New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-26
FOR PERJURY AND FORGERY
THE FORMER CASHIER OF THE LENoX
HILL BANK ARRESTED.
CHARLES L. WALLACE, THE FORMER PRESI'
DENT, ACCUSED OF PERJURY-HE MUST
GIVE ADDITIONAL BAIL.

Ernest Van Zandt, who was cashier Of the LenoX
Hill Bank, when it suspended payment in January
was arrested yesterday in the General sessions Bud-
ing lie had been called a witness before the Grand
jury at its morning session. and he answered some
inquiries as 10 the condition OF the bank in January.
As he was leaving the Grand Jury room, Detective
Sergeant Reilly touched him on the arm and invited
him into the room Of Assistant District Attorney Lind
say, who was busiiy drawing indictments. When his
work finished Mr. Lindsay went before the Grand
Jury with the papers and indictments charging Van
Zandt with perjury and forgery were quickly signed
bench warrant issued and Sergeant Reilly
showed it TO Van Zandt, telling him lie was under
arrest.
The accused man was nervous and excited. lie
seemed 10 feel the disgrace Of his arrest and became
pale and then in turn red in the face. lie was
arragned before Judge MARITIME and pleaded not guilty
the indictments. Mr.. Lindsay suggested that bail
be fixed at $1,000 and security TO that amount was
demanded The former cashier had hardly any money
with him and few friends called TO see him. HIS
counsel. Morris Guggenhcimer, visited him. Van
Zandt did not give bail and was sent to the Tombs.
An Indictment for perjury was also found against
Charles T. Wallack the former president Of the LenoH
Hill Bank, who is under 10000 bail on charge
Of grand larceny. \ message was sent TO Mr..
Wallacb asking him TO appear at the DistrctAtorneys
oIice to-day, and give additional bail
The charges Of perjury against Wallack and Van
January Ia to the state Bank Department Of the con
dton Of the Lcnox lIlll Bank The quarterly report
of that date had among It's items securities AS per
schedule among the assets Of the bank The schedule
contained the description Of tho bonds. aesregatlng
S31 900, which IL is alleged had been removed from
the bank vaults and sold boy Pcll Nallach &c Co. before
that date. Wallack and Van Zandt, As president and
cashier, signed tho report and before \. Lansing
Laird a notary public that IL was true statement.
Tho charge OF forgery I'm the third degree, mado
against Van Zandt j. found IN the entry In the books
Of the LcnOx I'M Bank, by which IL appeared that
three checks for $4,000 each had been certified on
January 30 whereas they had been certified on
January 20, when there no money IN tho bank Ia
meet them. The checks were signed by JOhn >attcr-
lee a Co, James \. simmons, and PcI. Wallack g
Goa and were given in endcavOr to strengthen ont
the affairs Of the sixth NATIONAL Bank bcf1ro 10
pended. They were presented by Cashier Cason, but
we're rejected az the LcnOV liill Bank.
The Grand Jury Ia, not finished rs work. other
Indictment, Will probably be found, and other arrc-t &,
made TN, week. Tile Grand Jury VIII adjourn on
Friday. and must complete It, Investigations before
that timc. II was reported In tho General Session,
building that arrests might be made within twenty
hours.