Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-04-26
BANK SENSATION.
Latest From The Shoe and
Leather Bank Of Auburn.
lst1odist Conference at Brunswick
Shoe lsd Lsathal Bark frouble.
indictmsuts in Waldo couniy-BsI.
last Shipping News.

LEWISTON. April 25.-The Boston Sun,
day Globe printed the following on the
bank sensation: Marshall c. Percivl re-
fuses to die. In fact he gives evidence Of
recovery from the pistol wound which be
Inflicted upon his heal at An early hour
Friday morning. The ball, in the opinion
Of the attending ph5 siclan. is lodged in the
nasal bone and dees not threa.en the mani .
life. IS his temperature ard pulse indicate
= normal and healthy condition.
The prospects sre that he will recover,
and with this hope comes the inquiry ~ 10
what will be done with him ~ soon 90 he is
able TO face the law. His friends have
been beard to express the wi.h that be
would die and by desth escape the dishonor
and disgrace Of death At Thomaston.
As far as the directors and ofiicials Of the
bank are concerned they have no desire to
prosecute. Pe,cival holds even now their
sympsthies and his wife and children have
their earnest support. II be goes to prison
II will not be by any pressure brought to
eear by them; IL will be by the stern de-
mands Of the law as xercised by the United
States prosecuting officials of this district.
1t may be that mitigating circumstance CT
may yet save him from the dnsi penalty.
The Globe was the centre Of interest for
the people Of both Of the twin cities today,
as i. brought to them the first
authentic news Of the attempted
suicide and defalcation. and all
classes dsvoured its contents with an
svidiy which has greeted no other sensa-
ton in this vicinity 10. years. 1t was not
org after the large bundle which was
dropped here arrived when the lsst paper
~as sold. Although this demand for the
news vas apparent on all sides, there was
no other indication of the financial Diff
Guilty which had disturbed the city. There
vas no run on the bsAk. ard business pro-
srsss In its usul conservative way.
This fact in itself Is the source Of much
astonishmen:. In the same building with
the National Shoe and Leather Bank is the
Mechanics Savings Bank, with long list
of poor people as depositofs. The business
nterests of both these Institutions are
aesrly identical, yet the monetary troubles
Of Percival have caused no apparent sus-
yiclon or disquie!ude among the workin <
people whose little all 10 there deposited on
interest. 1t is the general confidence Of
the men who are supposed to know all
things that have supported this feeling Of
security, and the frs. to cry wolf would
stir up panic, the result of which it would
be impossible to foretell.
George b. Bisbee is the savings bank ex-
sminer he came to town today. He said
thst he had the fullest confidence in the
savings bank, in fact, so great WAS bis con-
fdence that he announced that hs would
not make an examination now because it
might occasion uunecessa alarm, and start
that, OF all things 70 be dreaded, run on
the bank, which would iDjure nobody SO
much as tie poor pscpls who would lose
nothing bus theif interest. Bank examiner
Frank W. Parker worked all day today on
he booss, and when st late hour tonight
ne finally gave up through WEAKNESS he
thought that ia day or two more his task
would be over. He would no. as yet give
out statement, and ssid he would in all
probability delay the announcement to the
public untI officially notified so to do by
tle authorities at Washington.
The Dc fci. would appear, on the present
indications, to vary between 10000 and
500 900 but this does not by any means
indi ate The loss that may fall to the bank.
The bank off had been gathering
in sli the a:ssts which they could collect Of
Mr. Peroival, whose mind remains clear
and who is giving them all the aid possible.
The ex cashier held 800, 600 worth of stock
Of the Msins & New Hampshire Granite
Company, upuu which nearly that amount
can be realized. Yesterday he signed deeds
conveying to the bank people his own
Homestead, which had been decided to his
wife. ard which she surrendered t) help
her husband through. This property is
valued at $1,000. and Is conveyed to Presi-
dest Ars Cashman Of the bank. Besides
ihis property there was also entered at the
register. office, Friday. on transfers from
Psrcivsl, q LOT valued at $500. in which
School Teacher W. A. Stason is part
owner, and another of Sf00 value for future
registration. The banks hold $50, 600 in
policies on Percivafs weakening life, The
unstable valuation of the real estate, the
unknown marketable value of the granite
company, and the Idle to win" character
Of ihe policies do not permit Bank Examioe
Pafk4y to inclade such securities as assets
in his reports, 90 that the bank directors
have more assurance Of the successful out
come Of the present difficulty than he.
They are confdens, while he can only
report the official showing.
One Of The strange features Of the whole
transaction is the singular confidence which
the bank directors bad that their S2500 a.
year cashier was 30 placed - to be able
10 do ali that he Vas doing on that narrow
smourt This blindness is still more IN.
scou table through the fact that one CT the
a
aud was associated with him more or les.
ia his several schemes. This director
name WAS George G. Wing, who is spoken
, Of as being a shrewd lawyer Of the county
Amopg the companies with which both meu
we're more or less connected were the bsnh
| in question in which Percivsi had $4,000
! the Eureka Hosiery Company, which is MOI
expe cted to make great showing, and thc
Anturl Steam and PoEey Company. Sc
it has become the general comment thai
Wing wss 10 the best possible position tt
| be aware as t. what was going on and to bs
| able 10 soqusint his feilow-directors of TIE
| business doings of the cashier. Presiden
Cushman vas asked tonight IL Mr.. Wini
| had even gwen the directors any warn
ing. and he replied that be had not done 81
| TO his knowledge. He though: this coutt
| be best sccouniei for by his opinion ths
| Mr.. Wlng had 10 kaew edge of any sh1rs
| ceming.. As TO- Mr. Wing himself, ssit
lie was only couf ested with Mr.. Perciva
! ia IA obbsing sort of way, just to assis
| him to f3st bis companies, lie having M
| 3 cub. Of their solidity.
| The fact that Mr.. Percivsfwas cafry!n
| 500 600 life Insurance at q premium o
| 5000 yesr, or $500 more than his ssisr
| & -es not ieem TO have occssioned any com
ment.
Among other concerns with which th
cs.hier's rsme is coupled is one of syHdl
cafe OF I2 men who own 500 shsres nt th
Ls-i-tcn Mill Company, the M. Craft