The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-06-05
FRAUD AND FAILURE.
An Indiana Bank Closed by Its
Cashiers Robberies.
Phiiadelphis Council Appeals to the
President to Investigate the Con-
duet of the Treasury Department.

HuyrrSeros, Ind, June THE Hunt
ington bank closed today, in consequence
of losses sustained by Cashier Alloway's
oyerdrafts to the extent of $4,000 or
$4,000
PHILADELPHIA, June 4.-The city coun-
ell this afternoon adopted a resolution ask
ing the MAYOR to address the president of
the United States, requesting that thor
ough investigation be made of the
action Of the treasury department in
regard to the Keystone bank. etc.
Resolutions were also adopted requesting
the mayor 10 offer reward of $500 for
the apprehension of fugitive President
Marsh and to have receiver appointed to
take charge of the property of Bardsley.
The report Of the expert accountants
who have been investigating the accounts
of ex-City Treasurer Bardsley was trans
nitted TO the city council this afternoon
by Mayor Stuart. The report is volum-
inous ore, and goes into detail as
to Bardsley's accounts with various banks.
The report shows that on the 2lst of Nav,
according to the books of the city treasur-
er's Office, there was on hand 49,. 317. 315
belonging to the city. OF this amount the
books of the city treasurer show there was
on deposit with the Keystone bank
$f.437. 900. This sum is claimed by Re-
ceiver Hardley and Band Examiner Drew
to be wrong, and that the bank books show
the actual deposit to have been $3.50. 1863.
Bardsley had been carrying as
cash in the city treasury $780,
0i3 of worthless checks drawn on
the Keystone bank. In some way not vet
known he raised the amount in cash and
substituted it for the checks. He then
went to Bank Examiner Drew and asked
that this amount be charged to
his account as city treasurer
in the Keystone bank and credited to his
personal account. This Drew refused to
do. The only specific evidence of any
criminal act of Bardsley with city money
is the transportation of s36,976. for
which he was indicted. The examination
is still going on.
CHICAGO, June AIRS. Anna Baird, of
Pennsylvania, fled bill today for re-
ceiver for the Northwestern Rubber Com
pany, asserting that it is hopelessly in
solvent, with liabilities of 100000 and
assets of less than half that amount.
NEW York, June 4.-The rumored sus-
pension of Russell & Company, Of China,
was confirmed today at the New York
office. The house in China has sus-
pended, in consequence of which the
New York, Boston and London
branches have closed. The liabilities
and assets are not known to the New York
agents. The liabilities are correctly re-
ported to amount to several million
dollars. The liabilities are chiefly to seven
banks in China, few banks
in London and a few in New York.
Up to eight years ago Russell was
manager of the largest local steamship
company in China. It was source Of
great profit, and after its sale to Chinese
capitalists the old partners in the firm re-
tired, taking fortunes with them.
Since then the profits of the China
trade have not warranted the ex-
pensive style of conducting business.
A few months ago the firm attempted to
organize bank in London. Two Of the
wealthiest directors recently withdrew,
and the scheme collapsed. The firms
principal business was in silks and teas.
In silk mandatory at Hongkong
it is said they lost from $780,
600 to $4,000. OF the partners
II. & Fl. N. Forbes reside in Hongkong,
r. W. Pomeroy in London, H. n. Hunt
ington in Paris and John FORBES, j., in
New York.
NASHVILLE, Tenn, June 4.-The whole
sale dry goods and shoe firm of the Connell,
Hall e. McLoster Company, of this city,
assigned this morning. Liabilities, $473,-
coo; assets, estimated at $500, 900. For the
past year the firm has done a business
amounting to more than 100000.
The failure was caused by attempting
to do more business than their capital
allowed and failure to get an extension on
their paper. The recent failures in Boston
are said to be the reason for this. Officers
of the company are confident that all obi
cations will be met speedily They hope
to resume in short time, and in the
meantime the business will continue IN
der the supervision of the Nashville Trust
Company, assignee.
OKLAHOMA, o. T., June 4.-The receiver
of the Commercial bank, which failed some
months ago has handed in his report to
the court. 1t shows that the bank, from
its inception, was run with a view 10
take in all it could in deposits
and then fail. The defunct bank started
in without dollar and there is no record
that the organizers of the institution or
any body else. except depositors, ever put
in dollar.