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BANKERKEAN'S BREAK Himself and His Cashier De- Arrested by Indignant positors. He Claim Received They Money Knowing He Was Insolvent. Two Murderers Out of a Trio Executed at Columbus, Ohio. Arthur Hoyt Day Hanged Wife at Welland, Ontario, for Murder. doing CHICAGO, Dec. 18.-S. under A the Kean name of business assignment a banking Kean & Co., made morning an to BenS. A. county court this arranged for last jamin in the F. Jacobs, as and liabilities were night. The assets assignment, in addition Kean's not stated. The interests of Mr. of to the banking in the language personal estate, and banker came down attorney the with but $10 in his his this morning in the world. and in the pocket, town all he Evanston possessed and all real estate asbe His home in elsewhere is now converted into signee's here hands benefit to of creditors clerks Assignee cash for Jacobs the now up has the a force assets of and for 11 at work figuring Fenneil, attorney is abilities. banker, Mr. says that steady the drain failure for on the the result of a the institution the finances of weeks. Reports circulation detrithe past the two bank got into and while mental the to first of the month, withdrawal of since, about no run followed resulted. and a steady has continued ever funds finally exhausting Bank's Resources. The has been withdrawn were Over $200,000 time. While there they during that in the bank, present plenty not of marketable securities without under the sacrificing were conditions Kean. in the monetary a course which Mr. refused to do. them. of his depositors, the assets are Mr. interest Fennell says liabilities that in full. nothing He ample to that pay the the bank had lost It is exdeclared investments. and through that bad statement to-morrow. of assets W. the on bank pected liabilities will be deposited made money in this the out warrants W. Royer, who 5th and 17th instants, for the cashier. afternoon of Mr. took Kean and receiving his money was bank arrest George B. Warne, for known to be insolvwere prevalent ent. when All the sorts of rumors and creditors crowd of depositors One story in who the thronged the that corridor. at 7:30 o'clock was to the the effect bank officials had securities shipped last night $44,000 worth of rumor Cashier to New York Warne was told of this have by reporter. The Cashier's Story. "must "That out story, of the fact said $44,000 that he. vesterday of bonds we of grown New York Wis., for the acsent city to of Superior, the comptroll us the of Louis Larson brought count that town Mr. Larson We refused to of yesterday sent them Exchange the bonds them. and at his request National take to the American York to be sold for the not one Bank of New This bank had the city of cent's Superior. worth of interest in bonds. Methodist m inisters escaped of the loss, city The have generally are underseem to or three of them for small though two have been caught one of stood to Formerly almost with every Kean, but rumors sums. kept his account impending disaster withdrawn them of the their balalso on almost had Book Concern but ances The account Methodis with the bank house, with kept when its Mr Preston W left the McDonald, of man- the drew its money bond department is not reof ager of said the that department He says that bank, sponsible for the $30,000 failure. made last year on capital and $60,000. embarthen?" tween What $50, was the cause of the J. Mc rassment, Speculat Caused W. It. George B. Warne, the asand present Cashier Herbert Hammond, when this sistant Donald cashier, were From the joint is tate- due ments question made was by put them of the the manager failure and to to to tendency securities than on deal in loans specula by favor, rather The liabilimake good financial of principles. several small bankers, amounts and ties consist due to city about 800 or well the secured, deposits. with There sums are varying their credit from 900 depositors. to $300 or less to and chief stock$10,000 is president Deposit Vaul Mr. Kean the Home Safe he has turned holder in and this stock The company the over company to the assignee continue in business. remanager compla jaint of A. S. $225 Leckie. in the On who deposited vesterday afternoon, porter bank at o'clock to-day entered Kean an order and Judge Scales ination of Mr. affairs for the exam Jacobs, touc ing the responded Assignee Assignee Jacobs himself failed respond. the bank citation but Kean that be was ill Evanston to the citation it being said The hearing at to his home in afternoon, when Atrorney the came up this for Leckie, addressing an order diLevy Mayer, said that he wanted hold as trust court, the assignee to in the bank recting moneys deposit the failure Mr thirty fund days prior he would to also ask for of Mr. an The for order Mayer for said the imi mediate court presence of entered the the Kean court also granted an order The latorder and of the assignee. and the examwas ination begun ter examination cheerful consented, in one of the jury Assignee rooms. According to copies investiga made by tion, the Jacobs exclusive during the of Mr. Kean's personal ximately estate, assets, would aggregate liabilities app $1,400,000, and the Jand scrip and $1,353,000 The assets consist stock of of the Home $31, Sevalue) curity notes, $37,000 Vault company $10,000: (par municipal and 500; other $2,000; stocks, bank furniture $57,000; warrants $10,000; cash on hand, $200,000 fixtures, eivable (actual value) for loans bills deposited as security The liabilities bonds from banks, due $1,000,000. depositor and deposited $900,000 are $500,000 bonds close due banks Mr. on Jacobs is as a indifor loans. of Mr. Kean and said he defriend his friendship. he although he cating posited knew the $3,600 bank Wednesd was in shaky condi
