The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-09
Our Pennsyivania Correspondence.
MoSrRosE, November 4, 1919.
The .Sus0ushdu ua County Rank

Our Pennsylvania Correspondence.
MoNrRosE, November 4, 1919.
The Susquehanna County Bank
Knowing your desire to give your readers the
earliest information Of the events Of the day,
send you account Of the proceedings IN this vii
lage, during the past few days, respecting " The
Susquehanna County Bank" Itwould appear that
on Saturday. Oct n, Mr.. Ansel st. John, as agent,
refused to redeem the paper Of the Susquehanna
County Bank, at 81 Wall street. The news reached
here next morning, and caused great CONSERVATION.
Mr.. 7. =. st. john the nephew of the former, and
cashier OF the bank, arrived from New York on
Saturday morning, and during that day discounted
paper, received payments on notes, made ex-
changes, and transacted business as usual without
informing the community, although there had been,
that forenoon, received Geographic despatch from
New York, advising him Of the state Of affairs.
A committee, composed Of Mcssrs. c. l.. Ward, Of
Towanda, Daniel Searle, Charles Avery and VIM.
]. Turrell, OF Monuose, after investigating the
business through the week, concluded, last eve
ming, to have a capias issued, under which Mr.. L.
r. ST. John was arrested, and now lies In our coun-
ty Jail Tin default Of si0 900 baiD TO which he
conducted amid the groans and excavations Of the
community.
The bank has about 1900, 900 aAoat. of which
s150, 900 has been circulated out West" through
a certain agent, OF Cincinnati, who was here Tor
few hours last week believe he is well known
10 a certain clique IN Wall street
The jail renamed, all this day, decorated with
the efhges OF Ansel 81. John and T. p. st John.
The numerous signs, nailed about the window
where the latter Is confined give the building quite
the air OF brokers' office; indeed, Il might be ms
taken for pocket edition of Wall street. Such Is
the indignant feeling Of the people, that neither the
public authorities the sheriff attempted to take
them down.
MoNrRosE, November 4, lsi9.
Last night. the committee appointed TO investl-
gate the affairs Of the Bank Of Susquehanna Coun-
/ ty, and the alleged frauds committed by Thomas
/ II. ST. John, the cashier, reported progress that
| there were now IN circulation notes Of said bank,
amounting TO upwards Of two hundred thousand
| dollars whereas, the said cashier, had gwen the
| most positivs assurances that the whole amount in
circulation, was only forty. nine thousand dollars,
and that every dollar should be redeemed within
two weeks. The committee say, that there never
was more stupendous fraud committed IN the
whole history OF bank swIndling. All the
| available funds found in the bank, was under
twenty-five dollars. Scarcely an individual can
be found, who has not more or less OF the notes OF
/ this rotten bank in his possession. Since Monday
last, the day the bank closed, the community have
| been IN a state 81 furious excitement, and every
night the bank was surrounded by mob, hootng,
| yelling, blowing TIN horns, drumming on TIN pans,
firing of pistols, and other noisy, though harmless
| proceedings. Last night the directors instituted
| civil proceedings against the cashier, ST. John,
| and the sheriff arrested him, and he was escorted
TO the county Jail by mob, headed by 5 5. Null
ford, one OF our oldest, wealthiest and most re-
| spectacle merchants. No violence was used,
| though wooden horse had been provided but as
| he marched along between the sheriff and his as
sstant, the crowd bowed their tin horns, beat
their tin pans, yelled, shouted, hurraed, &c, and
when the prison door closed upon the wretch with
/ a crash, the crowed shouted, " Bank closed" and
gave numerous tremendous cheers. To-day, the
| Jail house is covered with signs, among others,
the regular bank sign, which had been tors on and
nailed upon the Jail with an effigy astride it.
The committee say the bank is down, past all
hoIe Its notes will not sell here at any price.
MoNrRosR, November 8, 1919.
Matters remain rs last stated, with regard to the
| Susqueha anna County Bank No further develope-
ments, although, when the committee report, no
doubt il will be rich. Mr.. ST John is still in Jail
| Pablo opinion Is very strong against him.