Abstract

Mr. Wanamaker's Confessions

The U.S. merchant John Wanamaker appeared before the Keystone Bank Investigating Committee on Monday, with a written statement, prepared under the advice of legal counsel, in which he professed to give a complete account of all his relations to the bank and its wreckers. It had been shown that Wanamaker was on very friendly terms with Lucas, the dead President of the bank, who stole $098,000 of its funds, and with Marsh, the fugitive President, who succeeded Lucas and concealed his predecessor's theft by means of false statements and other deceits. The other counts of the case against Wanamaker were that he had enjoyed unusual favors at the Keystone Bank during Marsh's Presidency, had been granted discounts to an extent three times as great as allowed by law and that Wanamaker's wife had been permitted to overdraw her account. He admits the truth of all of them.