New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-29
WILLIAM j. BEST 1RRAIGNED.
PLEADING NOT GUILTY OF EMD EzZLEMENr AND
HELD IN $3.50 BAIL

PLEADING NOT GUILTY OF EMD EzZLEMENr AND
HELD IN $4,000 BAIL
BosroN, Oct. % (Specidh,-In tue Superior
Criminal Court this afternoon, before Judge Ptnan,
william ]. Best was arragned on the charge OF embez
cling some while acting as trustee OF the estate
Of Francis W. Carruth He pleaded not guilty, and was
held in S25 600 bail Richard Stone appeared for the
da,endont and said that he first made his acquaintance
nj the time of the failure OF the Pacific National Bank
on the failure OF the bank railroad in North Carolina
I'm which the defendant WAS largely Interested had de-
pot OF some 25O000 in the institution, which G. bar
rssed the road and caused Mr. Best 10 suffer financial
losses Counsel said that his client lived in New-fork
had not been benefited by the alleged misappropration
and could not obtain the amount Of ball required Judge
Piman replied that application for reduction eouid
he made before him at any time. Mr. stone SAID that
be would make such application. The Indictment
which contains nine counts also includes, as co-trustee
Miles Wasnburn.
After the first failure OF tho Pacific Bank. under tho
presidency ofM Benyon, desperate effort was made
by the directors to renstate the Oank III the Dus!uess
and In the confidence Of the community william J'
pest WAS placed N charge OF its affairs BY using such
means as securing from the principal depositors an
AGREEMENT not to Withdraw more than certain portion
of their funds withiA given time the doors OF the bank
were reopened II WAS hnted in some quarters at that
time and since that the reopening was solely for tho
purpose OF meeting technical requirements OF 'he la"'
and by a temporary resumption OF payment 10 reneNo
tho hank directors from certain individual aOles on
which they might possibly be held. The resumption
was of short duration, and in few months secoho
failure more disastrous even than the hrst was au-
nounced. = 49,. =,
Tho bank was then placed in the hands oi Linus M.
price a receiver in whose charge ii now ls Mr Dese
- ir a Ionr time president OF the Midland ana NoIt.
"aroiin, Railroad and tho Midland construction ai.u
',r,cuocnt Company corporations fotlhcu hiulost ou
trclv with Boston capital FOR the pnrposo % as
a., r,ilroad I'm North Carolina lhc eh'St "a'
under the mana cement OF Mr. hes' ni ~
% ster has been attributed IN many quarters 70
% niA Mr. Bests apprehension thouSh
d,Iayed will not occasion surprise ~ mas peen
IN many quarters that his absence from Boston
a uot nm welcome. and that his arrest might OrIhR
nt iolosures which would be embarrassing TO GER
% Th f"iowing is a list of the securities which, 1t Is al
,orei were stolen by Best One certificate, % snares
teeo Of Worcester and Nashua Railroad, Si,0Oo 10
sSares I0well Gas Light Company, $1,000; 20 shares
Jamaica P ms Gas Light Company, S2,Ooo ono oona
~ ths city of Springfield, Ill., for money issued ior ts
oavment 81 900 one bond OF the Kalamazoo Ane,
g6sny and Grand Rapids Railroad $1,000; one n. oono
of the Vermont CcuIral Railroad SlOoi AZ snNc9
~ the tho Norwich and Worcester kalitoa11
a. 600: one bond OF the Cincinnati, sandusky anu
he BurI,ngtcn and Missouri Railroad. in Ne,
braska 81 400; two bonds Of tie lihnois uranS ~
Trunk Railroad, $4,000; thirty-slx snaLes s,sS "a
the Chicago, Burlington ana quincy htliV.ui
"a; 600; twenty-eight shares or the Nashla ,h1
Rochester Railroad 81, 700 five bonds Oi the harlns ~
deed I'm writing containing Conveyance OF anu 49,
ore bond OF the Chicago, Milwaukee, aud 81 Lois NON,
road pubuoue Division, 81 000 one b0nt OF sCJPo ~.
the cmeinnati sandusy aud Cleveland Rairo al go
Divers promissory notes. S33 900 divers COINS III one
| States currency as money, slo 10.