank cannot 20.
sibly lose more than 5000 or 10000"
| Reporter But the directors have alroad
called meeting Of the stockholders, and in
tend 10 make an assessment. Can you ez
plain thal?'
Moller-'-In my opinion al assessmef
was not, or is not, nov necessary. The not
and securities which might have been calle
in, or money raised on them, would hav
more than paid the liabilities"
Reporter-"it 10 rather 4 delicate que
ton, but are the reports in relation to yor
fast living true?'
Moller-"I have not lived extravaganza,
Nv Indebtedness to the bank Vas occaeiooa
BY business speculations, and not BY fact an
riosous living
Reporter-"What is your opinion in rel
ton to the management of the bank. IL
in good ands and are the officers proper
qualified ?"
Moller-"Yes, think they are, but ths
have of late pot too much responsibility {
my shoulders. I was often Obliged to tran
su business that did not properly belong
: NE in my position"
Reporter-"Was the hank 1t al emba
rassed before your defalcstion vas disco
ered?''