Daily Kennebec journal., 1884-05-26
NEW YORK FAILURES.
Another Bank Closed Its Doors-War.
rants Issued for the Arrest Of John
C.. Emo and Jas. ID. Fish.

Ngw York, May "a.
At l.So P. III. the doors of the West Sids
Bank were closed. The president stated
that the American exchange had refused L
clear for them. The following notice was
posted:
With the deepest sorrow we have to an
nounce the suspension of this hank. A
statement will be prepared At once, and de-
positors will be paid in full, and we hope &c
resume again, and merit the continuance Of
your past favors.
1t has been learned that warrants were is
sued today by the U. S. marshal for the ar
Second National Bank, and Jas. ID. Fish, late
president of the Marine National Bank.
In the afternoon two deputies visited the
house of Emo and insisted on searching the
premises. The alarmed inmates refused to
allow the search, and the police officer on the
beat was called in He explained that the
marshal had right to examine the house to
see if Emo was in it. They did 80, from tor
to bottom, but without finding any trace OF
Emo. Where he 10 now it Is difficult to say.
The detectives keep up their watch, how
ever, on Eno's house.
The arrest of Jas. d. Fish, late president
of the Marine Bank, was reported shortly
after midnight, on q warrant issued by U. s.
Commissioner Shields. Fish was arrested al
Mystic Flats, Broadway and seth streets,
where it is said that he has been concealed.
He was not taken before magistrate. and ID
still in the custody of the Deputy Marshal
who made the arrest. The warrant was 10.
sued on the affidavit made yesterday before
Commissioner Shields by Augustus Serbia,
national bank examiner. He deposed that
after careful examination of the
1Se eha kou ha nj hat fl,a s1on
had misappropriated 81 ,l4I, 900 belonging to
the bank. This was done between March
and May 7,by a series of credits to the firm
of Grant & Ward of invoices in sums OF
from s25, ,OG0 to Sl50, 200. and they were en-
tered on books of banks as loans to imag-
mary persons and secured by collaterals in
stocks and bonds. none of which loans have
ever been made, and the transactions were
ficticious The affidavits in conclution sets
forth the following:
Upon diverse DAYS between March LIST,
1884, and April 18th. 1884. in pursuance OF
direction and authority of James ID. Fish as
president, all the sums so credited to the
firm of Grant & Ward amounting to 1915, ZOO
were drawn out by said firm and paid to them
on their written order. Between April 18th
and May 9th, inclusive. James ID. Fish, as
president, caused to be paid out of the money
belonging to the National Banking Associa-
tionfto or upon the order of Grant & Ward
and for the benefit OF himself and said Ferdi-
nand Ward, further sums in excess of all
credits to said firm amounting to S766, 402.
at the time of the over drafts, he (James d..
Fish, well knowing the firm Of Grant G.
Ward were then unable to repay the sumo so
overdrawn and the firm being then indebted
to the bank to the amount exceeding 81 1884, :
900. The total indebtedness of this augu-
mented being six times the capital stock Of
the banking association" Fish will be
brought before Commissioner Shields tomor-
row.