The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1900-11-23
POPULATED S195.5OO.
Assistant Cashier Brown, of a New
port Bank, a Defaulter.
Made Two Entries ia His Books, One
I'm Ink, Another in CrayOn-Gam-
bling and Women the Cause
of His Downfall


assistant cashier of the German Ma
tional bank, of this city, stole from
the bank $4,000 in is months time,
and is now being sought by the de
teetives. He left Cincinnati last week
with about $500 in his pockets. Brown
spent the banks money on women,
horses and cards, and his stealings
amounted 10 more than the banks
capital and surplus.
A United States bank examiner is
in charge of the German National,
and several thousand depOsitOrs
are now clamoring in vain for their
money.
Brown was one of the best
known men in Newport. His father
is Paris c. Brown, the wealthy river
man, honorary member of change, a
former director of the bank and well
known in connection with many Gin
cinnati and Kentucky business enter
prises.
About IS years ago Frank NJ. Brown
entered the bank as a clerk. He paid
attention to his work and gradually
rose to be boOkkeeper and later as
sistant cashier, having charge of. the
individual ledger. For several years
his salary has been $1,000.
Eight years ago, as far as known,
he did his first gambling. His com
panions were men of the world, who
knew how to spend, and he was am
bilious. He cast about for ways to
increase his bank roll.
He studied conditions carefully, and
concluded to take a whirl at Latonia.
A few of his friends went in with
him, and they engineered a deal on
Lady Cartwright, one of the speedy
sprinters entered in the races. The
good thing "went through" all right,
and Brown cleaned up $4,000 for him
self.
A little later he worked Abuse, an
other racer, through the Oakley for
eign book for between $4,000 and
$4,000 The winnings were supposed
to go to the agent of an eastern
gambler but in reality they went into
the pockets of Brown.
From fast horses to women he
found a narrow step. He did the
thing up in prodigal fashion, too.
At one time he had three establish
ments running at the same time in
Cincinnati.
He was a rounder. and was known
in all the resorts of Cincinnati. He
was favorite with the women of the
half-world, for though he only drank
moderately, he spent his money free
" on women.
Brown will go down in history as
wonder among bank looters. His
scheme worked on hair trigger.
He had an individual book on which
he recorded deposits as they came in.
This book he posted with the general
bookkeeper at the end of each day.
If a person, for example, deposited
$1,000 and another $4,000 at Browns
window, Brown entered the amounts
correctly in ink opposite the depos-
itor's name. Maybe he wanted to
hold out $1,000 from the first and
$1,000 from the second deposit. He
would mark down the remainder in
crayon just above the amount as re-
corded in ink. 1t was the sum in pen
ell that he read to the general book
keeper But when he "read back"
that is, when he wanted to know
what the real deposit was and wher
he had to work on that he read the
record in ink
Cincinnati, Nov 21.-Fred Stone
has autographed his father from Pan
Their, w. Va, that he has not been in
Indiana for q month and did not see
Brown, the defaulting cashier of the
German national bank, of Newport,
KY, at TT. Wayne, Ind, as reported.
a cipher message was sent to the
United States controller of the cur
rency late Monday saying that in
round numbers the shortage was
$195,OOO
1t is positively known that there
is enough money on hand and good
assets to pay a good first dividend to
all creditors. .
A gentleman well posted on the
affairs of the bank, said Tuesday:
''The only censure that I can see that
is due the officers of the bank is be-
cause of their blind confidence in this
man Brown"
A proposition will be made by many
of the depositors, especially the big
ones, 10 the effect that if the bank
will be permitted to open upon re-
organization they viii leave. 40 per
cent. of their deposits in the bank
for a year.
VIII Not Take the Position.
Washington, Nov. cot was learn
ed Monday night that Mr.. Frank p.
Sargent, chief of the brotherhood of
Locomotive Firemen, to whom was
rendered the Office of chief of the
burea,t of on orravinO and Y,rintin0 has