The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-28
PRICE TWO CENTS
ONE OF MACKEY'S SCHEMES.
THE RING LINING PRIYhTE POCK-
ETS At PUBLIO COST

Startling Revelations Concerning Frs-du.
lent 1rRnsactioDs-A suit that was Speed-
lily Sottlod-Some Fictitious Accounts.
TITUsvIILE, Pa, Oct N.-The Courier OF
tomorrow Will contain startling revelations
concerning fraudulent TRANSACTIONS by the
Treasury Ring. through George X. Anderson O
member Of the late Senate and resident OF
Tltusviic, and several OF the Titusville banks Of
which Anderson was once a stockbolder and
ofnoer Anderson undertook a few years sgo 70
negotiate 10 ms from the State treasury first for
the 1itusvllle Savings Bank. next for the Citi-
sens' Bank, and oftorward for the Exchange
hank. The two 6rst named banks suspended In
November, 1873. The Exchange Bank, though
BADLY Crippled, through the energy OF portion
OF the stockholders continued its business. At
the time OF the panic OF 1873 the Ci liens Bank
owed the S.ste $4,000, and Anderson owed the
bank about the same pum. The savings bank
owed the State s3sy0O0 and Anderson owed
the bank about the same amount. These
banks failing together. sought satisfaction from
Anderson, and threatened to institute proceed
ings In bankruptcy against him. Robert W.
Mackey, the State Treasurer, fearing tho
developments which the proceedings must
make, promptly settled the claims whioh
releasing the. claims OF the state against
the b.nks and holding Anderson only. Andor-
son At the time OF the panic was President aud
almost sole manager OF the Exchange Bank, AZ
he had been from its nrst opening for business
in March. 1872 lie negotiated loans, or pretond-
ed to, for tins bank from tue State Treasury. AZ
the time ,, Of the panic, Mackey, as state Treas, e
sgainst this bank. William ii. kom olo OF Phila-
oelphla, a former State Treasurer and now q
confederate of Mackey In the Treasury Ring.
1he business OF the Exchange Bank from the
time u opened in 1872 until the f.ll Of 1879 was
largely mixed up with Kembles nix OF Phiia-
| depnia The loans spoken Of from Mnokey NJ
treasurer to the Exchange Bank, through An
In the following manners Various sums from
| time to time were sent, or pretended to have
been sent, to Kembles bank at Philadelphia oy
| Maokey and charged upon the treasury books to
| the Exch nee Bank Of Titusylle, Kemble's
bank creditine the Exchange Bank with the
same. Anderson then drew through bis bank,
| the Exchange Of itusvlle, for his ndyidual
| Purposes upon Kemble's bank, having his drsf Q
| ch arged up to his bank.
At the time OF the distress. OF the bank In the
fa'l Of 1873, several OF toe Titusv,lle cNhoid-
| undertook to look after its interests. They
| found upon the books credit to the State OK
ine bank an amount considerably larger. They
obtained judgment against Anderson amount
,ng 70 SE.UoJ' WHICH they entered up In Crsw-
| WIN. II. Kemble caused to be entered up In his
favor In Venango county, which adjoins Craw.
| day there was another judgment Of $4,000 en-
tered In Crawford county In favor of Kembls
| judgments were really owned by Mackey.
| by the records OF the United States Courts
| at u aDpedr5 tnat pTOCeeulngb Wofo
| instituted against Anderson, March Q, 1874 by
| the Exchange Bank, new hoard OF Directors
d neT ,eD pTs'Ss1 MsaHs1 hSg
| disclosures. settled the claim OF the bank
| against Anderson, and Mackey. as State Treas
urer, at the same time released the claims he
| held against the bank.
| The Courier sums up its article by asserting
| thst the transactions of the loans by the State
| Treasurer to the bank through Anderson were
fictitious that the amounts pretended to have
been loaned conn psised what had been fraudu-
| isntly taken at various times from the treasury,
| as is believed by several OF the bank stock
| holders, who are Republic ans; and tn Il
| todi n of tho peoples money Mackey, II the
| transaction had been legitimate would no have
| released all stockholders OF the bank except
| Anderson, well known as his stool pigeon, who
| was nsolvent.
| The Courier asserts that last night package
| Of money from tue Site Treasury reached
| Iitusville for the benefit OF Rawle whom
Mackey Is trying 10 elect as his successor.