St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-26
BLEW A BANKS Cash
UaIlowell, a Superior Bank
Cashier, Gobbled Up at
Philadelphia.
President Cadwallader Is
Likely to Join Him in the
Arrest.
Both Borrowed the Bank S
Money on Very Flimsy
Security.
Attorney Erwin Takes a Star
Part in the Famous Rus
sell Case.

WEST SUPERIOR, Wis, April D.
business and social circles were started
this afternoon by telegram from Phil
adelphia, announcing that j. ii. Halo
well. cashier Of the Superior National
bank, had been arrested in that city,
charged with embezzement The
Superior National bank, capital 100000,
was opened about six months ago, with
A. A. Cadwallader president and j. II.
IIallowell cashier, both Of pennsylvania.
Capital was contributed ABOUT
equally by local capitalists aud
Pennsylvania people, the latter friends
or relatives Of the two officers named,
both of whom are reported to be OF
wealthy families and in every way re-
sp0rsible CadWallader moved MS ram
ily 10 Superior. llallOwell IS unmar-
red. Both moved In TIE best circles
and their actions were beyond rtproach,
except that perhaps Halloween was con
siderable Of a blood, " and spent money
freely. A week ago llallOwell went
East suddenly. At THIS time this at
tractcd no public attention. IL IS now
said his departure was unannOunced to
the board Of directors and preceded by
few hours special meeting
called. Friday night at about 10
O'Clock the directors Of the bank called
at The Office of the Morning Leader and
desired 10 announced that A. n. Cad
walladcr had resigned as president, ana
Thomas g. Alvord, comparatively
young man, but experienced as
banker, had been elected to ms place.
Also that the officer Of assistant cashier
bad been created and hlled by Denry
Peterson, who was also made actlhg
cashier. Coming IN the way u ala, thlS
action looked suspicious. w nat uoes
II mean" was asked Mr. AlYord. III
means that new crowd has cohtrol OF
the bankV lis there not something
back of it?7 "Well, there IS a story, OF
course, but not for publication" When
shown the dispatch stating that Halo
well had been arrested the directors ana
not seem surprised, though they claimed
they knew nothing about 1t, and at hrSt
refused to talk This evening. however,
they made public this statement:
"rhere are irregularities to be charged
against both lIallowell and Cadwalla-
der. but probably nothing criminal.
Botn are under bonds to us, furnished
by the Phi adephia Surety company, IN
the aggregate $4,000. We know
that they have been taking
the banks money to their
own use without the knowledge of the
directors and giving their individual
notes unsecured by collateral. me
total amount is 1000, of which HaliO-
webs is $4,000 and Cadwallader's SD
600 When Calwailader's liabilities had
reached a large sum he turned over
bundle Of notes running TO c. II. Cad
walader whom he says is his father.
We know nothing about them. We
notified the Surety company that we
should hold them responsible and we
suppose mind, we don't say positively
we suppose they caused Ilallowells
arrest We shall get our money. The
bank is safe. That is all there is to the
affair. Cadwallader has been here
all along. Late this afternoon
woman was seen running
brcathlessly down Tower avenue and
into the bank She reported that Cad
walladeT was about to leave town. III
was SAID that the bank people had had
detective ShadOwing him. lhcy re
Qucsted the sheriff TO board the south
bound train lust leaving and arrest
him. The sheriff rode as far as Old
Superior, where he got off, saying thai
Cadwalladcf was not on the train. At
the Broadway hotel, where Cad
wallader boarded, it is stated that
ne took that train for Chippewa
Falls TO consult his attorney
j.. Buchanan, who is there on business;
that he went openly and does not fear ar
rest, and Will return tomorrow morning
1t is said ON good authority that his ar
rest has been ordered. Friends have
telegraphed him for explanation, but
up 10 10 o'clock had heard nothing. 1t
is the general impression that the bank
Will lose nothing. Relatives of both
men will settle the matter. HallowelIs
part of the money was used by him IN
speculation in the East, it is claimed.
No Law TO Cover 1t.
SPECIAL to the Globe.
MILLER, S. D., April 25.-ln Judge
Fuller's circuit court a case of general
interest in the state has been decided.
District Attorney Gray instituted suit
against County Judge Hughes for not
having filed an official bond as required
by a law of 1891. Judge Fuller, in dis
missing the action, held that while the
constitution names causes for removal,
failure to file bond is not mentioned.
That under the constitution no law pro-
Vidng for procedure in removing has
been enacted. That if the question of
constitutiOnaIty of the act Of 1891 had
been raised, he was inclined to hold it
unconstitutional so far as it relates TO
county Judges. The ease may be APP
Dealed TO the supreme court