New-York tribune., 1890-05-22
LOOKING FOR A CASHIER.
THE TRIALS OF THE BANK.wRECKERS.
GEORGE L. HUTCHINGs, FORMERLY OF THE

GEORGE L. HCTCHINGs, FORMERLY OF The
THIRD NATIONAL, Is WANTED TO TESTIFY
The trial of George H. Pell before Recorder smyth.
which moved slowly at first. made good progress yes
terday and the for the prosecution was almost
completed The first witness of the day was Philp L.
Never. the spcculator who negotiated most OF the
bonds Of which Pcll obtained control. William r.
Gardner, the cashier Of the St Nicholas BANK was
called by Mr.. Davis. who had expected to prove by
him That he gave Fell the right to use consder5ble
Of money by certifying checks which were made
good by subsequent deposits. In TINS Mr.. Davis
failed, however
Mr.. Newcombe asked the witness: is II not trne
that it is a custom Of Wall street banks 10 certify
checks In the morning for brokers, with the under
standing that The accounts shall be made good before
the bank closes for the day"
Yes believe it is was the answer.
District Attorney Fcllows-Not Of National banks.
The Witness-I think
Q.-Do YOU mean TO say the bank ofhcials commit
a crimel
Al believe most of the National banks write ac-
cepted" on the checks but we treat them as oeroieu
checks.
The Recorder-That is mere evasion of the law. is
IL not
Al suppose il is sort of subterfuge
Mr. Newcombe asked Mr.. Fellows If he intended I"
prosecute The bank officials. Il cannot Mr. fciio"S
said but may call the attention OF the thlteo states
authorities to the natter ~
william VI. KilldufI The partner of Charles f. wal
lack i'm the firm Of Pcll Waack d CO., repeated some
OF The testimony he has given at other hearings anu
told some rew facts. Mr.. Davis asked him about
three checks for $4,000. dated January ~ WITH
were signed "Pcll Waack Is CO. ana James A. SIM
mons They drawn on the Lenox liil ban@'
and although apparently certified on January ~
were entered in the bankbooks As certified on January
30 one Of them was recorded at the bank a. drawn
bv John satterlec 4 Co.. but instead OF being Sgheo
bv the firm name 1t bore simmonss lhulNu"o oh
nature. Kduf said that he first saw the cheohs va
January 80. They brought 10 ihe oHoc VI '''''
WaIIack a Co. by Cashier Van Zandt. of the Len0N
Hin Bank. They then bore the certifying stamp an'
the snouni-S OOO-but had neither signature nor 'e
name Of the payce. Ernest Van Lahd'' inc '"S"o''
and Alvin Chadwick. the paying teller oi ''e LSoN
Hil Bank told a similar story Of the three cne'"S'
Mr.. Van zandt said that when he had Inc oo''''''Ne
stamp put on the checks they bore no name
The prosecutors case will be finished touAS'
United state, District Attorney Mitchell finished the
calling of witnesse, Yesterday in the trial OF r. .
Caa sscn before Judge Benedict in the uniteo soi"
Circuit Court. lie wanted 10 call George L' Hu".
ings, who was cashier Of the Ihld Nauolal nan"
until few weeks ago hut the deputy marslalS could
not lind him when they cndeavored I" serve MN VII"
a subpoena Mr.. IIutchngs had talked 10 the pros
ecuting officials several times and week OF TWO aSo
had said that he would appear as witness lie "a'
had business associations with James A. Snhih0"S'
The United states officials heard that Mr hutchiis'
had gone 10 Allentown Penn. They sent ucP"S
marshal 10 that place but could not ma hn' Inc
bank officials said that they believed he had gone wet
but could not tell Just where he wa. NJ. MIcir',
wa, compelled 10 prove by other witnesses some "i
Slmmon>s Transactions with the bank, aud lilt
number Of checks and accounts were ld"huhed by
various bank officer.
Cencral B. b. Foster made the opening aidrcS' for
the defence The for the defence viii Probably
occupy several days. go.
in reply t. the published lumor, about tAe iIiru Ii
National Bank President Booth said YESTERDAY l!'
bank j. IN good shape. II is making money ana ucIf
j, no more danger Of trouble than there l. that the
sun Will bc obscnrcd when there i not cloud u the
Ky | mean to -ay that there j. no cloud anywhcfc
in the financial horizon Of this bank. The published
story SAID something about a reduction ~ IN" capth
from 100000 To 100000. The capital j. $1,000
900 and | am bold enough 20 say That not one -hiTr
holder has heard II proposal 10 reduce II. There
va. A meeting of The board Yesterday. bu' n' Il'i
Of hi, kind made. 40 thought 0i j. entertained
bv the directors or the large stOckhOlder,'
About his personal relations 20 the bank, NJ Booth
said: have wanted to resign my place for several
wears but hold il at the earnest solicitation Oi the
principal am nearly eighty y-nvc YEAR old.
and think il IS about time that my successor WAC
appointed. Since ] recovered from an attack II the
grin, | am free to confess that have never been
better able % conduct the affairs of the banks