The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-05-29

i!RuC upon tuo luentlly OF tnOSe VINO
thus despoiled the institution and those
who trusted It, as tho accounts, like those
referred to yesterday, were kept in fictitious
Names Capitalists like William II. Van
derbilt were made to masquerade in its
ledgers as lmarks for unscfupulous men
who were getting aid in some unknown
way OF the depositor's money by wholesale
and by retail. The shortage grows hourly
ss the intricacies Of its book accounts are
further unraveled, and from lees than $3.50.
900 has grown to full 81, 100000 to. day,
and the end is not yet; So clean sweep
has rarely been made in Pittsburgh as that
Of the Penn Bank, and there can be but
one opinion as 10 where the responsibility
res!e. gg n rs '}3i.. -sIr
Among other reports current concerning
the peculiar methods Of doing business at
the bank, there is one to the effect that
both securities and paper left for collection
have been hypothecsted. One instance Is
given where a, note for a considerable
amount had been placed in the Penn Bank
for collection, Of which no memorandum
is found on The books, nor is the ob!igs.
ton itself among the assets. Allowance
must be made for excitement and exagger-
alton, and 1t may, he that all is atraight in
this regard; but If the stories are Iwell
founded the fact will give still darker
and more disreputable aspect to tho affair.
S&y DIErcroRs' INVESTIGATION.
The investigation Of the directors to-day
has brought out tho definite knowledge Of
q state OF affairs. such as almost passes be-
lief. In addition to the over.drefts re-
ported yesterday Of ID. Wilson & Co." to
the amount Of $240,0O0, and T. ]. Wilson
for S07,0 900. it is stated to-day that num-
ber Of other accounts OF q similar nature
have been unearthed. Among these are
several firms which are as mysterious and
as unknown as ID. Wilson j. Co." whose &C.
count is overdrawn to the amount Of $685.
900, Then there is "FIill & Co." who are
overdrawn for 100000. Besides this it il
said that the account OF the oil syndicate ia
overdrawn Sl36,000. These oyerdrsfts
alo ne amount to SS9S, 600, and the end is
not yet, for there are other accounts which,
although smaller in amount, will show up
formidablysin the aggregate. ~ 5s .g.',
It is as difficult to get any definite infor.
nation in regard 10 these accounts as
though they were in Circassia, instead Of
Pittsburgh. There is no doubt that they
are all the outcome OF the oil speculstions
OF the officers Of the bank, and OF the bank
itself during the past three years, and tue
load has been carried by euperhuman ei-
forts all this time. The time for looking
at things from any common standpoint, ex-
cept that Of cold common sense, has gone
forever.
Hartley Given, cashier Of the Farmers'
Deposit Bank, called at the Penn on Mon.
day morning and saw Mr.. Riddle in his
private office.
"What about these Clearing House
checks which are here against you?" MIR.
Given asked Mr.. Riddle?" Ia, n
| HWait minute, and I will 20 down
Stairs and see about it," replied MI. Rid.
die. 2-. Is gS.E .
| J; He did not return, and Mr.. Given sent
for Cashier Reiber and asked him the same
question. .1ss-..'.. = i, = b. .sNs7'$r
"I'll 60 down stairs end see," said Rel.
ber, and he, too, disappeared and did not
return. - +, =-ll 3 s$P j5s{ 2 y ~
Paying Teller Normlcutt was then sent
for, and he followed in the wake of the
others and did not return. Mr. Given
naturally became indignant and suspicious,
and went down to his bank and told the
directors who were in session what had
happened. Then it was that tho clearing
checks were thrown out, It eeems that
when Mr.. Riddle went down stairs be pass.
ed out Of the bank and went over TO the
Duquesne Club, where he was followed by
Reioer and Normicutt, and then it was
that MI. Riddle was taken i'll. He ia much
better, physically, to-day, and is able to re.
tain such food as he ate. N
STORIES ArLoAr. 3.
Among other stories aaoat is one to the
effect that large amount OF cash which
was known to have been on the counter OF
the bank Friday cannot be accounted for
and WAS sent to the East for some purpose
on Saturday night. 1t Is also said that the
10000 which was reported to have been
in the hands OF the bank when 1t closed its
doors on Monday has been decl essed in
amount untilit is now but $4,000. 53E5'
The directors Of the bank who SIGNED
individually, Tor the S2So,OCO, obtained
from the associated banks are in an mn.
pleasant position. They will have TO pay
1000 every thirty days, and they have
to pay this with the securities turned over
to them by the bank as collateral, The
associated banks refused to take the eecu.
rites in the first instance and negotiations
would haVe ended if it had not bfen for
the agreement Of the directors to give the
notes, a new complication has arisen be.
cause the attorneys Of some OF tho deposi,
tors are preparing the papers necessary to
aupporra claim that the depositors have
a prior claim on the securities held by
the directors and that they are not entitled
J to hold them. .;;'ls, 4, 80 :. =
T. J. Watson still says that It is not true
that his ACCOUNT ig overdrawn. "Such sto,
ries are lies" said he to-day, nsnd ii the
books show such a state Of affairs ther;
must haVe been monkey work. -
"Was not your account oyerdr8yn slT7.
900 on the 1st of March?" -; :
mo, sir; it was not.n NJ
i "Do you know any such firma as n
, Wilson 4 Co.,l'Wa.aon * Co., tHill 1
Cog Have you in your dealings With th,
! bank and syndicate ID the iass two YEAR
i heard of such arms7" "a .;T'I!1es ! !.
E"I have not I never heard OF any 0
I them" @ a,j.sll IA 7',t IN
Gg,3 AN IMPORTANT STATEMENT, i
This statement is very important in yiey
! Of the following facts: W atson & Hill tn
Z | 10. q