Evening times-Republican., 1903-10-24
LO0KER-ON in IOWA.
. 9s>ses8ee:eas4e~s.aesoo-.es

Iowa FAILS. Oct. 23-The defalcatioh
of Cashier Soule, Of the Home Savings
Bank of this place. continues to be an
lgteres ting subject or conversation.
While The bank stockholders Will lose
some s30.000. ut no time has there been
any run on the bank or any uaeastaess
or the Tart Of the depositors, for these
stockholders arc worth In the milton
figures collectively. ani II an assess
ment OF twice the amount Of their stock
was made on them. while they would
no; enjoy the operation. II would noe
seriously incommode hnS u them
MANY citizens of other towns are In
ttrested IN knowing just how this big
steal could successfully be carried out
What follows partially explains II, and
| IS gathered from rehabie sou -ces. Ftrst
and foremost. Soule VAS implicitly
/ trusted not only By the stockholders
| and eisr-etorss Of the bank. hui by the
community IN general. TO his credit j.
! Placed the fact that he neither played
poker nor drank whisky. There are ~ :
unors of "a woman IN the case, but
they are Only rumors. 4Agair he WASH t
a sunday school superintendent and
gidnst work the pious dodge And as
lie Was lett entirely in charge OF lhe
hank. Was cashier, RECEIVING. ana pay
Ing teller as well as booiShe. per- II Was
easy for him 10 borrow IN q small way
FOR instance, one man deposited ssoo
| ii was 50 entered on the depositor'
pass book The entry Oh the banR
books was 80, and as he was always NJ
the hank Ii this depositor checked ou'
or drew out his balance Solie paid thi.
mans cheek cut of his own pocket
book. Up TIN Within the last fe"
/. months he took good care OF the bank
, business where they sold or used eS'
,ehange, but culiously re WAS recKles!
ienough finally to oseraraw on thes'
banks and allowed said drafts 20 so Z
Iprotest And this led TO fis exposure
And now it is known thnt he adde'
7 Iforgery to his other acts one note !
! IN the possession OF the bank OF va
: a. the time OF the exposure, for s3,2oe
THE maker of the note only signed
5 mote 70. $2oo. All the above explain
Why he was enabled to fool thS banl
1. examiner on his periodical visits q
welt as the directors III he exanlna
, lions. one citizen here says the re
: port OF the bank examiner on ms ias
visit showed a splendid coalition OF az
fairs: In fact showing IL renarNabi
: soulld condition OF flnsmcial invest
: ments and resources.
n His outside operations now are com
4 ing to light. one woman here mourn
fhe lass Of a thousand dollars loane
hlm on his personal note.
! A man owing a sS.oo0 mortgage lei
the money with Sonle to pay II or, an
AZ the same time executed a new not
and mortgage To borrow about u
e same amount from some parties dow
$ aast Soule not only failed 10 cane
y the old note and mort;sage, but SO
the new note and mortgage aud kel
the money for the whole business
i soule bought and presumably "a
J. Tor s4.lo0 of mining stock He sent IN
20 stock 10 the Weare Commission Soh
- nany to be used as collateral again
his deals on the board OF trade. -
/. he also gave a bill OF sale Of this niI
t.o stock to secure a loan Of money
! party here in town. II can pc su
~ posea that the loaner of the mon
ae falt secure. and so did the Weare Cor
rs mission Company, bat the owner OF I
of mn az sale got the stock after son
ii ro,,respondence Soule has turned ov
90 - the bank everything that he
ye known 10 be IN posses sion or even
- his home. his Wife signing the ae
with him. Since then she has COZ
menced suit 10 have the transfer ma
nu!l and void, claiming several thin
81 her lawyers VIII SHOW IN court AS
n moral to be drawn. about the only 0
to is fer bank examiners and bank dlfe
tors as we'll as communities TO
more careful in allowing any man
an dc business on his personal rsputatl'
a - w