641d57daFull suspension, Books examined
Other: Cashier Edgar Carver allegedly absconded and embezzled funds; Department of Justice investigation followed.
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Closes National Bank. The Comptroller of the Currency has received word from B. E. Hiatt, national bank examiner, that he has closed the First National Bank at Rowlesburg, W. Va., on account of withdrawals of deposits following the absconding of the cashier. Hiatt is temporary receiver. The total resources of the bank are given as $86,854.49.
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CLOSES NATIONAL BANK. Examiner Finds Irregularities at Rowlesburg, W. Va. The First National Bank of Rowlesburg, W. Va., has been closed by National Bank Examiner Blanchard E. Hiatt, who today reported to the controller of the currency that serious irregularities had been discovered. Thomas P. Kane, acting controller, has appointed Mr. Hiatt temporary receiver. The exact losses of the institution are not known. According to the sworn report of the bank June 14 it had loans and discounts of $45,364: capital, $25,000; surplus and profits, $1,913, and individual deposits, $47,441.
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West Virginia Bank Closed. The Comptroller of the Currency received word from National Bank Examiner B. B. Hiatt that he has closed the First National Bank at, Rowlesburg, W. Va., on account of withdrawals or deposits following the disappearance of the cashier. Hiat is temporary receiver. The total resources of the bank are given at $36,854.49.
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West Virginia Bank Closed. Withdrawals of deposits from the First National Bank of Rowlesburg, W. Va., following the alleged obsconding of the cashier of the bank have resulted in the bank being closed by National Bank Examiner Blanchard E. Hiatt, the Comptroller of the Currency announced yesterday. Mr. Hiatt was appointed receiver of the bank. The sworn report of the condition of the bank for July 14, 1912, shows the following: Loans and discounts and overdrafts, $45,363.73: United States bonds, $10,000; real estate owned, $20,000; due from banks and bankers, $5,079.22; cash and cash items, $6,411.642 total resources, $86,854.59. The bank, according to that report, had a capital stock of $25,000, and individual deposits of $47,441.44.
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(Continued on Page Four.) RECEIVER APPOINTED ALLEGED THAT MISSING CASH. IER OF ROWLESBURG BANK TRANSFERRED SMALL FORTUNE. PARKERSBURG, W. Va., Aug fi. In United States circuit court here yesterday, Judge Dayton appointed J. H. Thomas, of Rowlesburg, receiver of the real and personal property of Edgar Carver, alleged absconding cashier of the First National bank of Rowlesburg, which closed last Wednesday OIL order of the United States treasury department. In the petition, Thomas asks Car ver to be adjudicated an involuntary bankrupt and charges that he embezzled a large amount of funds of the Rowlesburg` bank, absconding early in July. Also alleges Carver left debts aggregating twenty thousand dollars, having converted nearly all his property into cash and trans. ferred his bank stock before disap. pearing. Carver's present whereabouts are unknown. Thomas qualified as re ceiver yesterday afternoon, giving five thousand dollars bond. Carver is a member of a prominent family in Ritchie county,and was formerly en gaged in business in this city as a member of the Elletson-Carver com 1 pany.
