New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-09
LIST OF DUPES GROWING
Issue of HanoUer Bank Certificates
Discovered by COrtelyou.


! spectors yesterday more prof Of the extensive
/ operations of the Imperial Trustee Company, or
Jersey CITY It's qualifications extend all over
! the country and the losses of its victims are
believed TO be large. Inspector Cortelyou, VINO
returned from Boston yesterday from MS IN
vestigation of the Hanover Bank, discovered
while there that instead of certificates OF de-
post supposed to be worth SS0.OOO pelhs IS
sued, certificates to probably three times that
amount had been made ready to be offered 10 tEe
public.
Foster Hooper the vice. president OF the Han
over Bank of Boston, seems to have been the
prime mover and directing spirit of the issue or
these certificates. They were signed by T. +.
McNichoIs the cashier of the bank, and cert-
fed by his assistant John H. Casey Both these
men received salary of $4,000 a year. The
bank had three other employees who received
small salaries. Both McNichols and Casey de-
clare that they know nothing about these GER
tifcates beyond that they were told to sign
them by Hooper.
The Hanover Bank was only about six
months old it being a reorganization of
a concern known the State Bank and
Deposit Company. 1t occupied small building
in Hanover-st., a squalid district OF the city.
Last December the bank ordered by the
Massa chusetts Banking commissioners to pay
all depostors in full which made 1t necessary
using these assets collateral for loan at
the usual rates of interest, certificates of de-
post we're issued at discount of some so per
cent
According to the original plan thirty Certif-
Gates of $1,000 each were to have been issued
IN favor of William V. Leary, the agreement be
tween Leary and the Hanover Bank being that
Leary was to deposit three notes of $1,000 each
on receipt of the certificates. and then after
disposing of a portion of them pay Sl5WO in
cash into the bank. The notes were due May IL,
eight days before the certificates were due.
Instead of issuing certificates to the amount
of 10000 they were issued to the amount of
$4,000 the extra $4,000 being retained by
Hooper. Another issue of certificates, this time
to a face value of $4,000. also prepared.
This issue to have been f1oated in Texas,
but some hitch occurred and they had not been
placed on the market when the banks affairs
were exposed. In addition to these two issues,
amounting to $4,000. several smaller issues
were ready to be given to the public.
Hooper says that he had met Leary only once
twice before he to him Just before De-
cember 90 the date that the certificates were
issued with letter of introduction from f. W.
Jacobs, the secretary and treasurer of the I'M
perial Trustee Company and a trustee and direo-
tor of the Hanover Bank. The notes which
Leary gave were made by Titus K. Howard
in favor of r. F. Rowland. and We're Endorsed
by Leary and Howard. Hooper says that he
never met either Howard Rowland, but on in
vestgation believed them to be responsible
Leary, who is under arrest. charged with the
larceny of diamonds valued at $1,000 from
Thomas Kirkpatrick, a ieweller. arraigned
on that charge yesterday afternoon in the
Tombs court The examination was adjourned
until this afternoon at the request of Assistant
District Attorney Corrigan- Leary released
In $4,000 cash bail when his counsel produced
a certificate of deposit showing that Leary had
more than that amount in bank-not the Ham
over Bank. .ss -
Five men appeared in court to make COM
plants against Leary in connection with the
operations of the Imperial Trustee Company.
They were taken to the District Attorneys Of
fee to make formal complaints. Seven sub
pqnas also were issued for many alleged
victims of Lesry.
II. B. Main, who has been mentioned In COM
nection with both the Imperial Trustee Conn
pany and the Hanover Bank, came to Tho
Tribune Office yesterday to make the following
statement:
The newspapers have associated my name
I with the Imperial Trustee Company and the
Hanover Bank, of Boston. 1 never had anything
to do with the former, directly or Indirectly,
merely having an acquaintanCeShip with some
Of the officers, who had confidence were hon
orable men. My only connection with the Han
them in reorganizing the State Banking and De-
post Company under the title of the Hanover
Bank. / consented to act as temporary director
provided they satisfied me the concern was all
right and they produced $3.50 900 in two certified
checks ] cannot recall the Of the bank
on which the checks were drawn.
never received any consideration, not even a
share of stock, to qualify me director nor
have ever seen or even received a communica-
lion from the partners attached to the bank.
Alfred r. Gosn. who acquired much fame in
connection with the Brooklyn Rapid Transit
frauds and $50 per cent Miller, and who was
said TO be one of the moving spirits behind the
Imperial Trustee Company. came out last night
with an emphatic denial that he had anything
to do with the concern with the Hanover
Bank Mr.. Gosin has moved from WalI-st TO
the Morton Building, i'm Nassau-st where he
is generally supposed TO hang his hat behind a
door bearing the inscription Manhattan Realty
Associates" When visitors call there for Cos
lin he is said generally to be out
When asked if it true that he was one
Of the geniuses behind the Imperial Trustee
Company, he said:
j never heard of that company II strikes ma
| that the police are getting the habit F,er1
| thing that turns up TO mystify them they mt
| up 10 me- l don't know any of those fellows in
| the Imperial Trustee COMPANY anvhoI, ~
cepting Fernald, and | have been looking for
him for year He unloaded bad drsr ~, =
| friend of mine. ' y" d
| WABASH SEA6oARD OUTLET OPENED
| BY Telegraph o The Tribune
I'M al Fob MI