The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1920-12-20
ROWLAND CASE
SET FOR DEC. e
Barre Bank President to Be
Given Hearing in ~
City Court
ARREST CAUSES
BIG SENSATION

Five Counts in Complaint Filled by
States Attorney, Each Charging En-
bezzlement of Bank Funds-Hearing
on Receivership Set for Jan. .
BARRE, Dec. 20.-Frank q. Howard,
president of the Barre Savings Bank and
Trust Co.. who was. arrested Saturday
on a charge of embezzling $25,9S0, was
released on bonds Of $1,000 that after
noon. The case Will come up for hearing
in city court Dee. Is.
The jurisdiction of the local court eX-
tends merely to the acceptance Of a plea
of guilty in a charge of this nature or to
the waving of hearing and carrying OF
the case to county court. The local court
has no jurisdiction to try the case.
There are five sections in the complaint
as brought by States Attorney Davis,
each of them charging Mr.. Rowland with
embezzIement and conversion of money to
his own use. The amounts named. III the
five sections are: $1,000, alleged to have
been embezzled on oct. %, 1920; $3.50,
alleged to have been embeZzled on Sept 5,
1920: $4,000. alleged to have been en-
/ DtLLltN Oh NOV. - lD=V gAa'Dfr HaA-5NA
to have been embezZled on April Il, 1916.
The complaint does not specify any par
| ticular moneys held in the bank and
States Attorney Davis declined to am
plify the complaint i'm any particular. Nor
would he say whether the amounts named
i'm the complaint represented the entire
findings of the receiver of the bank as al
legged to nave been embezzlcds The re
ceiver has not yet finished his examination
of the accounts of the II
Mr.. Carpenter. as state bank examiner.
closed the bank on Nov. -. last, and the
following day was appointed receiver.
Since the latter day he and his assistants
have been going over the accour1s of the
bank. much of the time with the assist
ancp of Mr.. Rowland. The closing OF the
bank was brought about following a run
on the institution for two days prior to
that action. The bank met the ran f7r a
time and then invoked the law requiring
dppositors to file notice of their desire to
withdraw. after which the state bank com
! missioner tack action as stated above
\ hearing is set for Jan. ,, 1921. before
| Judge s. C.@Nilson at MOntpeIier for the
bank officers. Frank 6. Rowland as presi-
dent, and NJ. b. Clark as treasurer. and
J the bank, to show cause why the receiver
lship shouId not continue.
The Barre Savings Bank & Trust Go.
| has been an important factor IN the imam
cial. commercial and industrial life of
Barre for nearly 80 years and Mr.. How
tland.- It's prksideHt. has. been one of the
leity's most prominent citizens for mora
than % years. The bank was chartered
in 1892 andIc6Hnlpneed business in Barre
the following year, with Mr.. Rowland
serving as treasurer. Mr.. Rowland was
lone Of the charter members Of the bank.
having been ut the time connected with
the National bank Of Barre. to which he
came in 1885 as teller following his grad
uation from Montpelier seminary.
The last financial statement of the bank
on July II 1920. showed resources Of
S2.223. 5S2&2. with savings deposits of
S1.33G,910.43 and commercial deposits of
S2gj.324.3T.
Receiver Carpenter made q pJblic as
%sertion recently that he had reason to be-
leve that the assets of the bank would be
realized on to a large extent and he ad-
vised depositors in the bank not to dis
pose of their deposit books at marked dis
counts.
Mr.. Rowland. as already stated, has
been one of the city's leading citizens. for
many years and the news of his arrest