Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-07-29
CASHIER DISAPPEARS.
Charles F. Morrill, Missing
Since Wednesday.
THREE BANKS INVOLVED.
What Their 0ficers Have to Say About
Their Financial Condition.


citement this city over the abs-nce of
Charles +. Morrill,. the missing cashier Of
the National Bank OF the Copmonwealth,
has In no wise abated. and Mr.. Morrill's
whereabouts are shrouded In the deepest
gloom.
A meeting Of the directors Of the Derry
field Savings bank, Of which institution
Mr.. Morrill, was the treasurer. was held
yesterday afternoon. and IL was voted to
apply to the court for the appointment Of
receiver to wind up the Affairs OF the
bank. The directors expressed . prefer
ence for the appointment Of David A.
Targart. The feeling at the meeting was
that the entire capital stock Of 5000 had
been
Wiped Out by worthless Paper.
Stephen N. Bourne, agent Of the Stark
mills. who succeeded James @. Moore a.
president Of the Derryfeld Savings bank,
said: II never was so dumfounded In my
life as ! was to see the transactions Of the
president and cashier. am, like any
other officer of the bank, In ignorance Of
what the findings OF the examination will
be. but cannot see how the officers of any
institution similar to the Commonwealth
bank and the Derryfieid Savings bank
can borrow money of themselves without
consulting single director and be acting
squarely. In such q case IL might be
called hypothecating, and 1t might not"
Being asked IL he could give any figures
that would tend to show the amount In
volved, Mr.. Bourne explained that great
deal of paper, Of pet schemes In which the
president and the treasurer were inter-
ested, had been indorsed by these officials.
He replied that he should think that per-
haps $50, 600 Of such worthless paper was
I'm existence, and that that might be the
amount involved Still he would not
state that those were the exact figures,
but they were closely approximate.
"The resignation OF both Messrs. Moore
and Morrill, were requested by a commit
tee that waited upon them. and were not
voluntary. AS might have been Inferred.
There Is Something Wrong
when any officers having the care of
other peoples money help themselves to
II without at least consulting the direc-
tors, said Mr.. Bourne"
call at the Office of the Peoples Fire
Insurance company. Of which Mr.. Morrill,
was treasurer. found his successor, George
w. Weeks, talkative. In reply to ques-
tion. be ssid: II do mob know anything
about the shape in which the securities Of
the company are. They are all In the
safety vaults Of the National Bank Of she
Commonwealth. aud we cannot get at
them until the bank examiner gets ready
to let u.s."
'How much have you got In there. Mr..
Weeks?"
20, perhaps 100000 in securities and
100000 or 100000 in mortgages on real
estate here in Manchester"
"How long ago were these securities ex-
aminedf"
"rhey were examined by Mr.. Morrill, for
the company last January. They have not
been examjned since to my knowledge"
"Of course you understand" said Mr..
Weeks, that am not elected permanent
treasurer. am simply temporary treas
urer. We shall hold another meeting to-
day. and there may be something done
relative to this matter at that time"
Enjoinsd From Doing Businesa
CONCORD, N. H., July 29.-The Derry
field Savings bank and Trust company of
Manchester, which has been under tenn.
porary suspension since the closing of the
National Bank of the Commonwealth.
with which 1t was connected, was en-
Joined last night from transacting any
further business by Bank Commissioner
I,vford