The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-28
MORE OF THE FAILURE.
ARREST OF MR. QUARRIER.

Our article Of yesterday, on the fail
ure Of the Wheeling Savings Institu-
ton, giving the people to understand
that their interests would be protected
as far as possible by the Board Of Di-
rectors, who are well known to our
citizens as honorable and responsible
men, went farther toward allaying ex-
element than could fifty thousand such
pacifying articles as that published in
that imitation of Mrs. Winslow's Sooth-
ing Syrup, the Intelligcncer.
About 9 o'clock Sunday night A. C..
Quarter, the Treasurer of the Savings
Institution, voluntarily gave himself
into the possession Of the Sheriff, and
was, at his own request, lodged in the
county Jail. We have heard but one
reason assigned for this course-that he
feared personal violence and desired to
be protected.
Yesterday morning at fifteen minutes
after ten o'clock, Mr.. Quarter was
formally arrested by Sheriff Brown, on
writ issued by the Clerk Of the Cir
cult Court, at the instance Of the Presi-
dent and Directors OF the Institution, on
charge Of "fraudulently abstracting
from the Wheeling Savings Institution
and its depositors, money, bonds and
negotiable paper" The affidavit fur
tner sets forth that the atlantis do be-
lieve that A. C. Quarter is about to
leave the State with the intention Of re-
siding out of the same. Bond being
demanded in the SUN Of $4,000, Mr..
Quarter was committed to Jail in de-
fault
It's too soon yet 10 give detailed
account Of the causes that led TO the
arrest Of the Treasurer. ltseems to be
pretty certain, however, that he has
allowed his friends to overcheck their
accounts largely. This is especially
true in regard to the Norway Iron
Manufacturing Comp any, of which Mr..
Quarter was President. That Com
I-pany, we aye reliably informed, has ex-
cceded lis account Sl50000
We heard no word affecting Mr..
Quarriers honesty until Yesterday, and
have thus far believed that he had got
into difficulty 10y being too easy with
his friends, but the abstraction of the
bonds belonging 10 George Mende!l d
Co, the crediting OF the Norway Iron
Manufacturing Company with deposit.
ing $1,000 when they had placed
but $1,000 in the bank, the certainty that
gold had been placed in his hands Tor
sale OF which there has been no ac-
count made, gives very dark appear
ance to this most unfortunate affair.
This failure has fallen heavily on all
classes of our citizens. Some are badly
crippled, but more have los. their all.
The little and hard earned savings of
working men and women, the nailers,
laborers, seamstresses, washer-women,
are all gone. Even those of our colored
citizens, who had by their frugality
saved $50 or 500, are left penniless,
for Mr.. Quarter enjoyed in wonder,
full degree the confidence and respect
of all classes Of our citizens, from the
highest to the lowest.
Daniel Lamb, the Trustee, publishes
in another column a notice to all who
owe the Institution to make payment
to him at once, and for those who hold
claims against it to present their &C
counts for adjustment at the office lately
occupied by the Institution on Monroe
street, which will be kept open, until
further notice, from ten until twelve
o'clock each day.