Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-24
GATHERING DOODLE.
Lawrence bank officials Are Scrap
ing Odds and Ends Together.
FIRST INSTALLMEET IN A MONTH.
StOrekeepers Worried About Making Their
Small Payments.
THE OUTLOOK is GROWING BRIGHTER

Willis F. McCook, Esq, stated yesterday
that he and the officials of the Lawrence
Ban k were working hard to bring order out
OF chaos, and that up to the hour in question
had secu ured assets to the extent OF S120,O0O
on which it was known that 80 o. 80 per cent
could be realized. This work, he said, still
occupied all their attention and they were
not troubling themselves to make any state
ment, and would not until they knew on
what it would be based. He further ex-
pressed the opinion that an hours working
of the pump wouldn't have the least appre-
cIable effect.
The depression in Lawrenceville through
the failure o. the bank is still keenly felt.
The condition Of affairs and the probable
settlement and adjustment of the difficulty
is the only subject which occupies public
attention. People seemed absorbed by their
own loss, if not directly. indirectly, through
the suspension of payment at the bank.
sToREKEEPERs WORRIED.
Many small storekeeper will either be
forced to close his premises or tide over
trouble through the generosity Of creditors.
Under any conditions the stoppage at the
bank will work harm in the neighborhood,
and it is possible that there will be a large
number of stores to let in the Fifteenth and
Sixteenth wards.
Every day reveals some sad circumstance
which resulted from the failure. Women
who had scraped together several hundred
dollars, and left it in the possession of the
bank, feeling assured OF its safety, were in
state of frenzy when they discovered how
badly they were left. Mrs. Hughes, who
has passed the fi.tieth milestone, and lives
on Thirty fourth street, put every cent she
had in the bank, and, on the collapse Of the
institution, she went into Mysteries.
Mrs. Roerr, the wife of the absent
cashier, said yesterday afternoon that her
father, Mr.. Ahlborn, director of the bank,
made statement to her substantially as
Director F. B Stewart gave to DISPATCH
reporter, and which was published yester-
day.
A PAYMENT COMING.
Mrs. Hoerr, however, said that her father
had told her that the directors at their meet
ing on Friday thought, after investigating
the affairs Of the bank, that if they were not
pushed they would be able to pay an INSTALL
ment to the depositors inside of month.
She said every depositor was certain to be
repaid in full if the bills due the bank are
lifted according to the time specified.
AS 10 MI. hOefE OlS6ppearaDce, MS
wife cannot account for it. She thinks that
it is possible that he may have become
crazed, and is not presentable, and that
some OF his friends are OBTAINING him until
he RECEIVERS, without letting anyone know
his whereabouts.
Major Hancock, of the Black Diamond
Steel Works, said yesterday that Mr..
Hoerr's father-in-law had told him that the
cashier was secretly fixing up the books, so
as to be ready for Mondays meeting of
stockholders. A great many reasons are
given for his disappearance, but up to the
present no definite information about him
can be obtained.
The colored employees of the Black Dia-
mond Steel Works largely deposited in the
Lawrence Bank, and the stoppage will work
misery among them. Many of them were
saving a few dollars to send home to the
South to their parents, who are less FORUM
ately situated, so that they might have a
merry Christmas. It is impossible, how
ever, to gauge the misery that will be occa-
stoned in the neighborhood by the banks
failure.
W. F. McCook, Esq, yesterday filed a
judgment bond given in his favor as trustee
by W. W. Young, President of the Law
renee Bank, for $4,000. The bond was
given to cover a debt OF 81 900, and was
placed on file as judgment.