The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-05-15
SHORTAGE IN
BANKS FUNDS
Former Cashier DuHadWay
Appropriated S16,50O to
His Own Use.
FULL AMOUNT MADE UP
SHORTAGE AT FIRST NATIONAL
BANK DISCOVERED LAST DE.
cEM1ER, BUT JUST MADE PUB.
LISA STATEMENT.

Though the officials of the bank
have been aware of the fact for more
than four months, publicity was not
given until yesterday that Charles r.
DuHadway for thirty years or more
an attache of the First National
bank and for several years its cash.
ier, had appropriated to his own use
funds to the extent of s16.500.
1t was because of the fact that the
shortage. discovered last December,
had been Immediately made good.
the bank being reimbursed every
penny. and the additional fact that
the banks officers had no desire to
bring about criminal prosecution,
that the matter had not gained pub
licity.
Statement Issued.
Yesterday 1t became generally
known that the federal grand jury
which adjourned at Indianapolis last
week had in all probability returned
an indictment against Mr.. DuHadway,
whose whereabouts at present is un-
known. it is asserted, by family or
friends Various stories were set
af1oat and the directors of the First
National bank issued the following
statement.
To the Public.
In view of the circulation of axager.
ated reports concerning an unfortu-
nate circumstance connected with the
business of the First National Bank,
some of which reports we regret seem
to be circulated with a purpose to in
jure the bank, the officers deem it
proper to make to the public full and
true statement of all the facts however
we wish to say and to have understood
that because of our consideration OF
the feelings of the family of the form
er cashier, who alone is responsible
| for the shortage as explained herein
after, and whose written confession we
have and the further fact that every
dollar of the shortage was made good
to the bank by actual payment thereof
| to the bank, promptly, without hesi-
| tation and before the bank was again
opened for business after the discov-
cry, we have had no disposition to adj
wise or institute any prose cution. IL
there shall be any prosecution IL will
be because the United States officers
deem it their duty and not because OF
any action on our part.
| We wish it understood distinctly
that there was no tampering with the
books of the bank, no falsifying OF any
book or entry In it's account but the
shortage discovered and repaid inyolv-'
ed only the lifting of cash held as re.
serve.
The following is a true and full
statement of the facts. On the even
| ing of Saturday December 23rd, last
it was discovered that there was a,
shortage of Sixteen thousand five hum
dred dollors (s16,500) in the cash OF
the bank On Tuesday 26th, the first,
day for the transaction OF business at
| ter the loss was discovered, (all the
banks being closed on Monday Christ,
mas day. 1t was made good in full by
Caroline NJ. Reeves, Mary T. r.
Foulke and William Dudley Foulke,
who represented the largest interest
among the stock holders of the bank.
The former cashier of the bank was
responsible for the loss and no other
person onnected with the bank had
any knowledge of it.
| The directors, as soon as they had
ascertained the facts at once notified
! the Comptroller of the Currency at
Washington, who sent here special
examiner to make a thorough examin-
alton of the books, assets and secur-
tiles of the bank, and found all in
excellent condition. He stated this to
! Continued on Page Four)