Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-02-06
a BANK wRsoKsR HBLD.


fl0nal Back ana the LenoX hill DhHkh
arc Bt!il CLOSED and at 10 o'clock notice
was posted on the door of the Equitable
which stated that that bank was closed
temporarily. An official statement OF tho
condition of tho three banks is expected
this morning.
NEW YoRk. Jan, 31.--George M. PelI,
the broker who wRs arrested last night
for the part he took in disposing Of the
gilt edge securities of the Sixth National
Bank was taken before United States
Commissioner Shi Ids to-day and held
in $25, 900 for examination on Thursday
next.
Peter J. Classen, president of the bank,
for whose arrest warrant was issued at |
the Same time SIS was that for Pell is still |
at large. he has undoubtedly skipped |
for corps of United states deputy mar
shals who have b en- in search OF him |
since early last evening HAYS been unable |
to looate him. They spent many hours |
ahadowiag his home in Brooklyn and Ills |
office here, but without avail.
Pell who spent the night in Ludlow
street jail WAS taken from there to the
Federal building to-day, shortly before 10
O'Clock and at once sent for his counsel.
A representative of the firm agreed 20 At
tend to the preliminary matters.
Commissioner Shieidg on the formal
arraignment Of the prisoner before him
stated to him thu his arrest was on
charge CT aiding and abetting hGnk
director in having unlswtally embezzled
and abstracted certain seour ties.
at is a or II charge" added the
commissioner, yol are entitled to
an examination and bsil. 1t is also dis
oretionary with you TO make abatement
or to refuse TO do SO. Anything you miy
aay will be used against you so perhaps
you had bstter say what you have to say
10 your counsel for the present"
Pell nodded in acqniescence and then
told tho commissioner that he wished to
have an examination. lie said that he
would be prepared for q hearing next
| Thursday, and the examination was set
for that day at II O. IN.
| Assistant United States District Attor-
ney Roge then addressed the commits
sioner on the subject OF bail. he said
| that while Pell was arrested not ss prin-
eipal for aiding and aoetting, his crime
| was quite es grave. like punishment
| ives provided for him es for the princi-
| pal-from to 10 years imprisonment.
''The facts show that this man assisted
bank oficisl in transferring to his own
use over $3.50, 900 worth of securities be-
longing to bank"
Eight days sgo," said he, 'thiE bank
stood in the highest ranks. 1t had the
confidence of the stockholders and the
perfect faith OF its depositors. 10 few
days $500,000 worth Of its securities were
gone, and only by the most strenuous
and prompt measures taken by the bank
examiner was any of it saved. Two hun
dred odd thousand dollars have been re-
turned by these prompt measures. By
the msnipulatiops of the prisoner two
other banka are to-day embarrassed"
Commissioner Shields decided to re-
Guire bail in the sum OF $25 600 and up
to noon Psll had not furnished the bond
required.
New YoRK, Feb. 1.-The president Of
the Sixth National Bank, Mr.. Peter j.
Oicssen, who surrendered himself last
night, was held in $50, 900 bail this fore
noon by United States Commissioner
Shields. Claasen's counsel and friends
ara now trying to obtain bondsmen.
Meanwhile Mr. Clsasen will rsmsin in
the custody Of the United States officers.
Bank Examiner Hepburn Iuskes ar
affidavit under date of last night, in
which be says that on or about the 23d
/ day of January, 1890, Peter j. Olaasen,
president and director of the Sixth Ma
tional Bank did for the use, benefit and
advantage OF himself unlewtully en-
bczSls, abstract and wilfully misapply
large sums Of money and securities.
The situation about the Sixth National,
Equitable and Lsnox Hill banks this
morning was practically unchanged ex.
cspt shat the depositors appeared to be oui
in larger numbers. There were many bust
ness men among them who still INDUCED
in the hope that some tuEn might TAKE
place which will permit of their receiving
! mo ey enough to pay OF their employees
The ordinary depositors had their ground
determined that if the business men go
any money 80 would they aud rs ont
Young lady put It, .'They would see thu
there was no making fish of one and fest
, , of another"
Superintendent of the state bank do
psrtment wien seen ct the Lenox Hill
, Bank this morning, said he bad charge o.
the investigation being made into the
fairs of the Lenox Hill and Equitsbl.
banks. His statement was not ready ant
il would not be probably before tbs after
noon. He declined to express en- opinion
as to the probable arrest of Cashiers Van
zGndt of the Lenox Hill Bank and Co1rtel
of the Equitable.
! In reply 10 o number OF questions as
! to whether or not Mr.. Preston had dis.
covered any additional Irregularities
since yesterday Mr.. Preston declined to
: say.
The following notice was posted on the
window Of the Sixth National Bank at
11.i5 O'Clock
MIR. Leland has advised funds sufficien
to guarantee payment OF depositors In full
. at as early date as per arrangements car
be made for that purpose.
, [SIgued1 A. h. HEPBURN,
Examiner.
Late in the day Mr.. Gsorse H. Pei
was brought down to the United 5tatei
building from Ludlow street Jail. Conn,
,, sci for Pell, ex.Judge Donohue says tina
he will make motion for reduction o.
bail before Commissioner Shields thil
, afternoon.
COMPTROLLER LAcRY's STATEMENT.
( wAsHINGToN, Feb. 1.-hIr. Lacey
3 Comptroller of the Currency, said thiI
morning that the neWsp pers contained {
great deal more intormstion than he pos
sessed in regard to the affairs of The
SIKH National Bank Of New York city
{ Ee had been, he said, in constsa. com
I munication with Bank Examiner Hep
burn until the time he took charge OF The
affairs of the bank, but since then he had
! heard very little from him. de added thai
Mr.. Hepburn was not likely TO make Q
, report on the subject until he had com
J pleted his examination. The bank Wat
| now in the hands OF the government
| Ia, ~ u-kA, d,