The Washington weekly post., 1900-11-20

ftEoiuNdIls NV. IL htttA Htdtto A'-''
Examiner Tucker to-day took possession
o. the German National Bank. al New
port ny. and posted a notice that The
bank would remain closed pending an eA-
animation. Examiner Tucker also an
I1GnCet, unOfiicial!y. that Frank NJ.
Brown. the individual b0Okkeeper and as
s.stant cashier was missing, and that
partial investigation showed that Brown
vas short about sol 60.
Brown had been with the bank eighteen
years, was one Of the most trusted men
ever connected with this old bank, and u
IS stated by the experts that his opera
tons extended back as FAR as ten years.
The capital stock OF the bank Is only $780,
O0 Browns shortage is double that
amount and more than the reserve and all
the assets. including their real estate
While AlyOrd got away with 100000 in
New York. he did IL in large bank. but
Brown did not have so much to go on.
and seems 20 have gone the full limit for
a small bank in city of less than 3O.0O
Inhabitants.
The First National Bank OF Newport
vas wrecked two years ago by Cashier
loutsey. and now with the German Ma
tional closed. Newport has only one bank
Il
mors that Brown was short and some de-
pJsltors withdrew their accounts.
Browns ThefIs Covered
Three weeks ago the bank examiners
made a good statement for the bank, and
the officers and directors allayed sus-
I.eion by referring TO the report of this
examination and to their last statement.
Last Wednesday Brown left, and il was
announced that he had gone hunting on a
vacation. He Id get ticket for Odin.
Ill. Dut It is learned now that he did lot
30 there, and IL is generally believed
mat ne Is out OF this country, with plenty
Of money in his possession.
II Is learned that Brown was SUSPENDED
iast Tuesday pending an investigation,
ana that experts have been at work all
lhe past week, while the officers and di-
Iectors have been making announcements
mat everything was all right. Last Fri
Gay the oihcers and directors. over their
own names, published in the papers Of
this city statement that the bank had
Oeeh found to be all right, and that the
rdmors about Brown were false.
They continued making these statements
10 the press as late as last midnight, but
the statements were not accepted by the
Commercial Tribune, which exposed the
alleged shortage and caused a panic IN
Newport to-day. so that the bank had 10
be taken In charge by the examiner. The
widest scenes were witnessed I'm New
port to-day. and serious trouble is feared
Io-mOTroW.
brown a High ROIIer.
Brown, II is alleged, was living a fast
life, with wine, women. and gambling in
his repertoire. Ills career was not cut
hF.r4 f.K~ a.
jealous woman gave him away. Brown is
a widower, with one son. aged ten years,
who lives with Browns father, Paris &.
Brown, ex-mayor OF Newport, and one OF
the leading business men of Cincinnati.
Last summer Brown visited Yellowstone
Park, anG a certain Cincinnati woman
wanted 10 accompany him, but this was
denied her. When she ascertained some
time afterward that another woman was
with Brown on his Western trip, the Gin
cinnati woman gave the bank officials
some information that brought about a
crisis. The only farewell letter that
Brown is known TO have left was 10 this
woman. whose apartments are on Ninth
street, in Cincinnati, and in this letter he
admits that he had secured about all that
lie could get, and that the time had come
10 say farewell.
bIONHs IL Is Sdlls WAS Il great DOhtI
player, with the limit never too high, and
he had been a plunge- on horse races for
years. His bets on the races, IL Is re-
ported, were frequently too high for the
poOlT0oms in COvington, KY, and he had
brokers in both Chicago and New York.
Losses 10 Be tIade Good.
The officers OF the German National
Bank are wealthy and responsible men,
and they will he able to make the losses
good. Among the directors is Paris c.
Brown. father Of the missing bookkeeper,
Who is known from Pittsburg 10 New Or
leans at 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
he cashier went 10 his dinner
il is stated that Brown did most of his
work during the noon lunch of the CASH
irE There was quite a run on the bank
yesterday, but the usual announcement
was made as IL continued TO be made 10
the press TIL after midnight, but more of
a rush Is expected Al the bank Tomorrow
even II there has been a notice posted that
the bank IS closed pending Investigation
and some fear that there will he serio,Is
trouble, even 10 the extent of violence.
Excitement in Newport.
on sunday because of the panic in New
pert that followed al once the publicg-
lion Of Browns absence and alleged de-
talcations. The bank examiner posted =
notice that the bank would not be opened
tomorrow pending investigation. but il
is generally believed that this proceeding
on Sunday Will not prevent stampede to-
morrow. as the excitement in Newport I'D
tu late hour tonight was intense.
There are about 1900 depositors. among
Them being the nine building associations.
Which have the savings OF many poor peo-
DIE. These classes talked more to-day
agHut the statements given out last
Thursday and since then than about
LfOWns operations. Brown wrote 10
q woman IN Cincinnati that he was
pound for South America, but tile
enquirer viii say tomorrow that II
ats good authority for alleging that
LIo"L sailed from New York yesterday.
A.