Oscar E. Hill, cashier of the Commercial
National bank of Ogden, has been di-covervd
a defaulter in the sain of fi-M.OOO. The di»-
covcry was made on tbe bth when 111.1 «& s
make a showing of tbe statu. o f
the business. Experts have dl>*co**ere.i iht
crookedne-a of Hill to cover a p<-rlo*l of
j ears. That he bad been able to deiu k tbe
government lu-pector and the directors for
so long is sn evidence of one of tbe ru*n>t a .In At
stents In the history of banking in tbe Wrsf
But for tbe defalcation tbe Commercial
tional was one of tbe most solvent banks in
the city, na its directors are among the
wraltbk-Ml men In Ogden. One of them is H.
O. llarktie-a of McCammon. Idaho. J. c
Armstrong of Ogden to president of tbe tank
, which was organized In 1884, having l»et r> »
private bank for ten years previously. Its
capital stock was <150.000 with a S4O.U<N) re
serve fund. Tb<* deposits were low, f 140 0m)
Depositors will be folly paid, but the bank
uill not resume. Ca-hl. r Hill to a young man
and has a wife and one child. He has sg.-d
parents somewhere in California. Up to date
he stood high in the confidence of bls em
ployers and the community. He haa been in
the banking busincMi for tx.aoy years, taking
the position nf ca«bler In the Commercial
when It waa made a national Institution. Hr
has a-slgned bi* home and all bls property to
the bank. He sill without doubt be prose
cuted by the government. Tbe defalcation
will result in weil-ulgb ruining some of ttic
stockholders.