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NO TRACE FOUND OF EDGAR CARVER Parkersburg, W. Va., Aug. 5.-Saturday afternoon there was filed with the clerk of the United States Court here a petition signed by three prominent business men of Rowlesburg, W. Va., asking that a receiver be appointed to take charge of the real estate and other property of Edgar Carver, who has been cashier of the First National Bank at Rowlesburg, but not until after he had converted most of his stock in the First National Bank into cash, and had also sold a large amount of other investments he had in various enterprises as well as some personal property and real estate. Some of his real estate, including several houses and lots he could not dispose of without exciting suspicion and these the receiver will take charge of as soon as he has qualified for the position, which was early this morning as his bond for $5,000 was prepared Saturday afternoon and will be filed with the district clerk immediately. In their petition to Judge Dayton the three petitioners, J. H. Thomas, M. H. Proudfoot and W. W. Shock allege that upon information and belief Carver has left the country after embezzling a large amount from the bank: that they desire to protect themselves and other creditors as far as possible and they pray that he be adjudged an involuntary bankrupt within a certain time unless he returns and defends the suit brought, in which case the bankrupt matter will proceed as ordinarily. It is further stated in the petition that it is believed Carver owns divers other debts aggregating something like $20,000, much of this amount being for merchandise and other living expenses, and part of it borrowed money. It is further set forth by the petitioners that Carver owes them, as follows. J. H. Thomas. $1,231.22, borrowed money; M. H. Proudfoot, $63.90, medical services; W. W. Shook, $30.79, for goods. Carver disappeared from Rowlesburg a short time ago and when an inspector from Washington made an inspection of the condition of the bank he found that its condition was very bad. He immediately closed the concern after making a report to the secretary of the treasury and a receiver for the institution was appointed. It has since developed that Carver is presumed to have juggled the books in such a manner that he got away with a large amount of the bank's funds. Carver was formerly in business in Parkersburg. having been connected with the printing concern of Elletson & Carver. now defunct.
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Start Investigation of West Virginia Bank An investigation of alleged irregularities in the conduct of the affairs of the First National Bank of Rowlesburg. W. Va., will be made by the Department of Justice. This institution is now in the hands of a receiver, and from information received by Comptroller of the Currency Murray. it seems that efforts to reorganize have so far failed. The condition of this bank was diccovered through the co-operation of State and Federal bank examining officials. Ten days ago a State examiner called the attention of the Comptroller to a relatinship, which, he said, he had found existing between the bank and a State institution. An immediate examination was ordered.
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NO TRACE FOUND OF EDGAR CARVER Parkersburg, W. Va., Aug. 5.-Saturday afternoon there was filed with the clerk of the United States Court here a petition signed by three prominent business men of Rowlesburg, W. Va., asking that a receiver be appointed to take charge of the real estate and other property of Edgar Carver, who has been cashier of the First National Bank at Rowlesburg, but not until after he had converted most of his stock in the First National Bank into cash, and had also sold a large amount of other investments he had in various enterprises as well as some personal property and real estate. Some of his real estate, including several houses and lots he could not dispose of without exciting suspicion and these the receiver will take charge of as soon as he has qualified for the position, which was early this morning as his bond for $5,000 was prepared Saturday afternoon and will be filed with the district clerk immediately. In their petition to Judge Dayton the three petitioners, J. H. Thomas, M. H. Proudfoot and W. W. Shock allege that upon information and belief Carver has left the country after embezzling a large amount from the bank; that they desire to protect emselves and other creditors as far as possible and they pray that he be adjudged an involuntary bankrupt within a certain time unless he returns and defends the suit brought, in which case the bankrupt matter will proceed as ordinarily. It is further stated in the petition that it is believed Carver owns divers other debts aggregating something like $20,000, much of this amount being for merchandise and other living expenses, and part of it borrowed money. It is further set forth by the petitioners that Carver owes them, as follows. J. H. Thomas, $1,231.22, borrowed money; M. H. Proudfoot, $63.90, medical services; W. W. Shook, $30.79, for goods. Carver disappeared from Rowlesburg a short time ago and when an inspector from Washington made an inspection of the condition of the bank he found that its condition was very bad. He immediately closed the concern after making a report to the secretary of the treasury and a receiver for the institution was appointed. It has since developed that Carver is presumed to have juggled the books in such a manner that he got away with a large amount of the bank's funds. Carver was formerly in business in Parkersburg, having been connected with the printing concern of Elletson & Carver, now defunct.
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Bank Examination Ordered. At the request of the Treasury Department, the Department of Justice yesterday began an investigation into the alleged irregularities in the conduct of the First National Bank of Rowelsburg, W. Va. Recently a bank examiner reported a peculiar relationship existing between this bank and a State bank. The bank went into the hands of a receiver, and an immediate examination was ordered.
