Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-11-19
SHORT s2OI 900.
German National Bank Of
Newport, KY, Wrecked.
Assistant Cashier Browns Fast
Living Said to Be Cause.
MAKES HIS ESCAPE WITH PLEE
TY OF CASH.


States Bank Examiner Tucker. today.
took possession of the German Nation
al Bank ut Newport. Ky. and posted
notice that the bank would remain
close pending an examination Exam
iner tucker also announced unofficial
~ that Frank NJ. Brown. the individual
bookkeeper and assistant cashier. was
missing and that Il partial investiga-
ton showed that Brown was short
about $2o1, geo. Brown had been with
the bank Is years, was one of the most
trusted men ever connected with this
Old bank and il is stated by the ex-
poets that his populations extended
back as far rs 10 years. The capital
stock of the bank is only SlGo, 900
Prowns alleged shortage is double that
amount and more than the reserve and
oil the assets. including the real es-
state.
The First National Bank of Newport
was wrecked two years ago by Cashier
Youtsey and nov the German Nation
al Bank closed. Newport has only one
bank left. For TWO weeks there have
been rumorS that Brown was short
ana some dep0sitors withdrew their ac-
counts Three weeks ago. the bank
examiners made a good statement for
the bank and the officers and directors
allayed suspicion by referring 10 the
report Of this cxamina ton and to their
last statement
Last Wednesday. Brown left and i.
was announced that he had gone hunt
inp on Il vacation. He got ticket for
Ddiin. H.. but it is learned NOW that
nc did not go there, aud il is generally
believed thar IL is out Of this country
with plenty Of money III his posses
sion.
IL is learned that Brown WAS suS-
pended. last Tuesday, pending an in
Vcsti ~ation and the experts have been
at work ali the past week. while tho
officers and directors have been max
ing announcement that everything was
al right.
Last Friday. the officers and dirac-
tors. over their own names. published
in the papers Of this city 4 statement
THAI tha bank hat been found ~ b
al right ana thar. tn" minors about
Brown were false. They continued
making these statements to the press
as late as midnight, las. night. but
the statements were not accepted hy
the Commercial Tribune. which expos
the alleged defalcaJion and caused a
panic in Newport. today. 50 that the
bank had to be taken in charge By the
examiner.
The widest scenes were witnessed in
Newport. today. and serious trouble is
feared. tomorrow.
Brown. il is alleged. was living fast
as-1t. II fs1rr
in his repertoire. His career was not
cut short by any discovery at the bank
until a jealous woman betrayed him.
Brown is widower. with one son 10
years old. who lives with Browns
father Paris c. Brown. exmayor Of
Newport. and one Of the leading bust
ness men OF Cincinnati Last summer.
Brown visited Yellowstone Park and
Cincinnati woman wanted 10 accom-
pany him. but this was denied her.
When size ascertained. some time af-
forward that another woman was with
Brown on his Western trip. the Cincin-
natl woman gave the bank officials
some information that brought about
crisis.
The only farewell letter that Brown
is known TO have left was 10 this wo-
man. whose apartments are IN 9th
street in Cincinnati and in this letter
he admits that he had secured about
all that he couId get and that the time
had come to say farewell. Brown. it i
said. was n great poker player. with
the limit never too high and he had
been q plunSer on horse races for
Years. His bets on the races, il is r.
r0rted. were frequently too high for
the pepl rooms in Coyington. Ky, and
he had brokers IN both Chicago AMI
New York
The officers OF tine bank are All Of
hem wealthy and responsible men and
they will b. able 70 make the losses
good Among the directors IS Paris 9.
Brown. the missing mans father vno
i well known The cashier Of this banA:
is also paying teller and Brown r.
IieveI him as paying teller when the
cashier went IT. mis- dinner II il stated
mat brown dill mast IF his cork fi'Ir-
tr- Thu noon TlHrh ~ tine caShier-
There VAS quite run IN tha hank
YESTERDAY. ara ther- il some fear rHat
rr7sfa v-fEI ~ serious trouble. tomorrow
-,-ar, 10 tne extent Of violence