The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-12-20
A RUN ON AN ARCHBISHOP.
,yroRYfN ITE COVDIIION or AFFAIRS
~ THE OHIO DIOCBSE

Ao,y Innbie to Repay Moneys deposited
vt,, Them by Catholics Uniucky
,.,t.. tbnt has since Produced "A rnutc.
crvrl>NArf, Dec. l9.-for some timo past
mo number Of people daily visiting the resi-
dance oi Archbishop Purcell adjoining the
c,,hodrll. hayo boon noticcaby increasing.
S"nc,l,n.- they came IN squads " two or three.
sor,,iico. fiugly. carrying little slips OF paper |
..rlr, an anxious look rs thny camo. and |
in most eases latc carrying the same slips. aud |
-o,r.n- oven a moro troubled look ns they do
so,t,I They were generally Of tho poorer |
r. -laharing men or their wives. servant girls |
and c,achmcn. with sprinking OF tho better |
.ss. hut most 81 them seemingly bent upon
No. .,r,, puruosc. Some days thorc wcro ftty. |
an, l,,,N hundred or two and sometimes, II
- even more Very little has boon said
.h.yt 4 t,r visitors M the Archbishops resi-
ao,., nrc always numcrc-s, -! Nc i,1w5r OK
ncohnreh ia strong hut it finally came to bo
nrIer.i .ol that there wns n " run upon tho
Archbishop and his business manager the
Rcy Ifvnrl Purcell. by tho people OF tho
ebur.li who had deposited money with them.
ANock or 50 ago n note given 10y the Row. MIR.
Purcell went 10 protest at ono OF
tho banks then another. and another.
and few days later there were
sdiu The on 90 o, the Recorder mortgages 10y
ue,e.rat,umcn to the amoun, Of s7jOOO. Then
IN, financial people in Third stNet began
baw.sr size be,ioftl,at things were really in
araili.ri.ll way "a tho headquarters Of the
pio,.-ro. southern Ohio. This was incrcnsed
BY ythr hrinf,rmat.ou that many Of the dcposi,ors
who hid demanded their little savings had
mf,i 90 obtain them. and that the alarm among
the church community had grown almost to the
si,o puni,. Later. however some OF the pro-
hfa.H Htta.r
boerei,ru that certain of the wealthy members
hal ltkru She mUttcr in hand with dctermina-
tlon To seq the head " the Church through his
troubles. there has been n return Of hope among
thosr Interested and belief that things may
noi hr 81, bad as they seemed.
I'll, iats seem to be- about AZ follows For
many ars the Archhishop-or rather. his
brrh.r. tine Rcv. Edward Purcell. Chancellor Of
IT, Dio'cse. and in charge Of its financial az
fairs has been doing u sort Of IA banking busl-
10. r'.aivrg the savings from the members
oithr church who wished TO deposit their extra
fuu j. ei'h him. in return giving notes. some OF
thor bearing interest aud then leaning or IN,
yc-i.n- th" iindS. Us thN caee might %. an
pawn. ttr depusitor- upon call or rensonablc
a. Many Catholics. coming 10 this country
n rtn. Europe wcrr ro'ommend"dby the Church
awt .t.as abroad To place confidence fnau-
cia H- w'.l as spiritual, In the Archbishop and
b. 'nlnrnl 'citi'; ana lh,y dln So ne
the. afl tho residents Ot tho city who
hal ..lu.l ronnuenee. Father Elwards rooms
IN l'r ttIHdral residence became savings
hant with probably a larger numhrr Of ,depos-
ito ti.iu any sNXln.ss institution oi tho city.
p sn night the to.lers came thlthcr with
Nr liti tUrnings. or. worn ont ny the lhhors
VI iH' dty. sent their wives with what they
cQu'i spar" from tllrir earnings, ana so tle
mo- q n. ...ulnulnt.d until the hundreds grew TO
noa, '- and The thousands 10 millions. On
sou. ll these deposits many of them indeed.
Mr Ar"hhi~hop uiadn tn, fatal mistake ~ pay
ng ui rrsi IA proceeding which Legitimate
bankers admit to huva brrn 1T lcnst an unsafe
oDc. This money WIS loaned out IN various
wty~ in churches. t. rHr she's which intended
10 huild hur'hcs. g. r"nl estate men. nni pthgr-
who would pay good ratcs OF interest. sun the
money .nci"H~ed upon their H2niS. nnh q i'W
yrui- ago. when prices wer" hish; thry lhNr,Ste.
ar.ual miNi y in rnul estate in y city. Then
cam" tive hnHnciDl pressure. followed 10y, ne
crn-h. nud the yalu" oi securities am real o.
tatn ,i,pre.iated by moro than hall. Cungr"gn-
tom wors unuhl" Ia m'" tneir "ngh$"mcnts
nerl-t, ON. ~ Wvra Unullo 90 ilnd omuoymcnt
b withdraw their finis. and The ti.ir iurn"l.
