The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1898-06-08
HARVEY. !
ACCUSED
OF Embedding Funds Of a Chester
Building Association.
BROTHER OF H. HARVEY,
OF This City, Who is One Of the Sure.
ties. Shortage Will Reach
About $4,000.
BROTHER OF Il. HARVEY,

Orlando Harvey, ex-City Solicitor Of
Chester, and brother of Holstcin Harvey
Of this city, Is charged with embezzling
the funds of the Delaware County Build
ing Association.aOf which he was secretary
and solicitor. He appeared before Alder
man Penn0ll yesterday, and waving q
hearing, entered bail In the sum Of $500
for his appearance at court Holstein Har.
vey and Dr. Vim. B, Ulrich became suro.
ties for the defendant and John B. Ham.
lnond was retained as counsel.
Tho fact that the accounts Of the asso.
citation wero In q muddled state was dis
covered about three weeks ago, and OK.
perts were put to work on the books.
Some startling revelations were made to
the Board of Directors. 1t was discovered
that about SIC, 0O) In cash was not account.
ed for and some ad 1itiOnal shortages In
the securities and other transactions will,
it is alleged, swell the deficit to $50, 600,
Great efforts have been made for the past
ten days to effect settlement, MIR. Har-
vey. Offering 10 make good the $4,000 in
cash, bit was unable to do moro. Th
directors would accept nothing but ne
settlement in full. and directed the presi.
dent to swear out warrant for the solicit
tors arrest
The news of the trouble was made known
to the stockholders at the annual meeting
on Monday night. when it was announced
that experts had discovered shortage in
the books.
A large number of the stockholders aare
working people who havo all their savings
OF years in this association and til ere lisa
fair prospect of the1n having the greater
part Of their money swept away. Soma of
the heavy STOCKHOLDERS are merchants and
II Is not improbable that some business
failures will be reported through this loss.
Mr.. Harvey hold the position OF secre.
tary and solicitor for q number of years.
He not only received the payments Of the
shareholders, but the satisfaction Of mort
Cages, cancellation Of shares, stock ad.
vances and other transactions We're made
through his Office by virtue of his legal
post In tho association, SO that large
amount of money was handled every year.
With no intention of mi,using the funds.
he made unfortunate Investments. was un.
able to recoup and the crash came.
The accounts were supposed to be regu-
larry audited. but the auditing did not
discover any trouble with the books until
an officer OF the association had his sus-
picions aroused, when tho employment Of
experts was resolved Upon. Consultations
were hold between the officers of the asso.
citation and Mr. Harvey and promises were
made that tn shortage would BIO covered,
but this was found to be impossible.
During the past ten days" said an off,
Ger last night. 1--WE have moved heaven
and earth to save losses to the stock
holders, and several times we thought
things had been fixed, but we were unable
to get pledges for more than third Of the
amount needed"
A receiver has been asked fer by the as
ISOLATION and the Delaware county Trust
Company was named.