Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1880-10-01

Mates Defence.
A. explaining hi- guilty course, and ind
eating probably, his line Of defenca Waite
tsll- friend. who call Oh him tina. ia, bank
trouble began away back III the Old Wind
han County bank under the State system
when through very serious losses IN Chicago
/ tn, bank capital Of $50 600 became impair.
/ cd TO the ,1tsu; of marty or quite 500 900
or tvo-tliris OF it- Whole amount The fast
+ Of these losses. hs says, WI. well known 20
/ IL, director. at tim, time. and the only way
I thJs could -,, ont oi iheir d.fhruii,s wa to
doubt. Oh, stock Ct the bank and C. INTO IL,
national system. This vas don, bu. she new
. institution So eat into business with an actua
capital u. Only some $4,000 instead Of the
$ 100000 t was supposed tC have Div
lends had 10 bee paid. however. on thu Who'll.
capital Of 100000, and it mas been steady
ur-Lil vork with constantly diminishing
capital. and those dividends have eaten up
the bauE Waite confirms Receiver Price,
s.lt.m eui that there has been uo capital H.
the bank for al least h,o year, lie urges 70
/ all with whom be enters into extended col
versauou that he has never stolen dollar Of
the uauk b money. that he has never profted
u dollar boy his guilty transaction, and that
h. las never IN any way mIsapphld q dollar
o. the bank fund.- Whatever ne has don,
he la, dou. ls al officer OF the bank aud for
wuai be- considered the best good OF tLe
bank
This. il short, is the story which he tells II
paliiation q AIs course, which he refuses to
regard az d criminal one, He does not speak
Of has forgeuss as forgeries, bat says they
were Simply means which he WAS forced TO
adopt Ia making up show of asseis foT the
iuspe ciiou Of his dire ctors and the bank e2-
amiuers. H. says be does not expect TO es-
cape State prison. bat that he wishes 70 have
some time out Ci jail 30 Us 10 help straighteu
out The bank affair, get his family settled,
il possible. and show th, ~ and his old friends
that ha Is not AN uumiug4.ld villain H.
has even sali go som. tl-t u be could have
au opportunity le coa.d account for every
liar Of tie bank 81 money settle up ali It's
affairs. and collect enough Oh account Of hi-
OF San sui. to mako whole every body who has
suffered hy hin.
This story has certain degree o. plAusi-
b..ity Ut hrst glance, but it reveals "a degree
OF moral obtusen s. ON Waite's pant difhsult
for a mind IL q normal condition TO compre-
( h,uG II il 10, true that lie has never profit
O d dollar by Liz guilty transactions It les dif-
loult 10 ste how be came into possession Of
lle Gas works toi-bridge, and numerous
other pieces Of valuable real property Two
Of the directors il the old Wmdham county
State bauk-N. L. Wiliistou and DR.. o. l.
Post-stRte positively that they never had any
knowledge of such losses as Waite claims
tn at that institution suffered Waite's story
only makes more evident the fact. which has
all along bse apparent, that, without a dol
Jar OF legitimate capital 10 work upon, he mas
for years been reduced to the necessity Of Oh
tanning money by fraud and forgery to keep
himself ahoat, IN the one desperate hope o., il
the end, getting money enough out Of his or
gan suit to lift him out Of his difficulties.
That 100000.
Watt, a. We learn takes exception to our
state meut relative 10 the $500 600 which his
brother-u-law. Truman Buck, is said 10 have
PC ceiyod from the east within the past year
and q half, and deuies that there is any truth
in the story SO far a. it Las any relation to
him. We have now only to say that We gave
]
Shields the detective and Mr.. Shields re-
ptated the story, III substance, 10 VIM. Z.
Waite, il our presence. at the railroad station
last Saturday morning. This information,
Mr. Shields says, came from Mr. Llewellyu,
who assisted in Wait, arrest, and who is q
Deputy e. S. Marshal for Nebraska, Dakota
an Wy omilg Mr.. Shields believed il to be
reliable, Il is only justice 10 Waite. however,
to say that neither MIR. Price nor any one else
who is familiar with tine banks affair be-
lieyes that Waite has sent any such SUN Of
money west, or that lac has for years had any
thing like this sum under his control. Mr.
Price has taken measures to get at the exact
facts in the case. All appearance indicate
that if Waite had had any considerable sum
Of money at his disposal he would have used
it to tide himself over his troubles.
various Natter
Waite was naturally anxious not 10 be com
mitted to the Jail proper on his arrival at Fay
cttoyilie, but Sheriff AIelendy would not per
NIT that he should be accorded any special
quarters or attendance, and be was in proper
tune, put il confinement, and has since re-
oeiy,d precisely the same treatment as is &C
corded 10 all prisoners. He Is evidently taken
abacE at The carly date fXed for his trial, and
Gays it is a short time 10 give a man 10 arrange
for a defence.
Whether any attempt will be made to pro
cure his release on bail is not nov known
nor is ii known IN what sum the court would
lIobably fX bail should Il be asked for
Waites nephew c. g. Waite Of New York
| maid him q visit nm VuaedaV This visit NAV