New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-01
BIG BANK FRA I'D UNEARTHED
THE AMERICAN EXCHANGE NATIONAL
THE LOSER.
CHARLES E. BARTHOLOMEW. PUBLISHER. AR
REsTED-CHARGED WITH CONSPIRACY WITH
ONE OF THE INSTITUTIONS CLERKS
$4,000 OR $4,000 MISSING.

$4,000 OR $4,000 MISSING.
United States Deputy Marshal Grant yester-
day afternoon arrested Charles f. Bartholomew
publisher at No. - College Place with his home
at Glen Ridge. ~ j.. and took him to the office
OF United States Dstrict-Attorney Plat on
warrant charging him with being a party TO a
big fraud practsed upon the American Exchange
National Bank OF this city. Immediately upon
the prisoners arrival at the Dstrict-Attorney'
office the bank people were told and In a few
minutes Edward Burns. the cashier. accompanied
by Messrs. Cardoza and Nathan. the banks at
torneys, appeared and was at once closeted with
Assistant District-Attorney Mott. The confer
ence was a protracted one, the case being gone
over with great exactness. The prisoner was
present, and IL IS believed made little or no en-
deavor TO deny the truth Of the serious charges
against him.
Upon leaving the District-Attorney office Bar
thOlomew taken to the office Of United States
Marshal Jacobus where, after further discussion.
it was determined not 10 arraign him at once. but
TO remand him TO the Ludlow Street Jail, whittier
he was taken at 4 o'clock. Efforts are making to
arrest Barthoomew's associate In crime and II
was the belief OF the officers that this end might
be served best by keeping the case as quiet as
possible
1t appears from the information filed against
Bartholomew that he had entered into
conspiracy with one Of the bookkeepers OF the
y
a scheme Of fraudulent entries whereby the
banks funds might be misapplied and the two
partners could derive substantial gain through
division of the proceeds. The bOokkeeper In
question whose name Is withheld upon request,
and who is a fugitive from justice although in
the United States had charge of the individual
ledger In which kept the account OF Barthol-
omew Bartholomew had tor several years been
a customer Of the bank and usually carried a
far-sized balance He was In the publishing
business at No. % College Place. and conducted
an average trade 1t is charged that the scheme 10
rob the bank laid down upon these lines:
The bookkeeper from time 10 time entered credits
to Bartholomews account that did not exist;
then Bartholomew in turn checked against these
fictitious balances and the two men. 1t Is de-
clared. divided the money thus dishonesty Sc
cured The bOokkeeper could manipulate the
deposit book as well in writing up Bartholomews
account monthly quarterly, and make 1t agree
with the entries which he had accorded his
friend for deposits never made.
This thing went on, II Is SAID, TWO or three
years until finally there came a tangle In the
balances that could not be explained or hand
While the bank officers were engaged In an
effort to straighten out the books the clerk dis
appeared. This only few months ago
Since then experts have traced down TO the Bar
tholomew account the real reason Tor the mixed
State Of affairs and also for what Is now known
To be a shortage in the banks funds OF between
$50 900 and $4,000.
This amount. IT Is believed, was divided be-
tween the clerk and the customer. AS soon as II
became reasonably certain that the guilt lay
with these two men steps were taken to bring
them to Justice Mr.. Bartholomew has been
under surveillance for some days past The
wherea bouts OF the absconding clerk are believed
10 he fairly well known, and It Is possible he may
be under arrest before Tomorrow