Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1907-06-04

Another transaction of George w.
Yepsen was brought to light yester-
day afternoon when Treasurer An
thony Viehmann, of the Second Peo-
pies Building & Loan Association, of
New Brunswick, came to this city and
with Detective r. A. Peltier, made an
examination of Yepsen's effects at his
former Office and found that $3,500
was given to him by the First Hun
garian Benevolent Society, of Wood
bridge, to place in the association
which, Mr.. Viehmann says, was never
received by them.
Joseph e. Stricken, who has been
engaged as Yepsen's counsel, made
application to have him admitted to
| bail yesterday and friends of the al
legged forger were on hand, but the
court cannot accept bail, it was stat,
ed, until the charges are in more def
mite shape, as the amounts involved
may exceed $4,000.
Lawyer Stricken said today that he
would make another application later
in the week for Yepsen's release on
bail.
Evidence of other doings of Yepsen
! relating to the forging of names of
local men to blank notes, was also
found, it is declared, and the bail
bond may be materially increased be-
fore long.
The officials of the Second Peoples
say that it is able to weather any
blows which Yepsen may have dealt
it, and the Perth Amboy accounts are
being carefully traced to discover any
other dealings of the former local
agent The matter affects other busi-
ness interests in this city and vicinity
and every effort is being made to sift
it to the bottom.
There has been but one specific
charge as yet, that of forgery Fred
erick l.. Brown and Marie Brown, his
wife, each had ten shares in the Sec
ond Peoples Loan, which ran out in
April In February Yepsen, it is
alleged, forged the names of both Mr.
and Mrs. Brown to a power of attor-
lney which enabled him to transfer
the stock to himself He then gave a
check for 5000 to the officials for adj
vance payments, and then borrowed
$4,000 from the loan on the stock.
There is every reason to believe
that Yepsen expected to make good
the money before his act was discov-
cred. He had two months leeway
but his plans went wrong and the
money was not made up.
Early in May Mr.. Brown, who is a
member of the present jury panel,
tcalled on Secretary Edward Tindell
here and asked when he and his wife
would get the money on their stock.
Mr. Tindell in surprise said that the
Browns no longer had any stock, and
showed the transfer and Yepsen's
power of attorney.
Mr.. Brown pronounced the sigma
lures of himself and wife forgeries.
The "F. L. Brown closely resembled
the genuine except that periods were
placed between the initials, some
thing Mr. Brown never does.
Mr. Tindell at once called a meet
ing of the directors, and it was decid-
ed that the first thing to do would be
to secure the loan from loss If possi-
BILE. Yepsen was at once visited and
taxed with the forgery. He admitted
| 1t and offered to make restitution If
possible, by means of blanket mort
gage on his properties.
The mortgage was given, and in
cluded about $4,000 worth of prop
erty. Mortgages for about 60 per
cent. already covered these, and the
lequity which is secured to the loan
will probably just about cover the
loss due to the Brown forgery
The officers of the loan, it is de-
Iclared, made no promise of immunity
to Yepsen, and when they began to
suspect that there were other irregu-
l1arities, decided to stay their hands
no longer.
Mr. Tindell made the complaint
Friday and Yepsen was arrested Sat-
Iurday Treasurer Anthony Viehmann
and Solicitor c. H. Runyon, of the
loan, had a long conference with Yep
sen at the jail and it is understood,
Yepsen promised TO do all he could
to straighten out the muddle he had
caused.