Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-08-02
TRUST BETRAYED.
Lawyer VanderIip Of Boston, a
Confessed EmbezzIer.
Admits 100000 Shortage in One
Estate--0thers Say $4,000
Arrested, Pleads Not Guilty and Held
in $1,000.

Boston, Aug. by his own adrniS-
| sion, Willard c. Vanderiip, promi-
nent Boston lawyer, who has for years
| had the care of several estates, is
guilty of embe2zlement and the estate
| of the late George IS. Emerson of which
| he has had charge for IS years, has
| been used in ways, of which Mr.. Van
| derlip is unable to give account. Mr.
| Vanderlip says that the amount in
volved is somewhere around 500, 1000
| Colonel w. ID. Schier and John To-
well. who are acting on behalf of the
| estate. however, declare that 100000
| has disappeared. Col. Schier has stat
| ed that having given Mr.. Vanderiip a
| reasonable time in which to adjust
matters, as no settlement has been
| made, he win take steps for the prose-
cution of the case.
Vanderlip was formally placed under
| arrest at 1.30 p. NJ. at his home by In
spectors Hougllton and Harris. The
charge was the larceny of four bonds
Of the Northern Pacific and Great
Northern Railroads valued at $4,000
from John Lowell. The warrant was
sworn out by Col. Schier.
When arraigned in court, the defend
ant pleaded not guilty and was held in
$4,000. He was sent to the Tombs in
default of bail.
Vanderlip is well known, as for 80
years he has acted as confidential
agent of numerous law firms in the
city in the care of estates, the colec-
ton of dividends, the purchase and
sale OF securities and the disposal of
real estate. In, this capacity he acted
IlldOn TON =
Lathrop, Judge Lowell and others.
When the late Judge Lowell left the
bench of the United States circuit
court and resumed the active practice
of law. he invited Mr. Vanderlip to
take desk room in his Office so that he
could handle affairs connected with The
office. involving the investment OF
money In such esteem was he held
that upon the death of Judge Lowell,
John Lowell. who succeeded to his
fathers business, and VIM. ID. Schier,
Judge Lowells nephew, requested Van
derlip to remain in the office.
Judge Lowells widow, a lady now
nearly 80 years Of age, was the daugh-
ter of George r. Emerson, once a pro-
prietor of a Fashionable ladies' school
in Boston. Upon Emerson's death IS
years ago, Mr.. Vanderlip was made
trustee of the estate, with Mrs. Lowell
eestui qui trust. He gave a bond be-
fore the probate court in the sum of
100000. The names Of the sureties TO
this bond are John Lyons. a Beach
street liquor dealer. and w. James
Starbuck, a Hanover street dentist
Mr.. Lyons declares he never signed tho
bond, but when the existence of such a
bond became known to him he concluded
he would not prosecute anyone unti
obliged TO do it to protect himself Mr.
Lyon says he has known Vanderlip for
many years and has always held him in
high esteem. DR.. Starbuek says he never
knew anything about the Emerson estate
About 10 days ago Mr.. Lowell missed
5000 worth of railroad bonds from tn.
property Of the Emerson estate and con
iided the matter TO Col. Schier. 1t was
decided to lay the case before the public
and in company with two inspectors.
Messrs. Lowell and Schier confronted Mr.
Vanderlip in his office. In the presence
of the officers Mr.. vanderlip said he
made threads on the Emerson estate until
much Of it had been swallowed IN. The
reports of the finances which he had been
submitting were fictitious, the money hav-
ing been used for various purposes. Mr.
Vanderlip asked for time, saying he
could make restitution as he owned some
little property at Cottage City and else
where.
lie told of the difficulties he had en-
countered, the care of sick daughter and
numerous drawbacks which have caused
him great worry and mental distress. He
IN ,l,.-
the missing funds said to have amounted
to total of s200, 900 The lawyer turned
over 5000 worth of bank shares. equity
in property carrying two mortgages, said
to be of little value, and interest in a
Cottage City hotel worth about $1,000.
As his books and check books had been
destroyed, Messrs. Lowell and Schier find
It difficult to tell how things stand AS 4
complete settlement appeared remote and
10 days grace having expired. they lpstj
patience and resolved on vanderlips ar
rest.
The latter feels his position keenly and
appears to be in III health He is about
G5 years Of age and has a family who re-
side on Berwick Park, South End Mr.
Vanderlip is high up as a member Of Sc
cret societies. In discussing his trou-
bles Mr.. Vanderlip said.
1T is true that there was defalca-
ton 1t was somewhere around 100000
but not s2oo0o0, as stated. After / be-
came executor of the Emerson estate the
affair started and the money was usei
in different way. 1t was secured from
real estate and securities as well as mon
ey. The loss to the Loweils will not be
heavy and they can stand it, | have
given real estate / owned and all the
money had TO settle the matter and ar
ranged to pay up the balance in time /
thought the matter was all settled but
now this viii ruin myself and family"