New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-31
CH4RGED WIN EABEzzLENEyE


A FORMER BANK PRESIDENT ARRESTED.
MS BANK IL COLORADO HAVING FAILED. HE OPENS
4 BRuKFR's OFFICE II acknowledgements IN
VAIN FOR MAN NOT coNcEALED-rHE AL
rFGED cRlmNALs STORY.
William Il. Cusbman, formerly the president OF
the FIRST National Bank of Georgetown, Clear
Creek County. Colorado. was arragned before
United States Commissioner Shields yesterday
morning on the charge of having at various times
misapproprated and embezzlcd the funds of the
bank to the amount of $l04554 50. An indict-
ment was fou d against him on July 10,
1873 in the United states District Court of Col
orado before judge Moses Hallei. In this lndct-
ment il was specified that Mr.. eastman had en-
bezzled funds Of the bank at various times as fol-
lows: June .. 1877. 5000; August 4. 1877.
ST. 500; November II. 1876, $4,000 July III,
1877. $1,000 December 20. 1875 $l260; July
7. 1877, $1,000; December g. 1876. 1928; De-
cerber 20. 1876, 10000; August D. 1876,
go 0OO October 1. 1876. P1j 600 November II,
1915. $1,000: Novemher7 1876. Sl2 600; July
1G. 1877. g. 900; April 10 1877. S719 so; Sep
tember l. 1875. $1,000; February IA 1877
81, 600 February -. 1877. S3, 600; and July 3,
1877. $500 The accused mln was not arrested in
Col0ra TO- because he had left the State before
warrant was issued in his case. He has been in
New FORK for a year MORE
Intelligence 70 the effect that Cushman was in
New York was received in Colorado early in the
spring of this year, and in April, p. P. Wilcox Of
Denver United States Marshal for Colorado, came
to New-Y0rk with copy Of the indictment against
Cushman On April 49, Commissioner Shields issued
a warrant for his arrest. This warrant was not
served as Mr. Wilcox states, because Cushman
could not be found. After his return TO Colorado
the marshal agnin received information that Cush-
man was in New-York. and that he bad opened a
brokers' Office at No. Il Broad-st. Accordingly he
started again for this city, arriving here this week
Yesterday morning as Mr.. Wilcox stated, he went
to Cushmans Office and when the former bank
president came IN informed him that he was pris-
oner. 1t was stated by Cushman that be surren-
dered himself voun arily TO the marshal
Before the Commissioner Mr. Cushman was cool
and sef-possessed he chatted and JOSed with great
apparent uncouceD, and evinced no reluctance 20
90 back to Colorado, where, he SAID, he could salts
lactOrily meet the charge OF emOpZIiement tie
was comm ed TO the Ludlow street jan ID charge
of Marshal wilcox 10 await warrant OF removal
winch can only be granted by Judge ChOate, OF ihe
United States District Court, no Is now at Walllng-
ford, Conn. 49, ,
Cushman's story as told by himself Ia the United
States Marsha, Office Yesterday, Is as Follows; Id
1871 he and bis brother founded the bank the
funds OF which he rs now charged WIN
embezzling. The capital stock amounted
TO $4,000, of which the Cushmahs
owned ~ 900. For several years Jh' Oauh Hiil Il
pr0sppruus career and made money, bus IN 1871 1t
met with series OF reyerses Chat threw 10 INTO me
hands OF receiver The general depressi on through
Out the coun rs ati.ctpd the business Of the bank
and great deal of money was lost by iuJuuicIous
loans. some OF which were TO mining enterprises
that Jailed. When the ruu began on r1e bank the
GoDo-ffs amounted to- 100000. of which all but
$50 OOO was paid before the bank clio ed ITS doors
Ii was claimed by tle Cushmaus tuat had they
been able 10 collect only uue-hait ol the money que
the bank. they would have paid OF al claims and
had fortune letr.
Sir. Cusbman admitted that the bank had been
careessly managed, out denied that there had ever
been any criminal lutea bv himself tO Obtain pos
session of ATS iunds. He said chat ne was no gam
bier or sueudthrltt and that be could account Tor
every cent oil the money be handled, aud that he
could sati~factOrl " disprOye the charges against
him. lie said thai ter the failure OF the bank De
remained IN COl0ra JOB Tor year. and THAT when ne
came 20 New-YOrk he opened mining brokers Of
fee under his own name. with no attempt az con-
cealment HIS father died two years ago. W hen
to-day morning, be said, lie recognized him,
and knew what lie there Tor; lie
expressed Wi gncss TO 20 BACK 90 colorado ana
meet the charges against him. lie SAID that when
Marshal " icoX was here IN April lac saw him sew
era times aud passed hlm on Broadway once
De- sand. be saW the marshal at rho Windsor Hotel
The marshal gave u.s. 81 reason for not recognizing
Mr. Cusuman, the tact tBdt he Row wears nous
tacle. whereas che picture wen him Tor purposes
OF Identification was TIA of cleau-shaVcn man.
But opposed To- this explanation Is the Statement
that the men were acquMnta-ccs DOlu having
served In the recent Constitutional Convention OF
Colorado. the marshal - chairman OF tue Commit
tee on Federal Re aCOu-, and ma prisoner as chair
man Of the Committee on Finance.