Jasper County Democrat, Volume 12, Number 30, Rensselaer, Jasper County, 28 July 1909 — CASHIER LOOTS VAULT OF BANK [ARTICLE]

CASHIER LOOTS VAULT OF BANK

Takes Between $50,000 and $60,000 and Disappears, INSTITUTION BARS DOORS Tipton, Ind., Financier Leave* Note Saying That He Ha* Gone Forever and That He Had Taken Enough Money to Pay Hi* Expenses—Told Wife That He Intended to Visit His Father and Mother In Indianapolis. Tipton, Ind.. July 27. —The First National bank of this city, one of the old financial institutions of northern Indiana, is closed and its assistant cashier, Noah R. Marker, has disappeared, taking with him between $50.000 and $60,000, which was all the cash there was in the bank’s valuts. Marker, after sweeping together the money, set the time lock on the safe so that it could not be opened for for-ty-eight hours } and left the city. , He told his wife he intended to visit his father and mother in Indianapolis. He left a note on the desk of his brother, William Marker, cashier of the bank, saying that he had gone forever and that he had taken "enough money to pay his expenses.” Whether or not Marker had previously taken money from the bank’s funds and had covered up the defalcations by making false entries in the books cannot be known until the arrival of a national bank examiner. The directors decided to post the following notice: N. R. Marker, assistant cashier of this bank, has absconded with all its cash. The treasury department at Washington has been notified and the bank will remain closed awaiting the department's instructions. The bank’s president, E. W. Shirk, said: “I do not know the condition of our funds, but I do know we shall pay every cent of indebtedness. We are perfectly able to do this.” William Marker, the cashier, said that he felt sure his brother would return in a few days and face prosecution. "He has been worrying over banking matters until he is mentally deranged.” Noah Marker had been connected with the bank nineteen*years. He was the Republican candidate for mayor of the city four years ago and was de seated. He was an active church member. He is thirty-five years old and the father of two children. The resources of the First National bank amount to $1,100,000. Its capital is SIOO,OOO. Deposits amount to $845,771.