New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-12
THE GRAND JURY NAY ACT.
AN INQUIRY INTO THE WRECKING OF STATT
BANKS
CONRAD y. JORDAN, A. z. CoLsoN AND A. B
HEPBURN TESTIFY AT THE EXAMI'
NATION OF CLAASSEN.


The pcrsons concerned in the wrccktnG of the
Lcnox Hin and Equitable banks may not escape an
Investigation by the Grand Jury. Deputy Assistant
District Attorney Lindsay called upon United states
District Attorney Mitchell yesterday to learn what
progrc~, had been made in the investigation by the
United states authorities, and to make arrangements
by which the facts ascertaned a, far a. thcy
relate to the state banks might be communicated to
the state District Attorney.
District Attorney Fellows said that he had no de-
sire 10 interfere with the United States officials who
were investigating the conduct Of the officers OF the
sixth National Bank. Some OF the witnesses now
under examination could testify as to the affairs OF
the State banks The February Grand Jury NAV
not take up the subject. but the March Grand Jury
may call some Of the witnesses.
The United states Grand Jury, OF which Cyrus
Butler is the foreman, met Yesterday morning, but
did begin the investigation Of the charges agains,
=. j. Claasscn and George II. PclI The examination
in the Of Claasscn resumed before Commits
sioner shields in the afternoon. Conrad y. jordan.
president Of The Western National Bank, was called
to the witness stand by United ~atcs District Attorney
Mitchell. He said that he desired 10 make some cor
rcction, in hi, testimony given Monday, and would
tell what the CORE tons were th, morning. lie was
asked 10 tell What had become Of the securities which
were missing from the sixth National Bank. lie laid
that the statement A. to the sccuritic, not com
petc. but that he would have n ready this morning
He knew where three fourths OF the securities were
\. +. Colson cashier Of the sixth National Bank
was recalled. lie said that he might have made a
mistake a 10 the presence Of II. r Cutter at the d
rrctor' meeting January Do. He did not know
the new directors personally and would not recognize
Mr. cutter. He had transferred stock N Mr.. Cutters
name and believed that he was present but Mr.
cutter now denied that he was at the meeting he
could not now contradict him. Mr.. cutter was In
court but the cashier could not remember that he had
ever seen him.
Mr. Col-6u identified the three checks for
100000 each which he gave TO Mr. CaaSscn a few
minutes after the president took charge of the
bank. and the note, which had been given for them
lie said that some worthless bonds remained in the
vaults security for the payment Of tn" notes The
stock Of the Equitable and the LcuoN I'm banks had
been given 10 Mr. Jordan for some purpose. Mr.
Cols,n sad That Mr.. Hepburn and he received some
~ the sccurtc, mentioned 100 the receipt "h'h IcHN
Wallack a Co., s,yc for the iG22.ooo Of bonds The
securities retained ou January - or 30 were SloOOl
spokane Fall, and Northern, $4,000 Cmcac' and
Northwc,cru $4,000 chicago. burlington and quincy
$1,000 Sew York. lalc Ere and Western. Sloo"o
chicago. IT, Paul. Nuneapoli, and omaha. ri'oo'
oregon short Line. and $4,000 Richmond ana West
Point Terminal. ou the ,tme day other bonds "cF'
uur,h a-.,i ly the bank. General Foster. 'la's-cn
,ir.cl a-l-d ouly fcw question, before ME- 'ol7ou
va. allowed T., depart.
4 Is. Ilepb4ru. tlc National Bank Examiner. wa
then called D., District Attorney Mitchell u" S"'
that OIL W,dur,day January 80. bee BEGAN t. examine
tine sixth National l-tuh. II" found that the state
m,nt lool showed that the BANK '"'n'
t,v, a.out @i8OoO)O 30 stock and bonds
a.. t.,,a 81 600 in stock, and 10000 In bonds
, t.. h..L and Wa, told that the other Ne'urlh"'
,-, Al fine r,r Lani -afrty vault. VI" went u the
park LAM ,l.It, AMI found tnat f'--'o'o OF inc
..,.rltes wee missing. Caa.-cn handed To MN li