The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-02
FAIRBANKS AND WILLIAMS.
MEN VINO SECURED s3s, 900 OF THE
STATE BANKS MONEY.
The Story OF the PIunderine as Told In the
Court Room Yesterday - The Elizabeth
Merchant in whOm Everybody Trusted,

The Story Of the PiunderinR as Told In the
Court Room Yesterday - The Elizabeth
Merchant in whom Everybody Trusted.
jeremiah II. Fairbanks, and f. Z. Will
lams, the principal actors In the Elizabeth State
National Bank dedication, appeared before
United States Commissioner Whitehead In New
ark yesterday. Fairbanks was arrested upon a
warrant granted by Commissioner Whitehead
on a charge Of being co-cons orator with Will
Hams In abstractinR or embezzling 1900 Of the
banks money The fallen cashier looked dag
gers at his fellow prisoner when their eyes met,
but no sign OF recognition pa sed between them
and he set listlessly. the picture Of despair. His
tail was fixed at 5000, Messrs. Charles II. Water
bury and Louis Bacon OF Elizabeth becoming
his bondsmen.
The case Of Williams called at II o'clock
by United States District-Attorney Keaspy, and
Mr.. James X. English, solicitor for the State Ma
tionn Bank, was sworn. His evidence proved
To he the ciearest and most comprehensive yet
given, aud In many points was OF the most dam
aging nature against the accused man. lie
said
am a counsellor staw and live in Elizabeth. was
a. the inerng Of the direcor Of the state National
bank on inurslay, and saw Mr.. n ams there. tn.
Ne deiacaon aud to discuss matters IN relation toN
rum bcSTas w.. s','s ras ani
h u, wa. sent fof to explain mad seen Williams the
inc bans ana entered into eoaver ao! Win him IA
ami he sai0 I'm afraid ne has done something rash
a. he came TO me greatly troubled anl SAID At had
5000 toll hun not 10 do anythlnl rash as would
lice KerOn. after this conser-sti1n with Williams.
r,nl 10 taroanks'' room, and the Chief brOkr open
a9s. 9S e"s S cy ian, 70 he
tou aud al.o inform, him Fairbanks lad return.
informed hlm That unless ne Williams made an assign.
mcnt OF his property ~ the bank he would al once pe
cres. examined BY Mr. Guild have been the sttor.
eoanse aud inumale friend q the accused man Tor
asy nd r. s mt ON rSs
morning AZ o'clock at the bank, whefe he uned ali
eaeaces Ocsan lie IA e wa. Ss sns es
he aked 10 be casned sayns that Il refu.ed he WI.
lAmsl Was ruined man. aus that he would maze them
70 Aeep Is promise Afer that he SAID thai he casned
soea ehe s Ipgn ms pS'S to make a.
i. ana they icpca'edy had conversations bout the
ne sad that ne thought ihe ony .ai.ty for MN wast
Sns he was guilty Of crime ~ aelas as he had
h srr, 80 asesve1 gag .slSaGed 10 my fe az
other natter. as he t1la me ne Owed TIE bank 1000
w and that ne would soon clear hm'el-. lwouid have
his integrity.
=. L. T. Williams was then placed on the stand.
He testified that he mad been IN the dry-goods
business III Elizabeth nearly twenty years. and
was man Of family. and that his business had
exceeded SluoOp for the past nvo years lie
said MS account With tho state National Bank
ranged from $3JOOOO to StDO.VvO q year during the
past three years. At the time the bank failed
three years ago his account WAS Overdrgwn
- ~. lie did not know the amount that lie
bad overdrawn from the bank Ia this case, as he
had no opportunity To ascertain. Fairbanks hal
entered his store after o'clock when he had
overdrawu nus cuecks ana told MIN That no was
short. lie said he would 90 to New YORK and
get money to meet them. Inc Last time ho aud
Fairbanks talked he was 5000 or t7,VJD short
that Vas Dix months alo. lie continued to draw
a ma ham am H. ah "a M tn nay nj
debts In New York. Had drawn seventy-two
checks ON tue bank since Fairbanks aud he had
talked, aud Wednesday LIST was the lrst time
he heard Of the bank trOlOle Ihen Fairbanks
SAID thai the Government Examiner was nc the
h.hk. ana he would drown himself unless he
told hini not 10 do 30. aud i'd that he would 20
10 New York ana raise $1,000 and return by
noon and TX II up. lie gave Fairbanks SlDO
while In the store, and urged him not to commit
suicide. On the following morning Fairbanks
r turned the 500, and SAID he did not want II.
never let the directors know that | mad over
drawn my accounts the boOkAeepsr knew of
instances. l negotiated some paper In New
fotA to make ~ tue deficiency. and lost ali.
me Distri Attorney said that clear case
has been MADE out az inst Williams, aud he de
mAnded that the ball ue increased. The motion
WAS o posed by the prisoners counsel.
COMMISSIONS W HI ehsad raiI he ana not wish
to ask ex lrbitant oail, and would lie We tho
prisoner restn. under his present bon. $3.50
untl thursday morning, when he would au-
bounce tle sum aul blud htn over for his ap-
pearauce before the United states COurl.
HE law under which tue prisoners were ar
rested has been In force only snurt time. II
found gdilty, ten leIrs' imprisonment Is tue
higuest, aud Ave Years the lowest penalty.