The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-11-08
/ BUNKO MANS BANK.
The Swindling Operations of a
Kansas City Lawyer.
BANK FAILURE AT COREY, PA.
v.lss Rumor Against n Chicago Institu-
tton-Affairs of the Maverick
Pacific Coast Failures.

v.s.As CITY, Nov. THE Maine Banking
connany did not open its doors for business
~, morning The president OF the bank is A.
Z blanchard who is also manager and practi-
liz me whole bank. Blanchard quit the law
tusIness here year ago, went East, secured
A. m, eapital with which to start a bank. and
,.s.a;zed a company with the following direc-
.n,s A. r. Blanchard, H0ratIo Clark, OF Maine;
4 Harding, of Blackstone, Ill. Captain F.
y : watts and +. C. Barry. blanchard left for
a. East some days ago, and is now supposed
- ne In Canada His absence caused uneasi-
,a.s among the bank officers, and ut a meeting
4 = me directors today his arrest was ordered by
,.sgrsnh. He is charged with forgery and en-
h,rIemeat The directors charge that the
xsole ga pital of the bank is missing. Horatio
r,srk charges that Blanchard sold him a piece
Il proper:y here which he fBlanchard) did not
avn. delivering to him forged warranty deed.
= 4. Harding charges that he sent large sum
I i money here to Blanchard to be loaned, and
blanchard sent him forged securities appro-
rsa,jug the money to his own use. LAWYER
+ Iueock. an attorney at Bates college, charges
,hst $1,000 was recently sent to Blanchard by
/ n. college for investment, and no trace of the
money can be found.
roeyY. Pa, Nov. IA sensation was created
here this morning by the suspension OF the
| Corey National bank The news spread quickly
and created great surprise and excitement as it
vas believed to be perfectly sound. Inquiry re-
ysied the fact that the bank had been closed
4 hr he order of the bank examiner, who is in
ehsrre. The capital stock was 100000. No
statement has been made of the liabilities The
deuosi.s are close to $4,000. The failure was
due almost entirely to the fact that the
hank had been carrying large amount of
| rsper for business men in this section
and in the lumber country who have been un-
able to meet obligations. The bank had branch
Ia pittsburg, which was very important
source OF revenue. About a month ago the
comptroller decided that the branch must close
up in accordance with the policy not to allow
branch banks to do business. This move would
deprive the main bank of a large line OF BUSH
| ness and would hurt them seriously in their
present condition, and they feared it would cause
srun they could not stand. The officers say the
eepositors will get every dollar owed them
NEW YORK, Nov. THE president of a large
national bank in this city which is the principal
n correspondent for the First National bank of
sfChicago, received from l. J. Gage, its president
this morning, the following telegram in rela-
I ton to an anonymous letter published affecting
i the credit of the Chicago bank,
S,sThs writer OF the letter is crazy or fool
N ishy malicious, and not worth attention.
4 note that this morning our cash reserve.
1 liabilities. The New York bank officer said
/ that active measures were being taken to detect
i and punish the author of the letter to the full
extent OF the law Such an attack on the credit
ola financial institution like the First National
bank OF Chicago, he 4dded, is an outrage. The
bank is as sound as the Bank of England.
BOSTON, Nov. 7.-Comptroller Lacey said this
morning concerning the published reports from
Warrington City purporting to contain informa-
non obtained at the comptrollers Office, that he
Knows nothing whatever concerning any ma
aonal bank in Boston being in any trouble.
The run at the Five-Cent Savings bank is
| ended
Thomas Dana's bail has been reduced to $40,-
y 0O and bondsmen secured
Examiner Ever and majority of the clear
dlng'house committee say they know of no
n financial trouble in Boston, outside the Nav
n sricS bank, and that there is no examination in
\ progress OF any institution other than the
\ Maverick by the comptroller aud examining
u committee
~. JOSEPH, Mo-, Nov The United states