The Providence news. (Providence [R.I.]) 1891-1906, 1900-03-28
Mcclure Admits That He Borrowed tho
Entire $145,000 From Musssl
BELIEVED II WAS LATTER'S MONEY
Mr.. Muir. Temporary Rso,lVsr. Has Arnd al
Rutland and Taken Chargs Of Affairs Of
Bioksn Merchants haloaaI Bank

Rutland, VT, March 2s.--charles w.
Mussey, the self-confessed defaulting
cashier of the Merchants National
bank. is not likely TO be heard in court
Friday, as INTENDED, by reason OF the
absence of District Attorney Martin Of
Brattleboro, who is in Texas. A tele-
gram has been received from Mr.. Mar
tin saying that he has started for Rut-
land. Mussey is In a pitiabe physical
condition, and some of his friends fear
that he will not survive his trial.
George s. Newell of Boston. attorney
, for the United States Fidelity and
Guarantee company of Baltimore,
which concern was represented on
Mussey's bond for $4,000. and Secre-
tary George II. Calls, of the same
company, are here. but both decline TO
discuss what action, IL any, will be
taken against the cashier.
The chief interest now centres around
Mr.. McClures affairs, and he is cred
ited with saying that while he bor-
rowed OF Mussey all OF the s145000, he
adds that he thought the money came
from Musseys personal resources lie
also is quoted as saying that Mussey
the transactions. III. o. Edison, whose
name has been brought into the case.
is alleged to have said that he re-
ceived per cent for endorsing notes.
but as he thought the money came
from Mussey he did not keep track Of
the amounts
Temporary Receiver ID. D. Muir ar
rived from Washington yesterday and
took charge of the bank without delay
and Will make an examination of the
books.
The financial condition of the other
Rutland banks is Of the best and all
have prepared for whatever demands
might be made. AS yet there has been
no other cali for money by the depos-
ftors, showing that the people of Rut-
land have great connd ence i'm the in
stitutions of the city. III. o. Carpenter.
business man, went to New York
sunday night and secured a loan Of
$4,000, which he placed at the disposal
of the banks.
AS the events would lead one TO sup
pose the defalcaton has caused much
talking and the speculation is all about
McClure's piano business and how ii
absorbed the sli5,000 missed from the
bank
Musseyis still at the county Jail, and
IL is not likely that anyone will try TO
raise Si00, 900 bail. The charges in which
he VIII be heard, unless he valves the
reading OF the same and is held for the
grand jury, are larceny, embezzlement
and misapplication OF the funds of the
bank
There weren't many developments in
the case yesterday. The cashier having
been examined by the official board OF
the bank and attachments having been
levied on the property of NJ. A. Nc
Clure, on whose notes Mr.. Mussey
claimed to have advanced the money
missing from the bank, and of Henry
O. Edison, who endorsed McClure's
notes, there was little further to be
done until ID. ID. Muir. temporary re-
ceiver of the bank. shall arrive. Mr.
Muir. ii is understood is in Washing
ton in conference with the comptroller
and the bank officials do not know just
when 10 expect him.
As far as can be learned nothing has
developed TO show in what way the
money has been usel 1t is said by
those acquainted with Mr. Mcclure
i that he never has been known as
speculator although there is a possi-
bilty that he may have had dealings
with bucket shop operators without
even his friends becoming acquainted
with It.
twas thought yesterday that the de-
positors OF the bank would be paid in
full. but there was considered To be no
possibility that the bank would re-
sumo business