20209. Sumter National Bank (Sumter, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Start Date
August 22, 1887
Location
Sumter, South Carolina (33.920, -80.341)

Metadata

Model
gpt-5-mini
Short Digest
d4b11da3

Response Measures

None

Description

Cashier Charles E. Bartlett absconded in August 1887 after large defalcations. The bank suspended payments (not described as a depositor run) and a receiver was appointed (John E. Phillips). Later accounts call the bank 'defunct' and the receiver is winding up affairs, indicating permanent closure/receivership. OCR variants in articles (e.g., Sumpter, Sunter) corrected to Sumter. Reported theft amounts vary across articles ($5,500 in gold taken on-hand; books short ~$20,000; later examiner reports $80,000). I do not infer a depositor run—articles only describe suspension due to embezzlement.

Events (3)

1. August 22, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier C. E. (Charles E.) Bartlett absconded after large defalcations; theft/shortages reported (articles report $5,500 in gold taken on-hand, books short ~$20,000; later examiner reports larger total).
Newspaper Excerpt
The bank has suspended temporarily
Source
newspapers
2. August 24, 1887 Receivership
Newspaper Excerpt
Mr. John E. Phillips ... has been appointed receiver for the Sumter National Bank, which has been placed in such serious straits by the Bartlett defalcation.
Source
newspapers
3. September 1, 1887 Other
Newspaper Excerpt
The bank has been in existence about three years and was one of the most thriving in the State. Bartlette is thought to be in New-York. CASHIER BARTLETTE STOLE $80,000. ... The report SHOWS that Bartlette stole $80.000 which is $30,000 more than the capital stock.
Source
newspapers

Newspaper Articles (14)

Article from Daily Kennebec Journal, August 23, 1887

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Article Text

Detaulting Cashier. CHARLESTON, S. C., Aug. 22. C. E Bartlett, cashier of the Sumter National bank at Sumpter, disappeared this morning with about $5,500 in gold. He is a defaulter to the amount of $20,000. The bank has suspended temporarily but can stand the loss.


Article from Wheeling Register, August 23, 1887

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Why He Disappeared CHARLESTON S. C., August 22 C. 1 Bartlett. cashier of the Sumter National Bank, at Samter, disappeared this morn ing, and it was extenquently ascertained that he had absconded with about$20.6 11.0 The bank has suspended temporarily, but can stand the loss.


Article from The Memphis Appeal, August 23, 1887

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Cashier Missing. CHARLESTON, S. C., August 22.-C. E. Bartlett, cashier of the Sumter National Bank, at Sumter, disappeared this morning, and it was subsequently ascertained that he had absconded with about $20,000. The bank has suspended temporarily, but can stand the loss.


Article from Wichita Eagle, August 23, 1887

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Easier to Steal than Work. CHARLESTON, S. C., Aug. 22.-C. E. Bartlett, cashier of the [Sumter National bank, at Sumpter, disappeared this morn ing, and it was subsequently ascertained that he had absconded with about $20,000. The bank has suspended temporarily, but con stand the loss.


Article from Fort Worth Daily Gazette, August 23, 1887

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An Absconding Usahier. CHARLESTON, S. C., Aug. 22.-C. E. Bartlett, cashier of the Sumter National Bank at Sumter, disappeared this morning, and it was subsequently found he had absconded with $20,000. The bank has suspended temporarily, but can stand the loss.


Article from The Memphis Appeal, August 24, 1887

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The Closed Bank NEW YORK, August 23.-A Charleston, 8.) O., special says: Great exeitement WAB created in Sumter yes terday morning when'the sign "closed" was found posted on the door of the Sumter National Bank On investigatien, it was found that the cashier, Charles E Bartlett, bad absconded with all the foods the bank. amounting to $6500, and that his books were abort to the amount of $20,000. Bartlett is believed to have gone to Mex ico. The feature of the defalcation which is creating the most talk is the fact that the bank directors knew'of the condition of the books weeks ago, and only three weeks ago met and passed 8 resolution to the effect that if his books were not straightened by August 15th they would require: his resignation. Bartlett's downfail was caused by heavy speculation in CO ten futures. The bank has suspended payment until some arrangements CAD be made. The directors will make the loss good and the bank will resume.


