The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1888-02-16
PLAIN DRALRR.
EVERYTHING IN THE LINE U
JOB WORK,
Bm.Hoads, Cards, Posters, CIR.
culars.
Sanstle0ea d neainess, Pruaptness l1l
Phes Guaranteed.
Ar01yD % A TRIAL BEFORE oRD11e
ING EI6EWHERE1A
HELD RESPONSIBLE.

President Mean, Of the Broken Metro-
politan National Bank OF CO cinnafi, Ar
rested ON . Charge of Misappropria ins
Funds Of tho Institution.
CINCINNATI, Feb 8.-Yesterday President
Means. of the suspended Metropolitan Ma
uonal Bank, was arrested on a charge Of
breaking the law in allowing loans to
be made to bank officers. There 10
much sympathy for Mr. Means
His position po officially and socially Is
in his favor He has ever been public
spirit d citizen and has devoted his ener-
ges freely and energeticaliy to the public
service He has held many offices of honor
He has been president OF the Duck
worth Democratic Club, and more
recently was president of the Ohio
Democratic Club He was one of the
founders and has always been an ardent
supporter Of the Queen City Club. high
grade social club As mayor of Cincinnati
he showed wisdom. and by his contact with
the masses In that capacity endeared him.
self to them In fact he Is almost univer-
sally popular
President Means was charged with mis-
appropriating $224, 600 OF tire banks funds
by loans to himself He was arraigned be-
fore United States Commissioner Dorger
and his bond placed at $2O.OOO Henry
Hanna, May Fecneimer, c. NJ Holloway and
p E. Roach signed the bond, after which
Nr Means was released
It is believed Cashier c. ". Edwards and
Directors E n. Roth and George K Duck
worth OF the Metropolitan Bank will be ar
rested Bank Examiner Sanders has pos
session OF the bank. which has only
about $4,000 in coin in the vault
TnI H.
assets President Means says that about IS
cents on the dollar will be paid He says
suspension would not have occurred but for
sensational reports OF an unreliable after
noon paper
The bank did not open yesterday morn
ing, . placard announcing that the bank
is in the hands of the Comptroller of the
Currency, acting through Mr. Sanders, the
United States National Bank Examiner
All connected with the bank say this would
not have happened il the Government had
not caused the arrest of the ex-vice-p -presi-
dent
The true inwardness OF the failure shows
az rotten condition Of affairs in the man.
agement of the Metropolitan as that char
acterzing the Fidelity Months ago, at the
time Bank Examiner Powell closed the
Fidelity, he was ordered to examine into
the affairs OF the Metropolitan. He did so,
making q hurried examination and pro-
nounced it all right.
The cashier states that there remains
about $500, 900 Of the 81, 800. 900 de-
post account It is thought depositors
will be paid in full, while stockholders
will be subjected 10 an assessessment OF 10 to
10 per cent on the par vaiue OF their hold
ing9 It Is developed that among
the directors there was o ring COM
posed of President Means. vice-President
Decamp, and Directors Gerkc, Duckworth
and Roth This quartette his invested in all
sorts Of wildcat schemes, and had loaned
the money, of the depositors to each other
in an extraordinary manner, without any
security being given Tie amount thus
loaned in these Investments alone will ex-
ceed $500. 600.
A dispatch from Washington says the
Comptroller of the Currency is now consid-
ering the question Of appointing receiver
to wind mp the affairs OF tue Metropolitan
National; that several names have already
been suggested to him in that connection,
and that an appointment will probably be
made In q few days