The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-06-04
THE KErsroNE BANK FAILURE.
Somptroller Lacey's Defense-The Phil
adelphia Investigation.

ScmptfoAef Lnceyss Defense-The Phil
adelphia Investigation.
WAsHINGTos CRY, June 3.-Referring to
the criticisms of his bureau in connection
with the Keystone bank failure of Phiia-
delphia, Comptroller Lacey said TODAY that
as matter of fact both the closing of
the bank and the appointment of q receiver
were ordered by the comptroller against
the wish Of all who had sufficient interest
TO express an opinion. There were many
reasons why it was desirable to avoid d re-
ceivership, notably on account of its assets
being so largely in real estate. Hence the
comptroller deemed it his duty TO aid in
several hopeful attempts to reopen the
bank by the contribution of new capital
under new and competent management.
As a matter of fact, it was Off
cIally reported to the comptroller
that 5000 of new capital had been sub
scribed, and that the Lucas estate was ex-
pected to make good all amounts due. Re-
cent Developments have shown that these
plans could not have been carried
out, but they were sufficiently promising
at the time to warrant the delay asked for.
Similar measures, Lacey said, have caused
the re-opening for business within the past
six months OF at least four national banks
whose capital had become impaired, and
two more will open soon.
PHILADELPHIA, June 3.-Before the in
vestigating committee today, Peter Wide
ner emphatically denied that he had, as
alleged, unloaded $400, 900 worth of Chicago
Traction stock on ex-City Treasurer Bards-
ley. He had never sold Bardsley stock of
any kind. The presidents of several ma
tional banks denied ever having paid
Bardsley any money consideration
for city money deposited in their
institutions. Mr. Huyn, of the
broker firm Of Glendenning & CO.,
resumed testimony. He said that in the
course of single year the firms stock
operations with Bardsley aggregated
81, ,250,0n0, and in the same time they bor-
rowed $4,000 from him and loaned him
$3.50. 600. Confidential Clerk Bean, of
Glendenning & Co., was piled with ques-
tions as to how he came to go to Bardsley
to borrow money, etc., but to all questions
he returned the stereotyphed answer, II
don't remember"
New YoRK, June 3.-The New York Dis
patch Publishing Company is in the sher-
ifs hands under executions aggregating
$44,1 ,175. The capital stock is $i25, 900. The
company published the New York Dispntch,
tho Daily TsausLey and Hoses Record, Drakc's
Magazine, and the Erenii,g Call.
MARSHALL, Mich, June 3.-The follow
ing notice appears on the doors of the City
National bank, of this city: This bank
is closed on account of the defalcation of
f.. j. Kirby, assistant cashier John r.
Bentley, cashier" Kirby, it is said, left
Saturday, ostensibly for his former home
in Schoolcraft, and did not return. The
amount taken is not certain, but it is sup
posed it will be from $4,000 to $4,000
Kirby was prominent young married
man and had always been highly re-
spected. 1t is rumored that he dealt in
wheat Depositors will be paid in full, as
the stockholders are responsible SIS well as
Kirbys bondsmen.