New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-15
MITERTCH BANK OFFICIALS INDICTED.
SERIOUS CHARGES WHICH MEssRs. POTTER,
nANA AND FRENlu MUsT ANsWTls

SERIOUS CHARGES WHICH MEssRs. POTTER,
DANA AND FRENCH MUST ANSWER.
Boston, March II (Specall.The Federal Grand Jury
this afternoon reported The indictments In the Maverick
| Bank cases The persons indicted Asa Potter.
former president OF the bank. Colonel Jonas H. French
| and Thomas Dana. directors. The finding of these
Indictment, Is not The least important work OF a
| Grand Jury which had previously indicted the pro
pr1qor OF the Louisiana state Lottery aud the Officers
| Of the Whl,key Trust The only evidence that the
| Government sought and failed To ct was whatever
papers Of interest arc locked In exrrcsidcnt Poters
leathercoverd trunk. The lock Of this treasury has
not been turned.
| The Indictments are In brief follows: Thomas
Dana Is charged with making false entry In report
N the Controller OF the Currency. IL Is alleged that
the false statement was statement under the head OF
Resources" making ovcrdraftS Sl0l 40. when In iact
the overdrafts amounted 10 ut least S5,2oO ~. as
| the said Dana then well knew"
Tho Indictment against Asa Potter charges him
| with mlsappying funds Of the bank by causing to
be paid out various sums VI money upon checks
| drawn upon the bank by Irving 4. Evans q Co. In
cxccs, Of tho sums which Irving 4. Evans d Co. were
entitled 10 draw The Indictment sets Out about MY
checks on which Evans d Co. we're allowed Ia draw
out sums from II, 100 10 $500 each. lie "a also
charged with making false entries In the reports 10
the Controller Of the Currency 70 the amounts due
| the Maverick Bank from other banks and the amounts
| due 10 dep0stOrs by the Maverick
| The indictment against Jonas H. French charges
him with making false statements In the report 10 the
Controller. II alleges that In report signed by him
tho overdrfts in the bank grossly nndercsmated
that the amounts duo from other National banks were
ovcrcstlmated, that II wa' reported that there was
| nothing due from State and private banks. when, IN
fact there was duo from Evans Co. TO the Maverick
Bank not less than s42O4J2 H. Ii also alleges that
the amount due dcpositors much greater than tho
statement In the report. Another count OF the same
Indictment charges French with having aided and
abettcd Joseph W. Work. cashier Of the bank. In MAILING
certain false entries in the reports TO the Controller mr.
to the resources. liabilities and coudton Of the bank.
Another Indictment charges Jonas H. French with hav-
Ing as director OF the bank. taken into his posses
sion 600 900 and OF embczzling the sumo.
| Tho indictments charge the officials with various
other fraudulent transactions. involving sums ranging
from 900 20 100000 President Potter Is charged
with frauduleny procuring from the bank the sum Of
| S25 OoO aud IN connection with this transaction he
procured note for $4,000 TO be signed by william
a. Connolly minor under sixteen, ond caused the
amount 10 be credited TO Potter account In the bank.
| 1t Is also alleged that he caused Connolly to sign
another note for $4,000 which credited TO that
amount Potter's account. Another charge Is that
Potter procprcd a note TO be made by one Thomas
lank Its object being to dcfraud the bank. Potter Is
also charged with making fake entries In the paying
iellcr's cash-book lie is charged with msapplyng
100000 by causing TO be paid diverse checks drawn
| upon Tie Maverick. Bank BY Irving a. Evans q Co.
| Dana Is also charged with embezzling ut different
times total OF 100000 belonging TO the bank, and
with other dishonest transactions.
Indictment No. 4s1 charges Potter. French and
Dana with conspiracy In violation Of Act Of Con.
| gress passed June 3. 1864, entitled; "An act TO
provide National currency secured by a pledge OF
United states bonds and to provide for their clrcula
ton and redemption thereof
| The city Of SOmcrvillc may be able to recover
tho I'll 900 which IT deposited with the Maverick
| bank about fifteen minutes before the failure
Judge Colt In the United States Circuit Court
| to-day gave a decision overriding the demurrer
which Receiver Bca fled to the bill brought by the
city asking that the receiver be ordered TO account
for the fui value Of the deposit. the ground that
| the title never passed to the bank Judge Colt says
that the title passed. but that the allegation that the
bank AT the time OF the deposit was irrctrlcvaby In
solvent made by the operations OF the president
and directors must be taken To be true and such
| Il fact w0uld tend 10 show fraud.