Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1897-02-06
BETRAYED TRUST
Forces Another Financial lnstitu.
ton 10 die Wall.
oAsHIER ACQUIRED OF rHE oRnrI

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1atssr q o1oa,soo Has Dsea lfaaips-
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Del n oessk Thas Nay Invslvs 0sRe
0tAsr People n rrosbls.
Great Falls. Mont. Feb. a. The
Northwestern National hank, one Of the
Oldest institutions In the state. posted
terday morning. The board Of directors
and officers charge that the trouble Is
due to . .defalcation ON the part of
Cashier Benton d Hatcher, of $780,
600. The comptroller Of the currency
has wired Louis q. Phelps to take
temporary charge Of the hank. pending
the arrival Of the bank examiner. The
assets Of the institution are given out
by the directors ~ s75o. 900: liabilities Of
about an equal amount. Cashier Hatch
er II lying Frustrated at his home here.
All DAY long he refused to say any
thing. Last evening he was seen in his
ped chamber and commenced to tell
the story. He had proceeded but q few
. his head and exclaimed: .'Oh, cam
not talk to you now. NY head IL buzz
xing. Wait until am myself and when
tell my story the world will not think
am q dishonest man. Say for me
That none Of our correspondents or de.
positors will lose q dollar"
Cashier Probably Had AceemplSeea
The charges made by the board of
directors are Of q sensational char
ter. 1t IL believed here, however, that
In the wrecking Of the bank more than
cashier Hatcher are implicated. On
Dec. IL last the Conrad Bros, who were
the organizers Of the bank In the early
S0s. offered their stock, amounting to
xiSO0OO for sale. a. they were retiring
nom all active business. ane entire
holding was purchased by Cashier
Hatcher. who informed the directors of
the bank that he had friends in Boston
who wanted to purchase the stock.
Hatcher went east in December and
on his return informed the directors
that he had sold the stock to his friends.
The correspondent Of the Northwest
ern In the east u the Globe National
bank. Of Boston.
where Hatcher Did His Rascality.
Cashier Hatcher. 1t II alleged, being
unable to dispose Of the stock as he
had agreed to do. drew from the Globe
National the amount Of the purchase
price Of the stock-$1S0. 0oo This was
over a month ago and no suspicion Of
where the money came from was enter
tanned until just before q mortgage for
reorganization was received on Jan. II.
The Boston stockholders then wired
that they were unable to be here for q
t. ~
ton was put on foot, but no knowledge
Of 1t was possessed by the officers or
directors here until the arrival Of Pres.
ident James A. Coram, from Boston,
Thursday night.
Short IN Alleged Deposit Of olso, 900,
He at once called q meeting of the al.
rectors. and for the first time was Il
known that the Globe National bank
did not have on deposit the amount re.
ported by the Northwestern books here
-$1SO. 900. The directors decided to sus-
pend and yesterday morning wired the
comptroller to that effect. Cashier
Hatcher charges that he drew the mon
+, ey from the Globe National at the d.
! rection Of President Coram, who had.
| with other friends, agreed to take I'M
the stock sold by the Conrads and re-
imburse the draft from the Globe Ma
tional. He also says that President
Coram called at his house yesterday
morning and assured him thet he had
perfect confidence in his honesty
Wanted the Globe MAJ to LIE.
One sensational feature OF the trouble
F! Is told by Vice President Klepetko.
who says that on Saturday last Hatcher
sent a message to the Globe National
asking that institution to advise the
bank here that It had more money on
deposit than 1t really had. On receipt
| Of this telegram Coram started at once
| for Great Falls. The bank is owned by
the Boston and Montana ana the Butte
/ and Boston people.
TURK HAS TURNED HIMSELF LOOSE.
Crete Again The Scene Of Rsp,pe. Fir, s.a
Athens. Feb. 6.-Three-fourths Of the
Christian quarters in the city Of Canea
have been burned to the ground. ac-
cording to late advices received from
the Island Of Crete. The Christians
while trying to escape to the warshius
were attacked by the Mussulman popu-
lation and many were killed ana in
jured. The total number Of victims as
result Of the recent fighting is esti-