Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1883-09-28
Chr Trrr prfss.
LAWRENCE BRAlNERD
And Five of His Brother Directors
Indicted by the Grand Jury.
Mr.. Brainerd Held to Bail in $780,
900, Which He Furnishes.
The oihcr indicted Directors Held IN
smaller Amounts.


The grand jury of franklin county, In
session al st. Adams, returned, Friday
morning.. twcaty four indictments against
Lawrence Braintri, charging him with di.
vcrting AID tnsaiplying the funds OF the st.
Adams Trust Company in the aggregate to
the amount of $3.50, 900 one (jonD indict.
mpnt against Lawrence Brainerd, Charles
Wyman and Edward A. Smith, members of
the finance committee, and directors one
indictment against Adds Brainerd, one
against Charles Wyman, one against Herbert
Brainerd and one against Porter Braiuerd.
Henry W. la ch and $. G.. IIoyoke, who
were directors, were not indicted Their
cases were brought up before the grand
jury, but as no provision seems 10
exist for the punishment of a
non-fCasan,r, they are free from arrest The
nothing t. do with savings institutions in the
future, II 'miuaily lending their name for a
show and living in willul Ignorance of any
of the business OF the institution whose af-
fairs they profess to 'dirtct.'
llcber Burgess the treasurer, also passes
unscIthcd by the grand jury.
The cases against Lawrence Braincrd are
for moncy that has been taken upon Nor
wood Lumber Co.'S notes, signed by him
sci. or ii. IL. Bailey, attorney, or by +. p.
Cotton. Four If the indictments are for
motley loaned 10 the several directors against
whom bills were found, in sums varying from
$500 10 $500 a, time.
At about O'clock in the afternoon A. o.
BlaincrI came into court, followed by f. G..
Greene Of St. Adams. Mr.. Braincrd's fea-
lures were wrelthci in smile that seemed
rather an tiIurt than genuine one. The
two gentlemen walked to the clerks desk in
company with Mr. Hall, States attorney,
aul fixed the bail for a. q. Braingrl, while
the court aud jury were occupied in the trial
of civil cause. At 8: Is the jury were ex-
cused ia the civil case, the defendants there
in having NJ witness ready Tor use. The
two assistant judges remained on the bench
and about $50 Mr.. Lawrence Brauerd
walked in accompanied hy Mr.. Dennis Gill
more of s.. Adams, and the same perform
ancc was gone through rs had happened in
regard to Aluis .. BrGinerd.
In the evening the bail was arranged
against the several respondents and the true
state OF affairs became matter Of public
record. Lawrence Brainerd furnished bail
in 10000, Dennis Gilmore and A. o.
Brainerd becoming his boadsmon Adds o.
Braiuerd in $1,000, aud Charles Wyman In
S2O0O. Albert SJwes became bundsmar
for Mr.. Wymun.
States Attorney a. A. Hall has so far per.
formed his full measure OF duty, and il is
understood he will set the case. for trial this
term and have a day assigned for their hear
ing Apart from haif days assistance rem.
dered by the special attorney, lion. +. II
Hard, Mr.. Hall has carried the matter
through entirely himself, and upon him dc
volved the presentation Of the cases befor,
the grand jury and the examination of thu
witnesses, upon whose testimony bills have
been found against delinqucnts. Ffanklii
county is 10 bc congratulated upon having
States Attorney 50 kcculy mindful Of hi
official duty and 50 jealous in its perform
ance.
Tue grand jury passed The following
vote and II was ordered spread upoa tn
records
Resolved, That the thanks of this gran,
jury be and are hereby presented to State
Attorney \. \. Hall for the faithful, abb
and courteous manner IN which he has dis
charged his official duty in conducting in
vestis cations before us.
The Indicted trust Company Director
ST AIEANs, Sept. % II is not improbabl
hat the counsel for some Of the accused wi
file demuircrs OF the indictments on the groun
that certain provisions Of the charter of til
Trust Company were abrogatcd and annulle
by subsequent lcgisl ltipn and general law
passed relating to savings bank and tru
companies. The indictments were based {
sections of the Trust Company's charter pr
vdlng TIA no ! ~ should he made dircctl
or indirectly to any director or officers or en-
ploye OF SAID cDrlurlti m AMI that the pres
dent, director orany other Cilicer OF said ca
porpoiauou @hp should mlsapply or dive
money, funds or o.her property or shou
participate in sad misapplcation or diver
sion shall, On conviction be punished by il
prisonment not to exceed five Yeas and
fined not over $1,000 or either Of said punis
mcnts.
Other Trust Company Affairs.
From ,hc st. Adams Messengcrl
The indictments against Mr.. A. o. Brai
erd are for the borrowing of 500 from
Trust Company while he was one of its
rectors.
The indictment against Herbert Brainc
was based on the fact that in March, 1881,
borrowed S20J Ct the Trust Company.
was then director but resigned the of
hortly afterwards
AS to the case of the principal offend
President Brancrd, 50 far as We are able
learn, there is not even the shadow Of IN
tenuatipp Circumstance in his favor: a