New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-15
PRICE THREE CENTS.
ANOTHER CASHIER MISSING.
STEALING FUNDS OF A SAVINGS BANK.
THE PRESIDENT INSANE AND THE STOCKHOLDERS
ExCIIED ~ ST. LOUIS


TBr TELEGRAPH TO THE rRtsuyyl
ST. LOUIS, July lathe PrOvdent Savings
Bank OF the leading savings institutions OF the
city, collapsed at noon to-day and the petition for
receiver flied at the samo time announces that tho
cashier. A. b. Thompson, is an embezzsr rho
bank chiefly patronzed by people not in business.
and had 81 100000 on deposit when the crash came.
The cashier - fugitive TIC president James s. Gar.
land has been insane for the pas; six months Tho
poor depostors almost nsane and the evidence 90
far adduced tends to show that the management Will
rank with the rotenest that has ever been called TO
public attention.
The bank received posts until the pacard ann ounc-
lug the suspension was posted on the doors.
few minutes later Caos H. Greeley. promnens
stockholder appeared in tho Circuit Court and filed
petition for receiver II s directed against the Prov
iden Bank and the directors-James Garanh'
Amon b. Thomson, Thomas H. swain' Nu''en'
George Scott. Charles b. Greeley ana Char'es lie
Smith. The petition that the bank was reorgan'
lied January 81, 1884. with capital stock OK
100000 The charter provided for nine drectors bus
there only Mr. Greeley states that the Stock
holders widely scattered and small numbers OF
shares. In February. tho president James p "arAuu'
taken sick and compelled to abandon all acvo
share In the affairs Of the bank For six months he has
been absent from the city and has consequently given
attention to the business Of the bauk The active
daily manage ment has therefore devolved upon Almon
b. Thomson. and he has LARGELY assumed the duties OK
the president in addition to his duties as cashier. MI
Greeley alleges In bis petition that Mr.. Thomson mas
been relied upon by all the stockholders as faithful
honest efficient officer. On the morning Of Jdiy IL
he did appear at the bank although he had always
regular and prompt in his attendance He has not
appeared bank since, and Mr. Greeley alleges his
belief that Mr.. Thomson does not intend to appear
there any more and moreover his present hiding place
is unknown TO the directors OF the bank.
Mr. Greeley alleges that only o partial Investigation
books has discovered the fact that tho cashier
embezzed and fraduently appropriated to his own use
large OF money belonging to the bank In excess OF
$4,000. 1t possible that upon an examination Of tho
books Of the bank in detail. larger de hciency may DO
shown than the sum already discovered IL was there-
thought be necessary IN the interest OF all tho
creditors well tho stockholders to suspend the
daily operations Of the bank, and to close Its doors In
order tha committee OF experts may make thorough
Of tho books and ascertain the actual con.
dition OF the assets and liabilities as well a. tho
amount Of the emDezzlement Mr. Greeley states iur'
thcr that Charles b. Greeley. OF the directors Is
absent the city and does not intend TO return Tor
tune.
pointed receiver, and his bond was fixed at Sloooooo
The statement of assets and liabilities yesterday showed
the assets be $l6s s92 3d. liabiities-current de-
posits $isS,236 %; time deposits. Si,2oooio i'i
cashiers ,594 90; other indeo
IL Is alleged that assets Will Lot be hat the SUN
named The capital STOCK was S-OoooV ~ par
yesterday.
The discovery OF the dealcation was made on Monday
by Vice President Swain. Thomson is a man about
forty years OF age OF medium height, and lght com
pexlon. lie a mustache and fuli Deard.
aud his light blue eyes were set IN Tue
wrinkles Of an everpr"sent and conciiatory
smile. He man of polite address anu =
graduate Harvard College, HIS dispos Ton was QUO
OF light aabIity aud rather Inclined hlin 10 DC gay.
He was at thehexd OF the ivanhoc mounted coinanuefy
OF knights Iempar lie Was AN active member oi tue
Cavalry aud Tor two y-ar- hcd ne posi-
tion Oh president the body He Vas memDer OF ths
Young Mems Chr Association aud au arr patron Oh
prominence Iio married and lved III nne ihAn-
sion at the West End ,, 4, ,ss,
Mr. Thouisons connection with the Dahk pegah az
casgier IN 1869 ago the original CHARTER Oh
| the DanK expired and tue present company "as
Organized under the existing State law win cap o
900 and surplus Of $4,000 and "ith tie presens
oIncers The Board OF Directors we're upmas
H. SWAMI j. :. Garland, Carlos b. Greeley, A. b. lhon'
son w. l.. Guy. W. L. Mullen. George scott 1usIi"s
H. smith anu Benjamin :. Adams. lhe bans osl q
gre AZ ue AT money the last TWO years on rear css
loan. aLd through failure OF Ill. H. Pette- an ars
dealer and Ray inOnd Gre-g, diamond fncrchaht. .
Of disorder occurred Ia front oI lhc DenN
te nnnrs after lt closed. Tue working peop.r. who
were the prlncipa depOsltors, gshercd III iAISe
mrs some threatened. some cried aud others CURSED.
The f.ilnrr created run Otner savings banks nus
money WAS on hand aud was promptly paid ou 9 in9
casners bond Is $4,000, with Carlos B uIeeieS ""A
the cashiers father as surclles- -, .o... 70
Al TnousOns home was stated tnat ne hau eoo w
Sweet springs Mo-, but II was found thdt ths WAS
n,isl,ke and Nc is supposed to be IN Canada.