New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-22
THE BLAUT JURY LOCKED CP.
TT HAD NOT REACHED AN AGREEMENT
AT II O'CLOCK.
,.,>.., rr,sr,,,oyy IN THE GASP OF THE PREsI-
DENT or THE MADISON SQUARE BANh
MS CROSS EXAMINATION.

FINAL, TESTIMONY IN THE CAsB OF THE PRIEST
DENT or THE MADISON SQUARE BANK
HIS CROSS EXAMINATION.
,,... ,,,.r.,, in the Court of oyer and Termlner
-, II o.c,ocx last night locked up the jury IN the
c,s, Of Ioseph f. Blaut president of the Madison
SQUARE Bank. who is trial for perjury. Inc
Jurors had been celebrating I'VE hours "''''"
reaching agreement -
Tho trial was resumed in the morning. the cross
examination Of the defendant being taken up "neh
cour, opened Assistant Disrict-Attorney DAVIS
holding the affidavit in which Blaut Is alleged 10
have committed perjury. asked MIN;
"pd YOU swear that the report and the accom-
panying schedule were true?
- assumed I, was true said the witness siow'y.
81 swore TO IT,"
Mr. Davis tried 20 ask the defendant whether he
had not spocuated in Wall-st. and lost heavily
n Few months before the bank failed. but MI
Larterblch objected 10 the line OF questioning
and was sustained
In tho course OF the cross-examinaton Mt
Lanterbach said: 81 think it is right for me to
admonish the witness that he need answer no
question which might tend to incrminate him"
II think" said the Judge. 1T would be Better II
YOU advised the defendant privately"
"Now. Mr. Baut" said Mr. Davis was no. the
h,nk 70 receive 100 shares OF stock from me
Automaton piano Company in consideration OF a
'oan?'
from his counsel, for he replied
Il decline to answer. me grounds That II
would tend incriminate me- replied the WIZ
ness. He frequently made that answer. a., -.
Then Mr. Davis began TO crDss-eXamine the WIZ
ness about the Prescott and Arizona railroad ponds
The witness said that the bonds were oought AZ
s7ie. The nSlcton took place when inc oohus
were selling at %. ,.- 49,
william Francis Cread the next witness ex;
amlne,l He said he was a bank examiner. and had
/ exrmincl the Madison Square Bank account IN
July 1892 He remembered the Fort wayne
company loan which discussed. The witness
sifI thar Cashier Thompson told him that the !oah
was perfectly legal and profitable one.
Cashier Lewis Thompson AMI Bank Sup-er1nLel'i-
ont Preston were recalled by Mr. Lauterbach; Their
reorganization brief. MI lauterbach, thsh
summed 40 the for the defendant he u,-
cared that whatever Blaut did In connection with
,h- Madison square Bank was perfectly honest
for the P,-pule He talked about the Thompson and
Michael transactions He said that these TWO
men were represented in the report as having loans
from the bank. whereas the fact was that neltnsr
had ever borrowed dollar from the BANK ne
also denounced the conduct Of Blaut In not al
/ lowing the $50 coo loan 10 the Fort Wayne Com
| many to so into the report. and said mat II ms
/ kind OF management was not punished the inter
| ns,s 81 tho entlre community would be endangered
| miga Barrett then charged the jury. he re-
| counts i'm the Indictment The first charge was
that he swore falsely when ne signed tne re!ports
| saving that the capital stock had been tuly palu
| nm I'm cash The second and third charges were
mat under the head loans and discounts. less Que
Sr,o,n director" there were included two notes. one
! from Thompson and one from Michaels. which were
| not bona nle The fourth Item was practica!iy a
! repet ition OF the first one.
| Tho hry retired at 6:l0, and was locked up Tor
the night at II O'Clock