New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-21
NK-WRECKERS ARRESTED.
PELL, SIMMONS AND wALLACK IN COURT
WALLACK CHARGED WITH GRAND LARCENY ~
STEALING FROM THE LENoX HILL BANK
THE OTHERS ACCUSED AS
ACCOMPLICES.


actions led to the suspension of three banks had
to face new criminal charge yesterday. The
Grand Jury Of the Court of General Sessions
which had been listening for several days to test
mOny in regard 10 the bank cases, found an in'
dictment charging Charles +. Walack, James A.
Simmons and George H. Pell with grand larceny
in the first degree. AS soon the Grand Jury
had acted bench warrants were placed in the
hands of Detectives Reilly, Frink and Murphy, and
they started out TO arrest the accused men, In.
spector Byrnes had followed their movements and
the detectives had little difficulty in finding them
Detective Reilly arrested Walack at Chambers
St. and Broadway, not long after he had visited
the witness-ro of the Grand jury Pell was
arrested by Detective Murphy at the office OF his
counsel, eX-Judge Donohuc, in the Schermer.
horn Building and Detective Frinll found Sim.
mons at No. As Broadway. The three men were
taken to the Office of Assistant Distrct-Attorney
Lindsay and remained there until the indictment
which had been found presented to Judge
MARITIME by the Grand Jury
The three prisoners were arraigned before Judge
MARITIME after the jurors had been discharged
for the midday recess.
The arrests had been kept secret and few
persons were in the courtroom when the de-
tectives and their prisoners entered. The ac-
cused men stood at the bar while the clerk in-
formed them that an Indictment charging them
with grand larceny in the first degree had been
found against them. Pell's face flushed, al
though he had had considerable experience with
criminal courts within the last few weeks
Wallack also seemed to feel his position, but
Simmons apparently calm All Of the de-
PENDANTS had the air of prosperous brokers. They
we're well dressed and apparently accustomed to
good living Pell is of medium height and
stout, and has a silky brown mustache. Wallack
is taller than Pell and also has brown mustachc.
He is younger in appearance than his companions.
Ex-Judge DonOhue, who is Pclls regular counsel
and who represented Simmons also for this time,
was the only lawyer for the defence present when
the accused men were arraigncd. {. cambridge
Smith, Wallacll's lawyer, entered a minute later,
and ex-Judge Horace Russell entered the court
room short time afterward. Assistant Dis
trict-Attorney Bedford, who is in charge of the
District-Attorney's Office while Colonel Fellows is
absent from the city, and Assistant
District-Attorney Davis represented the
prosecution. As the names Of the
three defendants were called to answer TO the
indictment, each of them said that lie was not
guilty. Ex-Judge DoAohue asked that bail be
fixed, and Judge MARITIME, after consulting Mr..
Bedford and Mr. Davis, fixed tie bail at 100000
for each OF the defendants. Tic detectives thcl
took their prisoners To the DlstrIct-Attorney
Office, where they awaited bondsmen.
Tie indictment against Walack, Pell and SIM
mons is in three counts. One charges them simply
with stealing $5l, 900 in bonds belonging to tho
LenOX llill Bank ana tie last count charges Pcu
and Simmons alone with aiding IN the cnIbczz!e-
meut of the bonds The second count, which Is
Tor embezZcmcnt, charges grand larceny III the
inst degree, III that Charles l.. WaIlack, being the
PRESIDENT OF the LcnOA iii Bank, ana as ptesI-
dent having in his possession tie bonds descrlted
belonging 10 tie bank appropriately item TO his
own Use and The. use OF GEORGE H. Pell, James \.
