The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-28
SINCERITY DIES SUDDENLY.
PBIJlDBLP8IA PUBLLsHER PASSES
AWAY AT Hrs HOME.
Business Revsrses Aggravated Heart Troubie.
GO which ne was Subject. nnd Probably
Caused nfis Death = His Recent Failure
ana rEis ERSFt GO Fay MS Creditors.

60 which Ne was Subject. ana Probably
Caused rHis Death - His Recent Failure
ana His Enort 90 Fay mis- Creditors.
PHILADELPHIA. Feb. "a. - William Miskey
sinRerly. editor and publisher OF the Philadel-
phia Record and President Of the suspended
Chestnut Street National Bank and Trust Com
pany, died at his home, 1901 Locust street, at 1
o'clock to-day. The cause announced by the
attending physician. DR.. Bernardy, was heart
disease.
Since the crarh of the two financial institu-
tions Of which he was the head, Mr.. SinRerly
had boon under n severe strain of anxiety which
told heavily upon his vitality. For several
years he was subject TO spells of depressed &C.
tivity of the heart, attributed by his physician
to the habit Of excessive smoking. His family
was warned that his death might occur sud
denly.
Mr.. Singorly was at the Record Office on
| Wednesday last. He complained of feeling Ill
after that and remained at home. This morn
ing he talked with his son.in.law, James s. Nc
Cartney. about his business affairs and seemed
, 70 be cheerful. He said he felt better and OK
pected to go out tomorrow.
Mr.. Mccartney left. Mr.. Singerly was sitting
with another member of his family In his room.
He soon spoke of a severe pain in his left side.
A few minutes later 1t was noticed that he was
gasping for breath. His head fell back in the
chair and all signs of life disappeared, When
DR.. Bernady reached the scene, in answer to o
swift summons ho was dead.
The death Of Mr.. Singerly will effect no change
In the process of liquidating the national bank
and tho trust company. whose affairs are now
under tho control of a receiver and an assignee.
| The plan of applying the income and assets Of
the Record Publishing Company to the restora-
ton of the depleted resources of these institu-
tions will 60 into operation on next Tuesday
under an agreement executed more than q week
ago by Mr.. Singerly, and 1t will be carried out
in all respects as though he were living.
The original plan rejected by Comptroller
| Dawes provided for an issue of three classes of
stock. capitalized out of the Record plant. one
class to retro previously mortgaged indebted
ness against tho Record property, tho second to
meet existing preferred claims against the
Record Company and the third to secure the
claims with interest Of the depositors Of the
bank and trust company. tho right being
reserved to Mr.. Singerly. and now to his estate,
to buy any part of the stock thus issued at any
time within six years at the par OF the
claims which it represents. The only
change in the amended plan as exactod by
Comptroller Dawes was q provision with ref.
creditors the liability of tho directors and stock
holders under, the National Bank act. Mr..
ss .nEs , SwRed I s:oSG Sf the al Siioo Of 'R %sieh Of w sas
pledged along with other collateral for $685.
oo3; a a5s1 lo sps from .sGnr the b trust sal, s99mpSIn sIns ssg gre.
praised at 500. $40.
Mr.. singerly's wife died fifteen years ago, He
s!neeriy. Balchh. His only other laughter Mrs:
Mabel singerly Meredith, afterward the wife of
The personal Indebtedness of Mr.. Singerly to
the amount Of more than 81 100000 to the
accounted for except in the presumably, un.
profitable private business ventures in which he
The plan which goes into effect on Tuesday
for the reimbursement and ultimate retirement
ment of O board of voting trustees to take
charge OF the Record Company's assets. Under
their direction the business management of the
Record was to have been conducted by Mr.
Singerly under o salary.
on Dec. %, 1882, and was graduated from the
High School in that city in 1850. He devoted
himself to me or ,ha pursuits III 8 nrod for ten oE wears.
sion house. He was called from that business
by his father. who was the principal stockh9lder
pany. After occupying several minor places in
the company he was appointed to- the manage.
characterized MIR. singerly's administration OF
the affairs Of the road were SO marked that
calIy controlled the line.
He finally gave up the railroad business and
merchant: n Ia was n9 recalled b yyh his father az d f. a
f s,Sd is sSpe NJ is'o sins saryfs S of sse Fs M r w st%sh
$3.50, 900. but as the result of his superior man.
sar n NO Ne '6o6 sinE 6nrin ws sis a saen to dilspS %iiS Of tb it
road Mr.. Sin ;erly extended it's lines and made
many valuable improvements. -
Democrat and always eager to promote his
party's interests in the city. State. and
Riti0n an organ 1P IN RepabI he nu sptRrSnr h'o pare pre-.
sented itself in 1877 when the Philadelphia
OF about 6.OOO copies, was offered for sale. Mr..
Slngerly bought 1t, strengthened It in every de.
made il a one-cent paper. the first morning paper
of that price in Philadelphia. Soon Il becamea
success uSe;an; ana at one time hsa an nearly inio 29 tbo ns CIR.
paper business inexperienced. but soon mastered
Mr.. Singerly was a tariff reformer. He bat
tied for a vigorous reduction in the tariff du-
ties. especially on raw materials: He took this
for many years interested in large woolIen and
cotton establishments. These included extern
sive knitting mills in Philadelphia and the
Mr. ingsrly also owned a great deal of real
in that city were probably the most extensive
so the e4 fns home h bsf bsli Hy f Gne his msn new ls sSait'R Rs
erected 800 houses in ono part OF tho city and
spent 81 .ooo, 900 In four year, In improving
In 1887. upon the retirement of Gov. Pattison
establishing the Chestnut Street National Bank,
dent. When Pattison was reelected to the Gov
| eTHOTbulp VI GChubylNhulh, WI cihkCily u
ceeded him as President OF tho bank. He also
became President of the Chestnut Street Trust
and Savings Fund Company.
Mr.. Singerly took a keen interest In farm and
stock raising. His herds OF holstein cattle at
his large farm at Gwynedd, in Montgomery
county, were famous for years. He also owned
the ElktoI Stock Farm, near ,Elkton, Cecil
county. Md. At Elkton he also had one OF tho
from which he not only supplied the paper on
which the Record was printed, but also paper
for The market.
Despite his many interests Mr.. Singerly de-
voted q good deal OF time to politics. Ho never
held office. except the honorary place of Com
missioner of Fairmount Park in Philadelphia, a
non-salaried office. In the Residential cam
paign of 1884. 1888 and 1892 Mr.. SinGerly ac-
lively supported Grover Cleveland, who was his
close personal friend. In 1894 Mr.. Singerly
accepted the Democratic nomination for Gov
ernor OF Pennsylvania. 1t was a hopeless can
did0cy, and Mr.. Singerly knew 1t, but he was
satisfied TO stand in tho interests OF his party.
In 1896 Mr.. Singerly was a sound.noney Dem
ocrat.
Tho break in Mr.. Singerly's fortunes began
about a wear auo, He struggled for q long time