The suburban citizen., 1900-11-24

Cincinnati Especially United States
Bank Examiner Tucker took posses
sion of the German National Bank al
Newport, KY, and posted notice that
the bank would remain closed pending
an examination.
Examiner Tucker charges that
Frank NJ. Brown, the individual book.
keeper and assistant cashier, is miss
ing. He says that a partial investiga'
tlon shows a shortage Of about $2O1,OOO,
Brown had been with the bank le
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 1c
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 has only one bank left. For two
weeks there have been rumors OF a
shortage at the German National and
some deposltors withdrew their ac'
counts. Three weeks ago the bank ex,
bank and the officers and directors all
layed suspicion by referring to the re-
port Of this examination and to their
last statement
Last Wednesday Brown left and II
was announced that he had gone hunt
ing on a vacation. He did get ticket
'1pr Odln. ILL.,, but 1t is learned now
that he did not go there, and 1t is gen
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 max
ing announcements that everything
was all right Last Friday the officers
and directors over their own names
published in the papers of this city a
statement that the bank had been
found to be all right and that the ru-
mors about Brown were false.
Brown Is a wldower, with one son
aged 10 years, who lives with Brown 8
father, Paris c. Brown, ex-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
a clue that brought about a crisis. It
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 G. 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 posses
sion on Sunday because OF the panic
In Newport that followed at once the
publication here of Browns absence.
The bank examiner posted notice
that the bank will not be opened pend
ing investigation, but It is generally
believed that this proceeding will not
prevent a stampede, as the excitement
In Newport is intense.
There are about 1900 deposltOrs,
among them being the nine building
associations, which have the savings
of many poor people