Omaha daily bee., 1902-09-05


Arnold. "Mr. Chamberlain was a man Of
strong likes ana dielfkes. II be took a
fancy for a man he would TEND him 90 UNI
reasonable amount of money, notseven ex-
acting security. Blu Hf he, disliEedva man
and that man was absoiutsiy" reiiabis ann
able 70 pay back at the appointed time.
Chamberlain wouldn't lend him a cent. He
was continually helping his friends out Of
trouble. He conducted his business more
upon a sentimental basisS than upon a
purely business one He is impulsive. He
didn't know what he was going to do ten
minutes hence. He acted as the spirit Of
the occasion prompted him
Mr.. Arnold and others who have been
here investigating the afAirs OF the insti-
tuition do not attach any blame to the
state banking supervision. II know that
the banking department was after Cham.
berlain pretty hard for some things that
we're apparent in the examination, but the
true condition was not shown by Che books
and records" said Mr.. Arnold. The bank
examiners we're not at fault"
8. NJ. True, the clerk in the bank, is
also conceded to be innocent Of any
crooked work. He knew nothing Of the
true condition until after the bank had
closed and the Investigation made.
CnhmDeTihln ulhSipdttO NohotuChouAO "
ing his latter months in Tecumseh. He
showed interest in horse racing and II Is
said that he spent money freely. II IL
also talked around Teeumseh that ne paid
undue attention to women during the last
year or so.
The deposits in the Chamberlain banking
house we're ali Of small denominations,
made up mostly OF the savings Of farmers
and the poorer class Of citizens In town.
Some deposits ran up as high as $4,000 OF
"a 1000, but there we're not many that ex-
ceded 1000. Because Of the character of
the deposits the loss will fall particularly
hard. s.t IT,.
one Ansered DsbOsitOr.
p. 8. Jones, who conducts a restaurant,
became offended at one OF the other banks
in Teoumseh about a month ago, Withdrew
his money from the institution and depos-
tied IL In the Chamberlain banking house.
Immediately after the failure of the latter
Jones went before a justice Of the peace
and got out a warrant for the arrest of
~Bookkeeper True. Friends disBuaded him
from continuing the prosecution and the
warrant was never served. Jones feele
keenly the loss. for the deposit formed a
large part Of his fortune. It amounted to
about $1,000.
OF johnson c~ounty's funds $1,000 rts on
deposit In the bank and the county's only
security Is the treasurer's bond whose sur
eties. or nearly all Of them, are the stock
holders in the broken bank.
Riley Tucker sold his farm a few miles
south OF the city and put the greater por-
ton Of the money derived from the sale In
the Chamberlain banking house, pending
an Investment in a western ranch: The
deposit was approximately $2,1oo. William
Hinton. an employe in the electric power
house, had $500 in the bank. Rev. McManr
OF the Baptist church was caught for $3.50
and there are scores of others OF the sam'
nature.
Outside Of Tecumseh Chamberlain's rep
utation has not been 60 good, some people
having gone 80 far as to denounes him a'
{ .r!ekster. These accusations often found
their wal to the ears Of the banks de-
positors. but they were. not believed.
One Ugly story. s,-
Even the burning Of the -four mill sew
eral years ago did not shatter their con
fdence In the head Of the bank. Testi'
mony given in the hearing Of Miehae
Yorty on the charge of attempting to burr
the mill involved Chamberlain, with Law
yer osgood of Lincoln, to the extent, o
having employed Yorty to- do the work
Yorty said be was hired to set, 1aIe,to tn,
mill andh Observation-Disclosures and barn
He was told to- apply the torch to the frs
mill near the railroad track EAST Of tn,
depot. YOrtys got the directions 6onfuse'
i and by mistakes started the Are at the nrs
mill on cthe west aide Of the railroad. sta
ttionJ a the alleged plan been carris'
out successfully -Chamberlain and osgoor
would have been the benehciaries becaus
Of the insurance they held on the property
No information whatever has been fount
regarding Chamberlain Whereabouts an
no effort has been made to trace him sine
last Saturday. He is gone-that much !
certain-and It Is the general belief tina
the robins will be nesting long before h
returns. The bank that lived through tn
panic, that held the confidence Of its pa
irons for fifteen years. Is now in ruini
There are two other banks In Tecumee
and both are strong. They experienced n
trouble because Of the failure, In fac
their deposits began to increase the da
the Chamberlain banking house closed it
doors. 20
1t is impossible to determine who ar
the stockholders In the latter bank. Ger
tihcates Of stock were issued indiscrim
inatsly, without being recorded upon tn
books OF the bank. Chamberlain himseI
did not own a controlling Interest, but h
had complete and undisputed management
of the banks affairs. President. w. ]
Barton and Vice President f.. A. Taylo
were heavy stockholders. but they took n
part in the management OF the institution
1t Is said that Cashier Charles M. Cham
berlain Of the defunct chamberlain ban
Of this city was seen on the streets OF Lin
coin Friday afternoon Of last week. e. I
Jones. formerly Of Teeumseh. who now OF
crates a fruit stand at the corner OF o an
Eleventh streets in the capital city, say
ne saw Mr.. Chamberlain a his place {
business the day mehtion0d. Nj. chan
berlain left Tecumseh Monday and Ii
bank closed Saturday.
| CHURCHES MAY BE REUNITED