The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1890-02-06
GONE TO CANADA.
TIE PRESIDENT OF THE WRECKED
NEW YORK BANK SUDDENLY
DISAPPEARS.
BANKS TOTAL LOSS 100000.
The Would Be Assassin of Bishop Whita-
ker Declared to Be a MOnomaniac
on Prohibition.
BANKS TOTAL LOSS $SOO,oOOY

New YORK, January 31.-George H. Pell,
broker, who was arrested last night for the
part he took in disposing of the gilt-edged
securities .of the Sixth National bank, was
taken before United States Commissioner
Shields today and held in $4,000 bail for
examination Thursday next. Peter ].
Classen, president of the bank, for whose
arrest warrant was issued at the same
time as was that for Pell, is still at large.
He has undoubtedly skipped, for corps of
United States deputy mershals, who had
been in search of MIN since early last even
ing, have been unable to locate him. They
spent many hours shadowing him in his
home in Brooklyn and his Office in this
city, but without avail.
Morris Goodhart, attorney for the Lenox
Hill bank as well as director, called upon
State Superintendent of Banks Preston this
forenoon and said he was anxious to know
the exact condition of affairs at the bank
as we'll as if the cashier, Mr.. VanZandt, was
criminally liable for the contiscation of
checks for $4,000 each held by the Sixth
National bank.
Mr.. Preston told the lawyer he was net
sufficiently conversant with the law on that
point and that he was consequently unable
not a question he thought he would be
called upon to answer.
1t is rumored that the cashier, Mr.. Van
Zandt, was being watched by the police,
and it was thought would be arrested as
soon as the statement, now being prepared,
was ready.
Examiner Hepburn, when seen at the
Sixth National bank at noon, said the bank
would not lose more than $750,000. Of this
hIT dc
and securities which had been already sold,
and the other $350,00O represented stocks,
which are against the Equitable and Le-
noX Hill banks.
Commissioner Shields ON a formal ar
fragment of the prisoner before him stated
to him that his arrest was on a charge Of
aiding and abettlng bank director in hay-
ing unlawfully embezzled and distracted
certain securities. ut is criminal charge"
added the commissioner, land you are en-
titled to an examination and to bail. 1t is
also discretionary with you to ma Ike state
ment or to refuse to do so. Anything you
may say will be used against you, so per-
haps you had better say what you have to
say to your counsel for the present"
Pell nodded in acquiescence and then
told the commissioner that he wished to
have an examination He said he would
be prepared for hearing next Thursday
ana UnG eAdlnllldllOll was oCG lol phuO uuIO
at II a. IN. The United States attorney
then addressed the commissioner on the
subject of bail. He said that while Pell
was arrested not as principal, Tor
aiding and abetting his crime was quite as
grave. A like punishment was provided
for him as for his principal from five
to ten years imprisonment. The
facts show that this man
assisted bank officer in transferring over
to his own use 5000, 900 worth of securities
belonging to the bank. Eight days ago"
he said, this bank stood among the high
esS names. II had the confidence OF the
stockholders and the perfect faith of its de-
positors. In few days 100000 worth OF
its securities were gone and only by the most
strenuous and prompt measures taken
by the bank examiner was any OF 1t saved.
Two hundred odd thousands of dollars
have been returned by these prompt meas
ures. He then insisted that bail in any
event should be for not less than $4,000.
Commissioner Shields decided to require
bail in the sum of $4,000, and up to noon
Mr.. Pell had been unable to furnish bonds.
The United States district attorney this
afternoon issued warrant tor the arrest OF
James A. Simmons, and the officers are
now looking for him.