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ANOTHER BANK FAILURE Farmers & Drovers Bank of Seymour Closes Doors after Cashier Gets Away With Thousands. There is considerable excitement in Wane county over the failure of the Farmers & Drovers Bank, at Seymour, last Friday, after the cashier, Leroy Ware, confessed that he had been looting the bank for the past eight years and his shortage would run anywhere from $50,000 to $100,000. The bank was considered one of the strongest financial institutions in southern Iowa, having a capital of $80,000, and deposits of over $200,000. The stockholders are among the wealthy citizens of Wayne county and it is reported that the loss will not fall upon the depositors but will have to be borne by the stockholders, as they are liable for double the amount of the stock they own, which would make them liable for $160,000, which will cover the shortage of cashier Ware. The state bank examiner was at Seymour on Thursday and when he checked up the bank the cashier reported large sums on deposit with banks at Ottumwa and other places, but an investigation showed that they had no money there. The defaulting cashier is a young man of 35 years of age, who has been connected with the bank for sixteen years. What has become of the money is not known although it is reported that Ware and several other Seymour parties have been speculating on the board of trade and dropped considerable money. Ware's system was to receive time deposits and issue certificates but make no entry on the bank's books, pocketing the money. This has been going on for eight years, as he had the full confidence of the stockholders who supposed everything was all right. Among the stockholders is Judge H. K. Evans and several of his relatives who will suffer a big financial loss. The bank was beseiged by depositors who demanded their money, but none are being paid, as it cannot yet be told just how big the shortage is until all parties holding certificates of deposit report to the bank. Ware has not been placed under arrest, but is being watched carefully as it is feared he may commit suicide.