Article Text
Suspension of a Louisville Savings Bank. From the Courier-Journal of Wednesday. An official announcement of the directors of the Central Savings Bank in our advertising columns this morning will astonish the public. In consequence of the discovery by the new board of directors of irregularities and deficiencies in the amounts of the cashier, Mr. C. C. Rogers, that person was removed, and a partial investigation of the accounts leads to the impression that, while sufficient means will be left fo pay all depositors, a large portion of the stock of the bank will be absorbed. Under the circumstances the directors have felt it their duty to suspend operations. ascertain accurately the condition of affairs, and then determine as to their future course. It is understood that the bank holds a considerable amount of the paper of the wholesale liquor house of Heath, Smith & Co., a large portion of which is in overdrawn and certified checks, and that the embarrassments were largely occasioned by the irregular dealings with the cashier of that house, all of which was unknown to the president and board of directors.