The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-15
Samuel V. Hulse Locked Up
at Instance of Peddie
Institute.
TREASURER TEN YEARS
Bonds Fixed at $4,000 for
Hightstown Charge :. $500
Mentioned, but Much Larger
Sum Is lnvolved--CaIIs
1t Spite Work.

Samuel v. Hulse, 60 years old, an at
torney of New Jersey for many years.
with an office at $40 Broad street, was
arrested this morning at his office by
Plainclothesman King on a charge of
embezzlement of $500 from the Peddie
Institute at Hightstown. Hulse was
taken to the First Precinct station and
then arraigned befor Judge Howell and
held in $4,000 bonds for the Grand
Jury. He waived examination.
r. A. Messler, of Trenton. is chair
man of the Peddie Institute finance
committee, and Comptroller ]. Henry
Bachelor and the Rev. DIR. Thomas
J. Villers, of this city, are members.
Hulse's alleged peculations may reach
$65,000 according to John Monteith, at
torney for the institute which made the
complaint against Hulse this morning.
On the strength of future complaints,
involving more money than the speci-
fled amount named in the present COM
plant, Judge Howell thought 1t advis-
able to hold Hulse in $4,000 bonds,
which was twice the amount first asked
by the court.
When taken before Judge Howell
Hulse grew quite nervous and did not
care to make any formal statement
about his arrest. He did admit. how
ever, that he had been expecting some
such procedure on the part of the in
stitution, of which he had acted as
treasurer for the past ten years.
According to Attorney Monteith
Hulse's accounts while treasurer are il
a sadly muddled state Several con
ferences with Peddic Institute dlree
tors did not throw any light on somi
money belonging to the institution
which was not accounted for.
In June there was a meeting OF the
| directors and as a result Hulse re-
signed his position as treasurer of the
! institution. He was hen charged by
one of the directors with taking the
money. He was threatened with ar
rest. but the arrest was postponed.
Finally it was thought advisable
that some action be taken in order to
straighten out the tangle of the funds
at the institution. An examination of
the accounts resulted in bringing the
complaint for the embezzlement of
$5, 500 in order to form q basis for future
complaints.
Hulse admitted that there was dis
pute over his accounts, and that the
arrest was not such a surprise to him.
He said, however. that 1t was a case
of spite work, and that 1t was moth
ing but underhand work on the part
of those responsible for his being taken
into custody.
Michael T. Barrett is counsel for
Hulse He was in consultation with
Hulse, and will be prepared to have
an examination at the convenience of
the court.
Hulse is well known in Newark, hav-
ing practised law here for many years.
AS far as was known he was an emil
nently respectable man.
It was found a few weeks ago that
Hulse had cancelled a mortgage for
$500, and it is alleged appropriated
the money. This is the amount set
forth in the complaint The total
amount involved, however, is said to
be largely in excess of this, and may
be ten or eleven times that sum.
The bulk of the endowment fund Is
said to be intact, and Is now in the
hands of the finance committee.
1t is said that Hulse's operations
extend back several years. 1t was his
custom, it is alleged, to cancel mort
cages, and when money satisfying
them was turned over to him to APP
propriate the proceeds
Mr.. Monteith found number of
these mortgages had been cancelled,
but the money has not been accounted
for by Huse. The latter. when asked
by Monteith what he had done with
the money he received. said he did
NOT know