The Saint Paul globe., 1900-11-20
HAVEN'T GOT B|A YET
DEFAULTING NEWPORT, KY, AS
SISTANT BANK CASHIER HAS
COMPLETELY VANISHED
ie CLUE TO His WHEREABOUTS
TOTAL OF HIS DEFALCATION ESTI-
MATED BY RECEIVER TUCKER
AT $I9I,5OO
HAD A WONDERFUL MEMORY
Carried the Amounts of His False
Entries in His Head and Called
Off Original Figures to
Checking Clerks.

CINCINNATI, Nov. 19.-The experts
Who have been working today with Re-
ceiver Tucker on the books of the Ger
man National bank at Newport, KY,
estimate the alleged shortage of Frank
M. Brown, the missing assistant cashier
and individual bookkeeper, at $191, 500.
According to reports from persons who
were with Brown when he left last Tues
day night he had less than $500 with him
Browns salary was only $1,500 a year.
His bond for $4,000 is good. United
States District Attorney Hill will arrive
from Paducah tomorrow to take charge
of the case. 1t is expected he will cause
several arrests.
During the run on the Newport bank
last Saturday 100000 was obtained in
Cincinnati to bridge over the trouble
This was returned, and Receiver Tucker
had other moneys and papers also trans
ferred from Cincinnati.
Brown evidently had a wonderful mem
ory. The experts said he carried In his
head the figures that enabled him to
call off correctly false entries in way to
mislead the clerks who were doing the
checking with him. A depositor would
put in SO. 100, Brown would enter the
proper sum in one book and enter 1t as
$10G in another Then when it came to
checking up he would handle one of the
books
ACCOUNTS MEMORIZED.
Another clerk would check and Brown
would call off. Intead of calling off 500.
which appeared as the amount Of the de-
posit on the book which he was handling.
he would call it as SO, 100, thus making it
correspond with the book in the hands of
the other clerk. He also. 1t is alleged,
worked it In another way. A depositor
would draw out $100. Brown would make
the proper entry in one book and entsr
$3,100 in another. When the depositor
had his account checked up the figures
were taken from the book In which the
correct entry had been made. When the
bank officials looked to see what amount
was due the depositors they were then
given their information from the books
which showed that $3, 100 had been with
drawn. Brown had memorized all the
individual accounts, and the experts find
no private marks of any kind on the
books. The general ledger balanced with
the cash. 1t is generally believed
ally with an error of 1000 in the individ-
uaI accounts.
CLOSED BY COMPTROLLER
This bank is closed by order of the
comptroller of the currency"
20. P. Tucker,
National bank examiner
of Q se stately building of the German
National bank, of Newport, KY, before
the hour of opening for business The
salient facts of the causes of the notice
had been known since Sunday morning
and therefore there was none of the
usual scenes accompanying a run on the
bank by depositors. The alleged defalca-
ton Of Assistant Cahier Frank H Brown
to the amount of about $200000 was so
overwhelming that no depositor was fool
ish enough to suppose that any good
could be accomplished by attempting to
get money out of the bank today.
National Bank Examiner Tucker stated
that the alleged defalcation was not dis
covered by him until 10 o'clock Satur-
day night, that both he and the banks
own experts had been unable to find any,
thing wrong until that time. The discov-
cry was made in a comparison of Brown 5
individual ledger with the cashiers daily
checking up. Here it was found that
Brown had been forcing balances from
day to day until the total of $191, 800 had
been withdrawn from the funds of the
bank. The examiner further said that
the matter of criminal proceedings had
been referred to United States District
Attorney Hill, of Louisville, who could
cause a warrant for Browns arrest to
be issued.