Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-30
WRAPPED IN GLOOM.
The Bank Building Drsnry and the Publ

The Bank Building Dreary and the Public
in the Cold-PresIdent Young Is Very
Much ,OOO New Assets.
The affairs inside the Lawrence Bank
Yesterday were unchanged. The same secret
air that pervaded the interior Of the building
when the doors closed against the banking
public still hangs around the place. Nothing
could look drearier than the closed build
ing, with little piles Of snow whisking
around the crevices, giving it the glooomiesi
appearance possible. Few people cared to
loiter about the place.
Assignee McKelvey was within the build
ing all day working assiduously at the books,
unearthing many a sad tale of woe which
the ponderous volumes reveal, and which
will be known to the public when the state
ment is made.
Quite little conclave of depositors gath
cred in the cozy Office of Senator Upperman,
talking over the banks condition. Mr..
John Williams, a saloonkeeper, who was a
depositor in the defunct bank to the tune of
S7,750, said that he boarded the car last
Tuesday and noticed President Young sit
ting at the end of the car. The President,
he said, aYerted his head when he entered
the car, but he wanted to know the prospect
the officials had in view for the depositors,
so he went up and spoke to him. Mr.. Young
told him, he said, in an exulting voice, that
they (Assignee McKelvey, Cashier Hoerr
and HIMSELF had just discovered that they
were able to realize about s14O, 900 on Long
& Co. s security.
THOUGHT IT GOOD NEWS.
Mr.. Williams had hardly got this state
ment out Of his mouth when Senator Upper
man, who was intently listening, jumped up
in a startled manner and calculated: lis
that SOP The Senator appeared pleased
with the news, and said that if it was true,
the depositors will get more of their deposits
than expected. The Senator remarked: eff
Assignee MeKelvey, or some officers of the
bank who has an intimate acquaintance
with the present state of the bank, would
give US a statement as nearly correct as they
can, we would, as a depositors' committee,
stay proceedings and wait future develop
ments 1t seems to me, however, that the
men who know anything about the banks
affairs are as cold as the frigid zone, and no
amount OF misery and distress seems to pene-
trate their stolid hearts so that they will
give statement and relieve the terrible sus-
pense of ruined depositors.
A smile of satisfaction rippled over the
depositors' faces when Mr.. Williams told
them President Young's admission, that he
could realize S140,0 900. A number of them
began to figure up the assets of the bank,
and things began to look a little more
roseate and inviting than the weather did
outside.
Mr.. 2 B. Stewart said that there had
been no new Developments in the bank, but
Mr.. McKelvey would be ready soon to make
a statement. He said no director of the
bank had borrowed any money from the
bank, for which he felt thankful. All
II l. r
was deposited in the now empty Golfers,
and he was out in the cold like every other
depositor. Mr.. Stewart admitted that the
officers of the institution were careless, and
. he assigns the failure partly to that cause.
He thought the information which had been
made by Mr.. Thomas McCaffrey was over
doing matters. He believed the President
and cashier were strictly honest in their
transaction of the banks business, and he
felt certain neither had missppropriated any
of the depositors' money for their own use or
profit.
MR.. YOUNG EXCITED.
Mr.. W. W. Young was subsequently seen,
to ascertain if there was any truth in Mr..
Williams statement When the reporter
met Mr.. Young he was in a state of wild
excitement, throwing his hands about in a
frantic manner. He e'strongly averred that
HG Hdd suuL OOhu on ali ISpOEbcIS,
because they had misQuoted, misrepresented
and maligned him, fe3 which he felt righte-
ously indignant. HI was in an extremely
nervous condition.
Is it true, Mr.. Young. that you can realize
Sl40, 900 on the security you hold on Long q Co.'s
mills?
will neither affirm or deny the statement,
absolutely refuse to talk upon the banks con-
dition; have washed my hands of all con-
nection with the bank. and 1 am content to
await results, whatever they may be.
Is there ANY truth, Mr.. Young, in the report
that you put 1000 into a copper syndicate
which finally collapsed?
At this question the President of the de-
funct bank rushed across the hall, with both
arms extended, evidently determined to
eject the reporter from the house; the latter
was expecting violent sortie on the part
of the President, but none took place, and
he left the vehement man to the working of
his own troubled thoughts.