The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-10-20

most vindictive enemies. obtained en-
| trance to the bank by night, went through
Its private receptacles and took away TO
private house a bag full of It's papers
and most valuable securities. If 1t were
necessary to make alterations In private
memorandum books there was abundant
opportunity TO do so. But even II the
memoranda werc not forged, It would re-
quire an expert with an india rubber I'M
agination to ilnl ,u them evidence to suS-
| tain the charge "f conspiracy TO misuse
state money" any more than conspiracy
| TO recruit two hundred Spanish spies.
ID
Fourth. There was evidence that u. Il.
quay, the senator's son, at one time bor-
rowed 100000 from the Peoples bank.
The books of the bank, however. also
show that he deposited at the same time
sl25.00D worth of stocks and bonds az Sc
curity for the loan. The evidence that
these securities were good and sufficient
| IL that when II became necessary for MIN
TO pay the note, he transferred Ms securi-
lies to two other banks--two of the oldest
and most conservative national banks in
hiadclnhia-and borrowed the money
upon them to do so. The only other
transaction Of r. II, Quay referred 10 IN
the whole proceeding Is In letter from
the senator, saying that Dick would be
| there the next week, and would probably
need some help. If necessary, sell enough
OF my Sugar certificates to enable you
To accommodate him." Does this look as
of the Quays tad the state funds to use
at their convenience?
.
Fifth. When r. II. Quay applied Tor
this loan. although his securities were
ample, being 12o to 100. there still re-
mained the question whether the bank
was in condition to spare SO much money.
President McManes did Just what any
bank president would do 10 avoid the
chance Of being DinChed for currency
write to customers having heavy deposits
subject to check without notice to inquire
whether they were likely to check heavily
| I'm the near future. The state being the
heaviest depcsitor, he naturally wrote TO
the state treasurer. Treasurer Haywood
replied that tho state deposit to the
amount of 5000. 600 would not be checked
out until the 100000 note was paid or ar
ranged for. As the II. r. quay loan was
| a call loan that Is to say, subject to pay
ment at any time on demand, and had
| abundant collateral subject to sale by the
bank to meet it, this Haywood statement
did not amount to more at the most than
| an assurance that, he would not check
heavily on the bank without, say.
weeks notice. The suggestion sought to
| be insnuated that the 100000 of state
| money. besides r. Il. Quay's securities
| amounting to Sl25,0O, is to be regarded
| his loan of 100000 is too ridiculous for
serious discussion. Banks which demard-
| ed s72500O security for 100000 loan. do
not break, and the Peoples bank did
|
This Is the whole of this case, inaugur-
| ated with so sensational a flourish Of
| trumpets, and on this sort Of evidence all
| four defendants were held in bail-not to
| be tried nor to have an opportunity to de-
| fcnd themselves until after the election
| If these defendants are guilty of any
| wrong doing no reputable newspaper, no
| good citizen. would have them so uupun-
| ished. but intelligent press and fair mind
] ed people, however they may approve
| or condemn Senator Quay's course in pol
| itics, or however they may oppose or
| favor his reelection, are alike quick to
| see the differel CO between the impartial
| sword of public justice and the DoIsone
| dagger of private malice handled by po-
| litical Joabs, stabbing in the dark