The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-10
PLACED In CUSTODY
DIR. J. C. MOORE SURRENDERED TO
THE sHE..IFF ny BONDsMEN.
President of Two Banks and an In
surance Company Who II Charged
with misrepresentation Funds.

MANCHESTER, n. H., Dec. e.-Dr. ]. G.
Moore. ex-president of the Peoples Fire
Insurance Company, now In the hands Of a
receiver, ex-president OF the Derryfeld Saw
ings Bank and OF the Commonwealth Ma
tional Bank, both OF which went TO the
wall about two years ago as a result of
alleged acknowledgement and the misappro-
priation OF funds, was to-day surrendered
by his bondsmen and placed in the custody
of Sheriff Daniel Faley. DR.. Moore was
under indictment. on three counts for al
legged frauds In connection with the man.
sgement of the Derryfield Savings Bank,
the indictments having been found two
years ago. The first indictment charged
him with making false returns to the State
Commissioner relative to the condition of
was charged with having borrowed the
funds of the, bank as president of the in
stitStion contrary to the laws t0sr OF the state
brought into court on these indictments
and 1t was generally believed that they
s wS1a hoWever that the report circulated
last week, which was found to be partly
true. at least, that Cashier Daniel w. Lane,
of the Merchants National Bank. was in
VOWED by the manipulatons Of DR.. Moore
and that $40, 900 worth of worthless paper
placed in the bank had TO be made good
Dy Cashier Lane, influenced Moore's bonds
men, r. G.. Sullivan and Hon. Hiram d.
Upton, to take action to-day.
The announcement that DR.. Moore had
been delivered into the custody of the sheriff
created a decided sensation in the city.
The circumstances attending the downfall
was connected are still fresh in the minds
of the people and a crisis in his career
was not unexpected by many. His alleged
dealings with Cashier Lane. whereby the
latter was compelled to make good over
$4,000 worth of Moore's paper. which was
deposited with the Merchants National
Bank. have been the subject Of widespread
Judge Nathan p. Hunt. president of the
Merchants National Bank, was seen by
statement: Last I summer. t soon O after I
was elected president of the Merchants
National Bank. l discovered that Mr..
Joseph e. Moore was kiting checks through
the institution and at once notified him and
the cashier that 1t must be stopped Later
on We received from him for credit to
his account many checks which were pro-
tested. and on Sept. q we voted to close DIR.
Moores account and have no more business
with him, of which action he was informed
in writing. and MIR. Lane, the cashier, was
told orally. On the 9Th of November, when
Mr.. Heard. the National Bank examiner,
appeared TO make the usual examination,
Mr.. Lane called me aside and told me
that. instead of having about $4,000 to our
credit In the National Bank of Redemption
In Bos an, as our books showed, and as we
suppose. our account there was slightly
overdraNn. He then said he had used the
money in cashing DR.. Aioore's paper, which
thing over 5000 has been paid on the
protested checks. Mr.. Lane at once re-
signed his position as cashier and trans
ferred to the bank all his property, which
was sufficient 10 make good the banks
loss"
DIR. Moore stated this afternoon speak
Ing relative to new bondsmen, that he ex-
pected to be successful I'm securing them
soon. DIR. Moore is also i'm financial diff
culties at Nashua, n. H., having been de-
clared under contempt Of court by Judge
Edward L. Parker, In the Hillsborough
county Probate Court to-day. Dr. Moore
was summoned to appear before the court
on Nov. 10 in answer to a petition filed
by N. G.. Hunt. j. III. Weston, T.. Il. Wes-
ton and Grace FL Weston. executors of
the estate of Ex-Governor j. a. Weston,
for an accounting OF Dr. Nfoore's guardian
ship OF Nina II. Brookhouse of Manchester.
The Documents also incIuded petition
from Frank Dowsk and Alonzo Elliott.
bondsmen for DIR. Moore as guardian, that
the defendant file new bonds. The petit
TONERS stated that the case Will be pushed
before the Probate Court, which meets
Tomorrow