For Years q q Purrol!- hni done their hanSing
Business W IN J -eth \. ll"niann. German
banker. just At g. lis lnau,pi'iou, moncnt ihre,
mont . ago. hotank Cd Joseph lIemann failed
portion OF that sum. Thr result we- qn alarm
among tho d'ppsit1t7 WIN thc Nr'nhlshup
aul uwy legan 20 Withdraw their d,iosil.
IT, lurrei- had not really lost ans
nroy ly tho failure Of hemann'S Bunk
ih- and m ny II thom Catholics having lost
~ 'h.f fuluye. the alurm h"cane grnstnl an.
uHr ran lrguu in earn u upon thllcr fiwarl
A 0r-' the demands were mot promptly hil
pYffy soon the ,Xrhcquor began 10 feel tl'
pressure. iud as there were no more deposit
an t'H demand continued, n w"s Obliged T.
sn,.umh. ana Father Edward began to max,
eNf,oe and plead for Dolby IN various WAY +.
ILL., increased tho agitation. aud me drpqs.
itt- logan to grow more Impatient untll ioi
the ua-i week or more they have boon yisit.i :
th' r- .eneo 10 crcwis. numbered; II is sad
b. hundreds. They Gr' usunlly irtormed w.
Pn.i,.r Ilwgrd Tint whlln he cannot pay a
one tl,> shall have the money In full as sooi
A. possible. Sometimes his promises are lei
tO-nHiIoH. -omnt.W .s Tor next week. aud SOM"
TIN. irI, finite. INT he insists that while hc has
n1''Ncuon"y ne has the worth OF 1t. ana w.!
TIL, ryr,tnment among tho sufferers by n.
d"ab b. not ot the bo-ierou- order. but runs
d."r u- 81 rNidouecd hy the continual d"man,
snl 90. pre.-ure heinz hroueht 70 hoAt ir9i.
eyrV direction. Tho drpositnr, are mostly
al .ug iIe Germans, many oi thcm INC wv"'
Of mo- 'hHuirs or small trudesmru. and the de
pos ran e. all the way nom icw dollars O.
u .u- .n,,s. The number ot depustnr- Is var.
on-5 ,tnHtel at from 5000 to lwirn mat nun
b'r. ln the ilahil.t nrc guessed n ulllllrH
r. $50 fsurrs ar. only estimates. Tor FHtl q
Eisarl refuses TO talk Of the details, nnl I'M
Arhh -ncp really knows niue r,fardins NJ
" '',e. 'ur be las i4irasied az lho business
alali- 90 his brother. the Chancellor .,
IHrN NrE'. corr -p"ndenl to-n%hi cal ed upn'
Anum'rr or hu-inr-s men. rr,ahd nlhrr9
az tu' general impression seemed To- b9 tn.
snleu" Az 'hbsh'ps affairs wrTo ~ h2l con
Ilu,',f Wthout lo., 10 the depositors, though
] might he some time in the future
IhNI.,r-. = least mnuy ot those given for bor
tVei muury-ior Father Purcell haS beer
oIUgnlof late to borrow cpusdcrUhlr sums
afe -ifurl los J. H. Purcell. the Archbishop
81 t is said in some cases with h
oH"e signature. and tho impression
prevails among the bankers hero that th'
iar WupeIty is liable ior az ihes
p borrowed money. In regard % this thrr
% utE us0 81 opinion, some holding thh
r. iuu'rly q the Church cannot hc mad
fttT fI.II NAL Al
elsho, or the Chancellor Should the form.
2D.hNn. however, provo correct, thcro woul'
eampe property 70 secure all debts. a.. be
h.'s lno millions oi dollars worth oi Eropert
us church owns IN Cincinnati, the churcl
R1p'rlY In the whole diocese covering ono
Srl ol NE state. would be responsible. Beside
as-nud this Is really the most hopeful ientur
" i.f' ,,~e- there are many wealthy member
q Ae church here who would doubtless com
ntWirl u aid the Archbishop. who IL he
DNi 10y an. in this time OF trouble
~, iniocl II Is said on pretty goo
a4h riiy uHt 'he venerable Reuben Springer
"WN" magnificent donations TO the Cinciunat
i RlDl' ana o. arl in C.nrinnati have made hin
mhnns; has dc Jared thnt the Archbishop sha
sN N suH'r hLHncinlly. even II II cost him
Ruhl milton. II Is asserted TINT Mr.. SprinRe
ssS already handed to the Archbishop
Hrk Tor N0OpO to holp him ont OF
snt hh'e and with this and the money raise
. fIm'nRhgrs during the past ten days. Faihc
mdN'Il has been Hhle 10 pay on slOOOOOot Ia
sgN, pr'7sinE claims. Yet II ia said t.