New-York tribune., 1903-01-20
R4NK OFFICERS TRIAL.
Former President and Paying 1ehe'
of .Seuenfh National an Court.

v-uIia,n II Kimoan formerly president OF the
so,,entb National Bank and Gamaliel w Rose
,,szipg teller Of the bank, were placed on ulAI
terday in The Criminal Branch of the Chlteo '''''0
Circuit Court Judge Thomas presiding on c"H1 i
of having violated the National Banking law
,,iob ree,,lted in the suspension of business by
the hank. .;o1
,rssrs t5irn1au asd Rose were placed on trlal
on an Indictment charging them win 'he ~ ~
c.r+iaca1ion Of checks. These checks were 'hoSe
. n, ,srrn Of Henry Marquand & Co kdwaro
Iauterbach appeared counsel Tor MI hiiIt"' M ~
and Lorenzo Semple Of the firm Ga C~ou-,t' ~
Brothers looked after the interests OF MI, -
Assistant Tinted States District Attorney balu"n
s.,..o7 tho case for the government Generai
4s,,rnat, The I-riced States District Attorney, "
also present and made suggestions occaslonaiiS ~
his assistant. ,, ,o;,o5
IN the iirv that since 1882 under the Na'lor"i ~
1,-uinr law any officer of bank who ceruneo
checks when there was not enough IN the DaIh ~
TO meet them guilty OF d Illsuelii
s,i,e 70 the specifications in the indictment MY
BALDWIN said that he would produce evidence u
- ,bat afessrs Kimban and Rose IN June
7ao1 certified checks for Henry MarQuand q %
when the firm did not have the money LOT tile
taol,s ~, 6eposit in the bank. Mr.. BALDWIN de-
ares that daily from June s. 1901. TO June % ioI
checks of Marquand & Co were daily ceF' Ds
NJ Pose and Mr. Kinbali for amounts ranging
from, $4,000 TO 100000. The ceruhcauons "eto
made in the morning Of each day, MT bdiu"I
cd and q
c,,and & Co did not have the money In me palAh
= 80 -he checks In the afternoon OF each
dax Mr. Baldwin said. Marquand & 90 "ouiu ~
7enosft with the Seventh National Bank unc '"eo
checks on the National Park BANK suiN'ien. .. -
amount 10 equal me aino1AiN "a W
sn the morning -,
-rhToueb the deposits Of these checks, it was al
reeed the bank able TO keep a correct Ddlanco
Of the account with MarQuand q % MI neiu"
+.+aa that these checks deposited in me
,,,-;-, 1I,,,se became cognizant Of the Trans
actions. On June q the Seventh NauoilaI DAN Dam
..,t ;n-o the hands Of national bank eAaIiiLeiS'
"a II mas found that through these TRANSACTIONS
4be firm OF Henry Marquand d Co was lnueo'eU ~
,he hank l. the amount Of $l4co0p
,.aorge X Adams of No. ga Lefferts Place
4.-ookly-n explained at length the system useo III
The hanks for certifying checks
MIR Baldwin then handed Mr. ADAMS 'he cl'eohS
- ,.a-,r,and & co. certified to by the SeNenth
National Bank during June. 1901 for the pur pose u
t,-3rg them identified. These cllecks "eie 'il'
- r-aee-red To by Mr Baldwin in his opening ad-
4,oss and the ce-1iticatien OF which was respoh-
- g. tie Indictment Mr.. Kimball ana Mr.
pose Afr Adams sWorc that the ceruncau'h oi
the checks had been executed, with oHt one eAeef
lion. by Nj Rose .,..e.,,
. ttc checks one Of the books OF the bank was
handed him by Nh. Baldwin. Mr. Adams went
through page page of the book and plcKeo oul
81 entries i'm il relating the certihcauons OF the
A
77,e entries had been made in the book py Mn
1ose Afr Baldwin asked number OF questions
for the purpose of getting Mr.. Adams 10 tesuly
-o, tho records of the book and establish the ap-
,,r,,,i-,ate time on each day when the -uarquald
e 60 checks were certified. Mr. Adams said:
Il don't know just what time these MarQuaho
el,ecl1s were certified on each day.
The examination continued as follows;
o-Wbo had charge of the Marquand accounts
Az +he hank? Al don't really know
a authorize the certlncatlon OF any OF
spese large checks in the suit? A-No.
- -T1id Rose ever ask you about the certlhcatlon
OF anv OF these Marquand checksF A--Some OF
them think: -. .,,.,o , 7 ofor-e5
O-What did you 90 ABOUT theih- Al IeLei4eu
,hern TO Nr KimbaiL
NJ Adams said that a check deposited in the
s,ank on June s. 1901 would not pass through the
Clearing House until the next day
Nr Baldwin next offered as evidence the checks
~ Narouand & Co. which were drawn on the Ma
1ional park Bank and payable to the order of the
seventh National Bank. and which were deposited
late in the afternoon of the days when the Seventh
National Bank had certified Marquand * Co.'S
Thecks These Park Bank checks were Irlcertlheo
s-1d we're The ones referred TO by Mr. BALDWIN IN
Tje onening address a being worthless ana as nav
sDg been deposited that the fgure balance OF
AsS-cr,aDd q and the Seventh National Bank
-,-oI,I5 come out all right each day. Mt Acams
s5eo1ffed checks. which ranged IN am ouIIS
ro-7 5000 10 than slcG0cve, as having peen
.3enosited by MarqUand & Co; -,
Hehe1 NJ Adams had ended this line of test-
.aony Judge Thomas adjourned court unui lnls
f