The Montgomery advertiser., 1901-11-28
BOND FIXED AT $7,500
Friends Arrange Bond at Once
 and Cashier Departs.
The Indictment is Perhaps the Long est Ever Made in Alabama, Cover ing a Total of e7 Typewriter
 Pages of Manuscript.

Edward B. Young cashier of the Flu faula National Bank which failed, was indicted by the Federal grand jury yes terday on a charge of abstracting iuhos from the bank and converting the same to his own use. The grand jury maoe final report at Il 80 a. m., returning among a total of 72 indictments, the in- dictment against Mir. Young. Half an hour later Mir. Young. who had arrived in Montgomery Tuesday night, appeared in the United States Marshars ofice In company with F. w. Jennings of Eufau- la and Lee H. Well of Montgomery. The latter had power of attorney from George II. Dent of Eufaula. The Marshal an- nounced to Mir Young that his bond had been fixed by Judge Jones at $500, and this bond was promptly made by MT. Jennings and MT. Dent through MT. Well. The party then left the government bulld- ing. Mir. Young left for Eufaula in the afternoon.
 It is understood that the indictment was the last one found, for when the grand jury made a partial report last week they returned 71 true bills. The in dictment consists of 9 pages of closely typewritten matter and Is made up of 42 counts. It Is perhaps the largest tndict- ment ever d. avn in Alabama.
 Charles T. Pollard the foreman of the grand jury, stated to the court that the grand jury following the cus.om or that body in the past, made no written report. He stated that 1l2 cases had been con sidered and more than 600 witnesses ex- amined.
 The grand jury compumented the Unit ed States Marshal and his corps of as- sistants The foreman said the prompt ness of service of pape. and other mat ters could not have been improved on. Judge Jones also took occasion to speak in approval ot the Marshals office after which the grand jury was discharged.
 The Indictment.
 The indictment in the case against Cashier Young is drawn under section b209 or Revised Statutes of the United States being one of the regulations or Congress governing national banks. The defendant is charged in the indictment with making false entries in the books of the Eufaula National Bank while cashier and teller thereof. He is also cha. gud with abstracting certain moneys and funds of Eufaula National Bank while cashier and teller.
 The indictment specifically alleges that two certain fal-e en.ri were made in the account kAown and designated as Wll- liam C. Oates B. This account appears in the inactive ledger of said bank and on the credit side of the accoutn ap- pears two charges, one dated November 2S, 1900, for $J,4-3o3, and the other dated March 26. 1901, for $,,214S9. These two chLr ges are allc ged to be false in this; that the moneys represented by sald obsl ges was not paid out on accoun tof William C. Oates B.; that they were not paid out on any account; that they rep e.ented reduction of the liabiiti of said bank when in truth and in fact the liabilities of said bank were not reduced O. diminished and that they were mado fo, a purpose and with, the intent to decGiVe any agent or the Comptroller of the Currency and with the Further in- tent of injuring and defrauding William C. Oates, an individual person.
 The indictment also charges false en- tries in the telIer's cash book on October 19. 1901. two days before the bank finally closed. The false entry consisted of the cash item which is alleged in the indtct- ment to be for the sum of $4, 1G5.S2 and said entry was false in thts, that said en- try in the cash book represented that there was $4,765.S2 of real and proper cash Item III tHe CASH OI the CaSnleT Wlcn truth and in fact there was only g, JAS. 66 of real cash items in the cash
 The indictment alleges that there were two items In the cash, one for $2,1213L and one for $1 495.S2, which were fraudu- lent and worthless. The indictment al so charges that these sums of $2,l2lS4 and $1, ,495.S2, moneys and funds of the Eufaula National Bank, were distracted by Edward B. Young and converted to his own use and to the use of other per sons whose names are to the grand jur- ors unknown.
 The indictment also charges that he ab- stracted $2,035.90 by securing the pay ment to him of a check by himself as City Treasurer of Eufaula for the sum of g. 90S3. 96. The money for the payment of this check is charged to have been withdrawn from the Eufaula National Bank by Edward B. Young The check Is charged to be dated October 19, 1901, two days before the failure of the Eufaula National Bank.
 The indictment also charges that the Eufaula National Bank became and was the loser thereby in the sum of $2,OS390 and it charges further that this money was converted to the use of said Young with the intent of said Young to injure and defraud said association.
 The trial of Cashier Young does not come up for trial until the May term Of the United States DistEct Court.