New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-25
IN DANGER OF $500, 900 FINE.
EFFORTS TO Np1Cr CHICAGO CASHIER
DEPOSITION OF THE TRADERS BANK CHARGING
THAT MONEY WAS Received AFTER

| DEP0srToh OF THE TRADERS BANK CHARGING
THAT MONEY WAS RECEIVED AFTER
THE INSOLVENCY WAS KNOWN.
Chicago, Nov. "a speciaD-An effort was made to-
day to indct Thomas p. Tallman the cashier OF the
defuDct Traders Bank the charge Of embezzlement
Tho amount involved is IN the nesghborhooo OF
$500 900, and includes all deposits taken In By tho
bank within thirty days Of the appointment OF
receiver. The matter kept secret and would not
have leaked out had nor the Grand Jury called for
the records in the Supreme Court relating to the ap
pointment of q receiver for the bank Tho complain
ant against the cashier James NJ Cleaver. lawyer,
who lives at No. 1916 Lake-ave and has an Office
in tho Opera House Building Mr.. Cleaver had about
SO, 900 and decided TO build home with the money,
which no placed in the bank week before the crash
When his contracts were all made. but before
he had drawn cent to pay for the work. the applca
ton for filed and the crash came, sweep
Ing Mr.. Cleaver's money with IT, II was learned
that on the Saturday before the Monday OF the failure
Cashier Taman had asked his lawyer to make arrange
mcnts for the appointment Of receiver. The al
torney engaged in other matters.
wait until Monday" he said. and Tallnan waited
Monday came and In the forenoon 800 900 was taken
in from depositors Right up to the moment the ap-
pncaton filed in the Superior Court, 1t alleged
the window at the receiving teer's desk kept
open though at the time the innocent deposltors were
bringing in their money It known to Tallman that
a writ coming In few minutes. With this in
formation Mr.. Cleaver went 10 States Attorney Longe
necker and week ago it decided to present the
matter the Grand Jury under section 25, chapter
80 of the Revised Statutes. This section Is ex-
tremely strict one and relates to the LIABILITY of
bankers brokers and the officers Of banking insttu
tions 1t provided that any banker broker, or officer
Of bank, National private, who shall take or re-
ceve money from deposition with the knowledge that
the bank Is at the time insolvent shall be guilty Of
embezzement and shall be punished by fine OF
double the amount so received and imprisoned for
from ono three years in the penitentiary. The
statute provides that the receipt Of money by bank
within thirty days prior 70 assignment or other
suspension of business shall be deemed prima facie
evidence OF a knowledge the part Of the officers
that the bank was In insolvent condition when the
money was received. Under this law, Talman II
found guilty will be liable to a fine Of considerably
over $500 900 besides term at joliet. Judge Longe
necker was surprised that tho matter carefully
guarded had leaked and he refused 10 talk on the
subject He, however admitted that the Tallnan case
thon before the Grand jury and expressed regret
that It had become known before the indictment was
returned. ,r-,, 4.
this before we can take him IN. do not want him
leave town just at present, but II the newspapers
give him the tip he goes 10 Canada, II Will only
save the county so much expense. suppose If he
gets there he will be virtually imprisoned anyway. l
don't how he escape indictment and conviction,
as the statute is broad on the subject