November 14, 1922 – It was announced today
that a national bank examiner discovered the embezzlement of $33,400 from the
Minneapolis National Bank located at Nicollet and Lake Street. Suspicions of
management had caused a special audit, which instead uncovered the actions of
W. J. Smith, a cashier, and A. E. Klein, a teller, who both said they used the
money to live with.
Smith confessed to taking about $20,000 and Klein to $13,400. According to
Chief National Bank Examiner H. M. Sims, the funny thing about it was that
neither of the two knew that the other was taking the bank’s money.
Minnesota Daily Star; “Cashier,
Teller, Short $33,400, Minneapolis National is Looted Bank”; Minneapolis,
Minn., Nov. 14, 1922; p. 1.
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