The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-09-13
100000 SUIT
FILED AGAINST
K|RLIN ESTATE
Kitterman Supplies Facsimile
OF Lost or Destroyed Bond
Which He Says Dead CASH
ier Violated.
IS TOTAL SHORTAGE?

Claim for 100000 has been filed in
wayne circuit court, by Claude s. Kit
terman, as receiver for the Farmers
bank, of Milton, Ind, against Emma
H. Beeson, Administrative of the es.
tate Of the late Lycurgus w. Beeson,
Omer Kfrlin and Irwin j. L. HarmeieI,
administrator of the estate of the
late Oscar N. Kirlin, who was cashier
of the Farmers bank.
The claim is filed on a bond exc
cuted to the bank by Oscar NJ Kirlin.
at the time he was appointed cashiet,
on which bond appears the names OF
Lycurgus Beeson, Marquis D. Beeson
and Omer Kirlin, father of the former
cashier. The estate of the late Mar
| quis d. Beeson is not made party 10
the claim because he has been dead
several years and his estate has been
fully administered and settled.
Says Bond Has Been Lost.
In submitting the claim, Receiver
kitterman reports that the original O.,
kirlin's bond has been lost or de-
stroyed. He submits what he says io
| facsimile of the bond.
The receiver reports that from the
time that Oscar M. Kirlin was appoint
| ed cashier of the Farmers bank, ur
to July 1, this year, when he com
mitted suicide, following an investi.
cation of his books by representative
| of the state banking department, he
violated his bond in the following par
ticulars:
First-That he illegally and unlaw.
fully took and appropriated to his own
use the moneys, notes and bonds of
the Farmers bank, in excess of $50.
| 900.
Permitted overdrawn Accounts.
Second-That he carelessly and neg
| ligently permitted various customers
of the bank. each of whom he knew
| to be insolvent, and who is still In
| solvent, to overdraw checking ac.
counts to an aggregate amount In
excess of $4,000, and to the damage
| of the bank in a like amount.
Third-That he carelessly and neg
| ligently loaned money of the bank on
their unsecured notes, or without suf-
| fcient securities, the securities and
persons in question being insolvent.
and SO known to be by Kirlin, to an
aggregate sum in excess of $4,000,
and to the damage of the bank in a
like amount.
| 1t is stated that the bond Kirlin
executed to the Farmers bank obli-
gated his bondsmen for the honest
and faithful performance of his du-
ties as cashier and to account to the
| bank for all the moneys, property.
books, papers and accounts of the
bank that might come into kirlin's
hands as cashier.
Bondmen's Action Awaited
What action the bondsmen will take
on the claim which has been filed
against them by Receiver Kitterman
is not known. In his complaint the
receiver asks authority of the court
to file suit, in the event the parties
to the claim refuse payment.
In September, 1919, state bank
examiner discovered that Oscar NJ.
Kirlin had no bond as cashier of the
institution and. it is stated. Kirlin was
| instructed to provide necessary bond.
1t is also stated that in February
Of this year the state bank depart
ment was informed that Kirlin had
filed the required bond. Following
his death, however. an effort was
made to locate this bond, but without
success.
| Represents Total Shortage
Although the receiver does not so
state in his complaint. it is the gen.
eral understanding that the claim for
100000 filed against the Kirlin es-
tate and against his two bondsmen
represents the total bank shortage.
Last week Mr.. Harmeier, admins
traitor for the Kirlin estate, filed an
| inventory of the estate showing it's ap-
praised value to be S19,229.
This included, however, a number
of stocks with total par value of
approximately $7,700, but listed as
valueless, and other holdings. the val
ues of which are considerably below
par.