Article from The Manning Times, August 24, 1887

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CASHIER BARTLETT OF THE SUMTER BANK ABSGONDS WITH THE CASH ON HAND. RETAKES $5,500 IN GOLD AND HIS BOOKS ARE SHORT $20,000. [Special to the Nors and Couries.) SUNTER, August 22. This morning, at the usual hour for the Sumter National Bank to open, persons desiring to transact business were surprised to find the notice closed posted on the door. This of course, created considerable alarm, and in a few minutes men from all over town were hurrying in the direction of the bank, where they were informed that Cashier Charles F. Bartlett was missing and that no business would be transacted until the directors could meet. This created the wildest kind of ex eitement and conjectures of every kind were afloat. Your correspondent was quickly at the scene of the excitement, but found it impossible to gain any definite information on the subject, save that it was known that Cashier Bartlett had absconded with all the money in the bank, amounting fortunately to a small sum, being only $5,500 in gold, and that his books were short to the amount of near $20,COO. It is impossible now to tell the exact state of the books, as he purposely mystitied them, but it is supposed that this is about the amount of his defalcation Bartlett was in the bank until a very late hour on Saturday night, and he is said to have left here on the 11.55 train that night. He was seen at Florence by two gentlemen from Sunite: and his conduct there was SO suspicious as to create comment. He purchased a ticket there to New York by the all-rail route and took a sleeper. Many suppose, however, that the purchase of this ticket was only a bluff gaine and that he has gone West H had lived many years in Texas near the Mexican border, and some suppose that he has gone in that direction. Telegrams have been sent all over the country notifying the police to look out for him. Bartlett's bond amounted to $10,000 and was signed by the best business men of the town. It is a perfectly sound bond. The feature of the defalcation which is creating the most talk is the fact that the directors and bank officers knew of the condition of the books many weeks ago; the directors met and passed a resolution to the effect that if his books were not straightened by the 15th of August, they would require his resignation. It is also said that a number of his relatives and friends, including several of the most prominent citizens of the town, knew of the condition of his books on Saturday night, if not before. Bartlett's downfall was caused by heavy speculations in cotton futures. The bank has suspended payment until some arrangements can be made. The defalcation will not injure the bank materially, and it will not cause any business embarrassment in the town.


Article from Huntsville Gazette, August 27, 1887

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LATE NEWS ITEMS. THE loss on the rice crop of South Carolina will exceed $100,000. JUDGE KUMLER, of Cincinnati, has decided that hereafter the Union Labor party must be recognized in making appointments of election clerk<, registrars and judges of elections. MRS. SARAH JACKSON died at the Hermitage, near Nashville, Tenn., on the 23d, aged 81 years. THE employees of the shoe factories of New York are threatened with a general lockout. A CONVENTION of the Know-Nothing party will be held in Philadelphia next July to nominate candidates for President and Vice-President. DEFINITE information has been received at St. Louis that the Presidential party will reach that city on October 1st, and remain until the night of the 4th, when the party will leave for Chicago. C.E. BARTLETT, cashier of the Sumter (S.C.) National Bank, has absconded with $20,000. The bank has suspended temporarily, but can stand the loss. AT Okolona, Miss., on the 20th, there was was a joint debate between Gov. Lowry and Hon. Frank Burkitt on State finances. A CONTINUANCE was granted on the 20th in the Hamilton case, which was set for trial at Brandon, Miss. THE cotton crop in the neighborhood of Pine Bluff, Ark., has been greatly damaged by the protracted drouth. Young bolls and squares are falling off and the outlook is discouraging. THE financial embarrassments of Indiana are growing more and more serious. The last dollar in the general fund of the State Treasury was paid out on the 20th, and there are no resources that can be drawn upon before next December. GEORGE BRINSKI, the man who claimed to have served three years in the Union army during the war of the rebellion as a substitute for Grover Cleveland, died at Bath, N. Y., on the 20th. A MOST terrific hail storm swept over Atchison, Kan., on the 20th. Some of the stones measured nine and ten inches in circumference. WM. BYERS, of Indiana, Pa., shot and instantly killed. his father, John S. Byers. The father wanted the son to plow and an altercation occurred, resulting in the son, aged 19, drawing a revolver and shooting the father through the heart. The neighborhood is excited and there is talk of lynching the patricide. THE President has signed an order trans ferring the names of pensioners residing in Virginia and West Virginia from the rolls of the pension agency located at Knoxville, Tenn., to the agency in Washington, to take effect November 1, 1887.


