The evening world., 1904-04-15
CONCERN TIED UP
WITH THE FEDERAL BANK
Depositors May Not Get More Than 40
Cents on the Dollar, 1t Is Said
Muirhead, of the Globe Company,
Blames David Rothschild.

terday may lea to the collapse OF the
Globe Security Company. a money
lending concern In the American Trac;
Society Building with branches all over
tho country. David Rothschlld. the
prime mover in the organization OF
both concerns, cannot be found.
william Muirhead, upon whose shoui-
ders the entire weight OF the Glope Sc
curity Company fell after the District
Attorney got after II for alleged VIOLA
ton of the usury laws. told an Evening
World reporter to-day that DAVID
R%othschild, the missing former presl-
dent of the Federal Bank, called him
I'M on the telephone yesterday at noon
! and said:
"EverythinE will be all right"
Mr. M,irh.ad said that Mr.. Roth
schiId referred to the affairs of the Fed
eral Bank, and that as a consequence
he left $1,000 deposit in the n
"As n result, / do not see but that inc
Globe Security Company Will nave 10
Riyc I'D the night" he said. For nVe
weeks 1 nave tried to pull the concern
through, since MIR. Rothschild got out
March 20, and to-day the Mayor OF East
Orange was to have taken charge or
the presidency OF the company. He
was elected several days ago, and. had
Il not been for the failure of tho bank.
we might have reached firm ground
A Subordinate, He Says.
Mr.. Muirhead declared that he was
nnnHA in nm
complimentary terms OF the Rothschild
influence, both in the bank and the
security company.
why. II the District-Attorney would
only have come to me I would have
told him Of Rothschild's ownership OF
this company" he said. but when they
got out a warrant and dragged me to
court 1 got mad and fought them. l
will protect no one now. for see where
I have been mado the scapegoat Tor
them all. =
'I IN the man who hired the build
Ing for the Equitable National Rank.
started by tho R~othschiids. paid the
frat months rent, fitted UP the bank
in my name, hired the marble cutters
and metal men. We were going to call
II the Commercial State Bank and had
that nams painted on the windows.
NOW National Bank Examiner
Rideely is after me with q claim FOR
s1,e72. which I personally had no more
10 do with than Mr.. Ridgely himself.
BEING n subordinate I loaned the use
OF my name TO the Rothschilds. both In
the Equitable National and the Federal
banks. both now defunct. and the right
10 sign my name with power OF attorney
was given to two young women In the
employ of the Globe Security Company.
That Is how there happens to be a
personal account In my name on the
books of the Federal Bank showing dis
counts in the sum OF $50. Co.,"
Passed Upon Properties.
what was your position7" was asked
OF Mr.. Mulrhead.
IT passed the properties upon which
a loan was made That alone was my
business. Until the Rothschllds got out
OF the Globe company I was never be-
hind the cashiers desk. There was an
auditor and l had nothing to do with
the finances. Then came the pounding
In the newspapers 'and my arrest by
detectives from the District-Attorney's
office. I have been wronged and
wronged greatly.
when the Federal bank failed the
Globe Security Company. which had
been continued by myself In the hope
that It might get on its feet again, had
$40 out In checks. sent to our Gus
toners all ove the country. BY scrap
ing around last night ! managed to