Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-20
A CHANCE FOR DILL.
The Clearfield Bank Case Postponed Until
Next Tuesday-A Proposition Settle
ment Will BE Submitted to the De-
partment of Justice in Washington.

The Clearfield Bank Case Postponed Until
Next Tuesday-A Proposition Settle
ment Will Be Submitted to the De-
partment of Justice in Washington.
The case of Rev. W. H. Dill, charged
with wrecking the First National Bank of
Clearfeld and the Hontzdale Bank, which
was to have come up for trial before Judge
Acheson in the United States Circuit Court
Yesterday, has been postponed until next
Tuesday. Dill's counsel has arranged a
basis of settlement, which will prob
ably be accepted by the creditors,
and the Department of Justice at
Washington will be asked not to prosecute.
Hon. w. S. Stenger, who represents the
Chestnut Street Bank, Philadelphia, re-
fused to make any statement. w. !. Shaw,
who represents the Houtzdale Bank, gave
the following as their basis of settlement:
Dill is accused of embezzling S103, 900 from
the Houtzdale Bank. He is to surrender
Judgment on the First National Bank of
Clearfeld for S23, 600, including costs, and
$4,000 in cash, and admit the answers in
the equity suits of the bank. In addition to
this Dill is to give first mortgage of S40,-
600 ON q certain tract of land. Bv this
arrangement the bank will lose $50, OeO,
which will come from the stockholders as
the depositors under the agreement are to
be paid in full The First National Bank
of Clearfeld, which has lost 100000. has
agreed to the following as a basis of settle
ment: Dill and his wife are TO transfer their
Clearfeld home, worth $4,000, and S13, 600
in cash to the bank. The Caledonia Lum-
Der Company, which is ownee by Dill and
his relatives, valued at $4,000, is to be
decided to the bank. All the stock of Jona-
than Boynton, Dill's father-in-law, as
well as Dill's stock in the bank,
is to be transferred to the bank.
The stock is liable to assessment if the
property turned over to the bank does not
reach what it is assessed at. Neither Dill
nor Boynton are to be benefited by the
stock they hold in the bank. The deposits
of Dill and Boynton in the Clearfeld Bank
go to the creditors of the bank By this
arrangement it is estimated that the stock
holders will lose so per cent on the face
value of their stock. The depositors are to
be paid in full.
All of the above is subject to the ap-
proval of the Department of Justice in
Washington. United States Attorney Lyon
when court convened yesterday presented
the above to Judge Acheson and asked that
the trial be postponed, to which the Judge
gave his consent. Dill's counsel will leave
at once for Washington and will have until
Tuesday to get decision from that office.
If the settlement is not satisfactory Dill
will have to stand trial.
There were great many persons from
Clearfield in the court yesterday They
were principally witnesses for the prosecu-
ton, having been depositors in the banks.
There was general satisfaction expressed by
them when they heard they would probably
receive all of their money instead of 25 per
cent. Many of them assured United States
Attorney Lyon they would rather get their
money back than have Dill sent to the peni-
tentiary.