Article from The Osceola Times, August 27, 1887

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CONDENSED TELEGRAMS. THE loss on the rice crop of South Carolina will exceed $100,000. JUDGE KUMLER, of Cincinnati, has decided that hereafter the Union Labor party must be recognized in making appointments of election clerk<, registrars and judges of elections. MRS. SARAH JACKSON died at the Hermitage, near Nashville, Tenn., on the 23d, aged 81 years. THE employees of the shoe factories of New York are threatened with a general lockont. A CONVENTION of the Know-Nothing party will be held in Philadelphia next July to nominate candidates for President and Vice-President. DEFINITE inf rmation has been received at St. Louis that the Presidential party will reach that city on October 1st, and remain until the night of the 4th, when the party will leave for Chicago. C. E. BARTLEIT. cashier of the Sumter (S.C.) National Bank, has absconded with $20,000. The bank has suspended temporarily, but can stand the loss. AT Okolona, Miss., on the 20th, there was was a joint debate between Gov. Lowry and Hon. Frank Burkitt on State finances. A CONTINUANCE was granted on the 20th in the Hamilton case, which was set for trial at Brandon, Miss. THE cotton crop in the neighborhood of Pine Bluff, Ark., has been greatly damaged by the protracted drouth. Young bolls and squares are falling off and the outlook is discouraging. THE financial embarrassments of Indiana are growing more and more serious. The last dollar in the general fund of the State Treasury was paid out on the 20th, and there are no resources that can be drawn upon before next December. GEORGE BRINSKI, the man who claimed to have served three years in the Union army during the war of the rebellion as a substitute for Grover Cleveland, died at Bath, N. Y., on the 20th. A MOST terrific hail storm swept over Atchison. Kan., on the 20th. Some of the stones measured nine and ten inches in circumference. WM. BYERS, of Indiana, Pa., shot and instantly killed his father, John S. Byers. The father wanted the son to plow and an altercation occurred, resulting in the son, aged 19, drawing a revolver and shooting the father through the heart. The neighborhood is excited and there is talk of lynching the patricide. THE President has signed an order trans. ferring the names of pensioners residing in Virginia and West Virginia from the rolls of the pension agency located at Knoxville, Tenn., to the agency in Wash. inster, to take effect November 3, 1864,


Article from The Newberry Herald and News, September 1, 1887

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THE SUMTER DEFALCATION. The Government Inspector Takes Charge of the Bank-Reasons why Bartlett Should Have Been Removed Long Ago. SUMTER, August 24.Mr. Samuel D. Tate, of North Carolina, a Government bank examiner, arrived here late yesterday evening and was closeted with President Wallace until a very late hour in the night. He took charge of the bank this morning and has been busy all day examining its affairs. He cannot yet say anything definite about its condition, as the investigation has not progressed far enough. He says, so I am told on the streets, that the examiner who was here in March last, and who pronounced the books in excellent condition, could not have made a very thorough examination, or he could not have made such a report, as the books were then, as well as now, in very bad condition. It seems that very few persons, if anybody at all, had an idea that Bartlett was speculating in futures, although it was known that he possessed great betting propensities and has for several years been investing heavily in the Louisiana State Lottery. On Monday morning, a short time after his flight became known, an express package was delivered at the bank for Bartlett, which, upon being opened, was found to contain a check of a New Orleans bank for $150, and $124 worth of lottery tickets. During the Presidential campaign of 1884 Bartlett is known to bave won several hundred dollars on the result. At that time one of his bondsmen wrote him that he desried to come off the bond, but for some reason he remainnd on it. No suspicion was entertained then, however, that anything was wrong with him. One of the counsel for the bondsmen told me this afternoon that they intended fighting the matter to the last. Major Green Bartlett's father-in law, telegraphed his family that it will be impossible for him to come out here at present. THE RECEIVER OF THE BANK. Mr. John E. Phillips, of Charles ton bookkeeper for George A. Trenholm & Son, has been appointed receiver for the Sumter National Bank, which has been placed in such serious straits by the Bartlett defaication. Mr. Phillips was appointed at the suggestion of Col. Wm. L. Tren. holm. United States comptroller of the treasury, and having wide experience in the keeping of accounts will no doubt give general satisfaction. He has already furnished bond to the amount of $20,000, and will immediately assume charge of the bank. DID BARTLETT GO WEST ? A railroad man said to a Reporter yesterday that he was of the opinion that Bartlett, the absconding bank cashier, had gone West via Charleston, and the theory that he had bought a ticket to the North in order to throw the officers of the bank off his track was the correct one. "The correctness of this theory," said he, "is borne out by the fact this was the shortest, quickest and most convenient route by which he could get out of the country. The train which took him from Sumter reached Florence at 1.15 A. M. At 1.30 he took the fast mail train for Charleston, reaching Ashley Junction at 4 A. M., when he boarded the train for Savannah. This train carried him through to the West, landing him at 7 o'clock the next morning in New Orleans, where the Southern Pacific Railroad makes close connection for Mexico and points in the far West." Chance for Civil Service Graduates.


