Telegram-herald., 1890-02-02
THE BANK THIEVES.
President Clsassen Gives him
sell Up
EE IS EELD N BONDS OF $50 Oeo
gss chzrgs ~ fUesEslszsnt 81 ths
s8Alh >sttsoal's fsads g. the
Amoant - Sa8s sss Ftzrsa
AEsiast Him.

Nrw YoRs Feb Peter = Clsss-
sen. president of me Sixtb ~
tonsi Bank who. Nlth others.
Is -barged Nth having vroel.-i hat
insttafion. gave himself up late Friday
afternoon on condition THAI 30 should
not l-s compelled 20 spend the night
in LVtl0w street iall lie asserts
his innocence 81 any Erong-aolnE
lie Was taken before United
States OomWissioner shields. ana the
warrant charging him wlth embesEling
and misspproprat.ng the funds oi the
Sixth National Bana was read 70 him.
Prior 20 surreudering hhnseif he walked
from his home Ina BROOKLYN 70 the Wall
street ferry and Up Wall street 70 =
news agency, whore he made = state
ment of us connection with she Sixth
National lie had kept in hiding up T.
the time of his surreadering and u was
supposed that he bad fed from the city.
as officers had been searching for him
al dsy in vain up 10 that time The
United States District Attorney has
taken out q Warrant for the arrest 81
James 4 simmons, ono Of the alleged
bank-wreckers. who j. said 70 have been
the master mind OF the syndicate"
President Claasson appeared before
United States Commi ssioner Shields this
morning and was held in bonds 81 $50.
600 lie Is being held on charges made
b. Bank Examiner Hepburn. In an
AFFIDAVIT the bank examiner charges
that peter J. Claassen, president
and director OF tho bank, did
FOR tho use. benefit and advantage
% himself unlawfully en- bazale. sb-
stract and willfully misepply large sums
OF money and the funds and credits %
the bank. amounting in the aggregate
20 the sum OF s482. so8. with the intent
70 injure and defraud the Sixth National
Bank Of the city Of New York
The following notice was posted or
the window of the Sixth National Bank
az 10 o'clock
Mr. Leland has advanced funds sufficient L
guarantee payment u iepositors iu full az az
early date as proper arrangements can b.
made FOR that purpose.
a. r HEPBuRS Examiner"
In a statement 70 the public Claassen
denies that he is member Of the syn
dicate which purchased the control OF
the Sixth National Bank or that he
had met ex-President Leland until
the sale was completed He claims
that il was al the suggestion OF
Cashier Colson and with the consent OF
the board of directors that he arranged
20 sell the $3.50, 600 in bonds held bv the
bank, and that it was for the pur
pose Of providing more available
cash so that the discount bust.
ness might be increased that
the step was decided upon. lie denies
that any Of the funds OF the bank were
used by the syndicate to pay for lie
lands stock and claims that had the
hank examiner not refused TO accept the
certified checks offered by Pell there
would have been no trouble.
a great many dcpositors called at the
Equitable Bank during the nav
and were told that the business Of the
bank would be resumed in few davs.
that the affairs of the institution were
all right, and that H. was only closed be
cause an examination is in progress.
Charles NJ. Preston, uperintendent OF
the State banking department. said that
the over-certi fcation Of the checks for
S1h0 600 by Cashier Courter. OF the
Equitable Bank. 10 Pcll. Wallsck e.
Co. and James \. simmons un-
doubtedly crippled that institution.
He further said thu the down
fall or the Lenox hin Bank Vas direct.
~ attributed 20 Cashier Van Zandrs
cer'ificaiion Of the two checks for $50.
600 each for the Sixth National. Mr..
Van Iandt claims that he Was confined
to his homo by illness when these checks
were certified