Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-06-16
SENATOR KINNEY TALKS
He Tells About His Transactions With
William N. BOssS,
SPECULATEO IN BAY STATE GAS
Knew That Boggs Was a De-
fauiter to the Bank.
BUT SUPPOSED THAT HE HAD SETTLED

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abatement made to it's correspondent
by Senator Richard Il. kenney, now
under indictment on charge OF con
epiring with and aiding William n.
Boggs, defaulting paying teller OF the
First Natianal Bank of Dover. The
bulk OF tue statement follows:
II first knew william n. Boggs
about the time he became an official
10 the First National Bank at Dover.
Ny acquaintance with him from that
time up to some time in tho year 1871
or 1898 was Of the ordinary every day
kind. In 1891 or 1893 he came to me
aud employed me as his counsel.
told him that / would serve him in
that capacity, and did no from that
time until ths time he absconded in |
1897. The BUSINESS which brought him
to me was largely collections and adj
vice.
"In November, 1898 or 1894, am
uncertain as to the date, he rame to
my house for the first time. 1t was
night. After we bad gone TO my
private study be said that he was in
trouble with the bank ami had come to
consult me about what he should do.
l was Mortified as we'll ae surprised at
this statement, because l had held him
10 the highest esteem. The information
was shock. 40 much 30 that | never
ssked him the extent Of his trouble
with the bank, neither did be tell me.
l advised him that he mad enough
relatives and friends to protect him,
and that he should at Unce make up
any deficit before any publicity was
posaihlu.
From that day until the Saturday
before ne left Dover, in 1897, the sub
ject was never mentioned sither by me
or by him. On my part, for the reason
that felt that any suggestion from me
10 regard to the matter would necss-
sarily be huniliating 10 him and be-
cause held the opinion that, under
my advice. his shortage or defalGation
had heen made good.
"During the years 1885, 1896 and
1897 transacted various matters for
him. On at least two occasions l dis
counted for him in tbs First National
Bank on my own Endorsement, notes
which he told me were the results or
profits of his gaming, The proceeds of
those discounts were paid by me to
him. collected for him several hun
dred dollars during the time and sold
q mortgage Of $500 that he held. Tbs
total amount thus paid to him was
nearly So 600.
''The indictment against me, as pub.
lished in the press, charges that on n
days during 1895 and 1896 | had over
drawn on the bank with which Boggs
was connected. In answer J. desire to
say that from May 1895, to April, 1897,
did not have notice from Mr.. Boggs
or any other officer Of the bank of being
behind more than a dozen times. Oi
those dozen times certainly one half oil
the notices. il not more, were gwen Il
rue by other officers of the bank thar
Mr. Bogga.
"I believe during the time that
have been customer of the FRS
National Bank paper amounting t
more than $50, 700 has been discounted
by the directors of that bank, and VI
to April, 1897, never single note hal
bssn dishonored, whether made or in
dorsed by me. Whether maker or in
dorss bad faithfully protected thI
BANK against losses.
II never had doubt Of Boggs' in
tegrity or honesty from the time b
smoke to me in 1893 or 1894 until a wee
before he left Dover, in 1897. My COZ
fiience in him for honesty and intsgrit
WAS not different from that held by til
officers Of the bank.
SPECULATION IN BAY STATE GAS.
"In 1896, 1 think in April, b
solicited me to become purchaser @
margin Of Bay State Gas stock, whic
i refused for aome weeks to do, an
which ! did not do until assured b
the cashier of the bank, Mr.. j. 4
Bateman. by Mr.. J. Frank Allse an
by statement made to COL Cooper
my presence in the city of Philade
phia, in the Office of Mr.. j. EdwaI
Addicks. by Mr.. Addicks himself
the city of Philadelphia aud met Co
stood that big winnings we're beir
made 10 Bay State Gas stock. r
piled that / had been likewise l
formed. Col. Cooper and myself we
to Mr.. Addicks' Office. Mr.. Addic
and Mr.. Alice were there. TO M
Addicks Col. Cooper said that perso
in the two lower counties were buyi
Bay State Gas stock with tho undo
standing that large profits would
made. Mr.. Addicks replied to q
Cooper by saying that he himself he
10000 shares. To show you my fai
in the stuck, added Mr.. Addicks,
have just now bought some for Fra
here,' referring to MIR. Alice. l
toned.
"Col. Cooper and /, before leavi
Philadelphia, each invested in
shares, through Cuthbert & G
brokers. Within the next month
myself and on account OF other msI
bought $50 shares Of Bay Stats @
During the time which l held it,
required margin of about 81, 500.
July 9TH, 1896, or thereabouts,
holdings were sold ana my speculat
in stocks were ended for good.
''Of the $50 shares of stock ths
hold 100 shares was the property Of
W. N. Boggs and so shares of Mr.
S. Clark of Dover, both OF whom
tbs emil paid me their proportion
the loss.
Mr. Boggs, when he solicited
tn become purchaser Of Bay State
stock, in the early spring of 1896,
me that be himself had made I'll
about sc, 600, and that Ii. A. Riehe
son. president of the bank, had,
think, cleared about s12, Bel
buying the stock told Mr.. Richu
son that understood he was he
winner in Bay State Gas. Hs inforr
me that personally hs had never bel
share, but that be had in the fal
30 bought that stock for his wife
hRdIsold it at profit for her.
LARGE ACCOUNTS ANNUALLY.
For 10 years have not attemT
to Keep any account of my condit
with the bank, but have relied u
the banks account as to my conditi
My transactions with the bank dur
the last 10 years must have hvera