Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-18
NelU Shortage Case
Shocks Wilmington
Continued From PaRe One

Continued From Page One
of the Bush and Eastman disclosures.
George H. Markell. vice president Of
the Hercules Powder Co.. stated today
that the accused assistant treasurer
had access only to the tail of the
company's finances
At the assistant treasurer home to-
day his wife, with tear filled eyes. said
Mr.. Eastman had told her last night
of the shortages in his accounts. He
did not tell her any amount. she said.
"Mr. Eastman is n splendid man"
Mrs. Eastman said in decided tone.
II am very sorry he did what he did
The Eastmans have one child, Mary,
who Is twenty months old.
Eastman wns bonded by the National
Surety Co. officials of the Powder
Co. said they would take no action in
the matter. but would leave it entirely
in the hands of the bonding company.
The Wilmington agents of the Ma
tional Surety Go. are Gilpn. Van
Trump and Montgomery. Members OF
that firm today refused to reveal what
action they would take. 1T will be
treated as confidential NATTER they
stated
Bush Will Plead Guilty
William Bush, defauting secretary
treasurer of the Wilmington Savings
Fund Society. who is accused Of steal i
ing 5000, 900 in securities from the in
stitution, will plead guilty.
He made that statement to Warden
Mordecai Plummcr, of the New Castle
County Workhouse, where he is i'm
prisoned. 1t was his sole comment as
he went from his fine home on Delaware
avenue, Wilmington, to the bare cell
in the prison.
I'm going into court and plead
guilty" he said.
Frederick f. Stone, president of the
society. in an official statement, empha
sized that the sOundncss of the institu
ton will in no wise be affected by the
theft. Stuart J. Horn. who has sue
| ceedcd Bush as secretary treasurer
told of the discovery of Bush's pecula
tions and the procedure being taken tc
make the loss to the bank as small as
possible.
Mr.. Horn cited Bush's confession
showing the defaulter had lived q
"Jckyll Hyde" life, "played" the stock
ing in home luxuriouSly furnished
commanding the respect of the commu
nifty, and all the time actively engaged
in church work az an official in a fash
ionable congregation.
Comment Sarcastic
! Comments on the streets are snrcasti,
in their reference to the downfall of thi
bank official, who was legally adopted
as the son of n prominent manufacturer
years ago, and who went into court an'
had his name legally changed from
"Lonsbcrry' to that of his fostel
| father.
Bush, after his arrest and hearing
was committed to the workhouse in de
fault of 100000 bail. The specif
charge was that he had taken from
safe $50 900 in United States certifi
Gates of Indebtedness and securities o
n railroad valued at S50.O00 and ha,
hypothecated them as collateral in stoc
deals in Wilmington brokerage offices.
Shortly after his arrival at tn
workhousP he was told to discard hi
business suit and dress in the priso
uniform. 1t was at this period he mad
his only comment-'I'll go into cour
and plead guilty'-and that was mad
in response to query from Warde
Plummer.
To all other persons Bush refused I
comment. He spent couple of hour
pacing the workhousc yard, his hca
bowed. deep in thought. But he di
not exhibit any symptoms of worri
ment. He ate 'big supper" last night