The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-05-27
EX-BANK PRESIDENT
PLACED UNDER BOND
DuBoSe Charged With MiSap
plying Funds
FEDERAL AUTHORITIES ACT
Warrant Charges President of Former
First National Bank of Ensley
With Improperly Using
$4,000.
FEDERAL AUTHORITIES AGT

April %, was arrested yesterday MORN
ing on a warrant charging him with
misapplying funds of the first named in
stitution, to the amount of $4,000.
Shortly after arrest Mr.. DuBose was
taken to the court, of United States Com
missioner r. B. Watts, whore he waived
preliminary trial and was bound over to
the federal grand jury under a $4,000
bond. The defendant made the required
bond shortly after o'clock yesterday
afternoon and was released from custody.
The arrest of Mr.. DuBose did not come
as a surprise. For weeks past it was
known that United States Bank Examiner
Silas II. L. Cooper had been in Birmng-
ham and Ensley looking into the bank
ing affairs of Mr.. DuBose. The proba-
bilty of the bank examiner issuing an
affidavit and warrant against Mr.. Du-
Bose had been openly discussed for the
past few days in local business circles
Mr.. DuBose was evidently aware of the
fact that he was liable to be apprehended
at most any time, for several days ago
he called at the office of the district at
torney In the federal building, and asked
for information with rerernce to his prob
able arrest. OF course he obtained no in
formation.
Unsuccessful speculation I'm the stock
market and the cotton market is the
cause assigned for the president of the
bank misapplying its funds. Mr.. DuBose
yesterday afternoon admitted that he had
invested money in the market, without
success.
Mr. DuBose told the assistant United
States district attorney OH Friday that he
would surrender any time the federal
authorities thought proper Yesterday
morning a telephone message was sent
to the defendant summoning him from
his home in Ensley to the United States
district attorneys office. When he reached
the federal building the warrant which
was sworn out by Bank Examiner
Cooper, who has worked up the case,
was served by United States Marshal
Ashley. Mr.. OPPOSE was allowed to re-
main in the office of the marshal In Gus
tody of a deputy, until he made bail in
the afternoon.
Warrant Against DuBose.
The warrant against Mr., DuBose is as
follows:
United States of America. Northern
District of Alabama, at Birmingham,
Ala.
"The President of the United States of
America, to the Marshal for the Northern
District of Alabama, or to his deputies,
or either of them:
Whereas, complaint on oath has been
made to me charging that on or about
the 18th day of October, 1905, and various
dates thereafter, within the said district
OF Alabama, one Gordon DuBose did then
and there violate the laws of the United
States by wilfuly misapplying certain
moneys, funds and credit OF the First
National Bank of I1nsley, Ala. aggregat-
ing $4,000.
Now, therefore, you are hereby COM
manded in the name of the President OF
the United States of America to appre-
bend the said Gordon DuBose, and bring
him forthwith before me. or some justice
of the United States or other United
States commissioner at the place of ar
rest that he then and there may be
dealt with according to the law for the
said offense.
Given under my hand and seal this
2eth day of May. 1906. r. b. WATTS,
United States Commissioners"
Specifications In Warrant.
The specifications in the warrant charge
that Mr.. DuBose did:
"Unlawfully, knowingly. wilfully and
fraudulently, with the intent then and
there on the part of him. the said Cor
don DuBose, to injure and defraud the
said banking association. and without the
knowledge and consent of the said bank
ing association, its board of directors and
committees, did wilfuly misapply certain
OF the moneys. funds and credits of the
said banking association, for the use
benefit and advantage of him, the said
Gordon DuBose."
To a representative of The Age Herald
Mr.. DuBose said yesterday afternoon that
he is now of the opinion that his mind
was partly unbalanced at the time of his
speculations.
This case Is not as bad as it looks.
No one has or will suffer by my acts in
borrowing the money from the First Ma
tional Bank of Ensley. Speculation has
brought on the charges against me. | do
rot care to discuss the matter any fur
Their just at this time"
Statement Last April.
1t is understood that the accused has
not yet employed legal counsel.
After the transfer OF the First National
Bank of Ensley TO the Bank of Ensiey,
april 70, the following statement was is
sued:
TO the Patrons of the First National
Bank of Ensley:
The directors of the First National Bank
of Ensley have closed an arrangement
whereby they have sold and transferred
to the Bank of Ensley (Ramsay & Me
CormaclS) the good will and business Of
the First National Bank of Ensley, the
Bank of Ensley RAMSAY & Mccormack
glad to serve all the patrons of the First
National bank
Peyton Eubank. former cashier of the
First National bank. will be connected
with the Bank of Ensley and will be
glad TO serve al 1.-The patrons Of the First
National bank. We believe That the COM
binatlon of these two interests will result
in the building up OF strong banking
house in Ensley. which will be better able
to serve the best Interests Of the entire
community than tine two banks run sep.l-
rately
We ask for the Bank OF Ensley the BUSH
ness and good Will of the customers OF the
First National bank.
Beginning today the business of the