Article from New-York Tribune, September 1, 1887

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CASHIER BARTLETTE STOLE $80,000. CHARLESTON, 8. C., Aug. 31 (special).-The bank examiner has just finished his report on the condition of the Sumter National Bank, which suspended ou account of the defalcation of Cashier E. P. Bartlette. The report SHOWS that Bartlette stole $80.000 which is $30,000 more than the capital stock. The bank has been in existence about three years and was one of the most thriving in the State. Bartlette is thought to be in New-York.


Article from The Newberry Herald and News, September 22, 1887

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A SENSATION IN SUMTER. Col. R. Wallace Struck With a Cane by Mr. P. G. Bowman. whom he had Accused of Drawing on the Bank when he had no Money. Special to News and Courier. SUMTER, September 19.-Quite a ripple of excitement was caused here this morning by a fight between Col. R. M. Wallace, president of the defunct Sumter National Bank, and Mr. P. G. Bowman. It seems that in examining the bank papers the receiver found among other vouchers drafts amounting to over $3,000, which bad been drawn by Mr. Bowman on the bank last year. Col. Wallace mentioned this fact to a gentleman in town and added that Mr. Bowman had no money in the bank when the drafts were drawn. Mr. Bowman heard of the remark and meeting Col. Wallace on Main street, in front of the Courthouse this morning, asked him about it, Col. Wallace replied that he had said it, whereupon Mr. Bowman said that he did have money in the bank when he made the drafts and told Col. Wallace that he was a liar, adding that he thought Wallace was as deep in the bank robbery as Bartlett. Wallace gave Bowman the lie, and the latter immediately struck him across the head and shoulders twice with a light bamboo cane which he, carried in his hand. Col. Wallace caught the cane out of Mr. Bawman's hand. when Bowman drew his pistol. Several bystanders then rushed up and parted the combatants. Both were arrested but were released after being summoned before the Police Court in the morning, when all the facts and circumstances of the case will receive an official investigation. At the time the drafts referred to were drawn Mr. Bowman had money in the bank amounting to about 84,000, about $600 being his own, and about $3.340 belonging to two clients, for whom he had collected from the Wilmington, Columbia and Augusta Railroad Company on judgments obtained against that company. Col. Wallace says that there was. no deposit credited to Mr. Bowman on the books when the drafts were made. There is a report on the streets that Receiver Phillips has discovered an error in the bank examiner's estimate of the defalcation amounting to about $14,000 in favor of the bank Mr. Phillips refuses to say anything about the matter, but does not deny the truth of the rumor.


