, 1879-04-27
THE GREENEBAUMS.
Theodore B. Weber's Examination Of
the German National Bank.
How That Institution Was MIXED
by the Family.
The Government Asked to Commence
Criminal Proceedings.

Iheodore Is. Weber to make an examination - 1u'
books Of the German National. Tint e1amlna'
! tion has been made, and the results were SEN
last week 10 air, Knox, the Comptroller. From
the report it anncars that Mr. Weber, together with
| Bank Examiner Washburn, examined the booKs'
| papers, and assets of the German National with
| the following result:
The individual liabilities arising ont Of the tile
| gal transactions OF Henry Greenehaum' ex-flesl'
dent OF the bank and due at the time OF the failure
| OF the bank, Dec. +, 1877, are put down al
$50, 325, consisting OF one note OF Henry Greene
baum for S2;1, $50, with comparatlvciy Vaiaeiess
collatcrals; another note Of SIS 600, with col
)aterala worth about 81, 900; call lonn by Sarah
Greencbaun, Hcnry's ssrer-in-law, with no col
laterals, for Sl3, 600; and oyerarafts OF Henry
Greeneoaum's private account, Dec. S, 1871, OF
S6 787. Dec. G. after the bank closed, Sl5 lSo was
charged as an overlraft to Henry Grccnebaum's q
private Account. The cash balance the day the
bank closed decreased to the amount OF that over
draft the day following, showing that nenry
Grecnebaum withdrew the amount after the oank
closed.
The liabilities Of Henry -pnd David S. Greene
baum. said to be fictitious firm not existing IN
fact, as bankers, are put down in Mr. Weber
report Us owing the bank at $40 o7S. One OF these
items. June 49, l674, is o call loan for $50, 0o0
not entered the call-loan register, but appear
e., with no collaterals Or Endorsement.
The liabilities Of Henry Gseenebaum 8 Co., OF
Ghicago' firm consisting Of FL Henry Greenebaum,
put down as SD. 0y3. The chief item ls draft OF
Thomas Iloyne W. .. Mac'ay, of New YORK, IL IN
0oo dated Nov. So 1877 It alleged In the report
that Henry Greenebaum appropriated the proceeds
OF this draft and deprived the BANK OF the only
canceling certan Endorsements Of Thomas Hoyne
aud John Herting. All the liabilities OF Henry
Grcenebanm & TO. were, it is alleged, incurred
after tue firm were
AWARE OF THEIR INSOLVENCY.,
and while the then acting Vice President Of the
German National was daily expecting The failure Of
the tirn as appears by the letter from him to the
cempt51'hSf h ahitas dated II Peg a9 1s Rro.
New York, firm consisting OF Henry David s.,
and Elias Grecnebanm, OF date Dec. 5. 1877.
charged that
ready insolvent, and declined to pay drafts
% arwn ~ on 1 1a 1
and the proceeds Appropriated by them, though
the drafts cond not possibly haye reached them
IT IL aeeea onpg o
lenty appropriated SIS. 600 Of the funds OF the
German National and Greenebaum Bros. g. Co..
TO Michael Greeuebaum, brother of Henry, and
agent for his wife, Sarah. therc was advanced on
his promissory notes, without col1atcrals, from
Sept. -, !otf, 10 NOV. -, 1871, Sf+ ooos
Ihe llabllltles o1 Isaac Gfceneoaum, brother OF
Henry. are So, 395. secured BY real estate worth
about Ss, 0oo.
The liabilities OF +. j. Frank, clerk OF Henry
Gfeeneoauln q Co., and nephew or Henry Greene
oaum, are 81 254. for three call loans. Frank was
alschared from all liabilities after the closlng Of
the bank IN February, 1878. al! these loans 1t
y alleged, were made for the benefit OF Henry
Greenebaum Frank being simply tool
The liabilities Of Abraham wise, former Cashier
OF the Gcrman Savings, anu brother. .in-'aw or
Henry dEcenebann, ore put down as u: 00o Sc
cutea oy 1eal cstate wostn ~ ooo. me u1fec1 H.
dc6Ieahess @ OF tne 6reeneoanm family Is footed up
at o-s'1, Nv .......
" IS aleged tnai tnere were certain transactions
OF q. Il. ward indirectly for the benefit OF Henry
Gfeenebaum. among Inc assets o. the bank are
notes " Hlm Amounting 10 ~, ouu, secured oy
h'yersiae real estate, when ls not worth enough
10 justly Inc heceFel III PAVING tne DacA taxes.
II ls cnafgeo tnat taesc notes were discounted
.yo,,as q, Franc,a Arnold amorna{1p.fo e4a aae
n,J bH sl sfa,o Wf;ch VIII nnT II tao,
cent ~ tGoir face ynIue. we're made -for fhn mr.
GSGs. n, se}linr them to the hanh wbiia Hnpmrv
Erernshanm WA fts President The han1. alsn hnids
,,anar a~ninrt II. T. Onabnn md r r: ca"1daid
he,np Ss1 (t)4 with real estate security wnrtn on
ahnnf 5l ner cent OF the face OF the n3ncr Thnsa
notes, It IN alleged. were tne nriyate nanar ~
Henry Greenebaum 4 Co.. and ghoyen or ~ tha1n
m the hank ~ AeA
Thera o1so annenrs annnp +he aaeata ~ +ho h,,,~
q ionn tn Il r. r bore On Snuth Pnr,~ nrora~t,
If ea9 sG9 The rcHi.estate secnritv m r h3
jau