The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-05-23
PHILADELPHIA BANK FAILURES.


State Funds Lost in the Keystsne-Ab-
sconding President Marsh Not Caught.
HARRISBURG, Pa, May 22.-The auditor
furnished Governor Pattison with a state
ment this evening of the account Of City
Treasurer Bardsley, of Philadelphia. with
statement showing that the net balance
due the state is 1878 The auditor will
take the necessary steps TO protect the
commonwealth.
PHILADELPHIA, May 22.-Clearing-house
due bills issued by the Keystone National
Bank and given City Treasurer Bardsley
at various times that $3.50 of state
none, were deposited, are not worth the
paper they are written on, unless the as
sets of the bank include more deposits
than are shown by the ledger. These due
bills are issued by banks belonging
to the Philadelphia Clearing house
Association for the accommodation OF
depositors. IL Mr.. Bardsley, when he
received clearinghouse due bills from the
Keystone National bank, had Immediately
redeposited them, the bills would havs
been presented at the clearinghouse the
next morning, and If the Keystone bank
had been creditor to the amount Of the
bills they would have known that
by keeping the due bills. He was sim
ply specializing upon the solid
ity of the Keystone bank. The
bank is not at this time a creditor
at the clearinghouse to the amount of tho
due bills now held by Bradsley, and they
are, therefore, worthless. AT the Office of
the United States marshal this afternoon
it is stated that the rumor that Marsh, the
absconding president of the Keystone, had
been arrested in Montreal, has been inves-
tigated and is found to be without founda-
ton.
Public interest in the sensational devel-
opments in the affair of the Spring Garden
and Keystone banks, the flight of the in
Gicted president of the latter institution,
and the resignation from office of City
Treasurer Bardsley, continue undated
today. William ii. Wanamaker, one Of
Marshs bondsmen, this morning Of
fered reward of s., 900 for the arrest of the
fugitive and has employed detectives TO
run him down. An attachment was taken
out this morning against the Bradford
mill, of which Treasurer Bardsley was
owner, by two of his sureties on the bond.
This morning Bardsley made an assign
ment of all his property for the benefit of
the city.
Company failed yesterday, and William
Villas Hill, president oil the company, i'm
mediately afterward committed suicide.
He was 80 years old, and a nephew OF
Senator Villas. The failure of the firm
was directly due to the failure of the Lynn
Davis Shoe Company, which owed the
Hill Shoe Company between $4,000 and
500. 900. The liabilities of the company
are about s4O0, 900. and the assets 500, 900.
The creditors are principally Eastern
parties.
BosroS, May pa news bureau says:
From good sources it is heard that the
liabilities involved in the assignment Of
Joseph Davis win amount to $50, 900, and
that so cents on the dollar may be realized
by the creditors.
The announcement of the assignment Of
the Hill Shoe Company, of Memphis, and
the suicide of its president, consequent
upon the suspension of the Davis Shoe
Company, created quite a stir in this city.
1t is stated that several shoe and leather
concerns in Boston held Hill Shoe Com
pany paper Endorsed by Mr.. Davis.