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A BANKER'S SUICIDE. The Reason for it is Not Yet Made Plain. Richmond, Ind., July 6.-J. A. Spekanhier was today appointed receiver of the Commercial Bank of Hagerstown, Ind., on, application of Frank Mason. The liabilities exceed $100,000. while the assets are given at $750,000. Cashier John Bowman committed suicide last Monday and this action led to the present receivership. The reason for Bowman's suicide has not yet developed.
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BANK SHORTAGE CAUSED SUICIDE By Associated Press. Richmond, Ind., July 6-It is of ficially announced that only nine teen hundred dolars in cash has been found in the Commercial Bank 0. Hagerstown to meet the several thousand dollars of deposits. This condition, it is believed, accounts for the spicide of Cashier John Bow. man last Monday. President Mason says a receiver will be appointed. The deposits are two hundred thousand dollars. President Mason is here to ask for the appointment of a receiver for the bank. The assets are estimated itt. $65,000.
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RECEIVER APPOINTED For the Defunct Hagerstown BankAffairs In Very Bad Shape. (By Publishers' Press.) RICHMOND, Ind., July 7.-J. A. Spekenhier, of Richmond, appointed receiver of the Commercial Bank of Hagerstown, began his duties this morning. He estimates that it will take a year to straighten up the badly tangled was followed affairs. in Apparently the bank's no business. system Hagerstown people are bewildered by the failure. Many are entirely ruined, their savings of a lifetime being swept away. Practically everybody in that community had trusted Cashler Bowman who escaped his financial chaos through suicide. Government bonds on deposit worth $12,000 or more are missing.
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Bank Closed, Cashier a Suicide. RICHMOND, Ind., July 7.-J. A. Spekenhier has been appointed receiver of the Commercial bank of Hagers town, Ind. The liabilities exceed $100, 000, while the assets are given as much less than that amount. The cashier, John Bowman, has committed suicide, and this action led to the present receivership. Following the suicide an investigation was made, and only $1, 900 in cash was found. although the assets are believed to be nearly $75, 000. The reason for Bowman's suicide is said to be his shortage to the bank.
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Private Bank Deposits Missing. Sixty thousand dollars in United States bonds which had been deposited in the defunct Commercial Bank of Hagerstown, Ind., for safe keeping by private individuals is gone. The discovery was made yesterday, when an examination of the contents of the safe was completed. John Bowman, the cashier of the bank, committed suicide July 3, and the doors of the bank have been closed. J. A. Spekenhier, who has been appointed receiver of the defunct bank, places the liabilities at $157,715 and the assets at $64,880. There are 600 individual depositors.
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IOWA ONE OF SIX STATES WHERE GRAFT IS UNKNOWN. (Continued from Page 1). ey than any other enterprise in the state. Testimony is to be taken in all parts of the state. Nebraska. "Lincoln, Neb., July 9. - The recent decision of the Nebraska supreme court declaring the biennial election law unconstitutional may have the effect of stopping the investigation of graft connected with its passage. It was charged during the debate on the bill that a substantial corruption fund had been raised by office holders to insure its passage and so earnest was the protest that a legislative committee was appointed to make an investigation. "Another Nebraska graft case, a relic of the indictment of ex-Senator Chas. H. Dietrich for alleged trafficking in postoffices,still hangs fire in the federal court for the district of Nebraska. It concerns men of prominence, who It is charged, worked hand in hand with the former senator in the sale of postoffices and other federal appointments. The cases of Postmaster Mitchell of Alma, Postmaster Fisher of Hastings and Elliott Lowe, former member of the legislature, indicted jointly with Dietrich, have never come to trial. "The most recent graft inquiry in Nebraska concerns the illegal acquirement of homesteads and illegal fencing of government lands in the northwestern part of the state. Many men are involved. Thus far there have been but two convictions. The trials of the other indicted men will begin at the coming session of the court One of the latter is Frank Currie, a member of the lower house of the Nebraska legislature. Indiana. "Indianapolis, Ind., July 9.-Charges of "graft" are being investigated in various parts of Indiana. From Richmond comes word that the fraud charged against members of the city administration is being investigated by the grand jury. In Grant county expert accountants report that several of the county officials now in office and former officeholders have been found short in amounts of over $23,000. The officials deny any shortage "Investigation of the defunct Vigo County National bank of Terre Haute is progressing under instructions from Washington. If the insolvency develops the acceptance of $70,000 of government deposits when failure stared the officials in the face it may incriminate the entire management. "Cashier Bowman of the Commercial bank of Hagerstown. Ind., killed himself on Monday President Mason announced the bank must suspend, with liabilities of $150,000 and comparatively no assets. Kansas. "Topeka. Kan., July 9.