The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-17

Ave thoueand dollars each. This y . broad mlstaks;
charge fails % the ground (rhs learned counsel
read the books the the transfer Of
WosdJ Why ssntensn, We asd Charley Woods name
in the books OF the original stockholders and for
70 start on Dr. Hopkins ssys he ooHS nct nd Charles
Wood in New York You might ~ well attempt TO and
John Jones IN the Crystal Palace As for stranger to
We have some $4,000 discounted TO Charles Wood (Dis.
Putd by Mr. Scott but persisted in by the other side
thai this Charles Wood returned during the month Of
August in which the bank failed, some seventeen thou
rand fix hundred dollars In current funds Does this
lock like intention TO break up the Why,
gentlemen ON the very day before the bank broke, he
the account Wood Is sti behind sise2e; he had re-
ceived $4,000 from the bank, and had returned
upwards o. and was st rapidly refunding when
about fictitious names the whole thing is matter OF
moonshine Here alist Of several hundred stockhod
err you think they were so in fact! Not bit Of It
These names picked up at random from newspapers
or poll book and were written in the book to make
up st. That's all MIR Apologize the stockholder
and the bank from his hands Charley
Weed But tins first charge. gentlemen, falls Of itself
to the ground On the specification abstract
ing receipt Of $4,000 Of Moses Y Beach, there is no
evidence There is no evidence Of any such a receipt
Scott discussed the question of evidence Of this receipt
The letter itself Is evidence)
1T being dinner time, the Court ordered
| Of one hour. After which
MIR. Constable continued-The jury bound to con-
slider the books Of the bank evidence they account
day TO day lie maintained that Charles Wood was
ra d agent that his repeated payments to the bank
proved it, that il there had been design Of fraud these
payments would have b withheld and that in short
there nothing in the evidence in the Of
the other side to justify any other verdict Of the jury
| than verdict OF acquittal.
MI Scott to close up the argument for the State.
The counsel for the prisoner had been exceedingly loose
in their constructions of the law and had resored
gooo deal TO imagin They had argued II it
between the directors and the cashier when 1t
| was between the State Of Maryland and Ezra Collier.
They rely upon the books, when declare the
tmony Of confident witnesses that they full Of fraud
uent entries lie read the act Of Assembly for the pro-
lection 81 the community against swindling bank Of.
hcers 1t palmer than the English authorities Of
the other side and directly upon the case;
bezz.ment H. in this matter make way with
appropriate lonious the funds Of the bank whereby
the community Is dcfrauded We say this man is guilty
II Is defence of him to say the directors did do
their duty lie came TO them strict professor OF reli
gion, high in the church. and thus calculated to
win upon their confidence They thought him honest,
with these high religious qualifications. lie certies to
the soivency Of the bank his coming in and he
nages it, affairs SO sklfuy in securing the full conf
dence Of the directors that it is till April 1850 that
they learn there is something going between him and
his New FORK confederates in reference to his bonds
Even then they did not suspect him his designs They
did not know that Charley Wood fictitious name,
shu aha s .he rear name was o. Il. H. nays. ana
receipt of Beach for s25oo' We have the letter
of Hays, alias Charley Wood, admitting. But what
evidence have in the books that he and the
Beaches pllsgng the bank Upon the books there
are no Beaches, but every thing is in possession
of Charley Wood. Mr. S. conended that the proof
clear that the note Of Apologize f $50 900 had peeu alb
stractee and that the payments purporng upon the
books 10 have been made by Charley Wood made
they must have been pocketed by Collier, for they
not IN the bank The ENTRIES false the prisoner
had taken the money If the are false and the
money not paid az recorded where these
amounting 10 $4,000, turned over to Charley Wood?
