The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1900-11-22
BANK LOSES $2Ol,OoO.
More Than Double the Amount Of Capi.
taI Is Missing.
THE ASSISTANT CASHIER MISSING.
4 Cincinnati Woman, Angry Because lie Did
Not Take Her on Trip to Yellowstone
Park, Gives the Bank Directors lnforma.
tion Which Leads TO an investigation.
Trouble Feared.

Cincinnati (SpeciaD United States
Bank Examiner Tucker took possess
sion of the German National Bank at
Newport, KY, and posted a notice that
the bank would remain closed pending
an examination.
Examiner Tucker charges that
Frank M. Brown, the individual book
keeper and assistant cashier is miss
ing. He says that partial investlga-
tion shows Il shortage of about $20i 900.
Brown had been with the bank 1S
years and was one of the most trusted
men ever connected with this old bank.
1t is stated by the experts that the
shortage extended back as far as 10
years. The capital stock of the bank
is only 100000. The alleged shortage
Is double that amount and more than
the reserve and all the assets. includ-
ing their real estate.
The First National Bank of Newport
was wrecked two years ago, and now,
with the German National closed. New
port mas only one bank left For two
weeks there have been rumors Of a
shortage at the German National and
some depositors withdrew their ac-
counts. Three weeks ago the bank ex-
amlners made good statement for the
bank and the officers and directors AL
laycd suspicion by referring to the re-
port of this examination and TO their
last statement.
Last Wednesday Brown left and it
was announced that he had gone hunt
Ing on vacation. He did get ticket
for Odin, ILL.,, but it is learned now
that he did not 90 there. and it Is gem
orally believed that he is out of this
country. 1t is said that Brown was
suspended last Tuesday pending an in
vestigatiOn and that experts have been
at work all the past week, while the
officers and directors have been maxi
ing announcements that everything
was all right. Last Friday the officers
and directors over their own names
published in the papers of this city
statement that the bank had been
found to be all right and that the ru-
mors about Brown We're false.
Brown is a widower, with one son
aged 10 years who lives with Browns
father Paris G. Brown, cx-Mayor of
Newport and one of the leading busi-
ness men of Cincinnati. Last summer
Brown visited Yellowstone Park. A
Cincinnati woman, who became Offend
ed with Brown, gave the bank officials
is alleged that Brown had been leading
a fast life.
The officers of the German National
Bank are wealthy and responsible men
and they will be able to make the
losses good. Among the directors is
Paris c. Brown, father of the missing
man, who is known from Pittsburg to
New Orleans and every river wharf as
the head of the stores for 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. 1t is stated that Brown
did most of his work during the noon
lunch of the cashier.
Bank Examiner Tucker took possess
sion on Sunday because of the panic
in Newport that followed at once the
publication hero of Browns absence.
The bank examiner posted a notice
that the bank will not be opened pend
ing investigation. but it is generally
believed that this proceeding will not
prevent stampede, as the excitement
in Newport is intense.
There are about 1900 depositors.
among them being the nine building
associations, which have the savings
of many poor people.