Article from The Morning News, September 26, 1887

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hibits. The inquiries for information about the fair are more numerous than usual, and the indications favor an exceptionally large exhibit of live stock. At Spartanburg, Saturday was appoiuted as the day for the Clifton strikers to show cause before Trial Justice Thackston why they should not be evicted. Mr. Wilson represented the employes and Mr. Simpson the company. The case of Mr. Busby was taken up, and after much evidence and short arguments the Judge decided that the company was entitled to have the writ of ejectment enforced. There are twenty-two other similar cases. C. W. Forster, of Gergetown, expected to make a considerable quantity of scuppernong wine this fall from the vineyard at Friendfield plantation. The vines bore abundantly, and were jealously watched and guarded until a few days ago, when they were left unprotected for a brief interval. When Mr. Forster returned to gather some grapes his vines had been swept clean by the negroes, and not a cluster of the fruit could be found. Richmond Fraser (colored) died after an illness of several weeks. He jumped from a window in the new school building which is being put up in Abbeville for the benefit of the colored people, and hurt ankle. The injury was not thought to be severe at the time, and he continued to work for several days, when he began to suffer. He took his bed, mortification set in, the foot was amputated. and now he is dead. He was study. ing theology with a view to preaching. The fact that SO many deaths have OCcurred among the South Carolina College students, at Camden, caused by fever, is be ing freeiy discussed. The matter ought to be investigated, and, if the cause is in the college buildings or in the water supply of the students, it ought to bespeedily removed or the fact made known that such is not the case, for at present it seems to be believed that the cause of this fever, which has produced death in various parts of the State, lies in the buildings or water supply of the college." The case of W. A. Pollard, ex-postmaster at Greer's Station, near Greenville, for obthe mail and opening letters to pry to secrets, was heard before Commissioner Hawthorn Monday. Pollard was postmaster at Greer's for twelve years before his removal last June on account of complaints of this character. He is charged with breaking open two letters written by Congressman Perry to Dr. League, at Greer's, concerning the management of the office. Pollard was sent up to court, giving bond for $300. The ginning outfit and corn mill of Mr. O. P. Wilson, situated about half a mile from Campbellton, was destroyed by fire Monday. The fire was discovered in the lint room, about 8 o'clock, while the gin was in motion, and the generally accepted theory is that it originated from a match or friction. The loss, including nine bales of cotton, a quantity of cotton seed, damage to engine, etc., will probably amount to $2,000 he property was insured in the Home, of New York, for $1,000, two-thirds of which amount is collectible. Jesse Blaine, a colored man living on Waccamaw, was shot and killed at Clifton plantation on Monday night by Titus Small (colored). The shooting was done with a shotgun, and death ensued almost immediately. The tragedy is said to have been caused by Blaine's intimacy with Small's wife. It is said that Blaine sent the woman over to Georgetown Monday night, and had made arrangements to meet her the next morning, when they were to go to Charleston together. The murderer fled, and has not yet been arrested. Mr. A. K. Mann, while working at Cruise's mill, in Anderson county, last week, was bitten twice on the right forearm by a spider, and the result was a highly inflamed wound and a great deal of physical suffering. Before going to work Mr. Mann donned an old woolen shirt, expecting to get wet while working about the wheel, and did not notice until after he felt the sting of a bite the second time that a large spider had made a nest in the sleeve of the shirt. When he felt the first sting he rubbed the place slightly, thinking it was a splinter, and at the second sting he rubbed more vigorously, but still kept at work. In about an hour the pain increased a great deal and the wrist began to swell, when an examination showed the remains of a large spider and a nest of eggs mashed over the arm. Theskin came off all over the surface touched by the mashed substance, showing the intensely poisonous nature of the insect. E. W Moise, Jr., a son of Charles H, Moise, of Sumter, has written home that he saw Charles E. Bartlett. the defaulting bank cashier, in San Antonio, Texas, a few days ago. Mr. Moise has been a resident of San Antonio for a number of years, and knew Bartlett both out there and at home. This verifies the belief that many persons have that Bartlett went to Mexico, although it is somewhat a mystery how he could have also been seen in Washington and New York, as has been reported on reliable authority. There is also a belief among a large number of people that he has gone to South America. When he took the North-eastern train for Charleston, on the night of his flight, he could have continued to Tampa, Fla., and reached that city the same day that a vessel was advertised to sail for South America. There is nothing new relative to the bank failure. Receiver Phillips isquietly working away winding up the business, although it is hard to tell when he will finish. Bartlett's bondsmen hold occasional meetings, but nothing can be gotten out of them concerning their proposed course. Some of them intend to fight to the lastagainst being held liable, while a number of them express themselves as willing to pay up their quota of the bond and have no further trouble about it. It is not yet known whether or not the matter will be tried at the October court. SUMTER, Sept. 19.-Special -Q a ripple of excitement was caused at Sumter Monday morning by a fight between Col. R. M. Wallace, President of the defunct Sumter National Bank, and Mr. P. G Bowman. It seems that in examining the bank


