The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-11-23
THIS BANK IS CLOSED"
Another Banking Institution the
Victim Of Carelessnes and
Dishonesty.
A shortage Of About Two Hundred
thousand Dollars In the Accou"ss
of Assistant Cashier Prank N
Brown Discovered by Hank Ex.
amia~r Tucker.


Brown Discovered ny Hank Ex-
amia~r Tucker.
Cincinnati, Nov. 20.--"The bank is
closed 10y order of the comptrollef OF
the currency"
f~irnedl 20. T.. TUCKER.
National Bank Examiner.
The above notice appeared on the
doors OF the stately building Of the
German national bank of Newport
Nv. prior 80 the time for opening
The salient facts Of the cause OF the
notice had been known since sunday
morning and. therefore. there were
none az the usual scenes accompany
inc run on the bank by dcpoSitors
The alleged defalcation Of Assistant
Cashier Frank VI. Brown 10 The
amount of about 100000, was fact
80 o,erv hclmins thar no deposition
VA, foolish enough To suppose that
any good could be accomplished by
attempting To ge; money from the
bank
m. D.falcation Discovered.
National Isank Examiner q. T.
Tucker. Who Is in charge. in an inter
view. said hat the alleged dcfalcation
was moi discovered by him until ten
o-ciocl. on Saturday night. that both
n, and the banks own experts had
been unable to find anything wrong
until that time The discovery was
made in a comparison of Browns in.
di,idual ledger with the cashiers
daily checking up. Here. he said, il
was found that Brown had been fore.
ing balances from day 70 day until
the total of >l92 900 had been with
drawn from the funds of the bank.
Criminal Proceedings.
The examiner further said that the
matter Of criminal proceedings had
been referred 10 United states Dis
trict Attorney Hill. Of Louisville
who would cause warrant for
Browns arrest 10 be issued. The ex-
aminer himself had not taken this
step because he knew that Brown was
absent. The only bond which the bank
holds is that OF Paris G. Brown. the
father Of the assistant cashier. who j.
"a well-know river man. and president
OF the Consolidated Boat Store 60.
VIII Ruin Brown. Father.
This bond is an open one. condi'
toned 10 cover any shortage by the
son. In is said that though Paris I
Brown has voluntarily offered his en-
tire property 10 meet his obligation
not more than 10000 can be realized
from this source. The examiner stat
1 ed that while he had been named al
temporary receiver. the appointment
OF a permanent receiver was in th'
hands of the comptroller of the cur
rency.
The stock of M value.
The stock he SAYS. j. of no value. n
a double liability assessment must be
made Depositors may receive a divi
dend as soon a. the comptroller o
the currency will authorize il. bu
this may be weeks and even months
\ Dcpo<itors will be notified of tn
amounts TO their credit and they vii
be required to make proof of thei
claims.
VIII Make Thorough Examination
Examiner Tucker said he would EN-
ploy full force Of clerks 10 arrang
the business of the bank and max
every effort To collect all the debt
due the bank and in every way dis
cover the banks exact condition. bu
until that time he would not max
positive statement a. 10 the eNten
Of the liability beyond that il nov
appeared "a be $4,000.
Corporations That VIII suffer.
The bank was the depository Q
nine building associations and Of tn
adjoining corporations of Bellevu,
Dayton and other towns. a well a
81 about fifteen hundred individual
and firms.
There are no indications Of an nc
complete or Of anyone knowing abou
Browns departure or destination.
TEMPORARY RECEIvERsHIP.