The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-02-01
isrokcr Pcllt who Attempted to No.
gotiatc tho Stolen Bonds, is Ar.
rnignch ana Held for E1a,nin.
alton = Dcposl,ors Safe.

Marshals who have been in search Of
him since lust evening have been. unable
70 locate him. They spent many hours
shadowing his home in Brooklyn and
, his Office in this city, but without sue
cess.
Commissioner Shields, upon the for
nal arraignmGnt Of the prisoner before
him, stated to Pell that his arrest was II
charge OF aiding and abetting IL band d.
rector in having unlawfully embezzled
and abstracted certain securities. "It IL
q criminal charge" added the Commits.
sloner, "and you are entitled to IN ex-
animation and to bail. 1t is also discre-
tlonary with you to make statement or
refuse to do 80. Anything you may say
will be used against you, so perhaps YOU
bad better say what you have to your
counsel for the present"
pELL Is HELD.
Pcll nodded in acquiescence, and then
told the Commissioner that he wished to
have III examination. He said that hc
would be prepared for hearing next
Thursday, and the examination was set
Tor that day at II a.. N.
Assistant District Attorney Rose then
addressed the Commissioners on the
subject OF bail. He said that while Pell
was not arrested as a principal, but for
aiding and abetting, his crime was quite
as grave. A like punishment was pro-
yided for him as for the principal-from
five to ten years imprisonment. "The
facts show that this man assisted bank
official in transferring to his own use
over S430,000 worth Of securities belong
ing to a bank. eight days ago." he
said, "the bank stood in the highest
rank. 1t bad the confidence Of the
stockholders. and the perfect faith OF its
derositors. In few days $780, 900 worth
Of its securities were gone, and only by
the most strenuous and prompt meas
ures taken by the Bank Examiner was
any of it saved. Two hundred odd
thousands Of dollars have been returned
by these prompt measures" He then
insisted that the bail should in any event
not be for less sum than $25,O06.
Commissioner Shields decided to re.
quire bail in the sum OF $4,000. Up to
noon Mr.. Pell had been unable to fur
niBh bonds. aI
| n DEpoSlToRs WILL BE PAID.
The outlook at present is that the de.
positors OF the Sixth National, the Lenox
Hill and the Equitable Banks will short.
ly receive in full the money duo them.
1t will not, however, be due to any Of
forts OF the syndicate Of financial Napo
Icons who originated the gigantic scheme
to wreck those institutions. Two or
three wealthy business men who had
been deceived into allowing these
schemerB 10 get control OF the banks in
question haye pledged themselves to
make good any deficiency in the money
due depositors. f.G'
Bank Examiner Hepburn this morn.
ing would not bo interviewed about the
affairs OF the Sixth National. His rep.
rcsentatiyc said Mr.. Hepburn was hard
at work preparing the detailed state
ment which he expects TO forward to-
night to the Comptroller OF the Cur
rency at Washington. He corroborated
the report that Mr.. Charles II. Leland
the late President of the bank, had
given n guarantee to Mr.. Hepburn that
he would see that all the depositors were
paid in FULL.
Ono Of the bookkeepers OF the bank
stated to a reporter that Cashier Col
ston's prompt action had prevented the
wrecking of tho bank, and that in addi-
ton to Mr. Leland's guarantee the &C.
curities held by the bank were sufficient
to save those who had entrusted their
money 10 the institution.
EQUITABLE BANK SHUT ur. .,
| At 10 o'clock this morning small
card was placed on the front door Of tho
Equitable Bank, bearing the announce.
ment: This bank is Temporarily
closed" 1t was reluctantly placed there
by Cashier Courton, who had been
hoping against hope all the morning that
the bank could remain open for bust
ness. "'-3 r." G,t.sjt FsiO-'
State Bank Superintendent Preston
met MIR. Courton at the bank IN honr
earlier, and told him that the bank
should not resume ..at 10 O'Clock. the
usual opening hour, unless President
rallman had made good his promise to
produce sou, 600 in cash by that time.
i,y, Cashier Courton: President Tall
man is a retired builder and man NJ
wealth. lie is determined that the bank
shall not 20 under. After a TALK will
State Superintendent Preston last nipht Z
he and Mr.. Meyer, one OF, the -directors !.
| started out to raise the money. Bnr
$50 900 in cash is great deal Of lmionov
to raise even on good securitiea anj
they have doubtless been DELAYED +
have, no doubt, however, that va shall
again open for business this aitcrnoon ~,
tomorrow morning., =
AN ANXIOUS DIRECTOR,
Amos Goodhart, attorney for tho Len.
nox Hill Bank, as well as director
called upon State Superintendent Of
Banks Preston to-day, and said he wos
anxious TO know the exact cond;tior 10 20
ailalrs at the bank, as well as Il thc cas,' ~
ier, MrsVan Zandt, was criDinallv I f..
BILE for the certiication OF tho two cIsnt. Ia,
ior 5oOOO each, given on the Sixth M. @
tioHal bank. ll's'gag ID jp''T' n ''' va. va
Preston told the lawyer that he woa
not sufficiently conversant with the iaw w
on that point, and that he was conso. ~"
quently unable to answer the onestinn
Just at present. Besides, it was not n
question, he thought, that be woujI ~.
called upon to answer. II was rnmoroJ 90
that the. cashier, Mr. Van IanIt woa
being closely watched by The poiice anS no
1t was thought would be ART sted M aonu nnu
rs the statement now being prepared e
was read. r-epaiea
g. Examiner Hepburn was seen at ,be
sIxth q. x n National Bank at noon, and eaid aid
on e 0a1k az ;s %oa,d mot lCse en- more than s7lo
scnted by bonds and securit;sa s' ,sb;ai atpte,
iad been already sold, and the "tII,l othar
SS50,oo0 represented checks Which asa a.a
iI;M neid against the Equitable and Ienoe
III, oanKS. 5isS a.. 4, = J. -
~ refer ;ar., Classen, who is implicated in
Fnu;tnh,n I,v ;;tnshp,lyency Of the Sixth National,
ed late this afternoon in Kiernan,s 1 a,,esa,
agency at Broad street and s Excbap~s np~s
PLACE, where he had been makinn 81 q