Article from Wichita Eagle, May 24, 1888

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The Wichita Daily Eagle: Thursday Morning, May 24, 1888. SPORTING. SUIT AGAINST A BONDSMAN. CHARLESTON, S. C., May 23.-In August BASE BALL. POLITICAL CONVENTIONS last Charles E. Bartlett, cashier of the CASH PURCHASERS. AT KANSAS CITY. Sumter National bank, absconded. He has not been seen or heard from since. 110042000-8 Kansas City Omaha 202000000-4 THE SENATORIAL CONVENTION IN He was first reported to have gone to AT BROOKLYN. Canada and then he was alleged to have SESSION AT LINCOLN. sought refuge in Mexico. The only things 200000100-2 Brooklyn certain are that he has not come back and 00000*50*-7 Kansas City WANT : A: BI Batteries-For Brooklyn, Caurthers and that he stole enough money to break the Bushong. For Kansas City, Toole rnd bank, his total stealings amounting to Daniels. The Delegates Instructed for Ingalls about $80,0000. Bartlett's bondsmen are Base Hits-Brooklyn 4, Kansas City 12. i Everything here offered is of real and Plumb for Re-Election here, however, and they are are good for Errors-Brooklyn 6, Kansas City 7. exporters. Such goods as you want and S $10,000, suit for which amount was begun To the Senate. AT CLEVELAND. wonder. It's the way we are building up SI in the United States court today. ExCleveland 000500000-5 Mayor Courtenay is foreman of the jury At Cincinnati 001300101-6 torner Genenal Earl is the leading counsel Batteries-For Cleveland, Crowell and $1.25 FOR 94c. for the defense. The bank is in the hands of Illinois Democratic State Convention-ReSnyder. For Cincinnati, Vian and BaldJohn Phillips, receiver, appointed by the A lot of pure silk faille franwin. port of the Committee on Resolutreasury department, by whom the suit is IN caise, regular price. $1.25, we will Base hits-Cleveland 7, Cincinnati 10. brought. District Attorney Shumans is tions-Delegates. close at 94c. Errors-Cleveland 9, Cincinnati 6. leading counsel for the plaintiff. The deFrom t fense claims that that the president and Rain prevented the game at Baltimore the Bolt $1.00 FOR 75c. directors of the bank had been negligent with St. Louis, also the one at Philadelphia est pur between the Athletics and Louisville. and culpable in allowing Bartlett to carry Gen. Palmer Nominated for Governor-The A large line of all silk 23 in. on the frauds which he was shown to have sale tod wide satins, rhadames and surah AT INDIANAPOLIS. Mills Faction Victorious at Harrisperpetrated, and that they should have exsilks worth $1.00 per yard, out 0020000*0-4 Indianapolis. amined into and used proper care in the burg-Other Conventions. Boston 30101000*-5 1 they go at 75c. management of the affairs of the bank. Batteries-For Indianapolis, Boyle and Receiver Phillips testified today that he 35c FOR 19c. Meyers. For Boston, Conway and Kelly. had found the most carefully devised sysBase hits-Indianapolis 7, Boston 11. tem of fraudulent bookkeeping by the de25 pieces 36 in. plain and check LINCOLN, Kan., May 23.-The ThirtyErrors-Indianapolis 4, Boston 4. If you faulting cashier; that figures had been suiting, look at them and you fifth district senatorial convention of Reand wi AT ST. LOUIS. continually changed from hundreds to will recognize a saving of 16c at publicans is in session here tonight. It St. Louis yard it 000100100-2 thousands, and that the entire set of books our price for this sale, 19c. showed a determined and well carried out It's th Des Moines 000000000-0 began its labors yesterday at 2 p. m. with effort to ruin this corporation and rob it of four candidates in the field. A deadlock 25c FOR 10 1-2c. AT PITTSBURG. the last penny. The case will not be finis on; 350 ballots were taken without 001000120-4 Pittsburg. A medley of goods worth and ished for several days. Dartlett ranked .00012200*-5 Washington change. No prospect of a nomination to20 CO. selling elsewhere at from 15c to high in Sumpter. 30c. nor yard sincle and double trote no night. The vote stands: Ellsworth counBatteries-For Pittsburg, Kaufman and