The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1893-08-03

Although not an unexpected event,
the arrest of the President and the vol.
untary surrender of himself by the
Cashier, OF the Citizens National Bank,
caused very decided sensation in this
community. y. S. Marshal Hook, came
from cincinnati Tuesday and found Mr..
overnan, Wednesday, at the home of
his mother, in Paint township, where he
was enjoying brief visit. The affidavits
charge the felonious conversion of bank
funds to his own use, the amount being
stated at $4,000. Also, the making of
false entries as to the purported condi-
tion of the bank.
Mr.. Overman was taken to Cincinnati
wednesday afternoon, where, with his
attorneys, H. A. Pavey and d. Q. Nor.
row, OF this city, and Gov. Foraker, he
appeared before Commissioner Bruce.
His bond was fixed at $4,000. 1t being
too late to arrange for this he was held
nominal prisoner in official custody,
at the Gibson House, until the next
morning. The following day his bond
was endorsed by Lowe Emerson, Grant
H. Burroughs and Matthew Farrin. Of
Cincinnati.
Learning of the prospective arrest
Cashier Price went to Cincinnati Tues.
day, gave himself up and was released
on $1,000 bond.
We are not here to condone the faults
OF either OF these gentlemen. They have
probably done wrong. They may be
criminally guilty in the eye of the law.
Certain it is that while they may have
deceived others, they have been them
selves deceived. 1t is, we think, with
Mr.. Overman, the old story of over. con.
fidence in the promises of others, coupled
with investments which took down.
ward, rather than the expected upward
tendency. While others are bitterly
condemning him as a deliberate thief
and scoundred, we prefer to let the
courts decide that. And, even should
they condemn him, there are MANY
who will never believe that he had any
criminal intent There is no good to be
accomplished by jumping on him saw
agely because he is down. He has done
many good turn. Now give him a
chance. If he has done wrong. either
actual or technical, whether with crimi.
nal intent or not, the government will
unearth it. Until then, we can afford
to accord him fair play. The people of
this community have shown themselves
remarkably sensible and have won high
plandits by their considerate action thus
far in connection with the closing of
this bank, and we feel sure that they
will not rush to hasty conclusions.
The situation of MIR. Price is peculiar
ly trying. He was only nominally
cashier, having drawn no salary or per.
formed any bank duties for many
months. If Overman should be found
guilty OF some of the charges, it would
follow that Mr.. Price is technically re.
sponsible also. Thus, by reason of the
use OF his name he may become in.
volved for acts of which he had no
knowledge whatever. 1t is said the
directors are also similarly liable.
OF course, there are rumors and
rumors, and some bitter things are said.
But nothing definite is known. 1t is,
however, we think safe, to say that the
interests of creditors and depositors will
be we'll taken care of in the hand of the
Receiver, Judge Ditty.
Until the date of trial. it is we'll
enough to pay little heed to the wild
stories afoat.