Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1908-04-16
OFFICERS AND STOCKHOLDERS
or 5ELLEWLLE BANK WILL
MAKE UP LOSS.
FURTHER EXAMINATION DIS
CLOSES THAT DEFALcATION
AGGREGATES $4,000.
STORY coNFE8sEs TO JUGGLING
Madison. April /

Madison, April Is.
President S. E. Miller and the other
officers and stockholders of the Cit
izens' state Bank of Belleville held
meeting yesterday and decided to
make up the loss occasioned by the
defalcations of Cashier e. c. Story,
50 that the depositors have no chance
to lose After the stolen money has
been made up, the bank will resume
business.
Commissioner Of Banking Bergh
was in BeIlevilIe yesterday. He has
placed Examiner Milo Hagen in
charge Of the bank. Examination of
the books continues and it is said to
have disclosed that the defalcations
will not be less than $4,000 Story
is still in critical condition, but his
physician says he will recover. He
took corrosive sublimate with suicidal
intent, but the poison was mostly got
tun out of his stomach before the
damage vas done.
Admits Juggling of Funds.
Ia a note written by Story md ad-
dressed to President Miller, the cash
Ter confessed that he juggled funds
belonging to the bank in the sum of
about $4,000 and that he suffered a
great deal of mental anguish for the
past two years. The latter declara-
tioa is taken by the authorities as an
indication hat Story commenced the
the Juggling of the banks money two
years ago.
The examination Of the books in the
bank was continued yesterday and I'M
til this work is completed the exact
amount Of the defalcat1on will not be
known.
Story was under the surveillance of
Deputy Sheriff G. NJ. Kanouse yester-
day. Although he is still quite i'll he
is expected to get well.
District Attorney Mason and Sher-
iff Kittleson went to BeIlevillo yes
terday afternoon. Mr. Mason's mis-
sion was to investigate the criminal
side of the case The sheriff swore
in deputies to watch Story so as to
relieve Mr.. Kanouse, who returned to
Madison last night
Mr.. Mason directed that Story be
not disturbed until he is out of danger.
He will then be brought to Madison
and taken before Judge Donovan of
the municipal court warrant for
his arrest will be issued within a few
days.
Depositors Feel Easier.
Il is understood that some of the
residents of BeIleviIIe professed not
ts he surprised by the revelations.
There was much excitement among
the depOsitOrs when the defalcation
became known, but the announcement
that the stockholders will make good
every cent that has been defauIted has
had a quieting effect.
Ut IS still not clear for what pur-
poses Story used the stolen money.
Ose report is to the effect that he
leaned it to a cheese firm. 1t is also
said that the biggest bunch of the lost
money went in a real estate deal in
watch Story was victimized
Story was bonded for $4,000 by a
surety company
1t is said that he kept two sets Of
books, one of which was for his own
beUefit.
Over a year ago Commissioner
BeTga called the attention of the bank
directors TO Story's loose methods.
Story received an annual salary of
SSsa His daughter, who is 81 years
old. is a graduate of the Art Insti-
tae in Chicago.
story yesterday transferred prop
eEty in Beueville over to the bank, the
consideration in the deed being given
AS 81 800.