Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-31
BANK OFFICIALS
UNDER INDICTMENT
Ex-Manager Ex-Vice Prest. and
Director Of Cal. Safe De-
post & Trust Co.
FELONY AND EMBEzzLEMENT.
Bench Warrants Issued and Bail Fixed
Respectively at $4,000, $50
600 and 10000.

san Francisco. Dec 30-Following a
thorough investigation into the affairs
OF the California Safe Deposit 4 Trust
company. which failed owing depositors
nearly 81 600, 900. and the methods OF its
officials alleged 10 have been RESPONSE
Bile for the wreckiuE OF the bank. indict-
ments were returned late this afternoon
by the grand jury. charging James Dali
81 Brown, former general manager,
Walter j. Bartnett. former vice presi-
dent general counsel and director. and
james Treadwell director with felony
and embezzlement one indictment each
was returned against Brown and Bart
nett. and two against Treadweu.
Bench warrants were issued and bail
fixed at $4,000 for Brown. $4,000 for
BARNETT and $4,000 on one charge
against TreadWell and $4,000 on the
other. Brown and Bartnett are already
confined IN the county Jail on ludlCt-
ments charging embezzlement In con-
neotion with the disappearance OF Sc
curities valued at S205, 900 belonging 60
the Cotton estate. which had been de-
posted hy Bartnett as special admins
orator with the trust company.
The indictment against Brown re-
turned today is based ON "a note for SO,
200. given by III y. StOrrs "a h0Okkeeper
IN the bank ON May g 1906 Storrs ac-
cording TO Asst Dist. Atty William
Hoff Cook. testified before the grand
jury that he signed the note az the re-
quest OF Brown and that the latter took
the money from the bank As security
for the note, some stock In the Central
Traction company street railway
company I'M stockton was put up This
stock stood IN Storrs name as trustee.
The latter It is alleged, testified that
he never owned the stock and that 10
was not issued until some time after
the note was given.
Bartnetts Indictment for embezzle-
inent was In connection with note Civ
en- by w T keaney. an attorney for
a loan OF $4,000 on Oct. 10. 1906, Bart
nett, Il being alleged. receiving the
money and Kearney acting only as
dummy" on that date. II is claimed,
Bartnett had oyerdrawn his account al
the bank about $40 900 and got kearney
10 give the note. which left Bartnett
$40. 600 to his credit Stock In the Ma
tional Bank Of the Pacific was original
~ put up as security. but upon investi-
cation II was found that later this stock
was taken up and shares In the Trinity
Bonanza Mining company substituted
for Il.
one indictment against Treadwell OF
Treadwell mine fame IN Alaska, and
well known I'm mining circles In this
state, was based on a loan for $4,000
from the bank I'm which he was direc-
tor for which Treadwell gave his per-
sonal note on Sept 4 last. At this time
Il Is alleged. Treadwell already owed
the bank over $500 900 for loans and had
overdrawn his current account about
S25. 900. Instead Of paying Interest, II
Is claimed that every time that interest
was due he gave a new note.
The obtaining Of loan Of $4,000 left
$50 600 20 the credit OF his current &C
count but by oct. this was all gone
and he had again overdrawn. On this
date. il Is alleged he made new note
for S62 500. dated # back TO Sept. 4. had
the note made on the latter date de-
stroyed and substituted for It the note
for S62 800. which left XI50O TO his Gre
dit The second indictment against him
was based on the latter transaction and
specifies 1900 as the sum embezzled.