Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-09-15

Yesterday morning the business men of
Minneapolis were startled W it'll the an.
nouncement that w. w. Keen, assistant
cashier of the Northwestern National bank,
was defaulter to the extent Of $125,00O.
Mr.. s. E. heller, the head cashier, being in
Europe for his health, the business of the
bank had been conducted by Mr.. Keen, and
as the bank officials placed great con-
fdence in his honesty and integrity
all the cash passed through his hands. All
went we'll until Friday morning, when a
United States bank examiner, named Joseph
Jockey, suddenly walked into the bank and
asked to be allowed the privilege of examin-
ing into the financial condition of
the institution. Mr.. Keen gave him
every facility for doing his duty, and the
work progressed finely. The books were all
right and everything appeared perfectly
straight. The money was then counted
carefully, and finally Mr.. Jockey turned to
Mr.. Keen with the remark, "Your cash is
short" Then Mr.. X. knew he was doomed
man. Seeing that there was no escape he
confessed that
HE WAS DEFAULTER.
Hon. H. T. Wells, president OF the bank,
was notified and Mr.. Keen called upon Mr..
Wells to make more complete his confession
of the great crime he had committed.
1t was soon ascertained that the shortage
amounted to the snug little sum of $685.
600, beside some $4,000 that can be recov-
cred.
The directors Immediately took charge of
affairs, and placed Mr.. E. FL. Moulton, of
the Farmers and Mechanics Savings bank,
in charge.
Mr.. Keen confessed that his shortage
arises from losses sustained while dealing in
wheat options through the commission house
of w. S. Judd & Co.
This firm claim that they supposed Mr..
Keen was dealing with the money of some
capitalist in the city, and had no idea that
the funds came from the bank, although they
seem to have been aware that he was an IN
usually extensive loser.
KEEN WAS ARRESTED
yesterday after being allowed to remain at
home during the night. MIR. Keen OK
pressed perfect willingness to face the
law and meet the full penalty. Chief Mum
ger arrested Mr.. X. upon warrant sworn
out by Mr.. Wells, president of the bank.
Being taken to the municipal court he was
given the private room at the right of the
stand.
Judge Cooley opened court, and Mr.. Keen
waived the reading Of the complaint, and
was then bound over in the sum of S., 900 to
await trial at the next term of the district
court, which meets in November. He sat in
the Office all day waiting for bondsmen that
didn't come, and early in the evening was
conducted to the county Jail.
The penalty for the crime is at most i'm
prisonment for not more than seven years.
Mr.. Keen will not he interviewed, but says
he has made full confession of facts to Mr..
Wells and others.
AT THE BANK -
yesterday there was little stir and no con.
fusion. Knots of men gathered aroun1
the institution during the early part
of the day to discuss the situation, but late,
in the day nothing ost of the usual order
was obserevd. No bank in the city is better
prepared to meet such defalcation and the
stockholders will be assessed to make up the
discrepancy in the accounts. About
twenty-five per cent. will be the assessment
and as the stockholders are so widely spread
the loss will be but slightly felt in any To-
cality.