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Quay's defense successfully invoked the statute of limitations.<ref>https://books.google.com/books?id=0y3ZAAAAMAAJ&pg=PA236&dq=people%27s+bank+of+pennsylvania+quay&hl=en&newbks=1&newbks_redir=0&source=gb_mobile_search&sa=X&ved=2ahUKEwjR6cm7guCKAxXkQjABHf3dK8IQ6AF6BAgGEAM</ref> Quay's defense successfully invoked the statute of limitations.<ref>https://books.google.com/books?id=0y3ZAAAAMAAJ&pg=PA236&dq=people%27s+bank+of+pennsylvania+quay&hl=en&newbks=1&newbks_redir=0&source=gb_mobile_search&sa=X&ved=2ahUKEwjR6cm7guCKAxXkQjABHf3dK8IQ6AF6BAgGEAM</ref>

There was also a People's Savings Bank of Philadelphia at 1508 Lombard Street organized by U.S. congressman ] and managed by blacks. It too failed.<ref>https://exhibits.temple.edu/s/william-still/page/people-s-savings-bank-of-phila</ref>


==References== ==References==

Revision as of 10:11, 6 January 2025

Peoples Bank of Philadelphia was a bank that went bankrupt initiating a political scandal and allegations of corruption and misuse of state funds. It was a state depository.

Peoples Bank of Philadelphia was a bank in Philadelpgia, Pennsylvania that failed in 1898. There were allegations of political corruption. The bank's cashier committed shicide after the scandal broke.

It was a depositary of state funds.

U.S. Senator Matthew Quay was indicted before being acquitted. His son was also accused of involvement as were other Republican Party political leaders in the state.

Quay's defense successfully invoked the statute of limitations.

There was also a People's Savings Bank of Philadelphia at 1508 Lombard Street organized by U.S. congressman George H. White and managed by blacks. It too failed.

References

  1. https://www.nytimes.com/1899/04/11/archives/exsenator-quay-on-trial-after-numerous-delays-the-case-is-begun-in.html
  2. https://cdnc.ucr.edu/?a=d&d=SJH18981210&e=-------en--20--1--txt-txIN--------
  3. https://books.google.com/books?id=AB24rFZOmzcC&pg=PA365&dq=people%27s+bank+of+pennsylvania+quay&hl=en&newbks=1&newbks_redir=0&source=gb_mobile_search&sa=X&ved=2ahUKEwjR6cm7guCKAxXkQjABHf3dK8IQ6AF6BAgIEAM
  4. https://books.google.com/books?id=0y3ZAAAAMAAJ&pg=PA236&dq=people%27s+bank+of+pennsylvania+quay&hl=en&newbks=1&newbks_redir=0&source=gb_mobile_search&sa=X&ved=2ahUKEwjR6cm7guCKAxXkQjABHf3dK8IQ6AF6BAgGEAM
  5. https://exhibits.temple.edu/s/william-still/page/people-s-savings-bank-of-phila