Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-05-07
EASTERN NEWS.
psEss DISPATCHES

- PRESS DisPAI'h
~ srIae National Ban =
a'rtr !, May s;-rhs N a1 Fiss is sn ID
sfsp auli Il closed. = ne ~ bank pur.
ss,.sasnt 80 = sTheater. The Clearing
80 Booth .ss;dering the suspension n
% eon ,Sa failure is a BAD o "a
,bcaght VIZ Nc Marine Bank IS : W.,
r. s.s ststement On If ~ siso. 900 and
% lss,,ed 9 surplus ., "a, John ID.
,sirasd p p.sbier. A visit 70 ,ne se eank
ASIDE os6f ty disconsolate de pos
/ s-lossd sosDe s IN the pouring ram
- I'D door. No adinlt'ance
s..as the ciose No notice was
= ~ s,sn en- Is dset. The bank opened s
{ be usus, .Iossd abruptly without as .
ss pcln sause. The stock market
ssisg ~, and there seemed to be
AVER scils. .,;on between the failure
"a ocnnecs;,;o,, The depositors,
% y from the appearance - o IL s,sss
sdg,,5s ~ building, are ~s,i-, III; S sfter
sb0ssspsastion is promised tn, ga ai. .he
iasipIn.; Z said in the street tna' ..e
sos. y s,sIl Is due TO the real estate
anEs pO 49, n President Fish.
snnsAcsIoDs .vs: The suspension of
he fe p.nk vas announced a lit
de harIne plack this morning. Inc
u si'ssss !. cause of the failure was tue
Isalsa'i;ns inability to meet us de'!sI
esEs Z. The Clearing House thls
t0 -, the causes lying behind
sdrainR, v. SS 10 be the real estate trans.
ais ars ~ the last year or two OF
~ ..'.;Ssn, Fish. Daring .aa ~ ', Gas;n ne
Pr.: ~. JR.oo,h's Theater and the Cas i1l,
oa.s sss.satly has been engaged IA pull !. .rt
sd fs1ss apartment building, The
rs 81 West Thirty-ninth street,
kFsE, ..;on With Booths Theater.
. ca nhsgyS Of "The Mystic has
he Ou o,s%t deal of ready money,
nssn : a,esnmed to have borrowed
saEp ,h = bank. Fish is the second wee
iioo .,ssnt Of the st. Louis ana oan
H'ssioss Railway, and the Marine
Ifsls;s : ne recistrator's office OF that
Bans ~ "a not presumed that this
aoe.. .icr had anything to do with the
eana. Embarrassment, though there Is
sss.,s,cod TO have been some connec-
~ Nth either the Ontario ana west
700 IN ~ West Shore. These mAnipu
sn " nav have had some influence,
a.s nrobably only secondary to the
hgakn n..ayations of the President.
- ninutss after 10 o'clock a gen
a.nsn made deposit at the Marine Ma
- Bank, and as he went out was
sssn,,ad % the door by the bank porter,
- hsssn rolling down the iron shut
" lila depositor ran back to the
's. - taller, who had shut his win
y. snS gone out of business for an
ssSssnite period. The paying teller
"a an more conspicuous by his ab-
80 and the depositor bad the conse-
.,;rn a standing on the steps OF the
80 for the next hour and telling his
s,ssyiance 10 the crowd of excited de-
pastors A.. ,. n,
vorss than too heavy real estate spt Gu
h,jou. II will not prove disastrous One
sseosltor says that Wall street Rener-
s,sIl, Objected 10 the Marine Bank be-
ssnss Of It's family character. James
I, pish a President, John ID. Fish, his
ssehsv. cashier, and half dozen other
rlatives Of the President are in posi-
ions Of trust. =,
Tbs Marine Bank was the designated
aroeitory for the city OF New York.
Yesterday the city drew draft for
s100O0, which was part of the debit
bslsnse In the Clearing House this
morning, and this did much to precipi-
Isls the failure. Il is reported that n
soek firm overdrew its account At the
hak yesterday 100000.
| The World, In a sketch OF Fish, says
b 3 one Of the oldest bank presidents
ID The city, there being bat seven others
Who held positions when be took charge
d The Marine Bank. He has been
dsniiEsd with most of the great insti-
isiions Of the city, foremost among
shieh Is tho Stock Exchange. la recent
ysan the bank has had great Wholesale
tobacco accounts and deposits of pri-
nss bankers, and twice a month 1t sent
q isllef 10 Jersey City with pay
masters car TO pay of the army Of an
pcJees Of the Erie Railroad. The peo-
plsof Mystic, Conn, were the original
sfbsefibers 10 the stock of the
Marine Bank, and many of the
original certificates are possessed
there 10 this day. After General
6fanl's retirement from the Presi-
deney, Fish became bis partner in bust
hess. Fish has had extensive expert
snce 20 railroad director and finan
sisf. Ia 1853 he became connected with
lAs Chicago and Northwestern Railway;
hvas one Of It's first directors and
We associated with William Il. Ogden
Nd Samuel j. Tilden. In 1873 he was
mace president of the 81. Louis aud
san Francisco Railway Company,
saich position be held two years. after
shich he acted "a vice president. He
nad also settled many estates as execu.
nf and trustee by orders of court, and
" lAse PEARS has been Identified more
g les with the receivership of insur-
afos companies aud other financial in
stations. be and William Best being
wsFded In financial o relies as two OF.
phi receivers.
W the fact that Fish a Ward were
g iee bond OF Comptroller Grant. he
We be would probably not secure
madsmen today In their places. Fish
60 been secured for him through
ssfd, The latter being personal friend
'hs Comptroller. 1.-The city," CON
aaaed The Comptroller. had 81, 800, 600
deposit IN the Marine Bank a few
- ago. Monday $4,000 was duly
saoied. Saturday | expressed the
Esnion that 81, 900 900 was too much 20
Nv dsposited In bank. Perhaps
ssmoerlaln heard what had said and
svs ooi $4,000 yesterday"
ssn'estiea In the Presbyteriau Reard
Of Publication.
~ aiAnkIrHrA, May 6.-Eugene G..
mosasatd, Treasurer of the Presbyte-
- -. hoard OF Publication. has left the
w leasiug shortage in his accounts,
-. - npcrsed, Of $4,000. About eight
80 ne left home, ostensiblv - 60
~ iork. A few days afterwards
sosenoe excited some suspicion. and
,.amiitee, consisting of three minis
. NJ GEORGE Junkin and Samuel q.
49, began an examination of
!. ssun accounts. The commit
snis afternoon spent two hours
Al ~ endeavor TO discover the
~ amount of the defalcation.
"a, s1e satisfied" said Mr.. Junkin,
as.s "oodward's defalcation will not
: -, ~ 10000. The money belonged
~, - usnefal Assembly. bat the church
a,s., ~ suffer any loss, being well Sc
seavy Floods Anticipated.
.,s,ss.rohr, La, May 6.-rhere was
&, ~ g Sfeet l inch in the Red river
sssss - los'y eight hours ending at mid
hss,ss ano the river is still rising. A
&c., ~. y . Supported above. and heavier
wan IN fehrna ~ ara a ,ftnsx.afs.a