Evening star., 1923-02-23
MAY Be SUICIDE
TO AID CREDITORS
Marcino, in Letter to Father
in-LaW, indicates He Would
Help With Life Insurance.
By the Associated Press.

By the Associa ted Press.
CHICAGO. February 23.-While au-
thorities in various parts of the
United States today continued check
ing up the operations of Joseph NJ
Marcino. alias Joseph Biata, who rose
from immigrant barber to buyer of
banks and whose financial deals were
reported to have caused losses ap-
proximating s591 900, reports here in
dicated that he might have committed
suicide.
That theory found it's inception in
letter written by Marcino from
some point in Texas or Mexico to
Abraham Goldman Of Chicago, his
her-in-law, and who, according to
Investigators supplied the missing
man with funds in a greater or lesser
amount.
Recounts His Career.
The letter. said to contain a minute
account of the fugitives financial ca
reer since it's beginning here, was re-
ported to indicate that Marcino might
end his life so that creditors could
realize on his life insurance policies
yotaling 100000.
The only thing that remains for
ME TO do" he was reported to have
written, lis to disappear from the
face Of this earth into oblivion, or
endure life of suffering in the will
derness. | only hope within few
years. through the proceeds of my
insurance, to repay creditors
Brakeman Bank President.
Today Frank L. Taylor, a former
railroad fireman finally advanced to
president of the First National Bank
of Warren. Mass. by the fugitive at
salary of $50 a week, faced arraign-
ment in the federal court here, after
the reported discovery of a $4,000
shortage in accounts of the Warren
institution.
falo, n. Y, where he acquired the
controlling interest in the Bison
Holding Corporation, the holding con-
Germ of the Niagara Insurance Com
pany, the accounts of which investi-
gators have declared are short $248.-
900, is the son Of an Italian baker of
Chicago.
While in Buffalo Marcino extended
ms Buying tSe ,he ang
Mechanics Bank of Philadelphia. Pa
which failed last week, and the First
National Bank of Warren, Mass,
where the discovery of an alleged
shortage of $213,o00 caused the Of
ficers to start a search for Marcino
and brought about the arrest of Tay-
lor here.
II have always helped him., Mr..
Goldman said. in referring TO the
spectacular rise of the barber. 81
got him out Of trouble. He ran away
with my daughter four years ago.
When they eloped 1 had to make the
best of it,
About three years ago the Bank of
Perris, Calf. near Los Angeles,
failed And Marcino's name was men
toned in connection with the COL
lapse After that he disappeared
with his wife, going first to South
America and thence to Italy, where
he was a purchasing agent for the
Italian government during the war
Returned IS Months Ago.
OF his return Mr.. Goldman said
They returned to this country about
eighteen months ago ana came to my
house Then I discovered about this
California trouble. He begged me TO
help him. and for my daughters sake
I did. Mrs. Goldman, my wife, went
to California. She paid $1,000 in cash
and made notes for $4,000 more to
get him out of trouble"
Then Mr.. Goldman told of his SON.
in-law's connection with the Warren
institution and the Buffalo insurance
company, "I thought he was on the
road to success; and whea he asked
me TO be honorary vice president OF
the Warren Bank I accepted the po-
sition and signed some papers for
him he said.