Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-23
BLAMES THE BANK OFFICIALS.
MIR. McCafTrey Says They Shouldn't Have
Received Deposits on the Fatal Day
Some of the Heavy Losers.

MIR. McCafTrey Says They Shouldn't Have
Received Deposits on the Fatal Day
Some of the Heavy Losers.
Thomas McCaffrey, the real estate agent
of Butler street, thinks the actions OF the
officials of the bank were a little irregular.
He states that they did wrong in continuing
to receive deposits at the bank long after
they knew they would have to close up. In
an interview with a DISPATCH reporter
yesterday afternoon, Mr.. McCaffrey said:
'I had so much confidence in the bank
that I was the first depositor to appear
Thursday morning. When I went up to
the doors of the bank at 9 o'clock they had
not been opened yet and had to rap to
gain admittance. When I went in Presl-
dent Young was at his desk and Cashier
Hoerr took my money. As 1 handed in my
deposit Mr.. Young looked out at me tosssee
who it was but said nothing. The cashier
took the money and made the usual entry
and went off to attend to some business.
81 do not think that the officials had any
right TO take the money of depositors on
Thursday. They knew at the time 1 made
my deposit that it was only a question of a
few hours until they would have to close.
They had to make their settlement with the
Clearing House before 10 o'clock, and when
this was tried the blow came. Notwith-
standing the action of the Union National
Bank, they continued to receive deposits
during the whole of the day. This was GER
tainly wrong, and should not have been al
lowed by the directors when they knew they
were in trouble and there was nothing to be
done but close the doors. They should have
quit taking in money!"
Teller Mckee was seen and said: "Presi-
dent Young and Cashier Hoerr did not give
me any instructions about receiving de-
posits, and l could not refuse to take them.
Mr.. Young left the bank between IL and
o'clock, and left no orders. Mr., Hoerr went
out after 1 o'clock, and did not say whether
he was coming back or not, 1 have not
seen him since. Neither one of the gentle
men said anything to me about not taking
the deposits. Under the circumstances I
could not do otherwise than take all the
money offered until ordered to quit"
HoERR is NON EST.
Quite a number of persons called at the
residence of Cashier Hoerr during the day,
but to all the same answer was given. His
wife and sister said they had not heard any,
thing from the missing cashier. They
stated that they had not the least knowledge
of where he was. and did not know when he
would be home.
The vicinity of the bank was thronged
during the day with depositors and others
interested in the bank. Nearly every one
of them had story about having mony tied
up there. Repeated knockings at the doors
of the institution failed to bring any re-
sponse. 1t was evident that some persons
were in the bank, but they would not come
4ha ho
when it got dark the gas was lgnited. 1t
was stated that the bookkeeper of the bank
was inside compiling a list of the depositors
with the amounts they had in the bank
Among the stories told of depositors was
that Of Thomas Coghlan, who sailed for
Ireland last Tuesduy. He had about S., 900
in the bank and about a week ago went to
the bank to draw his money. He intended
to have it exchanged into English money,
but the bank officials would not give it 70
him. He got several hundred dollars, or
enough to pay his expenses, and is now on
the ocean. He worked for the Citizens
Traction Company. Among other small
depositors not reported yesterday are the
following:
William F. Eichenlaub, wholesale fur
niture dealer, Treasurer of st. Augustine's
Church. He had about 5000 in the bank
belonging to the church, but he was indi-
responsible for the amount When
the run was started several weeks ago,
Father Morris, of the church, asked him to
take the money out of the bank.
HE HAD NO FEARS.
BE replied that the institution was all
right, and he would be responsible for the
funds. Louis Emmerich, tailor, 81, 400.
Kate Korta, butcher, 81, 400; H. c. Knapp,
printer, 81, 100; George Metz, shoe dealer,
$500; Father Griffin, of st. Johns Church,
5000; W. L Shade, bookseller, 81, 900; SER
want in George Metz's house, 500; j. c.
grocer, 81. 500; his driver, ,S40O;A
Zacharias 81, 975. The latter was going to
draw the money out to purchase a house,
but concluded to wait until he had more
money and secure a better one. George
Gruber, Smallman street. $1,000; Charles
Supert, newspaper carrier, 81, 900; Edward
Kingott, timer, $500; William Lawton,
dry goods, had several thousand dollars,
having made deposit at 8 o'clock Thurs
day afternoon. Matthias Sehenott, saloon
keeper, $4,000; John Virgins, sa-
$500; Patrick Nc
grocer, So, 900; he also made a deposit at 3
O'Clock; Joseph Munich, saloon, $1,000; NJ.
H. Hager, 81, 900, Mrs. Kate Lewis, saloon,
s., 900; Kennedy Lang, druggist, S., 900: DR.
Mcfarland, s, 200; N. F. Flanagan, black
smith, 81, 900.
A well-known citizen OF Lawrenceville,
who had drawn out of the bank 1000
about two weeks ago, said the bank was
very loose about conducting its affairs. The
gentleman had costly banking experience
during the panic, and when the first re-
ports about the Lawrence Bank came out he
drew his money. He said the institution
had no rules about Withdrawing deposits,
and said no notice had to be given to get
money. He said it was a common thing for
of dollars to be drawn without
moments notice. In such cases the bank
was willing to pay the money after deduct
ing the interest. This is what caused the
run.