The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-05
Police Intolligence.
AN ALLEGED FRAUDULENT BANKING OPERATION
ARREST OF THE PRECEDENT OF THE BANK ny
THE POLICE


AN ALLEGED FRAUDULENT BANKING OPERATION
ARREST OF THE PRECEDENT OF THE BANK BY
THE POLICE.
Before Justice Stuart.
For weeks past sign has been exhibited at the
corner of Ann and Nassau Streets which appeared
s'New York City Bank There did not to be much
business transacted in the establishment and many ru
mors Of suspicion were aoat respecting the responsibility
of the concern
The suspcions have now been to degree realized
by legal proceedings being commenced before the police
magistrate in which Mr. Pcton, the complainant, makes
disclosures in affidavit wherein he charges that
Mr. E. D. Foote the reputed President of the bank, has
obtained from him thousand dollars under false and
fraudulent pretences.
The following is the evidence of Mr.. Picon together
with copy Of the certificate of stock and assignment
Thomas Picton of No. IA Fourth street. sworn says
That about the month Of December last he in.
bank was established in pursuance Of law; and that said
f. d. Foote was the President thereof, and Mr.. c. III.
Cornell was the cashier of the same; and further that
the title Of the bank 1.-THE New York City Bank, y
doing business at the of Ann Nassau streets
in this city deponent furher adds that at the location
Of the bank large signs exhibited to wit New
York City Bank and that inside the building there were
decks, raSgs &C., &c. such found in legally
tabished banking Institutions and further, deponent
says that upon the representations aforesaid made
deponent by the said Foote and similar representations
made by others. he induced to deposit certain
amount of upwards of thousand dollars and that
such moneys deposited in the hands of the said
G. H. Cornell and that such depostes were made in
about the month Of December last in the bank
subsequently deponent withdrew all the said money from
the bank with the exception of thousand dollars
about Me 3st day of December last E. D. Foote ap-
Piled to deponent for his (deponent's) check on the
said pretended bank, and offered to deponent ten
shares Of what purported to be certificate of the
capital stock of said bank, which said shares the
said Foote represented having been actually
paid in as part of the capital Of said bank; depo-
nent relying said representations to be true did de-
liver to said T. d. Foote his deponents) check for
thousand dollars; and in exchange for the check de-
ponent received fSom Fooe and c. H. Cornell the
tifcate annexe& together with assignment of the
same signed by Cornell, purporting to be behalf of
said New York City Bank deponent has since made
several applications to said Foote, President of the
said bank for the payment of the thousand dollars
and informed by him that deponen had received the
amount in stock since which time deponent has
not been able to obtain any part Of his money Deponen
has lately called frequently at the bank aforesaid but
could find the said Fooe did there appear
be business transacted in the place. 1t is further
added by dep0nent that such bank the New York
City Bank exists he further alleges that in his belief
there 10 such institution existing in December last
and that the said f. d. Foote obtained from deponen his
check OF thousand dollars by representations as
above set forth Deponent therefore charges that f. d.
Focte obtained the money named By of false and
fraudulent representations with an intent to cheat de-
ponent out of the same.
COPY OF CERTIFICATE