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was made merely to would bank's affairs, and that not only the depositors be paid in full, but stockholders would lose little or nothSo confident of this was the asing. the Mechanics' Trust Company, signee, that it immediately assumed the obliga- the tions in the savings department of bank and paid off most of the deposi- the in full on demand. When bookkeepers tors of the Trust Company manke closely began to fade. Many discrepancies found, and the ledger of the savings were department had entirely disappeared. Thelatter circumstance aroused mnch but threats of prosecution few suspicion, brought Cashier Tillman forward a It days later with the missing book. took no deep investigation of thisledger show that all was not right. In many to it failed to balance by large amounts cases with the books held by the depositors. The ledger in many cases indicated that the depositors had overdrawn several thousand dollars, while the books the depositors showed conclusively of that they had a balance at the bank. these Major Tillman, when asked about see things, would merely say: "I will about it," and never could be brought to an explanation. Although this caused a great deal of adverse criticism. there was nothing thought to be wrong until about three weeks ago, when the assignee discovered an overdraft for about $5,000 charged against the account of the late L. Warren, formerly President of the L. bank. Mr. Warren has been dead has about eight years, and his estate been entirely settled: hence it seemed strange that the overdraft was allowed such to be carried on the books. That a tbing should have occurred made the inexaminer suspicious, and a thorough vestigation was begun, running back was to when Major Tillman made 1876, cashier. Developments followed fast upon each other's heels. It was the discovered that the old firm of Louisville Electric Light Company, Comwhich has been sold to the Gas for two years, was overdrawn about pany $5,000. It was discovered that other firms that had gone out of firms busiwere overdrawn and that ness which had assigned were overdrawn. No settlements seemed to have been made at all, and the total amount so carried on the books was upward of $50,000. Major Tillman himself is said to have been overdrawn to a sum amountalmost to $50,000. and some of his ing overdrafts run back for many years. of this looked exceedingly called black All Tillman, and the assignee for him for an explanation. He could loss upon explain, and seemed to be at a not what to say to excuse himself. The case so serious that his arrest was conwas templated at once. The assignee then he called on Tillman to disgorge what and had in his possession, and money securities to the amount of $13,were turned over to the Trust Com- dis000 In addition to these found crepancies pany. in the bank, it was Tillman had made way with a trust that fund left in his care. Mrs. R. B. Alexander, and Miss Lettie Alexander, wife and daughter of R. B. Alexander, City formerly cashier of the Falls had and Tillman's predecessor, the a fortune Bank, of $21,000, which was in keeping of Major Tillman. It with now transpires that he has made away $15,000 of this trust fund and diverted it to his own use. So high, however, was Tillman's standing and so influential his connec- to tions that the Trust Company feared that make these facts public, believing Tillman would either offer some explanation or that his friends and relatives would pay any shortage that should ex- at his bond. The climax came last, ceed however. Among the assets of the bank the assignee found notes aggrega$86,000, drawn on W. P. Johnson ting Co., the tobacco warehouse John- men. & When the notes were shown Mr. and he promptly repudiated them, son, suit was brought several days ago. Yesterday it leaked out that Johnson that state in his answer to Tillman would had loaned Johnson the make the money
