The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-11-27
FRENz|EB FINANCE
LEO! l !, TO SUICIDE C'!!!|
BROOKLYN sAnksR INDICTED
FOR FoRoERYkILLEp HIMSELF
BY CUTTING HIS THROAT.
Howard, Maxwell, eDeposed President
Of the ReesntIy Suspended eors
eush ssps Died Bankrupt in
Purse and Reputation.

New York, Nov. 27.--Howard Max
well, deposed president of the Bor-
ough Bank of Brooklyn, who was un-
der indictment for grand larceny and
forgery and was on Monday night re-
leased from jail on $4,000 bail, COM
mitted suicide Tuesday. He cut his
throat and left wrist with a razor and
penknife in the bath room of his home
in Brooklyn and died at Long Island
College hospital.
Maxwell, who was locked up last
Thursday, felt his humiliation keenly
and during his Incarceration had ap-
peared hopelessly despondent He
had. however, given his family no in
timation that he contemplated suicide.
Maxwell was released late Monday
night from Raymond street jail, where
he had been held prisoner since the
three indictments charging him with
agement OF the Borough bank were
returned. There was some difficulty
in obtaining bail, and officers Of the
jail reported that Maxwell was greatly
broken up. All Monday and the day
before he lay on his bed and appeared
oblivious to surroundings. He declin-
ed to receive any visitors except his
wife and counsel. Monday night JUS
tice Burr signed an order for Max
wells release when bail to the amount
of 100000 was furnished.
Maxwell was 40 years old and
leaves a wife, but no children. On
November 21 he was Jointly indicted
for grand larceny with ex-Cashier Ar.
thur Campbell and Director William
Cow, OF the Borough bank. There
were other indictments against him in
volving forgery in quarterly bank
statement made to the state banking
department. When these three men
were arraigned Campbell and Cow
secured bondsmen, but, to the surprise
of many who knew of Maxwell's popu-
larity In financial circles and socially.
none offered to go upon his bond.
During his arraignment Maxwell's
counsel stated that his client had put
up every dollar in the world that he
possessed to secure the bank, and that
he had absolutely stripped himself to
protect the institution. Later on the
way to his cell, Maxwell borrowed SO
with which to buy meal or two from
nearby restaurant At the time he
declared that he did not have cent
with which to provide himself any
extras outside the prison fare. His
humiliation was aggravated when, like
a common felon, he was measured by
the Bertillon system and his pedigree
placed in the jail records.
Maxwell had been regarded as one
Of the rising financiers of Brooklyn
and was reputed to be worth S200,000
when the crash in banking affairs
came. The shpmelin which he lxille d
himself was recently made over to the
Borough bank. He was cashier of the
Kings county bank when that institu-
ton was merged with the Union bank
four years ago. at that time he had
no property, so far as known. bat hc
enlisted the assistance OF William
Cow, OF the advertising firm cf Ward
& Cow, and these two, with others, cr-
ganized the Borough bank The Be r
ough bank. operating on what has
been described as liberal lines for
a time achieved remarkable success.
Shortly after he became bank
president Maxwell married. When he
became involved Mrs. Maxwell signed
with him all the release deeds to
realty that stood in his name. and his
| suicide has left her penniless.