The Providence news. (Providence [R.I.]) 1891-1906, 1898-12-07
A WANDEHER SEVEN YEARS.
Djsauueared After Indictment and Forfeited
His Bail Of $4,000.
FINALLY SURRENDERED ON NOV. 3.
Court Rsmanded Him Until Next TUESDAY, When
He Will Be Sentenced Lawrence and Bard;-
lsy Pardoned After Few Years.

Philadelphia, Pa, Dec. I.-Gideon w.
Marsh, former president OF the looted
keystone National bank, the disas-
trous failure of which institution was
pubIicly announced March 20, 1891, TO-
dev pleaded guilty, in the United States
District Court. to indictments charg-
ing him with conspiracy with Cashier
Lawrence i'm misapplying the funds OF
the bank and making false reports OF
the banks condition. He was remani-
ed for sentence until Tuesday next
Al the time of the failure of the bank
Marsh and Charles Lawrence, the CASH
| ier. were placed under arrest, charged
with violating the national banking
laws They were admitted to bail Tor
a hearing on May 21, 1891, but on that
date Marsh failed to put in an appear
ance. and his $2O, 900 bail was forfeited.
Nothing was heard from the fugltiVe
| hank president until November lasi.
when after wandering about the woriu
| FOR over seven years, he returned 10
! the CITY and voluntarily surrendered I'D
yviIliam n. Wanamaker, his bondsman,
who had been obliged To forfei' the
$40 900. ,.a
and after serving several years OF a
long sentence was pardoned py rresi-
, dent Cleveland. 80,
Az an outcome Of the Keystone bank
failure. John Bardsley. then city treas
l,rer of Philadelphia, was also sentenc-
ed to a long term of Imprisonment Ior
unlavfully loaning city funds 10 the
hank. Bardsley, too was pardoneu az :
ter an Imprisonment OF ABOUT Tour
| years.
|
| prominent in financial and political CIR
rIes had profited by the looting OF the
!. bank and that Marsh had peen aiuSo
i'm his fight by these men Win tne 90
tect of preventing exposure. TOT IN,
reason the arraignment or Marsh II
= court was looked forward to with un
d usual interest, i'm view OF propaoU
: statement from him which 'might III
q volve persons whose names nave no
been mentioned previously In conectio'
: with the banks affairs.
n After Marsh had entered his plea @
n entity his counsel asked the court
l. permission TO present statement
his client which would show itigatlni
1t circumstances in connection VITA IN
= commission of the acts TO winch ne na
J. pleaded guilty. Counsel informed IN
q court that the statement would snoN
l. tbat after Mr.. Marsh had assume
"a presidency OF the bank, he found tina
lg there existed a deficiency in the pan
Sc of over a million dollars. He had
ie doubt erred i'm covering this dencienc,
l. but the load was too much Tor the pan
DE "a carry and finally resulted i'm it's fai
ure. Counsel said the defendant ma
ed never proited one dollar through sl .n
lg HANGS losses and that when he lie
to over seven years ago he had not VIII
1T him one dollar of the banks money. ,
lp Judge Butler however, INFORMED VI
counsel that he would receive no state
ms ment except matter pertaining direct
or 10 the Indictment and the defendant
at nIea thereon He would not permit
,ol statement to the court which diu ~
he hear directly upon the acts OF the u
he fendant. and which had no otner ihte
lr- ast than that of the gratihcation
of public curiosity.