Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-04-10
BANK DEFAlcATION.
A Teller Mysterisusly Disappears with
e30.00O.

ISpIASAPoLIs, April S.-Since the mys-
terious disappearance of Arthur Mueller,
the teller of the Central Bank, of this city,
experts have been examining the books of
the bank. The examination was concluded
at late hour las; night, and the shortage,
which was at first supposed to be $500,
was found to be $4,000. The officers OF the
bank met in consultation at 10 o'clock this
morning, with their attorney, and
upon the information Of the direc-
tors, he advised the closing OF the
bank until further examination
could be made to verify,the experts report.
The record showing the accounts OF the de-
positions was investigated by Mr.. ID. NJ.
Taylor, who has had no connection with
the bank, and he has found that large
amounts have been entered falsely, some
of the creditors being charged with too
much over draft while with Others the
amounts deposited were too small. Ii was
impossible 10 say, until all the accounts
had been audited, whether or not there
was shortage. So that while the investiga-
ton has been going on, since Muller left
the city, nothing definite could be learned
until Mr.. Taylor furnished his work last
night.
When he reported the result OF hisinves-
tigation the Directors met and decided THAT
it wonld be best for all interested TO close
at once, and in pursuance Of that decision
the bank will remain shut until The sts1le,
holders are ready to resume, s<s.
Mr.. Wildman and Mr.. Kennedy were
very candid in their conversation, and the
the latter was sick at heart because he had
stated in the press that the shortage was
.lat I, h.. 4,
might think he attempted To mislead them.
This he had not done. He said that he
had given as nearly rs he could, the true
account Of the banks condition, and that
while il wasn't probable that the statement
would be disproven, still il was then, 10 all
appearance and TO the the best OF his
knowledge and belief, correct.
None Of the directors are acquainted with
the clerical forms OF banking, and being de.
pendent upon the statements OF their EN-.
ployes. they had been made the victims Of
misplaced confidence. They are not yet
able 10 tell their exact condition, but are
positive that none OF their depoSitors Will
suffer.
Mr.. Kennedy stated that the capital stock
of the bank is put at 100000, and that the
amount OF deposit is about SlOo.Ool lie
also said that the amount of cash now
would be required il there should be run
on the bank The assets. however, he said.
were sufficient to protect the dcpositors and
other creditors, and was Ot the opinion that
all the accounts OF the bank could be closed
within year.
The exact amount Of the shortage could
not be given. but the directors are confident
il would not exceed $4,000. and was, per
haps. not 80 much ms that. The proper
figures will hc announced as soon IL they
are procured, which will not be for several
DAYS.
There is no reckoning how long the bank
will remain shut, and il is equally hard To
tell whether the present organization will
ever resume. Mr. kenneday says IL would
require at least one year 10 properly dis
pose of the assets. This. no doubt, means
that it will require careful work to make
the assets meet the liabilities and as there
is apparently so little margin, 1t is very
probable that the bank will not survive the
shock il received by the defaulca,ion Of
it, missing teller.