The San Francisco call., 1899-12-24
EX=PRESIDENT OF GLOBE
BANK IS UNDER ARREST
Charles Il. Cole Charged With En-
bezzlement and Misappro=
priatiOn of Funds.

LOS ANGELES. Dec. 2s.-As a result
of the closing OF the Globe National Bank
- Boston last Thursday. Charles II. Cole.
Who until last September had for
thirty years been president Of that insti-
luton. gas at an early hour this morn
ms arrested al the Hotel Redondo and Is
to-day detained at his apartments at the
Van Nuys by United States Marshal Os-
borne. A complaint and warrant for
Coles arrest started by mail from Bos-
Ton Tor Los Angeles this morning. II is
said that President Y H. Stevens Of the
distressed bank. who succeeded Cole last
september. swore 10 the complaint
The complaint charges Cole with the
emhezzlement and misappropriation Of
$4,000 of the banks money. There are
-FOUR counts in the complaint The Fed
eral District Attorney of Boston to-day
telegraphed United States District Attor-
ney Flint 20 arrest Cole and hold him In
ban that viii be IN keeping with the
grave character OF the charge.
cole came with his wife and son 20 Los
Angeles from the East last Sunday Mrs.
Cole is In poor health. and II - stated
that the family intended 10 remain here
during tho winter. They took handsome
apartments al the Van Nuys and lived IN
good style. The son. Edward B. Cole. IS a
young man ~ about -.
when United States Marshal Osborne
applied for admission 20 the apartments
occupied by the Coles he was refused ad-
mittance and greeted with the statement
that Cole was not in Los Angeles. sec
old visit brought young Cole 10 the door.
He was informed that a warrant had been
ISSUED FOR his fathers arrest, and that no
advantage could accrue TO his father uy
remaining IN hiding. t such were his In
tcntion. The Young man answered that
h.s father was not IN the hotel and then.
while the officer took seat IN the sons
room. the son informed his mother OF the
officers visit
Mrs Cole Immediately dressed and re-
ceiNeQ Mr. Osborne. She Is greatly DIS
trcssed over the turn her husband al
fairs have taken. and she spoke bitterly
ot the action Of the bank people. They
knew. she said. that her husband has
been perfectly honest On his thirty years
dealings with the bank.
After a discussion lasting half an hour.
Mrs. cole decided 10 tell the officer where
her husband was. on hearing of the bank
suspension the day before her husband,
she said. had gone 10 Redonao 10 avoid
newspaper reporters
Mother and son insisted that cole had
no intention OF running away. ana the
young man offered 10 accompany Deputy
Marshal McCulloch - Redondo. Accord
irgly, carriage containing me oineer
and young Cole started for the beach Al
. o'clock This morning. Deputy McCul-
loch found the cN-hank presldent asleep
az the Hotel Redondo. The officer re
turned TO this city with the father and
son by the carly train from ihe beach.
Ia the absence OF "A warrant of arrest.
Mr. Cole was allowed 10 remain in MS
room al the Van Nuys. pending an APP
pearance before the United States Com
cole summoned Attorney william J.
liUnsaker and the attorney spent conSln-
erahle time with his client The banker
declined 10 see reporters. sending word
that De has nothing to say Tor publlc1lon.
A dispatch from Boston this afternoon
saws That Warrant Tor Cole ar esI
charges him with wilfuily misappropri4t-
iar The funds of tie Giobe BanN- Four
weeks nCo. the dispatch adds. Cole turned
over % thc bank hls private fortune ot
million and "a half and lt was believed
that the restitution was complete.
The eN-hanksr is sclf-pu7scssed. ana
control of himself Cole when seen TO-
ulEht ln conversation. said that lie
gladly accompanied The officer 20 Los An
Gelos ana that he hao no intention OF dis
Aiy absence from Boston is only tenn
porary." he said. 'aud hope ! VIII not
have to be returned There in the company
Of officers"
Inspeabdng 81 the charges against him.
De- said. u cannot discuss the affairs of
The bank. In The absence y any ot my
associates I woUlG Not do this. During
fry long incumbsncy as prcs dent Of tie
hank there have been oNer-lcans. but
these / made good from my private for-
tune This ] can demonstrate 10 any one
entire satisfaction. ! intended 20 return
60 Boston as soon aS my Wiie'S health
would permit - an Hcr all charges and
aisproye OF explain everything that may
hc asked. I must abide by my attorneys
advice and refrain from saying anything
more"
Young Cole seemed cst0unded az the ac-
ci.satiOns against his father While de
cilring be knew nothing definite ~ hiS
father'e affairs and while not authorized
20 speak for him. said trat the only cN-
r.auafian De- could iwarine Tor bringing
Dos father iutO tho case waS thar the see
mn j. snHH IHH#Hs. ID fHs4H-
loans had been rendered insufficient hy
reason ~ stock Nucfuati0us. He stated
that hls father owned copper mines In
I-tah. or an interest ln them. and Intended
So make an inspection ~ thc properties
Ou his waN hack 20 l1sfoU.
Judge 3ursal-er when seen said. Until
the papers arrive from the East. which
will be on Thursday. Do further move viii