Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-06-10

beea securea uoa - usder soas
ta~ss ioaEs Ne paid per osak interest 21a
tn-s we're al paid OF as fAey oeeane dus.
a-c act 41o~ tasE az enotEer ha. ALTERED BAL
tor Mr. Marsh unttl rad the facs = tAs ness
E@pers allie "a ths vest tr2ss.fags
Concerning the bogus stock, Mr.
a anaznaker said he thought John c.
Lucas. the former president Of the
sank. was rich maa, and asked him
- ~ into deal on Reading railroad
stock. Mr. NznamaAer said.
Tbs ssrseEaesi between Is vas verbal and
70 sLis edect that DR. Lacss was q personally
sa9p.y certssn SINS Of money. as 1 called sor
tAst1, Aaa dEposit tie same 10 M personal
aecspat "a tie K-ystoGe 0sak Ia accord
snee AHA saat agreement fro1 sine 10
lime c1ex checks On fAss sceoust - the ex
teaE q @e0as s-l0o against the money whlea
l believed va deposited by him, IS per
wa.sa notified Mr. Lucas thai 1ld~r eur
esresirect 4aoney was needed he brought
TIE stoeas u the ksystons bSnk watch be re-
e4esief - IN lieu Ct the moaey. as II
as a6t convenient for mn 10 furnish cash At
rae 2alr- As a result. waen he died 1 had IN
~ POSSESSION ssIS shares OF The keystone
DaaA- - resolved ~ Dle from nlz-
alter his DEAN / found that he had not
made tas Gepossis 20 my credit. IS he agreed.
ana that my account stood overcrawn When
discovered this could lot hnd any explzna-
tloE, AID attributed II ~ some oversight. I
il4med'2fely made the account good ey
ciossns II Win commercial paper re
eelsed IN my basiaess. which vas all day paid
AF. Lucas. therefore. did not IN reality furnish
penny to ne for the purchase Of the Read
Ing st0ck that I hold, and al had for his
share in TIRE operation was the certificates OF
stoez G; the keystone bank len with lie a.
collateral
Il held Tits bank stock subject TO On ad-
I iustment Of the account. and SIR. Marsh and
Mrs Lucas called en- re In relation 10 It, ban
40 settlement Was made. though the former
va very urgent No intimation was given
! that tie stock was irreg7larly issued until Mr..
| Marsh shortly after the run the bank in
December las' called IL In question and de
Z sired u nave the stoes returned 20 the bank
/ This 1 declined 10 do first. because | had
not obtained IL from the 0ank. but from joan
L G. Lucas Individually a. his private property;
! secondly, because l did not believe the
stock in ny possession was overissued, aud
no proofs were ever offered that such
I vas the case; and thirdly because MAS by nc
. means certain that II the stock was over
L issued - stated my title against the bank
i would ne ia any way Affected | simply con
4 sidered the statement as an extreme effort q
get possession OF the stock which
/ felt Justly entitled TO retain. [ ma.Ntainec
this position until the benk was closed. ant
then. recognizing that the stock had no mon
eyed value and being further assured the Il il
/ was surrendered TO the Lucas estate IL ~ou.s
help in the rehabilitation OF the bank. saw
/ nothing TO be gained by retaining n aud there
! fore surrendered IL when II was requested.
4 About o'clock the night preceding the DAY
| the bank closed Nr. Marsh called on me II
| Washington 10 say that he had been TO III,
| comptroller and informed him Of his donb
| about tbs stock and asked me whether coul,
IN any way help tho bank. ! said: No and tn
! interview closed in three minutes. / had n,
! communication with u living being between
that time and tue closing OF the bank"
In an exhaustive cross-examinatior
| Mr. Wanamaker said that the stool
had been bought at about Sc per SHARE
and that Lucas had advanced, as h
supposed. 81, c00. coo as his share of TIT
deal, as SO represented by the ISL
shares of stock When Lucas dice
WanamalSer shouldered the entire re
sponsibility. 1t is said that he is car
rying good part of the stock to-day
which is worth SIS.
Bank Examiner Drew in his test;mo
ny said that the now fugitive presiden
of the bank tMarsh) had first told hir
of the overissucd stock and that he tel
Marsh II must be returned. Thi
took two weeks. which Mr.. Drew Ell