The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-06-23
MARSH FOOLED DREW
More Correspondence in the
Keystone Bank Matter.
LOUISVILLE BANKERS COLLAPSE
Rumers Causs Bfrminghsm. Ala, In
stitutson 20 Close Of
m Insurance Company.

p.n.nxrvyra. June IAN oziefaI copy Of
al tire eorrespondenes between Comptroller
Yseev Eank Examiner Drew and others with
v~fev~nce 70 The Affairs Of the KeystCns bznk,
which was recsiyed from the treasury depart
rect Isst week was made public tonight Il II
verv veIunalrous, asd much Of II ass already
49,, putalshed 10 connection with the snvesti-
rsfsor. Ia letter FROM Drew % Lacey he gives
e.. result Of his examination Of July
when he was informed Of President
T,uesss fsooAog deficit, and gives ia detail the
rnessurex be took 70 recover from ths Lucas
eetste He ssys that Marsh was ignorsntly Led
tate these transactions while cashier BIZ Lucss,
aod the istser On his dssthbed enacted promise
from MASH 70 continue the deception under
Representation tssss the money distracted would
soor return from Lsscxs' enterprises. Following
this n frequent Intervals, were letters and tee
Grams n, reference 20 the condition Of the bank
eud organization efsorts On February 10
Dreus snind was evidently changing
10 rsxsrd 70 Msrsh, for hs reported
that The dsysiopzasnts made him sus-
pseious Of thst gentleman. On February -
Comptroller Lacey wrote 20 Drew, urging
prompt rasasures 20 rehabigitste the bank, and
esyinx thst unIess sorns other way wes found
~ once be would order an assessment Of tns
efo<k After the assessment had been made
there wers many other communications, s,sd
Grally. March %, the comptroller autographed
Drew TO visit the bank ~ the morning. TIE
NEXT morning be received word % close r.. On
the name day Drew tslegrspbed LAGER, urgfng
re appointment Of q receiver without celay,
and suggested the name Of william Lynch. He
added that there were strong probabilities that
fhs benx woaid be reorgaBized by wealthy men
TIE same 9ay Lacey sent Drew the following
felexrnra, marked confidential.
Gail Al the southeast corner Of Eizhseenth and
Spruce streets et to'eIOcf this evening asd give
rfe mFrG
fs~s EncoarsEe all efforts 70 reopen the bank
ard give out no information except sBch ss viii
condncs 70 sast end and then with great care
On March z Drsw wrote q private letter 70
Iscey advising that 70 action be taken against
Nersh 20 hss services were Indispensable TO
ward TIE Investigation. Previous 70 Narshis az
rest q number % ist.efs passed iE regard 70 tbs
reorganization.
NASHVILLE. Term, June 1.-Ths Nashville
exvinrs bank, conducted by Judss and Max Sax.
closed IS doors this afternoon. The Hessrs.
Sax cssss that the suspension Of business vss
fa< 70 the strings3cy Of the money market ard
fhssf liability 20 get rediscouDts In the East
Thsy sssisse that they viii be able 20 reopen IN
o sso@sA ssd pay the depositors IN fall Their
aass.s arg fs65 9O1 AID their liabilities about the
sxrse.
RfrssssgAs. Ala, June Z2-The FIorencs
Esrcaes bans, Of Florence, Ala. closed 10
doom to-day. The immaculate cause 10 said 10 lie
this Sprss9 o. false reports, which caused
y1z On tbs h&ak- foue confusion seems 20
hare resulted 5y reason Of Mr. Fisn1tgan,
cashier 81 -shs AIs.sma Banking and Trust
Conpsny. having besn for o time also president
Of the Florenes National bank
EEw YosE, June Z.--Eepressntstiyes OF the
State Insurance department began an exsmina~
hon Of the STAIRS Of the ssw YORK Lie InsnY-
anes Company today. II WAS learned that
Bel Kan. lawyer Of Hungary. has brought
suit against the company In the courts Of that
coansry tDr tbs return Of premiums he has paid,
Plus per csnk interest. This action, II fs said,
g based upon . isx prohibiting mutual con-
psnlss from doing bushes joint stock
eenesrns. Tbs Sew YORK Lie is reported
10 hare tried 20 DO this and regis
tsred In lshS ~ share company.
which II 10 not and induced Kan 10 insure his
11Is 90 s3eh representation. Vice President
1bek sssd that the difneuity in relation 20 the
ezknp.1y DOT being o joint stock company had
hpen settsec II arose through g mistake in
ths frxnslation Of the concession from the Hun
enrfsn eoveynnsnt New papers, however, had
hesn fjed and there wss no longer any difficulty
81 shs nature Indicated
ksmnei Earth & Co., wholesale liquor dealers
Of this city and Baltimore. assigned today with
oaf prsiersnees-
HoLsEooK. Nass, June 2s-whitcomb Il
Paint. manufacturers o. calf boots. close their
factory this wsek indefinitely. This 10 caused
BY the unsettled state Of business through the
country.