Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-11-19
20. p. TUCKER.
National Bank Examiner

national Bank Examiner
THE above notice appeared ON the
10 Of the stately building Of the
German National bank Of Newport
Nv prlor to the time for opening to-
dov The salient facts Of the cause OF
,be notice had been known since sun
d,v morning and therefore there were
,ona NJ the usual scenes accompanying
a RIM on the bank by deposltors' Inc
alleged defalcation OF Assistant oasii
3er Frank NJ. Brown to the ahouh. VI
about 5000 OOd was a fact so over
whelming that no deposltor Was ioo '',,ii
r',,t,h IN suppose that any good could
So accomplished by attempting to get
money from the bank today.
National Bank Examiner o. 7, tuck
ar Who Is in charge, in an interview
toaav said the alleged defalcauon was
No. dlseoyered by him until ~ O'CLOCK
on saturday night, that both he ana tne
banks own experts had been unable 70
ard ANYTHING wrong until that TIME
irhs discovery was made In a comPal l.
sor of Browns Individual ledger WIN
sbe cashiers daily checking up Here,
S. aid II was found that Brown hau
Ieen forcing balances from day TO DAY
r,u tbs total of Sl92, 900 had been
,yitbdrawn from the funds Of the BANK
r,be examiner further said the matter
~ criminal proceedings had been re-
erred 10 United States District Attoi-
1sv nm OF Louisville, who would cause
a warrant for Browns arrest TO y IS
sued. The examiner himsen hau ~.
taken this step because ne kils" tua1
Brown was absent, Inc only pyilu
which the bank holds IS lha'
OF Paris c. Brown, the fatheI on tiie
assistant cashier. who Is a wen hlON Il
river man, and president OF lne ~ ,rSi,
solidated Boat store COMPANY H'o
bond is an open one, conditioner
cover any shortage by the son. /, -
said that though PARIS - bIuNn ,,9
voiuntarily offered his entire properly
40 meet its obligation not more thah
500 OO0 can be realized from this source
mo hank stock. Examiner Tucker sara
Ga az no value as a double liability as
sessment must be made. Deposltvrs
NAV receive a dividend as soon as the
comptroller OF the currency viii autnoi-
ize II but this may be weeks ana even
months Deposltors will be notihed Oh
fhe amounts 10 their credit ana they
viii he required 20 make proof OF thelr
claims Examiner Tucker said he
Syould employ a full froce Of clerks TO
arrange the business Of the bank ana
make every effort to collect all the
debts due the bank and in every way
discover the banks exact condition, put
until that time he would not make
positive statemnt os 70 the extent OF
The liabilities beyond that II now ap-
peared to be $4,000
The bank was the depository OF nine
building associations. and or the al
toinlng corporations OF Bellevue, Day.
ton and other towns as wen as OF
about 1000 individuals ana nrlns,
There are no indications OF an accom-
pllce or Of any one knowing ABOUT
Browns departure or destination.
RESOURCES AND LIABILITIES.
Washington. Nov. l9.-Comptroller Of
the Currency DIVES has appointed OH
Yer Z. Tucker national bank examiner,
temporary receiver Of the German Ma
tional bank OF Newport, Ky. Ny Tuck
err telegraphed the comptroller that ne
had taken charge owing 10 the dis
cOyery of a defalcation amounting 10
about Sl95 900. and thereupon the comp
troller appointed him temporary re-
celver. The officials here consider II
astonishing that a defalcation amount
ing TO more than the reserve Of the
hank could have remained undiseov-
cred for any length Of time. but they
attempt to offer no explanation, as Mr.
Tucker has not yet furnished any de-
tails. The last examination Of the bank
was made in May last. The following
Is a statement OF the condition Of the
bank as shown by its sworn report to
the comptroller Of the currency under
date Of September 9Th: