Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1874-01-09

/ rnE CoNsaED DrrMoNaN -fgr,d tx
/ cirEMEST The settlement over the National
/ Savings Bank deial5ation was renewed sat
urday forenoon by the reports that the
/ hondsmen of Mr. >torr-. the treasurer. by
some technically are not holden for the
| loss, and that the President OF the Savings
/ Bank and al-l Of the First National Bank
/ Mr.. George T. fillsbury, was seriously in
yolyed financially When the hank was
| opened al 10 O'Clock the depo~itor~ and
Others had gathered in front of the
| building, filing up the Sidewalk and
4 portion Of the street. They mani
| tested great anxiety and said they wanted
| to know if the worst had been told them.
/ The officials Of the bank and other friends Of
/ the institution besought the crowd to re-
/ frain from Increasing the anxiety and cx-
| element that already prevailed. They said
| that nothing had thus lar transpirel in the
/ examination that gives any reason for be
/ lieying that the bank was involved to any
| greater extent than was nj first announced.
| Indeed they had strong hopes that the de-
/ felt would not rise above $4,000. CAPTAIN
| VIM. Walker, an associate official with the
| president. said there was not shadow
| of any foundation for the absurd ru-
mors concerning the financial stand
| Ing Of Mr.. Pillshury lie SAID that the ac-
/ count Of Mr.. PillSbury with the banks was
/ small and that the balance was in his favor
| The statements Gained the crowd, but it
was even then evident that the depositOrs
were fearful that from some source some
thing worse was coming. r. is singular
| circumstance that the hank building was
erected upon the foundation &C the old
Concord Bank cd.fce, 40 Institution which
went 10 smash Years ago. The delay in
t T.as 81 la
Savings Bank Is causing great incnn,en-
fence 10 many uf the dcpo-itars. II the
bank proves n-olyent the commissioners
will at once pat it into the hands OF receiy-
ers. We'll informed men say that the bonds
men are holden for the loss.
Tie Boston hsrdH OF Monday ln- the
following additional statements
The excitement over the defalcation IS
increasing Though no new developments
have come To light. rumorS are thick on
all sides. One is that the h1ndsmen Of
StorrS are not holden. owing to an inior-
mality. 1t is said that the bond reads,
Until reelected and that StorrS was
reelected treasurer at the last annual
meeting of the directors, vino neglected to
secure renewal of the bond The i'm
preston is quite general At Concord that
there has been organized effort 10 let Storrs
those who roundly assert that the officers
Of the bank are duplicated. and that II
is for their interest t. keep the matter
as quiet aS possible These assertions
are doubles without much foundation, but
they serve 10 show the Stale of feeling here.
As for Storr~, there is only one redeeming
feature about him lie seems to be doing
all he can to aid in the Investigation, now
that his rl~ca!iiy has become known, but
he meant not 10 make it public. lie took
Others into his confidence. and they. aS IN
duty bound, betrayed him. Even after his
deficit became known to the president OF
the bank, Storrs had the audacity to pro-
pose that the president >hould help him
conceal his shortcomings By becoming
party to them, hoping that he might by
fortunate spccUlaiiou> make good the deficit.
StorrS, though a church member and'a
prominent teacher ~ the sabbath School,
has not borne Tor some time a spOtless
reputation for els Ky. There IS no lack
of scandal now in connection with his
name. Ii is feared there is toomueh ground
for them and that his pilieringS have gone
in that direction.