The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-04
WHAT WILLIAMS SAYS


hams, Of the Chemical National Bank,
when shown the dispatch from St.
LOUIS containing an interview with
Cradle, in which the latter said that
MI. Williams had been stockholder
In one of his companies for several
years, said:
1T Is wrong for this man to try to
mix me up in his schemes. II is true
that / have been connected with one
of his companies. but it was a tlning
matter, not more than two or three
thousand dollars"
Mr.. Williams said he did not now
remember the name of the stock in
which he was Interested. lie also adj
united the truth of statement made
by w. II. krutz, Il friend of Cradles.
that on Thursday last the Chemical
note OF S2Ol 800 from Cradle, agreeing
at the same time not TO press CRADLE
for the money
president Williams further said that
nothing had been found to Justify the
bank in beginning a criminal action
against Mr.. Quinlan. President Will
liams said Mr.. Silver called on him
late yesterday afternoon, after the
matter had become public, and handed
him $Gi, 600 worth of securities Mr..
Williams to-day seemed doubtful about
the value Of the securities, but finally
declared that they might after ali
prove to be worth more than he at first
thought
John S. Silver. one of the men whose
borrowing led to the resignation OF
Cashier Quinlan. was ct the office of
the New York Carbon company, of
which me is the chief executive officer.
to-day. To n question regarding Ills
obligations to the bank, Mr.. Silver said
that he did not owe as much as he
mad been said to owe. which was $780,
900, but that. whatever the sum was.
he would pay 1t.
The officers of the Chemical National
Bank were in communication by tcle-
Giuph with banks in various parts of
the country to trace the course Of the
certified checks given by Cashier Quin-
ian TO Messrs. Silver and Cradle, and
TO ascertain whether financial institu-
tons elsewhere had advanced money
on drafts such as were accepted as
security at the Chemical National The
directors of the bank We're in session
all the day discussing means of re-
money loaned by Mr.. Quinlan.
William II. Kurtz. who Is said to
have been associated with Cradle in
many of his deals, said to-day:
''Mr. CRADLES dealings with the
Chemical National Bank have extend
Ell over considerable period AS I
understand from him. he was well
known to all the bank officials To
my knowledge he owed the bank sl75.-
900 at one time and lquidated the
debt until only $4,000 was left. Thus
he has gone OF contracting obligations
and discharging them. At the begin
ming of last week the total amount Of
CRADLES Indebtedness to the bank was
$2c1 800. 1t seems that Mr. Qunlan
had not reported the latest transac-
tons to President Williams. Becom-
ing a little anxious Mr.. Quinlan made
q statement Of Mr.. CRADLES account
before President Williams and the
directors at last Thursdays meeting.
The directors made no complaint on
this head. knowing Mr. Cradle, but
sent a message inviting him to wait
upon them MIR. Cradle called there,
and the result of the conference was
that MI. Cradle gave the directors a
demand note for s2O1.5 The drec-
tors then agreed not to press him, but
to afford him margin of time in
which to pay the note."