Show S The Broken BanL flDDLlrOWS N Y November 2S The bank examiner George T Way of Washington is now in possession of the Middletown National bank President Presi-dent King takes all the blame on himself him-self In July lost the directors notified King that Browns credit must not be extended but reduced King disobeyed the instructions and broke the bank The record of acceptances of Browns drafts on the bank was kept by King in a book in his possession and concealed from the officers So far as known more than 200000 of such acceptances are out It is the opinion of the best informed that the entire capital and surplus will be wiped out The run on the savings bank here drew 20000 today to-day The bank solvent and ready for is any emergency President King home very ill It is not thought here that he has profited by the crooked transactions but he was infatuated with Brown Browns operations were very heavy As much as 500000 of his pap pa-p r was handled by the bank in a single week |