The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1907-11-22
BANKERS
INDICTED
SERIOUS CHARGE MADE AGAINST
OFFICERS OF SUSPENDED
BROOKLYN BANK.
TIL Rec ACCUSED
Forgery, Misrepresentation Of Money
and Misdemeanors in Permitting
overdrafts Among the Accusations
Ma de by Kings County Grand Jury
After an Investigation.

New York, Nov. 21.-The Kings
county grand jury, which is inyesti-
eating the recent management OF the
suspended Borough bank Of Brooklyn,
today returned indictments charging
larceny and other ofrenses against
Howard Maxwell, who was president
of tho institution when its doors were
closed; Arthur d. Campbell, the de-
posed cashier, and William Cow,
director, who holds a controlling In
terest of the banks stock.
These three men are jointly charged
with grand larceny in the first degree
in tn he misappropriation OF $145,OOO
deposited by the executors Of the Car
rie M. Mcclure estate. There is an
indictment for grand larceny against
Maxw ell, who is also charged with for
gerry in the third degree. A second
INDICTMENT against Campbell charges
forgery in the third degree. In ad~
dition to the grand larceny charge,
Cow is indicted on four counts aaleg-
ing nlisdemeanors In the matter Of
overdrafts. He is charged with hav-
ing overdrawn his account to the
amount Of nearly $4,000. Maxwell
also, 1t is alleged, secured overdrafts
aggregating nearly $4,000.
Following the report Of the jury the
three men were arrested and ar
raigned. Ali pleaded not guilty and
were held for hearing. Campbell
and Gov each furnished bail for $780,
600. Former President Maxwell was
unable to secure the $4,000 bond re-
quired Of him and he went to jail
for the night.
Formed Trust Company.
The larceny charges grew out Of the
establishment Of the International
Trust company, OF which Cow is presi-
dent. The executors Of the Mcguire
estate some time ago deposited s145,-
900 of the estates cash in the Borough
bank. The following day, ii IS alleged,
upon Cows order, approved by Max
well, Cashier Campbell drew check
for $1A5,000 against this account and
turned the check over to the Oriental
bank, the depository OF the newly or
ganized International Trust company
This check, it is alleged, was used to
make up the capital and surplus re-
quired before the new bank was per-
mitted to open.
This money was returned to the Bor
ough hank as fast as the stock Of the
International Trust company was dis
posed of, and all was returned with
the exception of $4,000. For this bal
ance 9, note of A. w Doolittle, the
private secretary of Cow, was put In.
Tt is said the indictments for forgery
concern the last quarter, in which the
overdrafts Of the bank were reported
as $2O1, where it is alleged they really
totaled $24 1000.
All Of the crimes are alleged to
have heen committed since the first
of the present year 1t is understood
that the inquiry into the Borough's af-
fairs ID not concluded, though it may
be temporarily suspended when the
investigation of the Jenkins Trust
company is begun by the grand jury
tomorrow. 10
When the five Brooklyn banks went
into the hands of receivers, Attorney
General Jackson alleged that evidence
Of criminal acts in the management OF
the Borough bank and the Jenkins
Trust company had been discovered.