The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-09-27
the COULD CASE.
could Arrested by the Government
Officers.
Taken to Jail in Default of Bail.

Taken to Jail in Default of Bail.
Saturday witnesses in the Gould case were
summoned before the Grand Jury of the
United States District Court, and from the
evidence there adduced it was deemed advis-
able to arrest Mr.. Gould and hold him to
await the result of the fna! action of the
jury. The arrest was complete surprise to
Mr.. Gould and his counsel for they supposed
that it had been arranged that the counsel
should be notified sufficient time in advance
to enable them to apprise Mr.. Gould and his
family, and also to arrange for the attend
ance of sureties, if, at the time of the arrest
it should be desired to give bail. AS it was
the lateness of the hour, the absence of one
of the counsel, and the condition of the
health of the commissioner prevented any
effort being made to obtain bail. Effort was
made by Mr.. Drummond to find, and confer
with his associate, he but was unable to do so,
and he therefore announced to the commits
sioner, that Mr.. Gould would waive examina-
ton, and have the amount of bail fixed for
his appearance before higher court at such
ment for the purpose of obtaining bail.
No effort to obtain reduction of
the amount was made as has been suggested
for as the matter was arranged, the commits
sioner remarked, it made no difference
whether the bail should be fixed at one
amount or another. The only object of CIV
ing bail would have been to prevent Mr..
| Gould's going to Jail until after pleading to
| the indictment.
| The arrest was made at six o'clock Satur-
day evening by Deputy United States Mar
| shall Smith. 1t was made ON a warrant is
sued by Charles E. Clifford, ESQ.,, Commits
sioner, on complaint of District Attorney
Bird. Mr.. Gould was brought before the
Commissioner and in default of bail in $780,
900, was remanded to Jail until the 2Sth inst.
when he will be brought before the District
Court on indictments that will probably be
returned by the Grand Jury.
At the close of the proceedings Mr. Gould
was taken in hack to the county Jail. On
| his arrival Mr.. Gould was received by the
deputy turnkey. The papers between Dep
uty Marshal Smith and Sheriff True
were exchanged, and the Marshal babe Mr..
| Gould good night"
Mr.. Gould then had brief talk with a
young man who had brought him the carpet
bag containing necessary articles.
| "Do you propose to take this in with you?"
asked the turnkey.
''If you please" replied Mr.. Gould.
At this the turnkey opened the valise and
began to take out the articles. For NOM
ment Mr.. Gould seemed about to break down
and turned away to hide his emotion. He
| quickly recovered himself, and addressed
| few pleasant words to the reporters. The
reporters assured him of their sympathy, and
| offered to print whatever he might want to
say, but he replied that the time had not
| come for him to speak. He then turned to
go, but was stopped by the turnkey, who re-
luctantly said: II must search yeu Mr..
Could" The prisoner was almost white
with emotion, but quietly said: "Oh, yes !;
/ did not think of that" and commenced to
take off his overcoat, but the officer saidithat
was not necessary, and enquired if he had a
knife and was handed little white handled
knife.
| Mr.. Gould was then escorted to the west
| wing, where he was assigned cell, and the
bolt fastened the door upon the prisoner.
|
terviewed in regard to the action of the
| grand jury.
The complaint on which Mr.. Gould was
held will not be made public, Commissioner
Clifford having enjoined its publication:
but it may in general terms be said that
the charge is only one of many, that the per-
son of the respondent might be secured there
being some fears that he might escape while
under guard in his own house. 1t is under
stood that the complaint was for the embez-
Element of $4,000.
Inasmuch as Boston paper has alleged
that the First National Bank would be found
in an insolyent condition after the investiga-
ton by the examiner, the following card
was prepared Saturday evening:
PORTLAND, ME-, Sept. %, 1885,
We, the undersigned, beg leave TO assure the
public that the First National Bank of this city is
Solvent, and abundently able to meet all of its liza
biiities and we believe its capital of one million of
dollars to be practically unimpaired
(Signed) III. N. JOSE,
President of Cumberland National Bank.
| EDWARD III. DAVIES,
| A Director of Casco National Bank.
| JACOB MCCLELLAN,
President of Merchants National Bank
VIM. G. DAVIS
A Director of Traders National Bank.
| EDWARD A. MOVES
Treasurer of Portland Savings Bank.
ALPHEUs G. ROGERS,
| Treasurer of Maine Savings Bank.
| HARRY BUTLER,0
| Secretary of Portland Trust Co.
JOHN E. DEWITT,
| President of Union Mutual Life Insurance Co. OF
| Maine.
1t is stated that the venture in which
Gould met his first great loss was the Tole-
do, Delfosse & Burlington railroad. This
was narrow gauge road in Ohio. 1t was
Ballous scheme Gould went to Ohio witt
Ballou on an excursion arranged for proba,
BILE investors A number of other New En-
gland bank men also went on the excursion.
Gould was pleased with the outlook and in
| vested heavily in the stocks and bonds. The
railroad proved failure, and the manage
ment proved rotten. Gould is reported to
| have lost $780, in this operation and to
| have placed block of the bonds in Port
land, selling them at par, and they are now
| worth only 49, The stock long ago ceased
| to have any value whatever. The road has
| been reorganzed two or three times, and
now is operated by another line. From this
blow Gould never recovered.
| Maine Savings Bank.
| The State bank examiner has completed
| his examination of the condition of the
| Maine Savings Bank, and his official state
! ment is published in another column. tap
| pears that the surplus of the bank above all
liabilities is now STAG, 460.10. The surplus at
the last examination, in January, was $685.
1924, so that there has been gain of $50,
600 in eight months. This is based on the
market value of the securities held The
nominal profits have been considerably re-
dueed by large investments in long bonds.
which were bought at premium. The rail