Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-07

I
He Ruined It-No Arrest for Lootine
/ the Bank Yet-wanamaker and the
Keystone Trouble.
ESPECIAL TELEGRAM TO THE DISPATCH
PHILADELPHIA, June 6.-Magistrate
Devlin this afternoon issued warrant fol
the arrest of Ephraim Young, one of the
directors of the Spring Garden Bank, and
he was arrested at late hour this after.
noon. The affidavit upon which the war.
rant of arrest was issued was made by one
of the directors of the Millward Cliff
Cracker Company. 1t embraced a grave
criminal charge against Mr.. Young, grow
ing out of the failure of the company. The
failure was caused by the Wrecking
of the Spring Garden Bank, and
was due to the fact that. a
large amount of paper of the Spring Garden
Bank, or of Francis w. Kennedy, was in
dorsed by Young, as President of the
cracker company. Then, it appears, Young
loaned considerable paper made by the
company to Francis W. Kennedy, and the
consequence was that the concern could not
meet its obligations. The charge which was
made by I. Brown Belfield was that Young
conspired with Francis w. Kennedy to
cheat and defAud the Millward Cliff
Cracker Company out of promissory notes
amounting S34. 900. He was held under
$40, 600 bail for a hearing on Wednesday
next.
The arrest of Directors Young and Evans
on the charge of aiding and abettirg the
kennedys in looting the Spring Garden Ma
tional Bank did not take place to-day,
though General Fisher, the receiver said
to-day that their arrest in the near future is
o1,oh1 10 &ha
says that it is certain.
The persistent attempts made by what Sir
Julian Pauncefote naively describes in his
dispatches to Lord Salisbury as the "oppo-
sition journals" to drag the name of Mr.. John
Wanamaker into some discreditable con-
nection with the keystone Bank scandal do
not appear to disturb in the slightest degree
the serene equanimity of the Postmaster
General
Mr.. Wanamaker does not hesitate to say
that he would appear and tell all he knows
as a witness, but there seems no more reason
for calling him or any member of his firm
to the stand than any other depositor
John Wanamaker was depositor in the
Keystone Bank, but not as an individual or
an official, but as the firm bearing his name.
Discounts were not made on his personal
note, but on legitimate commercial paper or
on sound collateral, as the books of the
bank will officially show. This cannot be
construed as personal favor
Mr.. Wanamaker, as Mr. Lacey himself has
stated, knew nothing whatever about the
delay in appointing receiver nor had Mr..
Wanamaker any knowledge nor did he re-
quest the appointment of a certain person.
Mr.. Wanamaker was on the Pacific coast at
the time, but Mr.. Lacey's own denial of this
false charge settles it without further notice
from the Postmaster General Mr.. Wana-
makers maligners, however, see a political
point to make in all this, and do not listen
to facts. One of the points in the attacks is
Mr. Wanamaker's credit, but whenever
made they never cause ripple in financial
circles in Philadelphia, where Mr. Wana-
makers credit is so solid.
Postmaster General Wanamaker has been
asked to appear before the. Councilmanic
Committee. The letter was delivered to
Mr.. Wanamaker at his country residence in
Jenkintown tonight Auditor General Nc
Camant and John and James Dobson, the
latter bondsmen and assignees of Bardsley,
have also been subpenaed.
The mystery Of the $3.50, 900 of State money
which ex-Treasurer John Bardsley saws he
deposited in the Keystone National Bank
has been cleared up. The missing money,
which has been the great conundrum ever
since Bardsley's arrest, has been traced by
Receiver Yardley, and that official has ac
quainted several members of Councils in
vestigating committee with his discovery.
but all of the gentlemen in the secret posi-.
lively refuse to tell what they know until
the meeting of the committee on Monday.
Receiver Yardley said: II know all
about the missing State money, where it
came from, how it came and where it went.
too"
"Was the money ever deposited in the
bank?"
a ''That-squestion can only answer in an
official manner, and the time for speaking
upon that point is not now."