-Kansas is in the midst of a graft investigation which will cover every department of the state. The legislature which met last winter appropriated the sum of $15,000 to be expended by the governor in ascertaining how the public money has been handled the last five years. Five expert accountants are now busy on the books of State Treasurer T. T. Kelly, and when they finish their work they will investigate the state school fund commissioners. "Since the investigation began it has been found the state treasurer has more than $1,000.000 on deposit in state banks which he is supposed to be drawing interest The treasurer and his friends deny this, and the investigation will reveal the facts. The failure of the First National bank, with more than $500,000 in state money on deposit, has complicated affairs to a certain extent. "The charges against the members of the state school fund commission are little more than intimations that they have misused the funds in their care. Minnesota. "St. Paul, Minn., July 9.-Not since the graft charges against Mayor Ames of Minneapolis and his conviction. together with the conviction of the chief of police a year ago, for municipal graft, has there been any graft scandal in Minneapolis that has become public. Wisconsin. "Milwaukee, Wis., July 9.-Today the Milwaukee graft hunting grand a jury will reconvene and early in the proceedings will vote several more indictments. "Twenty-one alleged grafters, nearly all big members of the county board of supervisors, are under indictment, awaiting the pleasure of the district attorney before being brought to trial. They are all involved in three deals, the letting of contracts for three portions of the work on a county building. "One indictment is for the alleged giving of $250 to a supervisor to secure bis.vote sale of county property
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ONLY 1,900 IN CASH FOUND. Cashier a Suicide and Receiver Appointed For Bank. Richmond, Ind. (Special).-J. A. Spekenhier was appointed receiver of the Commercial Bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $100,000, while the assets are given as much less than that amount. The cashier, John Bowman, committed suicide Monday, and this action led to the present receivership. Following the suicide an investigation was made, the affairs of the bank having been almost exclusively in Bowman's hands. According to a statement given out before the application for the receiver, only $1,900 in cash was found, although the assets are believed to be nearly $75,000. The reason for Bowman's suicide has not yet been developed.
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INDIANA BANK FAILS. Institution at Hagerstown in Receiver's Hands-Liabilities of Over $100,000-Assets Unknown. Richmond, Ind., July 7.-J. A, Spekenhier has been appointed receiver of the Commercial bank, of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $100,000, while the assets are given as much less than that amount. The cashier, John Bowman, committed suicide last Monday, and this action led to the present receivership. Following the suicide an investigation was made, the affairs of the bank having been almost exclusively in Bowman's hands. According to a statement given out before the application for the receiver, only $1,900 in cash was found. although the assets are be. lieved to be nearly $75,000. Th reason for Bowman's suicide have not yet developed.
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ONLY 1,900 IN CASH FOUND. Cashier a Suicide and Receiver Appointed For Bank. Richmond, Ind. (Special).-J. A. Spekenhier was appointed receiver of the Commercial Bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $100,000, while the assets are given as much less than that amount. The cashier, John Bowman, committed suicide Monday, and this action led to the present receivership. Following the suicide an investigation was made, the affairs of the bank having been almost exclusively in Bowman's hands. According to a statement given out before the application for the receiver, only $1,900 in cash was found, although the assets are believed to be nearly $75,000. The reason for Bowman's suicide has not yet been developed.
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# ONLY 1,900 IN CASH FOUND. Cashier & Suicide and Receiver Appointed For Bank. Richmond, Ind. (Special).-J. A. Spe- kenhier was appointed receiver of the Commercial Bank of Hagerstown, Ind., on application of President Frank Ma- son. The liabilities exceed $100,000, while the assets are given as much less than that amount. The cashier, John Bowman, committed suicide Monday, and this action led to the present receivership. Following the suicide an investigation was made, the affairs of the bank having been almost exclusively in Bowman's hands. Accord- ing to a statement given out before the application for the receiver, only $1,900 in cash was found, although the assets are believed to be nearly $75,000. The reason for Bowman's suicide has not yet been developed.
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Indiana Bank Fails. Richmond, Ind., July 10.'- - J. A. Speckenheir was appointed receiver of the Commercial bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $1,000,000, while the assets are given at $750,000.