The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-07-15
HE LIVED VERY HIGH
AND AS HE WAS A CASHIER
Tho Funds of the Hank sunk Very Low In
supplying Ills Necessities, and now he Is
Living in Canada-A st. Louis
Savings Bank the Sufferer,

ST. LOUIS, July l4.-Ths Provident
Savings Bank closed It's doors to-day and
has made an assignment, Almond B
Thompson, the cashier, has abscopded
The liabilities Oxcesd the assets by SlO,-
900, Thompson is a graduate OF Harvard
College, and since he has held his respoR,
sibls position in this city has been re-
gardel as man Of sterling integrity. He
Ia President Of the Harvard Club, OF this
city, and Of the Light Cavalry, and q
prominent knight Tsmplsr. He an
uounced bis intention, the latter part oI
last week Of accompanying the Light
Cavalry to the State Eacampment at
Sweet Springs, and it was generally sup
posed that he was there, Adviees irnlp
that point, however, state that he has
never been near the camp, and it is sup.
posed that he has Joined the army Of
defaulters in Canada,
No other cause for his deialCation can
be assigned other than fast living, for he
has never been known to speculate.
Ex.Judge Adams, Of the firm OF Boyle,
Adams 4 McKeighan, filed with Judge
Lubke In chambers a petition for q le-
ceivsr for the bank for Charles Greedy a
heavy depositor,
PETITION FOR A RECEIVER,
The petition states that chashier Thomp'
son has not been at the bank since July
18th, aud they believe that ho does not
intend to return to his position; that a
partial examination Of his books shows
deficit Of over $4,000, and that they be-
lleve fuller examination will swell the
amount to Q much larger sum.
The President oil the bank, j. Gar
land has been absent from the city for
about six months and the cashier has jas.
sumed his duties as well as his own.
, The banks statement Of Yesterday Is as
follows: Assets, cash, $751; .0SS "a; real es-
tate, S02,5S0 10; stocks and bonds, $685..
050 90; balance with other banks, $685.
SOB 81 security accounts, $l0,770 0j; bills
receivable and accounts, S925,046 0S.
Total 81, COS, $50 80.
Liabilities. Current deposits, $685.
235 20; time deposits, S428 $40 II; cashier
checks, Sl050l 0B; unpaid dividends,
81, 1902 90; other indebtedness, $4,000 90.
Aggregate indebtedness, S9S5, ,7S2 AZ.
The Directors Of the bank state that
they will not be able to realize on their
apparent assets 10 their fall extent by a
large sum. The court granted the appli.
cation for q receiver and appointed W. H.
Thompson, Of the Commercial Bank, to
the position.
BANK THOUGHT SECURE.
No one imagined fora moment that the
bank was embarrassed, aud no run was
made upon it, The investigation has bsen
under way since Tuesday morning. At
noon to-day the directors decided to close
the doors. As soon as this action become
spread throughout the city large crowds
oil depositors Cougregated around the
bank anxious to know the nature OF the
embarrassment, and calling upon some
one to inform them. No one answered
the call, and the excitement increased un.
til it became necessary to call the police,
who are nov upon the scene to quell any
possible disturbance.
The largest number OF depositors are
clerks and poor men and women, go that
the failure will not effect to any great ex-
tent the commercial interests OF the city.