Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-10
A TREACHEROUs TELLER.
An Iodiauapolis Bank In Dire Difficulties
"A Shortage Of $50, 900 and Over Bank

1 "a SuVtt0BO VI VOOSOVV 00U OV0b- AS0HA
Shut Gr ai 13YtSesg Es9 d q
INDIANAPOLIS, April S.--Slnce the myster.
ious 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
last night, and the shortage, which at first
was supposed to be $4,000 was found to he
$4,000. The officers of the bank met In con,
sultation at o'clock this morning with their
attorney. and upon information OF the direc-
tors he advised the closing of the bank until a
further examination could be made to verify
the experts reports. Isl -
The records showing the accounts OF de-
positors was Investigated by Mr. 8. NJ. Tay-
lor, who has had no connection with the
bank, and he has found that large amounts
have been entered falsely, some OF the credi-
tors being charged with too much Overdraft,
while with others the amounts deposited were
too small. 1t was impossible to tell until all
accounts had been. audited whether or not
there was shortage, so that while the inves-
LEGATION has been going on, since Mueller left
the city, nothing definite could be learned UNI
til Mr.. Taylor finished his work last night.
When he reported the result of his investi-
CATION the directors met and decided that 1t
wonld be best for all interested to close at
nee, and In pursuance with that decision the
bank will remain shut until the stockholders
are ready to resume. Mr.. W1ldman and Mr..
Kennedy were very candid in their converse
ton, and the latter was sick at heart because
he had stated In the press that the shortage
was only $4,000. He feared that the public
might think that he attempted to mislead
them. This he had not done. He said that
he had gwen as nearly as he could the true
account OF the banks condition, and that
while it was not probable that that statement
would be disproven, still 1t was then to all
appearances, and to the best OF his knowledge
and belief correct.
None of the directors are acquainted with
the clerical forms of thanking, and being de.
pendent on the statement of their employees,
they had been made the victims of misplaced
confidence. They are not yet able to 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 $3.50, 900, and that the amount Of depe.
Poslts is abont s1o5, 600. He also said that
The amount of cash now on hand was nothing
like the amount that would be
required if there should be q
run on the bank. The assets, he however
said, were sufficient to protect the depository
and other creditors, and he was of the opinion
that all the accounts of the bank could be
cleared up within year from this. 1t is re-.
ported that the assets are very largely made
up of bills receivable and real estate. The
exact amount OF the shortage could not be
given, but the directors are confident it would
not exceed $S0, 600, and was, perhaps, not 80
much as that. Tho proper figures " II be an.
nounced so soon as they are pro-
cured, which will not be for several days.
There is no reckoning how long the bank
will remain shut, and it Is equally hard to tell
whether the present organization will ever
revive. Mr.. Kennedy said it would require at
least one year to properly dispose 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 60
little margin 1t Is very probable that the bank
will not survive the shock 1t received by the
of the missing teller.