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LIST IS MADE PUBLIC BOARD OF PUBLIC WORKS ANNOUNCES ASSESSMENTS FOR 1912. Valuations Increased on All Páblic Service Corporations Except Express Companies Who Show Decrease. Charleston.-The list of public service water, light and power companies, the bridge and ferry companies, the street railway companies, and the express companies, assessed by the board of public works for the year 1912, as well as the valuation placed on the same properties for the year 1911, has been made public. There was an increase in all these classes of public service corporations with the exception of the express companies, which decreased from $619,000 in 1911 to $616,500 in 1912. The value of the water, light and power companies increased from $3,008,182 to $3,212,992, the bridge and ferry companies from $1,883,500 to $1,940,000, and the street railway companies from $11,195,050 to $11,690,000. In the list of street railways there are some noticeable changes. The Fairmont & Northern Traction Company increased from $25,000 to $275,000, the Fairmont & Clarksburg Traction Company from $2,900 to $3,100,000. The absorbing of some of the companies was the cause of the change in valuation of some of the other companies. There was no increase or decrease in the number of bridge and ferry companies, and the increase in the valuation was but $54,000. Threefourths of this was due to increases in the valuation of the bridge connecting Charleston with the railroad on the south side of the bridge over the Kanawha river at Montgomery. The total increase of the water, light and power companies is $204,810. Thomas Is Appointed Receiver. J. H. Thomas, of Rowlesburg, W. Va., was appointed receiver of the real and personal property of Edgar Carver, alleged defaulting cashier of the First National bank of Rowlesburg, in the United States court at Parkersburg. The Rowlesburg bank was closed last week by United States Bank Examiner Hiatt. Thomas asked for appointment as receiver in a petition filed for the adjudiciation of Carver as an involuntary bankrupt. The petition alleges that Carver absconded as cashier of the Rowlesburg bank in July, and that an investigation of the bank's affairs revealed that he had embezzled a large amount of the bank's funds. It charged further that Carver left debts aggregating over twenty thousand dollars, and that he transferred all of his shares of the bank's capital stock and nearly all of his other property into cash before he disappeared.
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JACOVETTY CASE IS BEING TRIED IN THE FEDERAL COURT NOW SITTING at PHILIPPI. Two Women Who Entered Country After Deportation Get Ninety Days in Jail. Special Dispatch to the Intelligencer PHILIPPI, W. Va. Nov. 13.-The grand jury in federal court here today concluded its session and was'dis. charged. having returned twelve indietments. The session of the court to-day has been largely taken up with the trial of the so-called black hand case against Seacoora Dalesandroe, the offense originating in Wheeling S. O. Boyce of Wheeling is attorney for the defendant and at the time of adjournme.ru this evening the case was still on trial The case of the United States vs. Julia Carmody, alias Julia Loth. alias Julia Keller, charged with unlawfully re-entering the United States after deportation. Attorney John P. Arbenz of Wheeling appeared for the defendant and after the disposition of certain legal propositions adverse to the defendant. entered a plea of guilty and the defendant was sentenced to 30 days in the Ohio county jail. Judgment By Default. The several civil suits brought by C. L. Williams, receiver of the First National bank of Rowlesburg, to recover the 100 per cent assessment levied against the stockholders of said bank who had not paid said as sessment. judgement was taken and entered in default against the following several defendants, G. E Brown, W. W. Shech, J. E. Grever and J. H. Thomas. Pleas were made in the cases against C. W. Carrico, George Hays, G. W. Harvey and J. E. Rogers Mary Tiuhass, alias Maria Jwbaz. was sentenced to 90 days in Ohio county jail, for re-entering country after deportation. upon a plea of guilty. Charles Toth. indicted under the white slave law, pleaded guilty and was sentenced to four months in Ohio county jail. with the understanding that deportation proceedings would follow.