| Show I MAY REOPEN BANK Stockholders Propose a Plan to Open the Doors Cincinnati 0 Nov 20The reorganization reor-ganization plan which the stockholders are UTconslder at a meeting to be held Wednesday afternoon appears likely I I to be adopted The stockholders are liable to 100 assessment on each share I of stock which would be a total loss if I paid and the banks affairs wound upI up-I The plan Is to make the assessment lHi per share producing ll5000 and Using the 550000 surplus with that to wipe out the defalcation and preserve the I life of he bank Bank Examiner Tucker says If I this money is raised the bank can Immediately open Its doors and It Is understood the larger depositors deposi-tors are willing to have that course taken United States District Attorney Hill Who was expected to arrive In Newport today to Jodk after the Institution of criminal proceedings in the case of the perman National bank has not yet appeared ap-peared and until he does come nothing can be done In this direction Temporary Receiver Tucker today opened the doors of the bank for the purpose of receiving passbooks of depositors de-positors and any money due the bank Experts report today that they have so far found a shortage of 195000 In the accounts of the missing cashier The clerks of the bank who are workIng work-Ing I with Mr Tuckers experts today I discovered another plan operated by I Brown When a check was entered I October 31st for 315 he entered It as 3003I5 and got the benefit of 3000 On the same date he put 2 in front I of an entry of 150 and got 2000 more The experts say that Brown repeatedly credited himself with 1000 2000 and 000 deports when he did not 1 eftosit ahyihlug TJtft ttfolt6Utr that amount soon afterward Browns books show that he did not strike for sums loss than 1000 In any of these transactions transac-tions The first suit brought In the case of the bank was Instituted today by Receiver Re-ceiver Tucker It was In the nature of a blanket attachment on all the property prop-erty of Frank M Brown and Is to cover cov-er 20000 of the shortage This amount Is alleged to have been taken within the past twelve months and includes the first items discovered In the shortage short-age The suit alleges that Brown as assistant cashier fraudulently got possession pos-session of the money and departed from the State with Intent to defraud hiy creditors All that he Is known to possess pos-sess will be attached at once The attachment at-tachment garnishees whatever of Browns funds may be In the hands of Thomas B Collins and Edward Smith and they are made parties to It Collins Col-lins Js the reputed partner of Brown in the Blrchwood distilling company and I Smith was his partner In a patent bicycle bi-cycle lamp No action will be taken against Paris C Brown as bondsman for his son since he and his wife are taking stops to deliver de-liver to the bank directors or to the receiver portions of their tangible property prop-erty |
