The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-15
ANOTHER CASHIER OFF FOR CANADA.
A Savings Bank Closes Its Doors Because Of
Almond B. Thomson's Dishonesty.

ST. LOUIS, No., July 14.-The Provident Saw
iugs Bank closed its doors to-day and has made
an assignment Almond B. Thomson, the cash
Ter, has absconded. The liabilities exceed the as
sets by $40, 600. Thomson is a graduate of Har-
ward College, and since he has held his RESPONSE
bic position in this city has been regarded as
man of sterling integrity. He is president OF the
Harvard Club, of this city, and Of the Light
Cavalry, and prominent knight Tenplar. He
announced his intention. the latter part of last
week, of accompanying the Light Cavalry to the
State encampment at Sweet Springs; and it was
generally supposed that he was there. Adyices
from that point however, state that he has
never been near the camp. and it is supposed
that he has joined the army of defaulters in Can
ada No cause for his defalcation can be
assigned other than fast living for he has never
been known to speculate.
Ex.Judge Adams, OF the frm Of Boyle, Adams
& McKsighan. fled with Judge Lubke, in Cham
bers, petition for receiver for the bank for
Charles Greely, heavy depositor. The petition
states that Cashier Thompson has not been at
tho bank since July H. and they believe that he
does not intend to return to his positions that
partial examination Of the books shows deficit
fuller investigation will swell the amount to
much larger sum. The president of the bank,
j. s. Garland has been abeent from the city for
about six months and the cashier has assumed
his duties as well as his own.
The banks statement of yesterday is as fol-
lows Aezcts-Cash, e78, 986 "a; real estate, $92-
$50 49, stocks and bonds. s3S, ,050; balances with
qther banks. s23, SOB 81; security accounts $l0,-
total, 81, ,l68 S29. So Liablities-Cnrrent depos-
Ets $4S8 236 30; time deposits, $426 649 III cash
Ter checks, $40 594 SO; unpaid dividends, 81. .3O2
other Indebtedness. $5o00O aggregate indebted
ness, 1885, ,782. AZ
The directors of the bank state that they will
not be able to realize on their apparent assets to
their full extent by large sum. The court
granted the application for receiver. and ap-
pointed w. Il. Thompson of the Commercial
Bank, to that position. No one imagined for
moment that the bank was embarrassed. and no
run was made upon 1t. The investigation has
been under way since Tuesday morning, and at
noon to-day the directors decided to close the
banks doors As soon as news or this action be-
came spread throughout the city, a large crowd
of depoeitors copgregated around the bank, anx-
ious to know the nature of the embarrassment
and calling upon some one to inform them. No
one answered the call, and the excitement in
creased until it became necessary TO call the po-
lice, who are now upon the scene to quell any
possible disturbance. The largest number Of de-
bostors are clerks and poor men and women, so
that the failure will not affect, to any great ex-
The amount of Thompsons bond was $50, 900,
and it was signed by Carlos s. Greeley and the
cashiers father, who Is . wealthy retired liquor
Aealer. They are responsible, OF course for the
amount of the bond. which, together with the
apparent assets, more than equal the banks liza
bities.
Mr.. W. Fl. Thompson the receiver says tha,
the bank has been carefully managed. and few,
If any bad loans exist, and it is his opinion that
the depositors will be paid in full. The stock
holders however, have poorer chance of real
izing On their stock, and several of them state
that. rather than do so, they desire the amount
TO be turned into general fund to pay the de-
positors dollar for dollar The watchman of the
bank states that the cashier was at the bank
sate on Saturday night and early on Sunday
morning, and 1t Is supposed that it was then that
he fixed the books so as to delay exposure as
long as possible
Up to q late hour tonight no tidings had been
received of Thomson's whereabouts. His fami-
ly assert their ignorance on that point, and say
that his absence and the condition of the bank
are as much of surprise to them as to anybody
else. 1t has not transpired ret how many indi-
sidual accounts there are in the bank but as it
Is known that the depositors are generally poor
people, it is believed that the accounts are quite
numerous, and that the suspension will cause
widespread loss and much distress among a class
of very worthy persons. The receiver appointed
By the court is W. II. Thompson, of the Bank
OF Commerce. not the Commercial Bank, as
stated in previous dispatch. The bond of the
aefanlting cashier. which amounts to $50, 600,
will be made good on demand.