Western appeal., 1888-02-11
s HELD RESPONSIBLE e.

President M4Ens, of The Broken Metrn-
pslitAn Nat o iii Hask IF Cincinnati, Ar
rested on y harge OF 11isappropria ing
Funds Of the Ias tuition.
CINCINNATI, Feb. g. Yesterday President
Means, of the suspended Metropolitan Ma
| ionai Bank. was arrested on 8 charge Of
breaking the law IN allowing loans to
be made to bank officers There is
much sympathy for Mr. Means
His position 20 itical y and socially is
In his favor. He has ever Iesn public
spirited citizen and has devoted his ener-
g.es freely and energetically to he public
service. He has held many offices Of honor.
He has been president OF the Duck
worth Democratic Club, and more
| recently was pres dent of the Ohio
Democratic Club He was one Of the
founders and has always been an ardent
supporter Of the Queen City Club. a high
grade social club As mayor of Cincinnati
he showed wis lonl, 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 1921 900 Of the banks funds
7 by loans to himself He was arraigned be-
fore United States Commissioner Dorger
and his bond placed at $4,000 Henry
Hs.nna, May Fecheimer, Q. IL Holloway and
| P. E Roach signed the bond after which
Mn Means was released
| It IS believed Cashier G. W. Edwards and
Directors E. N. Roth and George K Duck
worth OF the Metropolitan Bank viii be ar
rested Bank Examiner Sanders has pos
session of the bank, which has only
about $40, 600 In coin in the vault.
| The bank officials claim about 100000
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 ths 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-presl-
| dent
| The true inwardness Of the failure shows
as rotten condition OF affairs in the man
1.agament Of the metropolitan as that char
acter! !zing the Fidelity. Months ago at the
time Bank Examiner Powell closed the
| Fidelity, he was ordered to examine into
making a hurried examination and pro-
nounced 1t all right
The cashier states that there remains
| about $5O0,0OO of the 81, 100000 de-
posit account It is thought depositors
will be paid In full, while stockholders
| will be subjected to an assessessmento OF 10 to
Is per cent on the par value of their hold
tngs. 1t is developed that among
the directors there was ring COM
posed OF Pres dent Means, Vice-President
Decamp, and Directors Gerkc, Duokworth
and Roth. This quarrette has invested in all
| sorts of Wildcat schemes, and had loaned
the money OF the depos:tors to each other
In an extraordinary manner, without any
security being given The amount thus
loaned in these investments alone will ex.
ceed 5000, 600. = 5@
| A dispatch from Washington says the
lComptroller Of the Currency is now consld-
ering the question OF appointing receiver
to wind up the affairs OF the Metropolitan
National; that several names have already
been suggested to him in that connection,
and that an appointment will probably te
made in q few days