The sun., 1891-06-25
NOT WANAMAKER'S OPENLY.
u,s KEYSTONE BANK STOCK WAS
ONLY PARTIALLY RECORDED

~. Certificate Book shows that o.01S
share. or stock were Issued to Hin,
Name or which Appears on the Stock
,.su.r-ue Raised Money on Them. His
uroker- piedrine Them In the Names
of Clerks and Other Persons.
pu,,,rr1rutA. June oar. NJ. Yardley. re-
..;,ar Of the keystone Bank, was the first witt
80 to-day before the investigating commits
90 NJ Councils. which has been engaged for
.ho ros, week in examining the books OF the
Keystone Bank.
Wr Yardley identified the 2.5l6 shares Of al
,.oed oyerissuod stock dating from July 23.
1854 to Dec. /, lS9O The stock was signed by
Iobn Lucas as President. Gideon w. Marsh rs
Cashler, Granville b. Haines ms President. Cid
.on ". Marsh Ms Cashier, and by Marsh rs
presidcnt. and John Hayes as Cashier. The
s,oek originally stood in the name OF John G.
Lucas. but had been transferred by him TO a
.umber Of persons. These persons were merely
-sirav men," their names being used whom
the stock was pledged 10 borrow money on.
Ths receipt OF Bank Examiner Drew when tho
stock was delivered to him by the attorney OF
Tho Lucas estate was also put in evidence.
At the request OF Mr.. Elting Mr.. Yardley
vent over tho certificate book and showed
~
,ssued in the name Of John Wanamaker. The
name OF Mr.. Wanamaker docs not appear on
the stub OF tho certificate book as having re-
seipted for the stock. but Mr.. Yardley said
that It was not uncommon for people not to
have receip,ed for their stock. Mr.. Yardley
said that the alleged frauduleat stock had
been turned over to him sealed In an envelope.
but the certificates issued in Mr.. Wanamaker's
name were posted In the certificate book. Mr..
Yardley said he has made no effort to trace the
stock issued in MIR. Wanamakers name. and
does not know whether it is substitute for
the fraudulent stock.
MI. Wanamaker's name does not appear on
the stock ledger as the owner OF the stock.
Mr. Yarlley did not know whether Marsh
ever issued any fraudulent stock while he was
President OF the bank. Neither had Mr.. Yard
ley any explanation to offer as to why some OF
the fraudulent stock said to have been placed
IN Mr.. wanamaker's hands during the lifetime
ofMr Lucas bears the dato Of 1880. nearly two
years after Mr. Lucas's death.
Edward W. Toland OF the stock brokerage
firm Of Erwin 4 Toland identified all fraudu-
lent atocx certificates but one as having been
used by his firm to raise money on. The stock
was given to them by Mr. Wanamaker on
which to raise money, and was by them hy-
pothscuted ut various financial institutions.
The stock was brought to them at various
periods OF the years 1887, 1883. and 1889. Mr..
Toland said he did not remember in
whose name the stock stood. Some OF
the stock was transferred In the
name OF Howard Spencer Jones. and
tho names OF clerks in his tTolands)
employ, Jones', Mr.: Toland thought. was a
stock was tran sferrsi aud hyroihecaled in the
names Of the emplosees OF Erwin y Toland
A. o.hesi NJ was the Actual
book and was asked to trace some Of the stock
that appears there in the name OF John Wapa-
COS Tor Gas shares. and said it must have hoen
pledged with his firm. as their name appears
4ns4hs hack. guaranteeing the signature OF
fhe iirm OF Erwin Il Tolaud mover had any
@ss ha! the soraIlsd stick Was
Ths stock was returned to. MI. .Wanamaker in
February or March last. Mr. Toinnd thought
that only one OF the certificates for 200 shares
vas the stock originally given to them by Mr..
Wapamaker. but the certificates represented
stock Of equal value.
Granville y. Banes. director. Of the Key
thai he had signed th. alleged frau dulent stock
had been brought to him tv Erwin & Toland to
transfer. and he had signed it. He never knew
seE %as NJ Hanss could 1as nos
account for the act that The names OF certain
men appeared on the stock certificate hook
and not on the stock ledger. Henry II. Yard
was called. hut by the advice of counsel re-
fused TO he sworn rending the criminal charge
stone BanE. gave the same explanation OF his
Signature on The oyer-issue OF stock as given
BY Mr.. HaInes.
Mr. Yatdley was recalled and identified cor
te,fcates $50 and Aga. issued in the name OF
tnhn Wnnamaker and the transfers signed by
em. il was shown that from the time that
Marsh made his confession OF the BANKS con-
dition In January to March 3 many shares OF
stock were transferred. rhree Of the directors
feered about u.s.
among the transfers on the book was one OF
ham from John Wanamnkcr Tho transfer
was made under the date OF Nov. 10. 1890.