Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-05-21
AN EXCITING TINE IN DUBUQUE-FAlLURE OF
| GEIPCKE co, BANKERS-VIOLENCE THREAT

EIsf
The failure of the banking house Of Theodore Gepcke
Co on Monday, hiss produced gree excitement amor
the depostors. As soon as il was made known people
began to collect the place. and various surmises we're
made as TO the matter. The notice posted and publish
ed alleged that the failure of Gelpcke, Keutchen Ro
chelt New York city, the OF the failure
Among the things said no doubt more or less true are
the rumors that the New York and Chicago houses with
Gelpcke partner, believed here to b, connected with
tb, baking house, had really no connection with it
that Herman Geltcke was not partner, As many snp
DO ed tn It the bank bad any capital except
ia ds of depostors-hat Theodore Gcpcke had left tho
city carrying large quantity OF gold with him-that he
had secreted himself in the city These with other ru-
mora continued excite the public mind until yester-
d,y afternoon when shout fifty men collected at Mr.
Theodore Gepckes residence, on Locust street. There
were several who appeared determined to have the
house searched ard inlmaton had been given OF
intended personal violence.
On learning tina, Mr. g. not a. home several gen.
tlemen having searched the house. tho crowd now num-
bering over hundr d. bryan to move toward Main
street when VIM b. Allison, who has been appointed
assignee of the bank appeared ADD being called on as
TO the allegations OF fraud, swndng," &C. he addressed
the crowd 10. few minutes from the steps OF the Wash
ington HOUSE.. He stated he pre- pairing schedule
of he due the dspositos aud OF the assets OF
the bank and would show it to any or publish it,
quesled He said also that the oney received by him
as assignee about IS 900; the amount due depos-
itors appeared 20 be about $4,000 that there was
large o! due the bauk aud to become due
5000 which would increase the cash to soma OOO b.
sides some lands Included in the assignment. He prom
ised to 90 all in his power to protect the depostors
Rev. Mr.. Dennis also addressed the crowd which had
by this me increased to two buadred more. He
urged those who e excited to refrain from any vio-
lent action he thought the depositors and their friends
ough. to be governed by clam consideration OF the
fact that hosever Justly they may have been treated
they had better rest on the lg remedy to be applied
through the assignee who man in whom they should
have col eIce He said he had been informed by ole
who knew the affairs OF the bank that 90 TO 90 per cent
Of the debts would be paid. He urged that no violent
measures be resorted TO- Tie City Marshal and others
uns lied di-psrsIou Of the crowd DR.. Helburg
stated the OF bis deposit in the bank, and
like many otrcs believed that base fraud had been
perpetrsted The Marshal sppealed earnestly TO the
dsperr and after about half hour they Glow
ly disappeared ~ Tsropt directions.
We doubt there abundant reasons for the o1cl-
ted sa:e of the feeling manifested but trust that
disgrace will attach city by any violation OF pub
lie peace We shall Inquire into the matter, as far as
practicable and publish the facts we ascertain thom
Dubuque Herald Sh.