New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-11
TELLING THE BANK STORY.
CONRAD N. JORDAN SEES STARS

HE ASKS TO BE EXCUSED on THIS ACCOUNT FUN
UNCERTAINTY on THE WITNESS STAND
IN THE cLAAssEN EXAMINATION
THE MISSING SECURITIES.
Soma further information as to the methods adopted
,r tbc mon who obtained control of the sixth Ma
,ionaI Rank and nearly succeeded In wrrrklng IL was
given by the witnesses who testified yesterday 40 'ne
examination before Commissioner Shields IN the case
OF r. J. Claassen, who was Tor Time p'c'luchO u
the bank.
rntcd States District Attorney Mitchell recalled
President Charles H. Leland of the sixth National
Rank General +. b. Foster, counsel for ClaaSSeh'
first asked the witness few questions on crOSs-eA-
animation The witness said that as president oi inc
hank he received salary of $4,000 a year. lie nan
about 81 900 or Sj5 900 deposit in the BANK anu
he drew ont so 900 after his resignation lie said
that he now owned 1905 IL shares OF the stock OF
the bank He received them yesterday morning from
his counsel c. W. Wctmorc, after paying him 32oo''
600 lie understood that the stock was Ieturnco
through the Western National Bank.
Mr. Leland at the request Of Dstrict-Attorney
Mitchell produced memorandum OF the checks ho
had received i'm payment Of the stock sold TO Pel ana
his associates They we're James a. simmons on the
Lenox Hill Bank $4,000 |. Il. Ncwcombe & Co. on
the Banls Of the state Of New-York. 100000 p J.
CIoa,,en ON the National Park Bank 100000; George
H. Pcu on the ST. Nicholas Bank, $4,000; Meyer,
Letter d Co. to the order Of r. L. Meyer, T2Oooo inc
same $4,000 the First National Bank Tor u" 'reulS
NJ J. X Watson $4,000, Pell, Waack a co. on
Third National Bank. 100000; james ~ simmons
on the First National Bank. 100000; James a sim
mons on the Commercial National Bank, 100000;
uoadlcy a CO. on the Western National Bank $50,
600 and lloadlcy d Go. on the CITY Hatohal bdhh'
$4,000. Mr.. Leland said that he had forgotten To
make u record Of the banks on which the Meyer checks
drawn.
Mr.. Mitchell then asked for the receipt given to
him bv Mr Chasscn January -. when the bonds
and other securities belonging 20 the bank were turned
over 10 The new president at the -afcty vaults al the
National Park Bank. The number and description OF
the securities had first been certified as correct ny 'h'
assistant cashier Mr.. Pancoast, ana when 'h'y had
been checked OIL correct Mr.. Cla"Ssch signed re-
ocpt for them They valued AZ ~ 100000, ana
included Lond Of many street ana steam I''l'
way companic,. Bank Examiner Hepburn aitcrwan
furnished complete list II the portion Of the bonds
which have not been discovered since the lant EN-
amincr took charge of It. The present value oil the
bond, +, also given.
Ten thousand Milwaukee and St Paul 8 10 ana
VI. Dvi,oui value Sll,15O' 10000 MllWauhcr o an,
st Paul =, La Crosse Div,ionl. - zoo 10000 MI
waukcc and ~ Paul consolidated -, T3eO-o -p'oOo
s253,O: 10000 CHICAGO milwaukee, and s. Paul Ter
minal t2O.-0O. 81 900 Sew lork Elevated ir,t,.
s35.aio. $1,000 MON Pacific nrsts, $oD,oI 4'o1o
Union Pacific collateral hr-t~, 13'''!o. ',ONo en-
Talr,ad nr,t, ~. 80. 10000 -. Louis and
Trlncisco. sI1 200. 1000 Canada southern hr>t
toia .'rnul ~, all 80. 10000 II. Paul and sioux
ClY nr-t g.. Sl2.65o; 10000 Chicago, burlington
ana QUINCY 'i9,.s ilhu 49, ,I"' h'' 60. COO
burlington and CEDAR Rapld> 5, ? .-5o, 1000 leAa,
and Pacific 5l.5ao. The total value Of the bonds Is
over filj,oOO
Conrad y Jordan. president Of the Western Ma
tonai Bank wa, the next witness. lie wa asked to
produce in evidence the certified checks hr S3'oooo
lie said that h. had ont tvO If them. Charles +.
Mclean had the othcr, The two checks were for
$4,000 each the LcnoA Ilill lnnk. one was
drawn by rell. Waaok < Go. and the other by
Jane, 4. simmons, He said thar they had been
protested and he objected Ia having them kept rs
evidence because he wanted TO h. could recover
the money from the drawers Of the checks. The
check, were marked in evidence. however. lie SAID
that he had agreed with e. W. Wctmorc and Edward
King To- get together the .o3j shares II the sixth
National Bank. The Western National Bank hNd
900 share, q, security for the Equitable Bank in IT.
dealing. with the Western Bank. Nj jordan aid that
hc sent L. L. Meyer one ~ h, sons, and asked
him about the stock. Meyers told him tha 500 -laro,
we're at the Commercial Bank and could be obtained
10 % l,w price. They had been pledged for a loan
q $4,000. lie also found 80 harc9 in the vault
marked - T. !. C1.a,.cu. individual some u these
must have t,-u am ovcri--uc.
Mr. jordan tc,tmon, wat, not finished. he was
very ucrvous while tr,tfyn-. and aid at ono
point. "E1cusc me- for uncertainty, as
: ,m seeing stars
A. T. ool,uu the cashier Of the sixth National Bank
aid That Dee bad been a cashier f,r tvcut} years
within rfcrn minute, after be- had assumed the pre-,
dcucy Cal.,eu Went To- thc vltuc,, ard said that he
lad made three Iaus ~ 100000 each and that they
were 600 good security. AZ Do, request Col-ou made
! out the checks. The hrt loan Wa to John ouiticc
s. Co.. -'Oono. secured lf t-3 600 ln bunts ~ tho
Iuuif Die -ht Company. $50 shares ~ the Eli
able Bank stock. 90 600 tanplna central second mort
l ff If.f.f col
Trans portatou Company. and 10000 third MORTGAGE
Carolina Central bonds. Most ~ these -courilr, had
mo- nara,i value. lui Cllas,cu said that thcy wcro
! very yaluahl. The second loan va, to James y
simmons tGOoon secured hy 500 shares Of Oh" Lcn"N
/ Bank -to,h. tht,~cu told 10" witness tNat IL wa
worth from 80 To- 10. The thir loan was 20 Pcll
Walll,l "a CO.. ou $50 .hau, 81 the Equitable Banit
! which Clnu-.ru .1d vi, worth 10 ia" chrc *,
were delivered 10 Claa-cu and he promised thai the
collateral securities should hc first e1~s but h" brought
I nuly the stocks and bonds mentioned. The witness
/ said that NJ one time Claass"u sent for III" July
coupons bond, which had been tran ,crrrl to
pcll. Wallack IS 60. The witness would not deliver
/ Them - Mr.. Watson. vino called for them but sent
them 10 .ll Nalllck q CO.. IS O held me bonds. The
| witness Will testify further AZ O'Clock today