Jasper County Democrat, Volume 12, Number 53, Rensselaer, Jasper County, 16 October 1909 — BANK IS SHORT $210,000 [ARTICLE]

BANK IS SHORT $210,000

Vice President, Said to Be Dying, Turns Over Hi* Securities. Mineral Point, Wis., Oct. 12. —The First National hank here has discovered a shortage of $210,000 due to alleged forgeries of notes. The bank officials spent hours trying to arrange affaalrs so that the bank would be able to continue In business and the effort probably will be successful. Phil Allen, Jr., vice president, Is dying, it is reported, at his home. Allen, according to President Spensley, has turned over to the bank securities with a face value equal to the shortage. The shortage was hidden by the placing of forged notes in the bank’s vaults