The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-10
DISGRACE AND DEATH.
Suicide Of George ]. Marsh, an
Old Banker.
is SUPPOSED TO BE AN EMBEZZLER

/ Gloucester. Mass, but Instead Sent a
Note Telling Where His Body Would
Be Found-shot Himself Through the
Head with Carbine.
Gloucester, Mass, Oct. 10.-George J.
Marsh treasurer of the Cape Ann
Savings bank. and reputed wealthy.
committed suicide Thursday at his
summer house at Magnolia by shoot
ing himself through the head with a
carbine. II is believed he was an en-
bezzler TO the extent of $4,000.
Mr.. Marsh. who was the life and soul
OF the savings bank. which has deposits
OF more than S3.027 900. was the trustee
of funds amounting TO about $500 900
more, including those OF the Addison
Gilbert hospital the Gilbert Old Peo-.
pies home. the b. r.. Hough estate
and many others. He was 70 have met
the trustees OF the bank by appoint
ment Thursday morning The savings
bank commissioner has just finished AM
inspection of the books and. while they
were found all right and the funds
intact. il is said his resignation was
10 have been demanded because OF his
alleged speculations on the stock mar
ket.
The trustees met at the appointed
hour. but Mr.. Marsh was not there I
They found a note directed 10 Sylves- :
ter Cunningham. 1t briefly and coolyt
stated that Mr. Marshs body would beh
found at his summer house al Annis Z
guam. After recovering from their ass (
tonishment the trustees concluded thats
the best thing to do was 70 shut upf
the institution. Marsh virtually was
the Cape Ann Savings bank. lie had
been its treasurer for nearly thirtyl
years.
Trusted Implicitly in Marsh.
There were trustees. but they trusted
implicitly In Marsh. as did all the cit
liens of Gloucester. who would have
as soon doubted the stability of the
rock Of Gibraltar as they would that
of the Cape Ann Savings bank. A mes
senger was dispatched by the trustees !
TO Mr.. Marsh's summer cottage. and he
returned and reported that he was pac-
ing about the floor OF the house. evil I
IDENTIFY in great mental agony. a work.
man was instructed 20 keep a close
watch on him. but Marsh sent the man
on an errand and during his absence
ended his life. The body was found
III Ine NtlldI Win "A bullrl ltie III the
head. and beside II the carbine. on a ,
barrel was the watch. stopped at 10.
the hour he was TO have met the trus- (
tees also a loaded revolver and a note. (
The note read
"If you think man coward to do
this. YOU had better try 1t. 1Sg6-t0-S
35-3-16. 61-6. M. %"
The mathematical formula is taken
to be the present date. the date of his
birth. 1885. and his age. 81. The exam
ination of the affairs OF the banks ac-
counts closed at $3.50 o'clock. and the
officials gave out the following infor-
nation:
THE accounts of the Cape Ann Saw
ings bank have been examined and
have been found all right, and the
funds are in excellent shape. Not a
dollar has been touched. and the bank
is as stable as ever"
Daniel Tarr Babson was elected
treasurer to fill the vacancy caused by
the death of Mr. Marsh.
Cause of the Downfall.
The cause Of Mr. Marsh's downfall.
which is also an official statement.
given to the public because. under the
circumstance il was thought advis-
able. is as follows
Up TO last night everything was ap-
parently all right Then a meeting Of
the trustees of various trust funds
was held of which Mr.. Marsh was a
trustee and treasurer. He was unable
To- produce those funds That looked
bad. and the trustees Of the bank az
once determined TO send for the saw
ings bank commissioners At the same
time the meeting with Mr.. Marsh for
further explanation. was appointed for
this morning. Mr.. Marsh had misap-
propriated trust funds of various kinds.
estates. etc. 30 an estimated amount
Of Sl50,o00 This amount. besides his
private fortune OF 100000. had been
lost I'm speculative enterprises. He was
hit especially hard in August. when. on
account Of the stringency of the money
market, ne was unable TO raise funds
The only funds secured by bonds were
the Gilbert hospital. the Gilbert old
Folks home and residuary fund
amounting to $4,000 The bonds OF
these fall somewhat short of this
amount and several OF the trustees Of
the bank are on this bond. This fund
alone will be made good"
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