St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1893-11-30

here ever vas such an institution y
was "a course the plan 20 aase one
hsnk support the other aud % Keep
both running BY transferring ae-
counts
NJ Miles also sscer'ainrd that
Brewer had leit town Monday, ieav.
nR the cashier 10 ruu the bank with
DOT auy lsads aud taking wiih BIN
S4SOO 70 certified chccks
Pretty soon small checks began 20
be- presented fof patmrut The hrss
one as srnt 90 che Bariou National
hauk 81 cea.ecties Cashigf Dewey
cse<atd 90 Cnshief Ne,nt. Who
immediately started out iof leads 90
meet q. Director Oscar y OScn
came "a thr rescue. writing ni- owG
check for BE- amount More chicks
came curing the past Week aud only
last Monday one 81 the ~ Johns
bufs banks sent one for $50 up 90
the state Bank for payment Al
the cheeks clctpi ihg hrst cue wrnt
90 protest
States Attorney Mics ard Cashier
neiur saa early last week that hes
had been daprd and began e. take
measures 10 arrest the swindlef Nj.
Brewer was tclrgraphed ior and be
came % ron New Yufk last Thurs.
day night. little sBspccting arrrst.
One II Brewers hrst acts was 80 try
20 compe, lirine 90 certify 90 $1,000
more ~ checks This the cashier &C.
fused 10 do and Brewer drew a re-
volver ou him to emphasize hIs com
maed Hcine captured the pistol
and soon after that Brewer was ar
rested Brewer protested snt swure
rOaEdly 81 rs arrest aud 5cgged
not 70 bc taken e. Jah tie said his
family connections in New York
were the best and that bal could be
furnished He was Kept with tie
deputy sheriff until saturday a hen
be was taken 90 th@ county jail al
Nespoft jest 81. be sas having
the leput at Newport. bsIl came by
telegraph IRON George a. Morus oi
New furk rFutah'f auorneg
BE- Ngr vas hrr man and be- lcii
Barton saturday night. bot has not
hcs heard ir1m boo New Y1fk as yci
Saturday sour attachments were
pui on ibe bank property by
hauou poapls " ho had not received
psy iOr htnug up hc NV establish
ment There j. 7t least s4O0 worth
OF book. and stat1nrrv Including
engraved calendars lor 1894 aud
pth.r expensive advertising matter
fhr banking hxturcs cost about
$500 aId n.ludrs a big see, roller
iup drks. SIS nc sate = "a the
depot With fhs freight biH urpsti
Tbs above ihs histarg 90 brief ai
The rise and fali 81 thc state bank Ut
ba.tcn. 'skr manv another 81 .s.i't
u looked lcgitnna,, "a psAer. but is
dealings were Tar from honorable
from start 10 finish. Fortunately
the people Of this section will not
lose anything How much .raud |
was started by the American Invest
ment Co. with the New York banks
Is not known 1t is believed that
some stock was sold in New York
and checks have been cashed there ]
Its conception was a bold one and
its end came none too soon. State
Inspector Dubois arrived on the
scene Monday, but his services were
not needed The bank had opened
its doors and then closed them b.
fore any investigation was made.
The end came sooner than was ex.
pected and before Brewer could take
any money from the Barton people
7. {. Brewer. the Napoleon Of
finance who organized the bank. is 2
smooth-faced man of about 30,
fluent talker and just the ki1d o. a
man to be engaged in such business.
He was the only one that ever D.
peared in Barton, except Mr.. Heine.
No blame is attached to the latter
gentleman, who is deeply grieved to
have been connected with any such
crookedness.
The New York papers state that
the Brewers and Joseph A. Lord have
all moved from helocations given IN
the city directory, and that the
address OF Lawyer" Morris is un-
known The New York sun says
that the American Investment Com
pany is not in existence and that Mr..
Brewer is an old swind!er, having
organized last June a bogus land in-
yestment company, which netted him
$500 from three parties. One OF
these parties sued Brewer, causing his
arrest aud imprisonment in Ludlow
street jail for one month.