Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1900-11-23
BANK LOSES 100000.
More Than Double the Amount of Capt.
tai Is Missing.
THE ASSISTANT CASHIER MISSING.
A Cincinnati Woman, Angry Because he Did
Not Take Her on a Trip to Yellowstone
Park, Gives the Bank Directors lnformc'
ton Which Leads to an Investigation
Trouble Feared.

Cincinnati Especially .-United States
Bank Examiner Tucker took posses
sion Of the German National Bank at
Newport, Ky, and posted 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-
ton shows a shortage of about SOL oo,
r. Brown had been with the bank lS
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 has only one bank left. For two
weeks there have been rumOrs OF
shortage at the German National and
some depositors withdrew their &C.
counts. Three weeks ago the bank ex-
aminers made good statement for the
bank and the officers and directors al
layed suspicion by referring to the re-
port of this examination and to their
last statement.
Last Wednesday Brown left and 1t
was announced that he had gone hunt
ing on d vacation. He did get ticket
for Odin, ILL.,, but it Is learned now
that he did not go there, and it 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 widOwer, with one son
aged 10 years, who lives with Browns
father, Paris C. Brown, eX-Mayor OF
Newport and one of the leading bust
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 crisis. 1t
is alleged that Brown had been leading
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 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.