Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-09
A TREACHEROUs TELLER.

An Indianapolis Bank in Dire Difficulties
"A Shortage of $4,000 and Over Bank
Shut.
INDIANAPOLIS, April S.-Since 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.
The records showing the accounts of de-
positors was investigated by Mr.. S. M. 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 oyerdraft,
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-
| tigation has been going on, since Mueller left
, the city, nothing definite could be learned I'M
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.. Wildman 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 given as nearly as he could the true
account of the banks condition, and that
while it was not probable that that statement IN,
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 banking, 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 $40, 900, and that the amount of depo-
posits is about $105, 1000. He also said that
| the amount of cash now on hand was nothing
required rssH 'Ds if AH there should be a
run on the bank. The assets, he however
said, were sufficient to protect the deposItors
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 1000, and was, perhaps, not so
much as that. Tho proper figures Will 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 so
little margin it is very probable that the bank
will not survive the shock it received by the
defaleation of the missing teller.