New-York tribune., 1901-09-12
NAY BE INDICTMENTS.
REPORT THAT WARRANTS ARE TO BE
Iss1TED IN SEVENTH NATIONAL CASE.

The report that several indictments had been
found by the Federal grand jury. which has
been investigating the recent failure OF the Sew
enth National Bank caused stir In the hnan-
cial district of the city yesterday. 1t was fol-
lowed by reports that warrants for the arrest of
some of the persons concerned in the banks
failure had been issued and were to be served
in the afternoon, but the reports were contra
dicted later and it was ascertained that
rest in the bank case had been made up to
late hour last night.
The Federal grand jury filed into the GRIM
inal part of the United States District Court at
neon yesterday. and Judge Lacombe. who was
hearing civil cases. stopped the proceedings to
receive the report The foreman handed up
number Of indictments. and after examining
them Judge Lacombe said:
II will issue bench warrants in these cases.
I suppose this afternoon will be time enough
Assistant District Attorney Baldwin agreed
and the jury filed out. Mr.. Baldwin declined to
saw who had been indicted. and when asked
whether the indictments were against the bank
officials he refused to throw any light upon the
situation Later he denied the report that
warrants had been issued for the arrest of per-
sons connected with the Seventh National Bank
failure. and added that the grand jury had not
finished it's deliberations in the bank
Some time after the banks failure it said
that the Federal grand jury was investigating
charge that the failure was caused by the
certifcation of checks of the firm of Henry
Marouand & Co The firm went into the hands
Of an assignee after the bank failed.
Early yesterday afternoon ex-Judge w. M K.
Olcott went to see Mr. Baldwin to inquire
about the report that warrants had been issued
in the bank case. Mr.. Baldwin understood that
Mr. Olcott made the inquiry on behalf of his
client Frank B. Poor. member Of the firm OF
Henry Marquand & Co. Mr.. Olcott was unable
to get any information about the indictments.
and did not learn that any warrant had been
issued for the arrest of Mr. Poor. To re-
porter OF The Tribune last night Mr.. Poor said
at his home. in Hackensack that he had no in
formation about the nature of the indictments
found yesterday. and did not know who had
been Indicted.
Mr.. Baldwin was yesterday afternoon by
Fletcher s Heath vice president of the bank
and brother of ex-Assistant Postmaster-Genera
Perry S Heath. who spent some time in the
Assistant District Attorneys office. When he
was leaving the building Mr.. Heath declined &c
explain the purpose of his visit.
Later Il was learned that Mr.. Heath had of
fered 10 go before the Federal grand jury. and
that Mr. Baldwin had told him to appear next
Tuesday.
ITpon leaving the Federal Court Building, Mr.
Heath went In all haste 10 the office of William
H. Kimban former president Of the wrecked
banking institution. who had been one or th'
principal witnesses in the case before the grand
! Jury He was closeted with Mr.. KimbaN fo
more than half an hour. during which tim'
/ Mr.. Kimbal denied himself TO all callers
| Shortly before the arrival OF Mr.. Heath. Mr.
! KtmbaU saw a reporter. who acquainted hin
/ with the fact that indictments had been re
turned by the grand jury. Mr.. klmball listened
/ in an unconcerned manner. and said that ne
/ had not heard of any indictments. and that nc
/ attempt had been made to serve a warrant or
/ him.
, Mr.. Heath on leaving the office Of Mr. KImbai
/ went 10 the National Bank OF North America
| where he remained FOR some time. returning
! later 70 the ONCE OF Mr. Kimball, with whom
/ he again conferred Icng and earnestly.
Mr. Baldwin was frequently pressed for in
| formation about the indictments that had beer
/ handed up but parried all questions which
| tended % compel him either to affirm or deny
| the report thus cnusing the ruInor TO survive
/ throughout the afternoon and when UniteC
/ states Marshall Henkel AMI several OF his ald
| left the Federal Building hurriedly about
! o'clock II was expected that there would b
arrests the bench warrants, three in number
| which hed been issued To the District Attorney
! Mr. Baldwin finally explained that when al
! investigation was conducted by a grand JuI!
| indictments were sometimes found before IN
| investigation was ended, and that the warrant
were issued and that the District Attorne!
would hold both indictments and warrants untl
/ the inquiry was over. Mr. Baldwin refused
! however 10 admit that this explanation implied
that the indictments which he had we're in tn
Seventh National Bank case, and he finally salt
| that nothing had been done in that case ant
| that nothing would be done before Friday, as tn
| investiga ton had not been completed.
| When pressed still further for information a
| " the indictments in hand. Mr.. Baldwin SAT-
/ that the interests of justice demanded that ao
soluteiy no information be given
THE PLAN OF REORGANIZATION.
T, yvns learned yesterday that the piah Oh Icof