The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1889-05-30
THRILLED WITH THE FUNDS,
EMPLOYEES RoR A NEW HAVEN BANK
or A LARGE Sum or MONEY,

che oaahier aad Teller Guarded by Omeau
The President Issues oa'd 10 the
rahile' IN Whloh Ito says tho Hank
Loses Considerable, bat iis Capital wiH
Hat be Impaired,
boRros, May eb,r-A report comes
from New Haven tiht Cashier liradley
pf The Merohants' bank, a. thai place,
has been arrested on charge 0l emlaa-
cling betweea $4,000 and 100000, Tho
directors suspected trouble several days
ago, and after q preliminary examination
Of the books Uashier John u, iiradey
and Assistant Teller o. W. Palmer were
plaoed under police surveillance, After
further examination yesterday bradley
and Palmer were taken IN custody OF
tho sheriff, though they werr not ne-
tually impraoned, The hooks show that
the accused have systematically dis
counted notes without submitting the
paper 10 ihe directors for approval, This
practice hRa been carried Ol Cot q mum
ber Of yoari, untll tho hnnk was pretty
heavily Inyolygl The ulllncn viii not
nHmp Tho llsffe8, but other place the
amount ~ from $4,000 10 4lOlOll, and
buaner men generally regard the latter
sum pa about correct
A Card from tho President,
Late yesterday afternoon President
bigelow Issued ne following oard
20 rHs nuBif" ".U.u .ra..,.nrltIfs have
luHlpI 600 IU. Hut lHgplvUg iHa cashier
RiH HatiH.Hl. t"IiUU tirTr WlIi pr .blY iss
gWHllrrHHl iU fi6 bank W'u' n noe
hnWnVrfI IN.HIT IT. " . Hu. .ui HH-
gn,Wlu. SI u.paa ha,r Hen die
hrnDnGAlluau .r.au irwpulaHIir|, but nGtes
have hubn iil'UuuHIrl which WuTH nul prrhuuis
ed " ihg nosd al drviora for their APPROVAL
nv ,n' g,,1'nt n','g n, 4" OF PAPER 'A'po' "
talgndl u, lt NinWNW,
President Merchants BANK,
Whore oll the money hes gone on who
has boon hBrehttgd by tho crooked work
has not yet come out, The general 0pin,
hon la that The affair N much wOrO than
the bank officials care 10 admit Exam
lner n0oley N in charge Of the bank, but
he ~ ~ rrtlclcnt 90 the hank officers.
Cashier bradley spent the night IN
the sheriff office, while Palmer WAa nt
home IA charge Of deputy, bradley ~
about 90 years OF age has served several
terms iH councilman and alderman, AMI
n very popular lie Ia promncnt Ia
ehnroh circles, and Tor years has be6n
ohoriater In the fint Congregational
church, Fair Haven, lle also hon been
prominent IN military circles, having
boon Tor years member oi the New
Haven ureya, Palmer M ahOut " yeiir
old and hn0 been with the bank nearly 20
yearo
How the HIpose Wa mnas,
II " learned that the expose was prs,
oipltalcd by the discovery Oi not,a
amounting b. about $1,000 drawn hy
John II. bauolt q prominent hardware
dealer, which had been lrrognlnrly dia-
counted by the cashier or teller llvpctt
hnS secured the bank by R ing them %
mortgage upon his real eNtp Other
prominent merchants nro mixed up iu
me note ditCountng business. bus the
bank officials positively refuse 10 give
names,
Teller Palmer has made q iull comics.
niOn, but this cannot be- obtained Palmer
h Interested Ia ihe manufacture oi
patent medicine and ~ said % have used
the money irogul0ry borrowed irom
the bank 10 oytrnd his outside hu,inWs.
This wUl discovered by Cashier Bradley.
but POlmor Induced him 10 keep quiCt !
promltng 10 take up tho notes UI f,It na !
they became due, Ills talur, ~ dc thiU
caused the expose,