St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-20
FRAUD CHARGED.
Many People File Petitions
Again & Banker Kean.

CHICAGO. DEF. 1875. A. Kean, the banker
who made an assignment yesterday, was
brought into court this morning by deputy
sheriff looking very pale and worn. MIR
Kean was arrested on q warrant last evening
on the charge Of accepting q deposit or
81, $50 when he knew that MS bank was in
solvent. On DISCRIMINATION, Mr.. Kean
stated that he had had a statement drawn up
hastily three DAYS before the assignment
which was as follows:
Liabilities: Deposits, demand, S :S3, 276;
deposits New York, 1000; deposits sun
dry credits, $4,000: deposits (branch),
S10n,u0O. Total, S5.S27
Of the above about SlOI,no0 on time GER
titicates and otherwise on time.
Assets: Bills receivable. S27O, 900; stocks
So ,O0u; government land script, S57.SOU;
cash Oh hand, due from banks and in transit,
Slu0,o"O; syndicate due from other fond
houses. Sl5,OuU; margin on loans and pre-
MUM on bonds, SSU,UU0: bonds and mort
cages on hand, $4,000. Total, S6U3, 500.
Our deposits have shrunk since Dec. l
about Sl95 900 This statement is about
Sl,ue0,O0U less than that made by Assignee
Jacobs yesterday, but MIR. Kean said the
statement might not be exactly reliable. Mr..
Kean estimated the average daily deposits for
the past thirty days at S4O.U0U to S5U, UuO
The 500 OU0 could be realized on the bills
receivable: The S57,OUO worth OF land
scrip scheduled in the assets Mr.. Kean ad-
mitted was all hypothecated in New York,
and that IL will take ST., 0J0 to secure it.
The statement showed 100000 cash on
hand and due from banks in transit. This
Mr.. kean said would not apply at present,
and So9,OUO would cover it. On further
examination Mr.. kean admitted that the
loans and premiums on ponds put at
SS0,oOu in his statement would not yield
oTer S45.UUu. Mr.. kean said that there was
q large amount of personal real estate in the
hands of the assignee which did not appear
III his statement. In summing up Mr.. Kean's
statement, the counsel for the depositors said
that it did not look as though depositors
would realize over 25 cents on the dollar.
Among the petitions fled in court to-day
was one by Esther Pugh, treasurer of the
National Woman's Christian Temperance
Union, who says that Mr.. Kean received
from her Dec. note for $1,000, and mort
gage bonds as security, and Dec. II $l,OJ3,
and Dec. Il 1892. while aware that the
bank was was insolvent The .i document
right of petitioner, with intent
to cheat and defraud petitioner" Another
petition was filed by the Woman's Temper
ance Publishing association to recover
Sl,714, deposited in Kean's bank Dec. II. A
third petition was fled by Mrs. Matilda b.
Carse TO get S625 deposited on the day pre-.
vious to the failure. This was money be-
longing to the Woman's Christian Temper
ance union restaurant All these petitions
charge fraud and declare that Kean took the
money after he had determined to make an
assignment. Other petitions were presented
by individual depositors.
WILKEsBARRE. Pa. Dec. ia sensational
failure was made public here this morning,
the heaviest that has occurred for many
years. The dry goods store and the carpet
store conducted in the name of F. !. Orr. of
Brooklyn. N. L., were made subjects
of closure by the sheriff in judg,
ments in favor of Frederick Vielor and
Achelis. of New York, in the sum of S27.-
o, and the sheriff was directed to make cx-
ecution this morning. News of the pending
failure leaked out in some way, and last
night at nearly midnight Boyd. White d
Co, of Philadelphia, secured n foreign at
tachment against the property, their writ be-
ing served at an early hour this morning.
thus forestalling the execution in the hands
of the sheriff. Boyd, White d Co. have
given bond in the sum OF Sl2,00' ), and re-
tain possession of the disputed PROF. erty
The stores have been popularity known as
Orrs fair here and in Brooklyn, N. Y, and
have been the subject of much sensational
litigation in the last few years. Though the
business was i'll the name of Mrs. Flora /.
Orr, it was conducted by Joseph Ii. Orr. her
husband.
BosroN. Dec 19.-The creditors of Whit
ten, Burdette IL Young, clothing, to day
voted to accept 90 cents on dollar. payable
in three, six, nine and twelve-month notes,
eaehfor % per cent of the amount, with
per cent intesest fIom Jan. l, 1891.
NEW YORK, Dec. l9.-Viemister Brothers,
dealers in diamonds and jewelry at So
Fifth avenue and 313 Manhattan avenue,
made an assignment to- day, with preferences
of $500.
NEW York. Dec. 19-Bleeker s. Barnard.
John F. Scannell and William II. Barnard,
dealers in plumbers at 1876 William street,
made all assignment to-day to George A.
Drake, with preferences of SI5.OUO.
MIDDLETowN, N. Y, Dec. 19.-E1-Sheriff
Benjamin w. Winner, of Liberty, sullivan
county, has failed with liabilities between
$4,000 and SO. 600. and probably no assets.
He was a dealer IN wood, and did a large
business with the Haverstraw brickmakers.
BRoCKToN, Mass. Dec. 19.-Thomas G.
Jones, dry goods. have resigned. The liza
bllitieS are said to be $4,000 and assets
S2O,0U0. The business will be continued
, for-the benefit of the creditors.