The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-09-15
Police Intelligence.


CHARGE or FMnEZzIEArNr AGAIasr A PRESIDENT
or BANK IN WALL sTEEET.
Yesterday, officer Westakc, Of the lower pelice mr.
rested Earl Arnold Prosdent pro tenn Of the Suffolk
Bank in Wall treot, warrant issued by Justice
born, wherein r Arnold stands charged with cmbezzo
ing some $4,000 from the associstion. The following
the facts in the case upon ada, before the
Police Court, such ohidavits being on file, witch the
magistrate deemed sufficient to Issue warrant Of ar
rest -
Erasmus D. Foot, being duly sworn says--That on or
about tbc Goth day OF Juno s the bank known al tho
Suffolk BeDk, organized by the appointment OF a
cashier ten prcsdcDt and two directors and depo-
to III he Office OF president Temporarily until the men,
bcrs OF the association ct to elect Other and
moro suitable person; that in pursuance aid appoint
poinims Mt the snid W Earl Arnold entered upon and
perfoIm the duties dc yol7Dg upon him said presi
dens that while acting said President tho said ".
Earl Arnold OF divers times received large sums Of
money belonging 10 tho said association amounting n
all to the deponents best information and belief TO the
or about seventeen thousand doiars which the said
Earl Arnold has embczed. and convored to his own
ute. as opponent believes and charges nasmuch a. tie
said Arnold refuses to account ior the pay tho
same Into the iunds Of he association that such cru.
be- dement, and conversion Of the said funds Of the said
asfceaton by tho said Arnold while acting said
side Mt aforesaid made by the acd w Eai Arnold
with the Intent to enbezzlc and convert the 10 his
own uSc without the consent Of Bis employers that Ia TO
say the Other officers di,ectors and stockholders of the
sao asocatlcE The deponont further says tlt he Ia
stookholler and director os the sd association and in
sncn capacity has demanded with the consent and 40.
probation Of stne Of tho other sockhoiars the moneys
herenbere mentioned received by tho said arnold In hi.
capacity Of such President be paid BY him iato tho
funds OF tire said association; ani tie sd Arnold still
holds the funds Aforesaid and refuses to i've any account
OF said funds, either satisfactory ourwie to pay
the
EtwTy sT. Taylor Of seid city, being duly grorn--
Says that he 10 the present ey &C the Suffolk Bank
of tho city New No- that daDnrent duly elected
casber CT aid bank atou. the Goth dsy Of August
TO- and drponent fithtr eays tia. tho 1ith dny
Of SEPTEMBER 1909 one Henry Homer deposited ia sail
Suffolk Bank Tho q 5000 81 aud lepcnent credited
the fnid amount 10 fc aid c5sr upon tho books Of
SAID ha0A and that shorty after ihs ssii Homer made
u l,pcit as Aforesaid William FAIL Aroli the acting
pre- dcD o. sd bang. took into his possaecn The aaii
ftC. and pat The same ius5 he own postes without tac
con nj g to ccefs os s!d Lat and Opponent Believes
irs BE- tmbezlea the ail Of 5000, aad converted
Tho eple 10 Ls own and has acocnnted 20 sbe
bsn or the acrssCid q 5000 AMI Jcp1nent fur.
thrFeya hat tie said Arnold hos taken from he said
rank ,rioua 9th cl money, hls Apr priate1
the tar9o 70 his and deposcnt believes no has
cobezled tho tahio lra ccnyeiied tho 70 bis own
nc nd ;hst fad Arnold rcfuscs 10 FOE the pro-
cccjs o! snid bank.
On tbs shove sdaY,ts Mr. Arnold was brought before
the Police Court to a,s~sr The char,e OF
mbea,lsmept The defendant. howcyer. denies tAs
harPe pref rred against him. and iamarta hoarl,r
The accused was placed IN the custody CT olccr,
pendlDg the Investigation.