Arizona republican., 1904-12-25
The Bank WreCker Who Is
 in the County Jail
Sheriff Hall of O'NeiIl, Neb. Arrived Yesterday With Acquisition Papers for His Return.

Sheriff Hall intended to return last night but he became so much interest ed in the valley that he decided that he would like to see more of it and he will remain in town a day or two.
 Notwithstanding M'Greevy after his arrest instructed the officers here to wire the sheriff of ONeill that he would waive extradition the sheriff de- cided to take no chances and procured requisitionl papers. When he saw M'Greevy at the jail the latter was ap- parently glad to meet him and bade him welcome. He said he was ready to start back at once Still the sheriff was not so sure of him that he would neglect any formalities and he went to the capital and had the requisition honored by Acting Governor Nichols.
 At the time of his arrest MGreevy said that the sheriff was an old time friend who would be inclined to assist him out of his trouble; he did not think that he would even insist on his being locked up; that he knew as well as he did that no intentional wrong had been committed.
 The sheriff, however. tells a different story. He has no confidence whatever in M'Greevy and never did have any. Nor was there ever a time when he
  safe.
 That financial institution was estab- lished in 1886 by Patrick Haggerty, the cashier, who is also a fugitive from justice. It was then a private banking institution under the name of Gardiner, M'Clure and Haggerty. In the early nineties it was reorganized and became state bank with M'Cireevy as presi- dent, Haggerty. cashier and Haggertys S wife as vice-president. Haggertys wife by the way is the sister of M'Groevy
 The bank had a capital stock of $25,- 900 but it was not generally understood that there was anything behind it. The business of the institution consisted for the most part of the shaving of notes and the acceptance of deposits. It did vcly little in the way of Ioaning mon ey and most of its business was trans acted with the smaller farmers and stockmen within a radius of fifteen miles of O'Neill.
 After the failure of the bank and an investigation by the state bank exam intr it was learned with surprise that tle deposits amounted to about $63,- eco which is only s2.000 less than the Republican stated the shortage was in the account of the arrest her of MGreevy.
 Sheriff Hall said that there was found in the bank in actual cash sin gle dime. There were so-called secur- ities to the amount of s20.OOO which had been given while the bank was running under the name of Gardiner, WClure and Haggerty and altogether they were worth less than a dime.
 Sheriff Hall says that the failure of ~, the small farmers and depositors in that immediate section. Some months lefcre the collapse the bank offered higher rate of interest than other banks in that part of the state had been paying and in consequence it's de- posits had been increased. Tn sheriff told a pathetic story of the losses of oIle of the depositors a woman by the uan,e of Norah Sullivan who had lived in O'Neill since the founding of the town. She had accumulated $1.400 by taking in washing and had deposited it in an institution known as the Holt county bank sThat bank broke some years ago and she lost every cent of the money. She courageously went to work again and got together about S1,- 900 which she put into the EIkhorn Valley bank. It is not likely that she
 
 ey and now she is an old woman and utterly without means.
 Among the statements made by M,Greevy after his arrest here was one that he had been the treasurer of O'Neill and had considerable money in his possession before he left the state. IIc said that he had made a settlement with the city and had squared himself. Copce Hine that transaction the sheriff said that MGreevy had an interest in a. section of land but that the greater part of the interest lay in the bank. M'Cfreevy, however, without the knowl- edge or consent of the city gave to the city a mortgage on all the land and the sheriff said that that is the only settle ment which he ever effected.
 It was a crazy transaction but in keeping with the subsequent move advertised himself. Leaving O Nefll he went to Omaha and having spent some time at tke Merchants Hotel where all nnrthern Nebraskans stop he bought a scalDers ticket for Denver so that theIe was no trouble in following him Irto the southwest. In fact, he was looked for in no other part of the coun- ;r-v
 Haggerty was regarded as the better !usihess man of the two While not a great deal of confidence was reposed in him ho was held in some respect and was regarded as tho real father of he town of O'Neill and he had done more to build up that community than any other man.
 O'Nefl was named after General O'Neill t!ae noted Fenian and a brave officer in the civil war. After the war he established an Irish colony there but tor IiaggeIt ty it would have died out FaSSCrIS went into the mercantile business, expanded and became SO in Voivad that several of his creditors closed rpon him and in doing so dam aged his reputation to such an extent that he was given ground for suit for | damages which he won and recovered $1S.90U. It was immediately after this i that tflr banking house of Gardiner M'CIu1e ana Haggerty was established