Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1903-10-21
CASHIER IN THE TOLLS,
]. E. Leimer, Official Of Princeton
(Wis.) Bank Under Arrest.
ACCUSED OF FORGERY.
Declarations to the Extent of 100000
Are Charged-Institutio at Mon
tello Is Also Involved.

hartford, Wis, Oct. 19.-[Special.1 i
Arrested on a charge Of forgery, and
alged in Jail, J. e. Leimer, cashier OF
ahe Princeton (Wis.) bank and vice presi-
Sent of the bank at Montello, Wis, will
await trial on the complaint of Bank
Examiner Bergh. Extensive forgeries
and defalcations are said to have been
Nsclosed by q recent examination of the
1ooks by the state official.
The shortages are estimated at $4,000
and the money is said &c have been vast
Ed III stock and grain speculations. The
examiner and the bank at Montello will
Dot be allowed to open it's doors until
Ms condition can be determined. Many
FARMERS will lose heavily and there is
afuch excitement among depositors.
Leimer Is Well Known.
Mr.. Leimer is we'll known throughout
nhis part Of the state. and much surprise
B expressed by business men and &C
aaalntances at the sensational charges
made. lie is about 80 years Of age, was
isorn in Appleton and has always been
man of business. He comes of a wealthy
Sanity and married the daughter Of John
1srd, well-to-do stock shipper of Apple
1an. Mr. Leimer was employed in the
FIRST National bank of Appleton before
aesfer
Mr.. .Leimer, it is said after consider
able delay, acknowledged that there was
IN discrepancy in the books, but main
'iained that the amount was small until
some OF the evidence in the possession of
ftRe- examiner was shown him. when he
as alleged to have acknowledged that the
Bmount was larger. Further evidence
rxas produced, and at last they say Lei
laer admitted that the Princeto bank is
rEEyofved to the amount of $4,000. On
The strength of this statement and the
Fsidence already secured, it was decided
d hand Leimer over to the sheriff and
tdae bank was ordered closed.
Montello Bank Involved
Examiner Bergh stated that the con-
Nhtlon of Mr. Leimer's affairs and the
duplication of the bank at Montello,
made it necessary to make a thorough
investigation of the affairs of the latter
bank, and therefore the Montello bank
fwan not open it's doors until the officials
fafe satisfied that that institution is still
aEaund.
Leimer is said to have told the exam
fzbers that the money obtained by his ir-
Yfeularities was used in speualations,
saieffy in Chicago. Several Chicago
thT7ns are said to be affected by the forged
9saper as well as O number of the bank
ElseDostOrs who reside in this and other
sfaies.
Bank Will Pay in Full.
Persons who are familiar with the af-
Edazrs of the Princeton bank say that the
Bfpositors probably will be paid off in
Sail with money now on hand and that
dbe capital will have to be used in set
nang the debts resulting from the alleged
s9srged paper.
State Senator e. D. Morse is presi-
sent OF che Princeton bank, but he left
.lIs affairs entirely in the hands of Cash
Ear Leimer.
Anxious Crowds at Montello.
Montello, Wis, Oct. 19-[Special J.
A.This bank is closed by order OF the state
commissioner Of banking" So read the
DkacaFd on the door of the Montello State
bank. 4 crowd is gathered at the bank
discussing the probability of the depos-
EksEs getting their money back. Women
Eas well as men are among those seeking
hhaormation. as some had deposited all
their earnings and savings, having had
perfect confidence in the safety OF the
Aank.
Cashier Currie from the bank steps,
tx planned to the anxious people the stu
alton of affairs as best he could. and,
wAlle there was no demonstration, there
ere many anxious faces to be seen.
cashier Currie says that depositors will
ofceive every dollar and that business will
de- resumed as soon as the affair can be
Strengthened out. Mr.. Currie gives out
abe statement that the trouble was
aaused by the alleged issuing by J. e.
iseimer, vice president and stakeholder,
nc forged paper.
Known at Fond du Lac
Fond du Lac, Wis, Oct 19-TSpe-
asal 1.-The arrest of j. E. Leimer. cash
ier of the Princeton State bank, was the
talk of the men in business circles here
naaay. His reputation as an able bank
err had spread to this city long ago and
ahrough business relations he was known
well A few citizens interested fnan-
aaally are somewhat worried for the
safety of their deposits and will watch
with interest the developments in the in
!Eestigation.