The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-29
CLAASSEN FOUND GUILTY.
VERDICT AGAINST THE Ex-PRESIDENT
OF TIE SIXTH NATIONAL.
Ms WIG ra,n,. when tho Nsr- of the

His Wife FaIAta when tho News OF the
Verdict Is Communicated to Her by Her
Husbnnd-A Three Days Arrest OF
Judgment On Motion for "a New Trial
Tho Jury before which Gen. reterJ. Clnassen,
eN.l'resident Of the Sixth National Bank. hns
been on trial Tor u fortnight in tho United
States Circuit Court retired at 80 L. NJ. yos-
terday TO consider tho evidence and returned
at 1880 with a verdict OF guilty OF embez2lo-
mont as charged in counts /, 49, 81, -, and Is
oil tho Indictment. and not guilty OF the offences
covered by counts .. IL, -. 81. 80, and ~.
Whom Foreman kimball read tho verdict
Clanssen seemed unmovod. Cen Foster uavo
notice OF n motion for now trial pendn:
which judgment will be arrested for thruo
days.
Mrs Clansson and her daughter were in the
Office OF tho Cnitod States Marshal when the
verdict WAS rendered. Whom her hmsbnnd
entered the room in charge OF officers sho
looked up inGuirngly. lilo spoke to her in u
low tone, and Mrs. Claassen with u loud CRY
fell in n swoon.
ten. ClanSSen was taken TO Ludlow street
jail by Deputy Marshuls Cooper and Van Bls-
kirk in q horse car
There wore forty-four counts in the iEdict-
mont against Cidassen, and the Univd Stalos
District Attorney elected to try him on len OF
thcm llo was convicted on five OF them, three
OF which charged Ciaassen with misappicaton
OF tho Sixth National hanks funds in makiag
three loans OF S60,GOO each. or $4,000. TO SIM
mons on cashiers chncks. Count / charged
him with ombeH&ling $G42,O0O of the SiNtA Ma
tional Bank bonds by going to the National
Park Bank with PeIl. taking from the vault OF
tho Sixth National Bank bonds to the
amount of S622,OOO. and turning thom
over TO Pcll for sa!e on Simmnus'I
directions. Finally. count % charged
C!aassen with msapplicaton Of funds to tho
amount of S207.sOU, which he permitted tho
LenoX Hill Bank te oycrdraw III its account
with the Sixth National Bank. On each OF
these five counts Claassen may be sentenced
to ten years in Sta'c prison.
The counts on which Claasson was found
not guilty were the abstraction Of $lJ.A0 OF
coupons: the msapplication Of SO 900 boads
of the bank. the sale of tho bonds being II
part Of the sop coo embo22led according TO
count !. ard not returned to tho bank; the
mi-application OF funds in paying 500. mo TO
the LenoN Hill Bank, according to count d.
ana making ialse entries n Ia" books OF the
Dank regarding the $2DhS9D Transaction with
Intent to deceive
Cen Llanssrn was attended in court in tho
morning by his uauEhtcr District Attorney
Mitchell resumed his summing up Tor the
prosccution.
said, as check-E.ting., rna, is only short
accommodation. and do not ny II is wrong.
GiaaSsen Il not charged here" no continued.
with bank wrecEing or " til hujglarT. II is
only charged that under the law ii confidence
and trust had Lean rcposed in him involving
the interests OF tho Ganh. and hc had used ii to
turthor the interests OF few men"
Judge. Benedict. IN hi1 address 10 the Jury.
said If it was found that the funds OF the SIKH
National Bank had loon distracted from the
bank or the credit used for ino benefit Of 9TH
els fraud was evidently meant. Si:nmons'5
debt to Leland was not the banks debit add
should not have been paid with tho banks
funds. simmons had not been called to cor
roborate Claas' ems test imony. and it was q
rule that ii witness who l. at hand is not
1t is considered that he would not be able TO
corroborate tho testimony Ii it had boon
proved that the defendant hnd issued check
for 100000 to Simmons TO onane simmons to
nia-t certain outstanding checks. iAen lie
shoulG he CONVICTED II tho evidence shows
t! at tho defendant may not have been cog
nizant OF tho uso to b" made by iel ALA, Il
4 Co. of the id.2, NEI worth Of bonds, he SrOuli
be acquitted oil the charge Of emLezzenent.