Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-10-24
FORGERY IS CHARGED.
Sequel 10 a New York
Bank Failure.
OFFICERS UNDER ARREST.
Judge Has Signed Warrants For the
Apprehension Of Others.

NEW YORK, Oc. "a -Four officers and
directors Of the Madison Square bank,
which failed last summer, we're arrested
last night, one surrendered himself and
gave bail, and the police are looking for
others.
The grand jury will consider charges of
forgery against the officers Of the defunct
bank. The proposed action leaked out
through the visit Of Lawyer Untermeyer,
counsel for the receivers OF the Madison
| Square bank, to Assistant District Attor-
ney Lindsay yesterday afternoon. To
gether they went over the failure OF the
bank and discussed AT length the criminal
liability Of some OF the banks officers.
Mr. Untermeyer told Mr.. Lindsay that
between s2oO,OO0 and 600, 90 had been
! illegally obtained from the bank. and that
some one was guilty Of forgery. The
| froofs OF his statement he gave TO Mr..
Lindsay and also gave him list of the
directors OF the defunct Institution.
Mr.. Lindsay Informed Lawyer Inter
meyer that to his knowledge the Madison
Square bank had been insolvent for the
past six months. After examining the
proofs submitted to him. Mr. Lindsay
pronounced 1t "A clear case Of forgery. He
said he would go before the grand Jury
and lay the facts before that body. Vice
President Cannon Of the Fourth National
bank, who is one Of the receivers Of Madi-
son Square bank, declined TO discuss ths
action OF Mr.. Untermeyer. Mr. Cannon
said that Mr. Untermeyer had full power
In the matter, and that a criminal action
had been decided upon.
The directors Of the bank, as given In
the copartnership directory, are Frederick
Il al
cher James ID Leary, Ronald T. Often
berg, Andrew Soulard, Joseph f. Blaut.
Lewis Thompson and Charles T. Zelover.
President Blaut began his business career
in this city AS waiter and part owner in
Third avenue eating house.
Joseph +. Blaut, pre- 'dent; Lewis
Thompson, cashier, and Ronald L. Nc
Donald, a director Of the defunct Madison
Square bank, were arrested at the Hoff-
man House last night, whilst attending a
meeting Of the directors. They were
taken down To general sessions, where
Judge MARITIME, in chambers, was awaiting
their arrival
e Bail Furnished.
They had barely reached the court when
they were joined by Edward L. Stokes,
who qualified ia 20,c00 for Mcdonald and
his bond WAS accepted A DIR. TUFTS pre-
sented himself as bail for Thompson, but
as he was not personally known to the
judge and no one in court could identify
him his bail was refunded. No one APP
peared TO bail out Blaut. and the judge
told Mr.. Grady, their counsel, that he
would open court early In the morning to
receive bail.
The charge against them Is forgery In
the third degree in altering a promissory
note issued by the Fort Wayne Electric
company, drawn in June, 1893, for S40,-
S96.73, by feloniously adding to the en-
dorsement the words mot negotiable only
in accordance with contract under which
notes have been made"
The Judge stated he had signed war
rants for several others of the banks off,
GERS. At 1880 p. m Adolph Kaleche, an
other director Of the bank, was taken before
bankruptcy" Max Danziger of IL East
Seventy-ninth street qualified as his bonds
man In 5000.
Frederick Uhlman, another director Of
the bank accused of fraudulent insolvency,
went To the general sessions and surren-
dered himself. He was accompanied by a
bondsman and was free again in a few
minutes
II is learned that the grand jury has
found against the accused bank officers a.
follows: President Blaut is indicted for per-
jury; Cashier Thompson, misdemeanor;
Director Mcdonald, forgery In the third
degree and misde meanor; Directors Kali
ischer and Uhlman, misdemeanor.