Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-06-09

| checks on that account to the extent of about
| go. 900. against the money which believed
was deposited by him as per understanding.
| Upon several occasions when l notified Mr..
/ Lucas that under our agreement money was
needed he brought me stock of the keystone
Bank which he requested me to use in lieu of
| the money. as 1t was not convenient for him to
| furnish cash at the time.
AS a result, when he died had in my pos
session 2.5l5 shares of the keystone Bank, so
received by me from him.
After his death | found that he had not
made the deposits to my credit as he agreed
and that my account stood overdrawn. When
discovered this l could not find any explana-
ton and attributed it to some oversight.
Immediately made the account good by closing
1t with commercial paper received in my busi-
ness, which was all duly paid. Mr.. Lucas,
therefore. did not in reality furnish a penny to
me for the purchase of the Reading stock that
hold. and all l had for mis- share in the
operation was the certificates of stock of the
Keystone Bank left with me as collateral.
Il held this bank stock subject to an adjust
ment of the account. and Mr.. Marsh and Airs.
Lucas called on ME in relation to 1t. but no set
Element was made, though the former very
urgent. No intimation was ever given that the
stock was irregularly issued until Mr.. Marsh,
shortly after the run on the bank i'll December
last, called 1t in question and desired to have
the stock returned to the bank This declined
to do; first, because had not obtained 1t from
the bank, but from John &. Lucas individually
as his private property; secondly, because l did
not believe the stock in my possession was over
Issued. and no proofs were ever offered that
such the case, and. thirdly, because / was
by no means certain that if the stock over
issued. as alleged, my title against the bank
would be IN any way affected. / simply con-
sidered the statement as an extreme effort to
get possession of the stock, which l felt justly
entitled to ret tain.
Il maintained this position until the bank
was closed and Their that the
stock had no moneyed value and being further
assured that II 1t was SUR enGered TO The Lucas
estate 1t would help in the rehabilitation of the
bank. saw nothing to be gained by retaining
II and thereupon surrendered it requested.
could In this way lose nothing myself. as
that which ] surrendered was yalueess to me-
but might possibly help in the reorganization
OF the bark and save others from loss Being
collateral holder under the law L could not
be assessed upon the stock hence any SUPPOSE
ton that parted with the stock to avoid as
sessment Is without foundation in fact.
AS To Mr.. MARSH.
'Inever had any business operations with Mr..
Marsh individually or with any firm or corpo-
ration with which he was connected except the
bank of which he was frs. cashier and then
president knew him but slightly until after
Mr.. Lucas sickness and death. when he became
the active manager of the bank and had most
TO do with settling the Lucas affairs. For the
4''St yeafs ana nan nave le1t my mer-
I"iltiIe ouS,Icss UTMOST "hohy 10 my partners
Occ'slohahv nv Marsh would call on me on
hoIua! mornings When III the city
Last autumn he claimed that the bank had
s'r"ihtu ltSeh 10 help lts customers ana that he
""n s help; anu we pau on an our discounts
as ias' as tnef zen que Later on when the
run came and he gradually lost by withdrawal
not only his discounts but all but one or two of
his directors he used to come to me and TO my
nrm, saying he had no one to go to. He
5G5eu me ever! IhlhS was right, precisely as he
u I 1he cledrl9 mouse. AIter the bank took from
'Ie Lucas es'a'e the Johh Z. Lucas building
anu se;'shore property ne endeavored to get me
~ 10 puy one or o'her or Doth these properties
:. .Isou ine 70 io.'h my paper LOT use
az tne clIaInS mouse 10 recover other coliat-
eraIs pleuged there All OF which declined.
LIZ, eiei uieh' war tIat II the pahk qua
ho 'i 20 Oh 'ile Sioeh Oh tne Dank that held as
soIiiterai "ouiu De Worthless; ne stated that II
y ProNeu tnal any ol tne STOCK IN my hands
as ho' properly lssueu ne Deneved ne
Io.iu set stpcA rom o'ners ana MAKE IL rlght.
T e. - = IA -. ie o oe neiu u! tne
lucas esti1leI uiu NOT care LOT the STOCK, out
wanted .an lhe lucas estate 10 settle with me and
I'm. IT, anu 'ilereiore uechheu 10 Duy the real
eS.a,G-
Apou, o o CLOCK the night preceding the day
Ine oank closed Mr. Marsh called on me in
trolIer md infor;noJ ~, 90 I;. a ~ VIC
the stock and asked me whether / conld in snv
way help the bank. L said no. and the inter
view closed IN three minutes had no COM
~ win vihS Deing between that
'' ne ~ aua .i,e a IhtGsins Vi .ne pank.
:, INV y, LotnilS aoou. the amount OF pur-
oiases . vi Ieduihs secur made by Mr.. Lucas
"P.' I me, eAeePt 'nts they were unlm-
P Tt an. 600 oeAeNe 'he Proht ne maze on one
sane % I;ooo siares woulu cover the loss. II any
Air- Lucas alea august Is. 1855 nearly three
seas "S1 ine nea'S ueeHhe IN heading Sc
e ne piu not come III MS hlet ihe' before
NE uea.u, VI since, no' penny mas come TO
me me 80 Iar as hho" from any source into the
'eauhs opeIatl1h, ana 90 not know OF nor
DeheVe 'hat harsh or the Lucas estate invested
any ihoileh AZ i'e"uihS' Inc casn ne was 10 put
UP ne iaLieI 10 put up anu the last stock
ne FURNISHED as eoiiaterai was delivered to his
estate
- pehese nave covered every point which
has DTeh OF can De discussed In connection with
my Ieiaioils 10 lhe Lucas estate, the keystone
bank or the failure OF that institution. So far
a. my Doors anu accounts are concerned. any
properly auihCrlZei committee may examine
theh DIS wen as an Engagements or papers which
nave Deen referred 10
AT any Tune III Is supposed that l am
possesseu Oh any facts, or can give any in
tOthduoh reiatNe 10 tne ISSUES now before
S'u, can reAdiy be called and Will promptly
RESPOND.
CROsS-EXANINING Mr. wANAMAKER
Il understood Won 10 say said Nv E,,;ro
III. ,,Ito,;,,, ~ -. - ~. -. 20
- '-o =" On INC Ne! S'ohe DahA
you redGceu your oeposlts!