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Domestic News
July 25, 1889
Wood County Reporter
Wisconsin Rapids, Wood County, Wisconsin
What is this article about?
The cashier of the Malta National Bank near Zanesville, Ohio, embezzled $50,000, enabled by directors who left him in sole charge of the bank's affairs despite his speculative and gambling tendencies.
Clipping
OCR Quality
98%
Excellent
Full Text
One does not like to say "served them right" when the directors of a bank are robbed of $50,000. But there is a strong temptation to say it when they "direct" as they did in the Malta National Bank, near Zanesville, O. Their notion of directing was to make one man cashier, teller and man-of-all-work and leave the entire charge of the bank's affairs in his hands. As he was speculatively inclined and fond of poker he got away with some $50,000; and the fact that he took no more can only be satisfactorily accounted for on the assumption that there was no more to be had. There was nothing in the conduct of the directors to hinder him from taking all there was.
What sub-type of article is it?
Crime
What keywords are associated?
Bank Embezzlement
Malta National Bank
Zanesville
Cashier Theft
Directors Negligence
Where did it happen?
Malta National Bank, Near Zanesville, O.
Domestic News Details
Primary Location
Malta National Bank, Near Zanesville, O.
Outcome
cashier embezzled $50,000 from the bank.
Event Details
Directors left the bank's affairs entirely in the hands of one man who served as cashier, teller, and man-of-all-work. He was speculatively inclined and fond of poker, allowing him to take $50,000 with no hindrance from the directors' conduct.