The Montgomery advertiser., 1906-12-29
PERKINS
 INDICTED. Charles Fairchild Also Charged. FORGERY IN THIRD DEGREE Grand Jurors Were 10th to Return
 Bills. xhey Were Convinced That Men Were Locking After the Interest of Poiicy-Holders When
 Frassian Loan Was
 Made.
FORGERY IN THIRD DEGREE

New York, Dec. 2S-The grand jury which for the past month has been inc vestigating the, affairs of the New York Life Insurance Company today returned indictments charging forgery in the third degree against George w. Perkins. former vice president of the New York Life Co.,. and a member of the firm of J F. Morgan & Co. and Charles Fairchild, former secretary of treasurer. President eof the New York Security and Trust company. lnow out of existencel. and member of the fin- ance committee of the insurance com pany.
 Mr. Perkins was in court when the indictments were announced. He was formally arraigned. entered a plea of not guilty, and gave bond iu the sum of S10,00o, his sureties being !. F. Nor gap, Jr., and Cleveland H. Dodge. Mfr. Fairchild is in Europe.
 Six indictments were returned against each of the two defendants. hut all are based on the one transact ion known as the "Prussian loan" the specification under the charge of for- gerry being the falshcatIon in book keeping entries.
 It Is alleged that certain railway stocks were transferredby the insurance company to the Security and Trust Company fin order to comply with the Prussian law, but that the tranafes was not bonafide.
 The grand jury coupled with the in- nietments a presentment which the ju- tors placed themselves on record as be- ing convinced that in doing the acts charged against them. Messrs. Perkins and Fairchild were influenced by de- sire to benefit the policyholders."
 The grand jury further says the tn- dictments were returned only under q strict interpretation of the law as 1t was laid down to them by District Att 1HA gka fva as 1t was presented to Recorder Con follows:
 eThe grand jury respectfully presents that in filing a bill of indictment against two persons for offenseg conn mitted In connection with the affairs. pany that accepting the law of these eases as advised by the District Attor- ney. they felt constrained to find the indictments today. The grand jury, ton that in doing the acts charged, the defendants were prompted by a desire to benefit the policy-holders of the New York Life Insurance Company; that The defendants neither did, or could in any way personally profit from the acts done and that the evidence conclusiye- ly shows that large pecuniary bene- it was derived by the policyholders as a consequence of these acts"
 The impression which has become general that further investigation of the insurance cases, by the grand Jury will be impossible on account of the statute of limitations is erroneous It was announced today that the inquiry will be continued by the grand jury, which will begin it's 1abors in Janu- ary.
 When Mir. Perkins was arraigned in the Court of General Sessions, he en- tered plea of not guilty, reserving the right to withdraw the plea at a later date. He was given until January 21 to file demurrers. Bail for Mir. Per- kins was furnished by J. P. Morgan, IT,, pledged the house at 229 Madison Avenue. valued at $300.00O, and Cleve- land H. Dodge, who pledged six acres of land in New York city valued at $5O,- 900.
 Recorder Golf told MT. Perkins that it would not be necessary to furnish two bondsmen. Mir. Perkins replied:
 "I prefer to have two bondsmen. It Is my wish to furnish enough surety to make the bond double.'
 The grand jury statement was an oficialcon7rmation of the reports which had spread about the criminal court building where the orand iurv was in session. to the effect that the jurors were not at all convinced by the evil dence placed before them that a crime Idu Deen III the SO-CdIIeu "Prussian loan" transaction. The mat ter was pressed by MT. Jerome, how ever, who appeared before the grand jury on a number of occa- sions and made several lengthy argu- ments. Mir. Jerome was with the Jury until late yesterday evening and again early today
 When MT. Perkins was asked tonight whether he cared to make any state- nent regarding the action of the grand jury he replied:
 "No, sir, am more concerned to- night over the death of President Cas- sat- of the Pennsylvania Railroad than with any personal affair. The country has lost great public servant who de- voted a busy and trying life to the unselash work of upbuilding for the public bneft our greatest railroad. He died of broken heart--a heart broken by the constant bounding of fcoo0rYasfsn