Simmons and others, and sto.c thcul. feu ana
Mallack are char ed with assisting nm IN ildt
act The bonds are described as t"O hrSt mort
gage bonds OF the 81. LOUIS, Atcnison ana topeka
railroad Company, live frs; MO.t-asc Bones OF tne
Mon Pacific, Lincoln and (oI0ialo Kalu01d Com
paLy, seven nrst mOrt-a-e bonds al TIE NoftherE
Pacific and Montana Railroad Company, .ee Lrsl
mortgage bonds OF the Louisville, NeW-AIodhS ana
Chicago Railroad Company, tllee ArSt mortgage
bonds of the Helena and Red Mountain Kalroad
Company, turce trust bonds oI the hlchhloHd anu
West Point Terminal Railroad Company, two nrst
mortgage bonds of the Mobile and Blrmlnsha nam
Railroad Company one bond of the Duluth. South
Shore and Atlantic Railroad Company, and five
bonds Of the Rio Grandc and Western Railroad
Company each Of tie value of $1,000.
Deputy Assistant District Attorney Lindsay,
who with Mr. Davis has had charge of the IN
Nestigaton into the bank frauds. said that the
transaction which led 20 the charge OF larceny
was testified to by Edward j. tonnell VINO was
Cashier Van Iandt. his successor. MI Connell
SAYS that on December 10, the day on which The
new managers took cl rgc of the lenoN lllll BANK,
President Wallack called for the $3l 900 in bonds,
which Nh COnncll handed 10 him. The cashier
asked for something 10 show for the bonds, nuo
Mr.. Wallack simply wrote al the END OF me
list, Received above securities, Ch2IleN T. WI
lnck." and took them into hls possession. Mt.
Conncll SAYS that he asked for something more,
hut Wallack delayed, and within Day or Two
Pcll and SIMMONS gave The cashier SiJ'VVV 10
AZ. and ~ ID q
st Louis New-Orlcaus and Ocean Canal company
This stock placed In the bank Nauns. Ir.
Conucll resigned ON December -, ana MI ' al
Zandt succeeded him. ,
The new cashier and Mr. Connell discussed the
subject of The S3l 900 IN bonds ana Stt' sau
Xandt found no trace OF the securities, out DIS
rnyprpd a p,cl,arc i'm the vaults marked as be-
longing 10 George H. Tcll. Pcil called ior Inc
package on December - and received H. M Mr. van a
Landt asked Wallacl for something 10 LNe tna
place of the bonds. On December 80 ne IccetSEeu S
iw, checks Of James l. simmons ana ioIln in nae, as
tcrcc X Co. aegrccalpg S>'1OV; "Icm to ne Mrs.
told were for bonds sold on ihe sIIocI' ~,
Vu Y,udt cnuld find no record ot the tIah'ac'iohs
and Wr, Lindsay says that le does not Nho" no"
or when the bonds were s2.a, a,i,I o., tho District
,,torncv', Office until late IN the alteraron when
Wollacl; succeeded in ohtanlng bti.. lilS molner,
the widow of ester N9lasS' HS "IIi'' rntbor nIt,aut
Mrs Emily WaacG, was ANXIOUS 10 become ms
,rct, She owns III" house and tmriN->eNen
eros known rs Elsmcrc. a. Sound Wow, near
S,,mford Conn The property is valued AZ Si5.-
nno and is morteaaca 10 The amount of 100000
The security was considered insufficient and Mr.
WaIIack might nave been kept in custody over
uiaht had not his mother plo'ei IN thc possession
~ tbn District Attorney - 900 of trust mort
,,'ccs ON real estate a> additional security Ihey
we're accepted ~ temporary security ana MI;
Wolocl, was released. lie must find addtionai
bondsman to-day. ..... ,,.,.,
Prll ard SmmorS. # their earnest request, we're
allowed to 90 to P-licc Headquarters instead OF
Tho Groud Jury has not finished its invesilGa-
tim Assistant Distrct-Attorncy Davis SAYS thah
the State banking laws ar" much less clrein,N
drawn than the United States laws. and me
4 n;lt,. of fornulating charges is greater on than
acnnunt Tho witnesses summoned before the
Grand Jury yc.terlav wcr' Fhenc1cr S"hohelI'
cashier of the FIRST National ianN ,''nm pI