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WILL PROTECT THEM. GUARANTOR'S VIRGINIA POLICYHOLDERS WILL NOT SUFFER. BE PAID OUT STATE DEPOSIT. Treasurer Harman will Not Surrender the Fund Until Their Claims Are Satisfied-A Suicide and an Arrest. The developments and disclosures made the connection with the failure of People's In Bank, of Philadelphia, on March 25th. involving. as they do, the Guaran- headtors' Finance Company, which has folquarters in the same city, have been the lowed with close interest here by numerous clients of the Guarantors' of Liability and Indemnity Company, abPennsylvania, which was recently morbed by the Finance Company The local agents for the Liability Comwere Messrs. Pleasants and Crenpany shaw, who stated yesterday afternoon that they had done little of no business and for the company since October last, that the liability in this city would hardly by exceed $7,000, fully secured, however, $25,000 deposited by the old company, with with Treasurer Harman, in accordance the State law regarding foreign corporations. Among the firms which have claims the company are the Chesapeake RichRailway Company, Traction Company, and and mond against Ohio the the on Rich- the mond Cedar-Works. An attempt recover of the Finance Company to the part these bonds has been frustrated them by to State Treasurer, who will hold desatisfy the claims of the Virginia inpositors, some of whom have already in the stituted suits, which have resulted Crenshaw appointment of Mr. Charles S. in RS receiver for the Finance Company this State. DRAMA WITH MONEY MOTIF. story which has come to light named as The result of the failure of the above its bank, a unfolds a drama with money in as its motif, a drama which embraces and of catastrophe the passion of grief the vengeance. In this modern drama husband, are three. First, a second, the the a demanding vengeance for characters suicide; the first, widow, woman weeping on bethird-the man whom that ruined her husband and caused of lieves to take his life. On all the spirit It him for money grains satirically. late is desire the story of John S. Hopkins, widow- the Bank cashier, of his RichPeople's week ago his wife-and of until F. a Loper, promoter and general man- Comard ager of the Guarantors' Finance pany. Before Mr. Hopkins sent the bullet career into brain that ended his earthly his penned a letter to his wife and daugh- Loper he ters. Briefly this letter charges with Hopkins's downfall. He (Hopkins) the Guartwo years ago had loaned securities some antors-Loper Company some them the bank. He could not get would of but, hoping that the tide eventually back, turn, hé then began loaning them the bank's money to keep and afloat. them The tide never turned. Deeper indebted the Guarantors became after deeper the People's Bank, and as dollar bank to was thus thansferred, the dollar weaker and weaker. In this manner collategrew $790,000 of the bank's money and Comrals passed over to the Guarantors' consideraThe securities given in wellpany. tion for this sum are said to be night worthless. LETTER TO HIS WIFE. Harassed, weighed down by a burden overhad become heavier than his could strained that nerves and overtaxed brain but John S. Hopkins killed himself, letter bear, before dying he wrote the following is an his wife and daughters, which which appeal to for pity and for mercy, and clearly reflects his character: "My Dear, Devoted, Loving Wife and on Daughters, For months I have been the verge of insanity from trouble at bank. the After my first sleep of exhaustion fought the balance of the night of have through praying to God to get me out my trouble, but it was of no avail. "I, some two years ago, let the Guarantors-Loper Company have some securi- them of the bank, and could not get back, ties and then from that I had to loan money to keep them afloat, and could my them was in the lion's mouth and I has hand get it out. The only thing that tide not me alive was the hope that the would kept turn with them and I could get can the securities back, but now I see it never be, and I cannot bear this pressure on my brain any longer. "I say to you this and swear it before Almighty God never, from December 20. until this moment, have I on my family, my or 1869, dollar house, ever and spent mine my A yelf that was not earned by me the spend. I have to leave you to to nercy of a loving God. "Lovingly, HUSBAND AND PAPA. March 24, 1898. On Monday afternoon Richard F. Toper, of rice-president and general manager arrested Finance Company, was dethe charged with conspiracy to cheat and the People's Bank, whose president its !raud has agreed to pay in full the claims of
