German National Bank in Hands of Examiner
Newport’s leading financial institution will not open for business today as Frank M. Brown is charged with a defalcation totaling about 191 000 dollars. Examiner Oliver P. Tucker assumes control and United States authorities may take charge for creditors and depositors.
MENTIONED IN THIS ARTICLE
Newport
German Sake Bank of
Oliver P. Tucker
United States Comptroller of the Currency
Tucker
United States
E. C. Remme
Commercial Tribune
Brown
Frank M. Brown
German National Bank of
Newport, Ky
Depository for Small Savings Faces Suspicion of Theft
The German National Bank held funds for nine savings societies and city bodies including Bellevue Dayton Newport Public Library. Brown, secretary treasurer of the Alexandria Turnpike Co, is under scrutiny as investigators seek to determine if any company funds were misused. Brown denied comments after the meeting as witnesses noted routine deposits and family ownership of much Brown property. Some friends suggest Brown fled, possibly to China, with no extradition agreement.
MENTIONED IN THIS ARTICLE
Brown
Alexandria Turnpike “Company
German National Bank
How the Books Were Manipulated at the Bank
After days of work experts uncovered how Brown, assistant cashier, tampered with ledgers to hide a $191,000 shortfall. He forged deposits in the individual ledger, then hid the true amounts from the general ledger, only the deposit slips matched, leaving bank officials and directors stunned by the loss.
MENTIONED IN THIS ARTICLE
Brown
A Little Bank Strong But Shaken By Defalcation
Auditor Albert Silva affirms the bank can pay all liabilities and the city business community backs it. Paris C. Brown, the veteran steamboatman, mourns at home as his son faces embezzlement charges. Directors meet with Mr Tucker present as depositors listen in silence to grim news.
MENTIONED IN THIS ARTICLE
Paris C. Brown
Brown
Michael Wintsel
Robert
Wintsel
Mr. Silva
Mr. Brown
East Third Street
Tucker
J.M. Southgate
J. M. Foster
Cincinnati
Ulrich Bauer
Walnut Hills
Henry Weidner
J. P. Wakeman
E. C. Remme
John Freis
Louis K. Marty
John Todd
Alexandria
Michael Winster
Paris C. c
Frank M. Brown
Third Street
Depositors' Confidence Crashed By Bank Defalcation
Officials claim depositors will not lose a dollar but many fear the loss may exceed the bank capital. Brown’s defalcation neared 191000, about one third of deposits totaling 650000. Examiners may declare insolvency. Brown reportedly left the country, authorities undecided on pursuit.
Brown confesses shortage to friend on train confession of bank theft
Brown admits to robbing the German National Bank at Newport. He travels toward St. Louis with a whisky salesman on the same train, torn by fear and remorse. He weeps as he explains the bank is gutted and his family faces ruin.
MENTIONED IN THIS ARTICLE
Brown
Newport
St. Louis
Odin
Frank
Accidental error sparked a large defalcation scheme
Brown claimed a $1000 error in his accounts led to a pattern of cash skimming. He and cashier Remme, the only ones with the safe combination, pocketed deposits surpassing $500000. Brown warned several merchants to withdraw their bank deposits before the scheme unraveled.
MENTIONED IN THIS ARTICLE
Brown
Remme
St. Louis
Planters’ Hotel
Louis Marx
Newport
Covington
Harry Spinks
Hypocritical Is Part Played By Van Wyck
Governor Roosevelt quotes three sides to the ice trust matter and defends action under the Greater New York charter. He argues hypocrisy in public figures who denounce trusts while holding stock. He notes courts must decide antitrust questions and cites delays tied to the ice company case.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Roosevelt
van Wyck
New York City
New York
Ice Trust
Chester
Ice Corporation
Inauguration Plans Stir Washington Speculation
Special despatch from Washington notes Senator Hanna has not yet appointed a Chairman of the Committee on Inauguration Arrangements. McMillan, head of the Senate District of Columbia Affairs Committee, is proposed as a capable choice to ensure a successful event and ease local tensions.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Washington
Hanna
Senator McMillan
Senate Committee On
District of Columbia
McMillan
Senator Davis Delirious After Brief Improvement
In St Paul Minnesota November 18 reports say Senator Cishman K Davis worsened after a brief improvement. Doctors note a very bad night with restlessness and delirium returning. vital signs include temperature around 100.5, pulse 106 to 116, and respiration 28.
