New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-21

THE DEFAULTER GIVES UP HIS NEUTRALITY-SUSPICIOUS.
TIES USED TO COVER. LOSSES IN STOCK sPECU-
LATIoSs.
rBr TELEGRAPH TO THE TRIBUNE.1
Boston, Sept. 20.-The announcement OF the
dedication of William f. 3oud. cashier Of the First
National Bank Of Portland Me-. and sonn law OF Gen.
era Neal Dow, has sansed painful sensation In that
city, where he long ned honored position In good
society," Ire facts in the not made pubic until
this morning, although he was quietly arrested ON
crinfua charge on saturday night
Tho investigation to-day into the condition Of the
bank has not revealed anything soften the asperity
OF public opinion toward Mr. Gould. 1t is understood
that ho himself places the amount Of his Indebted
meas to tho hank ct $4,000. while others
believe that 1t will exceed Sl5OOO0. The length OF
time during which this msdrection or funds has been
going on has not yet been made public. although It
known to extend over several years The direcora OF
the bank do yet know the character Of all his spec
ulations. but he has dealt largely IN stocks with the
money which he took from the bank Many people
in ihis State have purchased stocks OF him believing
that no was doing brokerage business, and are now
surprised to learn that he operating as specuat'
or There are rumors that one OF the directors
OF the bank has for long time known OF ana
participated In the specuations but II such Is tho case
1t Ia not believed that he had full knowledge Of tho mat
ter aud the source from which the money came. During
the past few there have been number OF changes
In the board OF directors Of the banks and 1t Is said that
Mr.. Gould to certain extent instrumental in max
ing these changes. Why he did is not
known, unless 1t to secure men who
would be less inclined closely investigate
the speculative business in which he engaged. He
was himself made director about two years ago. Many
people who have known OF his speculatiOns have be-
leved that he mad made considerable money, and this
impression largely prevailed when he built his house
upon 5iate-s three years ago. 1t is now understood
that he lost heavily In the recent failure OF George
William Ballou, OF Ncw-YOrk Mr. Gould has received
from the bank annual salary OF $4,000, and his ex-
penses have besn far OF that amount and only
his high standing In the community and the reputation
OF his father aud the other members OF hs family as
fnance-s have prevented general dstrust from taxi
Ing possession OF the public miud. Two years ago
he OF the principal promoters OF
the Portland Trust Company which he has since served
vice president. He Is believed to have used the
an annex to the First National Bank in Of
his transactions.
When asked regarding his Irregularities Mr. Gould is
false books OF the bank but that his
counts had long been overdrawn and that an examina-
on Of the books of the bank would have revealed the
fact Such being the 1t is difficult to understand
how Bank Examiner Wswell could have failed to dis
the matter last May, when he devoted several
days examination OF the condition
of the hank and at tho conclusion
OF hs abors the bank "cean bill OF health, as
the expression goes. On September l MI. Gould pub
shcd the wing statement OF the condition OF
tho banks business on August o.
Decnt