The Archive · 1930

Bank Closed in

CINCINNATI

Cincinnati, June 10.

The Cosmopolitan Bank and Trust Ca, has been closed by the yank superintendent owing to the discovery of a shortage of nearly $600,000 in the accounts of the Cincinnati branch of the Henry Lo Doherty Ca.

Officials stated that the shortage was due to a defict of over $1,000,000 jon the account of A.

Shafer, the fy local manager of the Henry L. Do-borty Ca., who has been committed for trial on a charge of embezzlement.

According: to the bank examiners,

kn effort to recoup the losses he ited" customers? cheques suffered in the recent collapse of the stock market—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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