The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-19
BANK CASHIER
MISSING WITH
100000 CASH.
Second Alvord Case Develops in New
port, Ky.-Bank's Capital
was Only 100000.
WINE AND WOMEN THE CAUSE.
Was Also an Inveterate Gambler.
Trouble With Depositors Feared
When the Bank Opens To-day. (

possession OF the German National bank
at Newport, KY, and posted ! notice
that the bank would remain closed
pending an examination. Examiner
Tucker also announced unofIlciaily that
Frank NJ. Brown, the Individual book
keeper and assistant cashier,was miss
Ing and that partial investigation
showed that Brown was short about
s20l,O00 Brown had been with the bank
eighteen years. was one OF the most
trusted men ever connected with this
old bank. and It Is stated by the experts
that his operations extended back as far
as ten years. The capital stock OF the
bank is only 100000. Browns alleged
shortage is double that amount, and
more than the reserve and all the as
sets, including their real estate. While
Alvord got away with 100000 In New
York. he did 1t in . large bank. but
Brown did not have so much to so on
and seems to have gone the full limit
for n small bank In a city OF less than
10000 inhabitants. The First National
Bank Of Newport was wrecked two
years ago by Cashier Youtsey and now
with the German National closed New
port has only one bank left.
Rumors of the Shortage.
For two weeks there have been ru-
mors that Brown was short and some
dcpositors withdrew their accounts.
Three weeks ago the bank examiners
made good statement for the bank and
the officers and directors allayed sus-
picion by referring to the report OF this
examination and to their last state
ment. Last Wednesday Brown left and
1t was announced that he had .gone
hunting on n vacation. He got ticket
for Odin, Ills, but 1t Is learned nov. that
he did no. go there. and 1t Is generally
believed that he Is out of this country
with plenty OF money in his possession.
1t Is learned that Brown was suspended
last Tuesday pending an investigation
and that experts have been at work all
the past week while. the officers and di-
rectors have been making announce
mrnts that everything was all right.
Last Friday the officers and directors,
over their own names, published In the
papers of this city, n statement that the
bank had been found to be all right and
that the rumors about Brown were
false. They continued making these
statements to the press as late as last
midnight. but the statements were not
accepted by the Commercial Tribune.
which exposed the alleged shortag. and
caused panic in Newport to-day so
that the bank had to be taken in charge
by the examiner. The widest scenes
were Witnessed in Newport to-day and
serious trouble is feared tomorrow
when the officers and directors will be
confronted by the people who have
hunted them In vain to-day.
Lived n Fast Lifo.
Brown It Is alleged, was living y fast
life with wine, women and gambling in
his repertoire. His career was not cut
short by any discovery at the bank TIL
jealous woman gave him away. Brown
Is widower with one son. aged ten
years, who lives with Browns father,
Paris c. Brown, eX-mayor of Newport
and one OF the leading business men of
Cincinnati.
Last summer Brown visited Yellow-
stone Park and n certain Cincinnati
woman wanted to accompany him, but
this was denied her. When she asccr-
tained some time aftcrward that an.
other woman was with Brown on his
western trip. the Cincinnati woman
gave the bank officials soma informa-
tion that brought about n crisis. The
only farewell letter that Brown is
known TO have left was to this woman,
whose apartments are on Ninth street,
In Cincinnati. and In this letter he ad-
mits that he had secured about all tina,
he could get and that the time had come
TO say farewell Brown, It Is said, wns
n great poker player with the limit
never too high and he had been q
pl,ingcr on horse races for years. His
bets on the races, It Is reported, were
frequently too high for the pool rooms
In Coving,on. KY. and he had brokers
In both Chicago and New York.
officers Are Wealthy.
The officers OF the German National
Bank are wealthy and responsible men
and they viii be able to make the Losses
good.
Among the directors IL Paris C.
Brown. father OF the dcfaultcr, who Is
known from Pittsburgh to New Orleans
Mt every wharf, AZ the head OF the stores
Tor boat supplies. The cashier of this
bank Is also the paying teller and Brown,
relieved him as paying teller when the
cashier went to his dinner. It Is stated
that Brown did most OF his work during
tho noon lunch OF the cashier. There
was quite Il run on the bank yesterday,
but the usual announcement was made
as 1t continued to be made to thr press
TIL after midnight. but more OF n rush
IN expected at tho bank Tomorrow, even
u there has been n notice posted that
the bank Is closed pending investigation
ana Homc fear that there will be serious
trouble even to the extent Ut violence
Bank Will Not Open To-day.
Bank Examiner Tucker. took posses.
sion on Sunday because OF tho panic In
Newport that followed at once the pub
licatlon OF Browns absence aud alleged