MENTIONED IN THIS ARTICLE
ST. Paul
Minn
Cishman K. Davis
Stone
Weyler Denies Interview Report on Cuba Ouster Claim
General Weyler denies a Paris press claim that he told an interviewer he would have driven out the Americans from Cuba if he had remained there. The Madrid dispatch dated November 18 refutes the statement cited by Paris and the U.S. cable.
MENTIONED IN THIS ARTICLE
Weyler
Madrid
Paris
United States
Cuba
No Truth in Rumor of Helena Zimmerman and Duke Wedding
Cable from London claimed Helena Zimmerman and the Duke of Manchester wed in London last Wednesday. Her father Eugene Zimmerman vehemently denies any marriage and says she is at sea aboard the Campania en route to New York. He confirms no engagement and says telegrams were forwarded to him.
MENTIONED IN THIS ARTICLE
Miss Zimmerman
Duke
Manchester
London
Zimmerman
Duke of Manchester
Commercial Tribune
Eugene Zimmerman
Helena
Hillsboro
Campania
New York
Cincinnati
Hanna Plans Expanded Role in Congress and Army Bill
Senator Hanna, rested after the campaign, plans to engage more in Congressional matters this session. He will stay in Washington from December 1 until adjournment and renews the Cameron mansion lease. He anticipates an army bill to establish a permanent force of sixty five thousand to seventy thousand men to maintain U S influence and replace returning enlistments by July.
MENTIONED IN THIS ARTICLE
Hobart
Cameron
Hannas
Congress
Hanna
Philippines
Will of Howard McCann Probed. Dogs' Care Fund Set
The late Howard McCann's will was admitted to probate in Lexington Kentucky. A striking feature provides for the care of his dogs with two hundred dollars set aside for that purpose.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Lexington
Howard McCann
Indiana Girl 10 Weds Russian Count in May 1901
Miss Gertrude Haynes of Bourbon Indiana, a girl from a small town, is betrothed to Count Ignatz Von Zerigochoff of a prominent Russian family. The marriage is planned for May 1901 in Indiana. The couple met at the 1893 World's Fair and the Count has pursued the engagement since, while she pursued singing in the United States.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Laporte
Ind
Gertrude Haynes
Bourbon
Haynes
Ing
Indiana
Conservatory
Miss Haynes
Count von Zerigochoff
Russia
United States
Officer Wounded in Columbus Burglary Arrest
In Columbus on November 18 Officer FitzGerald was fatally wounded? actually seriously injured by Charles Williams a Black man during a attempted arrest in the Bad Lands for burglary Williams slashed the officer across the face and neck with a razor and suffered minor cuts himself authorities reported the attack was serious with the officer in danger of death.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Fitzgerald
Charles Williams
Williams
Steel Works Billet Mill And Converter Resume In Joliet
The Illinois Steel Works billet mill and converter in Joliet resumed operations tonight after a three weeks shutdown. About 1,000 workers were recalled to start production again.
MENTIONED IN THIS ARTICLE
Joliet, WI
Illinois Steel Works
Also Mentioned on This Page
Frank Brown
The
Commercial Tribune Exclu
Sively
Mr. Tucker
Bani
Per
Mitted
Assistan
Ter
Ger
Man National Bank of
Tion
York Street
Kentucky
People’s Savings Societies
Bellevue
Dayton
Newport Public Libray
China
York
Ghrewdest
Albert Silva
City of New
Bank
Silva
Cur
Rency
Alvord
Defavulier
Senator Davis
Delirium
Helena Zimmerman
Lon
Don
Narragansett Pier
Toto
Ment
Evans
Mony
Mr. Zimmerman
Mt. Auburn
Cleveland, O
Uhr
Ignatz von Zerigochoff
House of
Diana Town
Chicago
Negro
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