If he paid back the s2 900 on the books Collier
them, by his own statement But at the time Of the
failure, there $4,000 In circulation, of the banks
paper which proves that the entries fictitious
bank; but from May August the circulation went
increasing from day 70 day The learned counsel of the
satisfactory in these recorded Wood ncud
ing the - 500 the day before the failure Where WAS
the money 1t not found in the bank
Mr. Archer.-it was used in the redemption Of the
banks notes.
| Dir scott-If 80 expended the notes we're redeemed:
but there were none Of them in the bank As the notes
redeemed the circulation would be dininished;
hut The bank closed with $4,000 in circulation with only
s0to Of resources in the bank that there must be
sqPe $4,000 in Golfers hands Counsel cay that from
- book Wood faithfully engaged in paying up
forget to tell Us what was done or has been done
- the money
3onsiderable discussion upon the books followed be-
- MIR Scott and Mr. Constable the latter contend
Ing that from the books could be made to appear that
Colier accounts were balanced could be balanced for
every dollar Of his transactions; and the latter that the
books Themselves furnish the strongest evidence Of his
.rimnaity in the fraudulent entries lac had made
b. the directors 10 be such Mr. Constable called the
attention Of the state to the fact that there Charles
Fad any thing 70 do with it, which Mr. Scott admtel
and that Wood he conceded to be bona Jde man. but
so with the Chsrleywood Of Mr. Cclerwho only
Mr. Hays in disguise A. appeared from the letters 9!
1
writing In conclusion MIR scott said the law clear
the eyid' nee, he thought sufficiently clear and it
for the Jury to determine the between the
frauds prpetsted by the prisoner and the wrongs suf
feIed hy the community.
1.-THE reporter Of the Herald dispensing with the mass
ofvertage In these proceedings has simply end-avored
90 retain the gt Of both evidence and argument In the
brefes for fair undcrtandng of the trial OBJ
Jet which ta perhaps been sufficiently achieved for all
practical purposes
The bsa ordered to take the jury in charge; the
jury ordered to retire; and the Court adjourned at
about 81 O'Clock, T. NJ. AT O'Clock, they returned,
when the judges called again into court with the
counsel on both tides and the prisoner and being called
on t. render their verdict, the jury pronounced the
| prisoner not guilty"
The verdict received without any denomination
Of approval disapproy among the spectators; it
received cooly. and all hands very quietly dispersed
1 MIR Iays alias Wood, and other New Workers were
present during the ual which has disclosed Mt least
another very interesting and useful specimen of New
York city nnencering in the rural districts"
| Another indictment against Collier, charged with
forging check of some 800, comes up tomorrow
Your reporter extends hs thanks to the Judges,
the counsel both sides aud the clerks Of the
especially for assistane and facilities in bis making up
hit reports
We regret TO learn that the visitors from uayre de
Grace indignant Mt the verdict Of the jury
After fair trial with very able counsel both sides
Collier hs teen acquitted ~ -mb.zyng the fund OF the
arrr De Grace Bank An impression prevails here that
he either the dupe tn. agent Of the New York
fnancerstbe chief ~ whom alleged 70 be the Plain
field jotberor that the whole corrupt
lsgI ming to end and that II would h. unfair to make
Collier the scspegost q sconsprscy Of svinders g
nersnt and unqualified men for banking operations.
The Iisyre de Grace people exceedingly dspieasei
with the verdict they believing that Collier Il the guilty
and that the bank exp.c because q his false
trss and his extensive appropriations IL m funds in the
a Charley Wood and other- The New Workers
present at the trial including sir Hays sIcyrey aud
others, raid to be satisfied that the verdict
rect We so Informed, this morning that Wood is
bro f6e and authorized Hyys 70 bis name,
which u said accounts for the letters Of Wood and
Hays being all In tn. same handwriting II this b. 40,
relieves certain persons In New York Of the suspicious
sgsinst them this point although they here
sde ID the New York managers OF the banks opera
toHs The trial discoecs one indi'putable fact-that
when the bank broke II baa Sses0o out and only some
Slltto funds hand that Ina way the public
have been largely sgindvd, notwithstanding the lnno-
of MIR Collier A. write Collier Is undergoing
rnothtr trial for frauduleuiy tanning check the
Cecil Bank 81 800 upon which II Il supposed he will be
acquitted
PRuDrcriONS Or THE lSTuMts TIHuANrE-
rtc.- Ihern h ocular evidence of What can be