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 Banks
Money on Very Flimsy
Security.
Attorney Erwin Takes a Star
Part in the Famous Rus
sell Case.

WEST SUPERIOR, Wis, April 3D.
business and social circles were started
this afternoon by telegram from Fhu-
adelphia, announcing that j. ii. Halo
well, cashier of the Superior National
bank, bad been arrested in that city,
charged with ENLIGHTENMENT. The
Superior National bank, capital 100000
was opened about six months ago, with
A. A. CadwalIader president and j. III.
Uallowell 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-
spoEsibIe. Cadwallader moved his fam
ily 10 Superior. Hallowell is unmar-
RED. Both moved in the best circles,
and their actions were beyond reproach,
except that perhaps Halloweli was con
siderable of a blood" and spent money
freely. A week ago 1allOwell went
EASE suddenly. At this time this at
tracted no public attention. III Is now
said his departure was unann0unced 10
the board OF directors and preceded by
few hours special meeting
called. Friday night at ABOUT ~
O'Clock the directors Of the bank called
at the Office of the Morning Leader and
desired IL announced that A. A. Cad
wallader had resigned as president, and
Thomas e.. AlVOrd, comparatively
young man, but experienced as
banker, had been elected 10 his place.
Also that the officer of assistant cashier
had been created and filled by Berry
Peterson. who was also made acting
cashier. Coming IN the way II ala, TINS
action looked suspicious. "What does
ii mean?" was asked Mr.. Alyord. III
means that a new crowd has control or
the bank" lis there not something
back of it?' "Well, there IS story, OF
course, but not for publication" When
shown the dispatch stating that HallO-
well had been arrested the directors ana
not seem surprised, though they claimed
they knew nothing about II, ana al nrst
refused 10 talk This evening. however,
they made public this statement:
"There are irregularities to be charged
against both Hallowell and Cadwalla-
der. but probably nothing criminal.
Both are under bonds to us, furnished
by the Philadelphia Surety company. III
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. Inc
total amount is $4,000, of which Halo
Wells is 1900 and Cadwallader's S22.-
600. When Calwailader's Liabilities had
reached a large sum he turned over
bundle Of notes running 10 c. ii. Cad
wallader 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 HalloWelFS
arrest. We shall get our money. The
bank is safe. That is all there is to the
affair. Cadwallader has been here
ali along. Late this afternoon
woman was seen running
breathlessly down Tower avenue and
into the bank. She reported that Cad
walader was about to leave town III
was said that the bank people had had
detective shadowing him. they re
Quested the sheriff TO board the south
bound train just leaving and arrest
him. The sheriff rode as far as Old
Superior, where he got off. saying thai
Cadwalladef 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
u. 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 to 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. HallOwelPs
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.-In Judge
Fuller's circuit court 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 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-
Viding for procedure in removing has
been enacted. That If the question of
constitutionality of the act Of 1891 had
been raised, he was inclined to hold it
unconstitutional so far as it relates to
county judges. The case may be APP
Dealed TO the supreme court.