The daily morning journal and courier., 1903-08-05
SHERWOOD IS BOUND OYER
HELD FOR TRIAL UNDER BONDS
 OF $s5, 900.

Southport Bank EmbezzIer Arraigned
 Before Judge Piatt i'm Hartford and
 Pleads Not GuiIIy-An Understanding
 That He Can Change Hts Plea if He
 so Desires-Prisoner Very Cool.
 Hartford, Aug. 4.-Oliyer T. Sherwood, the cashier of the Southport National bank. who is charged with embedding funds of the bank to the amount of $100,O0 was arraigned before Judge Platt in the United States district court at 6:3O tonight on a bench warrant. Through his counsel, Arthur L. Ship man, he entered a plea of not guilty and was bound over to the August term of the court under bonds of 5000. It was understood by the court tand counsel that the prisoner, if he desires to change his plea in the interim, shall have the opportunity given him. This concluded the business of the court, to hold which Judge Platt came from Meriden on the train arriving here at 6:SO.
 Sherwood arrived in New York from Panama on the steamer Ceguranca this morning, and he was immediately taken to this city for arraignment. Had he plead guilty he would have been sen- tenced at once. but as he failed to do so he is now at the Hartford county jail. where lie will remain until his trial unless he procures bail. He came into the United States without extradi- tion papers. and he apparently is anx- ious to face his accusers and have the ordeal over with as soon as possible. Although he has no money with him he expects to get bail. When asked as to that probability by an Associated Press representative after his arraignment to- night he smilingly replied: 'Oh, $25,000 is not very much money"
 Does that mean that you can raise dt?" was asked
 You have to ask my counsel that question:. was the evasive rejoinder, tas have been told to avoid talking"
 When Sherwood, accompanied by Sec ret Service Agent Trieste and United States Marshal Bishop, arrived here on the 4:15 train this cafternoon United States District Attorney Francis H. Parker Of this city was busy at wire and phone trying to locate Judge Platt. He failed to do so until about o'clock when the judge telephoned from his home in Meriden that he would come to Hartford on the first train. In care of Marshal Bishop, the prisoner was kept in room adjacent to the court room. where he chatted quite freely with those who were present, including an Assoc. ciated Press man He was dressed in a white crash suit, the typical garn of the Panama gentleman, and as he puffed a tobacco cigarette he talked freely of his trip to Panama and his stay there. He would answer no ques- tions, however, having a bearing on his case, but promised to later on enter into the details for the benefit of the public. He expressed emphatically his opposi- tion to fragmentary interviews.
 Asked if the report was true that he had been practicing medicine while in Panama he admitted after putting his cigarette and thinking deeply, that he had, and that he enjoyed his work very much.
 What impressed his intervieWers most was the coolness of the man, his differ ence to his immediate surroundings and his utter -chalence. He had appar- ently steeled himself for the ordeal and appeared to be buoyed up with the hope that everything would come out all right so far as he was concerned.
 Sherwood was asked if he had any choice regarding the jail he should be taken to, and ne smilingly answered, t'none, gentlemen; I am in your hands.
 Sherwood was indicted at the May session of United States district court in this city, a true bill being found against him which alleged that he fraudulently, unlawfully and felonious- ay embedded and converted to his own use funds and credits of the Southport National bank to the amount of $lO0,000, one note being for $2,500, bade by his guardian, M. P Sherwood; one note be- ing by S. o. Minter for $250; one note made by e. c. M. Gilman for $5,000; two notes made by A. R. Specht & Co.,, of New York, for $422.69, and six bonds of the Canass ian Southern Railroad conn pany for the sub of $1,00O each, and all of the value of s25,175.6S, belonging to the Southport National bank. It is fur ther alleged that while acting as cash fer of the Southport bank he misapplied part of the money, funds and credit of the bank amounting to $22,6S5.57, with amount he loaned to A. R. Specht & Co.,, of New York, without entering the loan on the books of the association as an asset thereof, and as a claim against Specht 6 Co.,, and without taking any securities or description to secure re- payment of the loan.
 The indictment further alleges that on the 18th day of April, 1903, at the town of Fairfield, Cashier Sherwood did .unlawfully make an entry in the debit side of the ledger of the bank of $5,- 154.53, which entry purported to show that the sum named had been paid out by the bank on the account of F. P. Sherwood, treasurer of the town of Fairfield, thereby reducing the liability of the bank to F. F. Sherwood to the amount named.
 A false entry in the account of the National Park bank of New York, is al- legged to have been made May 2, 1903, which amount was not remitted to said National Park bank. It is allege fur ther that on April 17, 190S,' the prisoner did unlawfully make and cause to be