Evening journal., 1891-01-10
CHARGED WITH a CRIME.
George w. Delamater Accused
of Embezzling 100000.
HELD IN $4,000 BAIL FOR COURT.

The Complaint Was Made by the BOARD
of County Commissioners at Meadville.
Pa and Grew Out Of the Recent FAN
ure Of Deiamater q CO.
MEADvILLE, Pa, Jan. i0-A great sensa-
tion was caused in this city last evening
when Delamater & Co., dncluding George
" Delamater, late Republican candidate
for governor) bankers, who assigned re.
Gently, were summoned before an alder.
man charged with embezzlement The
complaint was made by the outgoing board
oI county commissioners, who charge Della
mater a Go. with the embezzlement OF up
ward Of $4,000 Of county funds, having re-
ceived the deposits Of the county treasurer
while knowing themselves to be insolyent
ana converting the same to their own use
They Pleaded Not Guilty.
plea of not guilty was entered and
hearing waived. Bonds were given by each
OF the defendants in the sum Of $4,000. for
their appearance at the February term OF
court.
Makes II Misdemeanor.
The arrests were made under the act Of
1889 That act makes it misdemeanor
for an insolvent bank OF banker to receive
money on deposit. The ex-commissioners
declare that from July to Dec. the firm
received large amounts OF county money
on deposit. The county is heavy loser
by the failure, and they think it Is due to
the taxpayers that thorough investiga-
tion be made.
What MIR. Delamater Says.
George Wallace Delamater said in an in
teryiew that he would present his offer OF
compromise to the creditors at the meet
ing set for today lie said he knew that
arrest would come sooner or later, and he
did not seem in the least worried by il.
Two of the ex-commissioners who have
caused the arrest, Henry p. Morley and
Walter r. Lindsay. are Republicans. Mr.
Bailey, the Democratic member, also ap
proves the action. They have employed
the ex-attorney OF the old board, George 4.
Davenport, 10 conduct the prosecution
Displeased at the Showing.
Some surprise was expressed because
Victor NJ. Delamater, the cashier, was not
arrested, but the complainants say they
are after the principals. They have exam.
ined the appraisers list OF assets, and say
that, reckoning all the assets OF the bank
at face value or cost, there is still a long
gap between the sum total OF the liabili-
ties and the assets.
They are exceedingly displeased at the
condition Of the county's account with the
bank, because they had warned the treas.
urer, Henry M. NJ. Mile, nephew OF the
Delamaters, that he must pay the county's |
orders, and not allow the county's large
creditors, like the state treasurer and the /
Warren Insane asylum, TO go without their
money when there was plenty OF money in
the treasury TO pay them.
Another Prosecution Probable.
II is likely there will be another prosecu. |
tion from the same source on account OF a |
deposit TO the credit Of the county which /
does not appear on the books OF the
bank. A man we'll informed as 10 the
banks history, estimates that in the
year 1870, when the Delamaters started.
they were worth in their own right not
less than s5OO,00O. They had when they
failed over 100000 OF their depositors'
money. The individual members owe not
less than $3.50 900, which they have bor-
rowed. This is over and above the collat.
eral put up. This all amounts TO 81. go
coo To show for this they have property
which, all told, is estimated at full cost al
$3.50, 600