New-York tribune., 1907-11-30
COWS DEALS HIDDEN.
PAGES TORN FROM BOOKS.
Damaging Papers Removed from
Borough Bank Of Brooklyn.

Every page of every book of the Borough
Bank Of Brooklyn containing reference to any
of the transactions of William Cow, director
of the bank, against whom five indictments nave
been issued. has been systematically torn out
and destroyed, according TO Assistant District
Attorney Elder, who will prosecute further
investigation before the December grand jury
Every check cashed by the Borough Bank the
day before it closed its doors has been de
stroyed The Assistant District Attorney. the
temporary receiver appointed for the bank and
the bank examiner cannot find the checks ana
vouchers 10 show what was done on that day
All the questionable notes that the bank cashed
have also disappeared.
There are, however, certain other notes ana
papers taken from the bank which are in eN-
istence. These notes were bought. II Is said by
a newspaper from one of the clerks of the bank
and are still in the possession Of that newspa-
per Mr. Elder has found out the man VINO
negotiated their purchase, and he has requested
him to call al his office on Monday morning and
has also asked him TO bring the missing papers
with him.
Three notes Of Senator MCCarren : reported
destroyed are still in the vaults of the bank
Some old notes OF his, however, were taken out
and are believed to be still in existence. In
fact the Assistant District Attorney expects to
recover them on Monday. Senator McCarren
said yesterday that he would pay his notes
when they fell due
1t seems to be the general belief that the man
who took the notes and papers did so TO protect
some one else. Whether he confessed this mans
name could not be found out, but it is under
stood that the District Attorneys office is conf
dent Of finding this man also
That there will be more indictments as the
result of the investigation Of the affairs of the
Borough Bank by the December grand jury
seems to ne certain. one man in the District
Attorneys office said yesterday: II believe
from recent developments that the December
grand jury will find even more indictments than
the November grand jury" From a conserva-
tive estimate it seems records of transactions
amounting 10 more than S1,OOOOO0 were de-
stroyed. Every clerk of the Borough Bank and
every official will be examined. Every effort
viii be made to obtain the names of those who
withdrew their deposits on the closing day.
From testimony given before the grand jury
and certain confessions, interesting sidelghts
have been brought out. The day before the
bank closed George A. Zabriski. who had large
sum deposit, wrote a check TO the order OF
another bank for $4,000 10 help take up
note for $4,000 which fell due that day. The
president Of this bank carried the check over
to the Borough Bank. It is said, and presented
it for payment. one Of the directors of the
Borough Bank met him and said You can't
cash that check here to-day" Later on no
changed his mind and the check was cashed.
a city official, hearing that the Borough Bank
was in trouble, rushed over TO tho building the
day after 1t closed and excitedly exclaimed,
What can I do to protect myself" He with
drew large amount in cash
Another interesting development yesterday
was the discovery that of the confessions made
by Cow, Maxwell and Campbell only Campbell's
was signed. From other sources it had been
understood that all three men had signed their
confessions. 1t also said that the only real
copies of these were in the hands of the District
Attorney and no copies had been made As tho
confessions were given out TO the press Thurs
day this statement, If true is interesting. Mr.
Campbell! did not swear that the directors we're
ignorant OF all the transactions that he. Cow
and Maxwell engaged In.
There has been no midnight raid the Bor
ough Bank since I have been here" said Mr..
Powell, the temporary receiver. "All the books
OF the bank arc in the safes, some Of them be-
ing sent US by the District Attorneys office
to-day. The checks for the last day miss
ing The voucher file looks like it had been
| struck by dynamite"
A lawyer yesterday called attention to a sec
tion of the banking law requiring directors of
banks to make "a thorough examination of the
books aud accounts of the bank every six
months. and making failure TO do mis-
| demeanor.
| No detectives are trailing the men supposed
| to have removed papers from the bank. De
| tectives arc assigned TO watch both Mr.. Cow
| and Mr.. Campbell. s S. Whitehouse counsel
for the directors of the Borough Bank, said
! yesterday that the directors had not withdrawn
| money after the bank closed tipped or their
friends
Justice B RI. in the Supreme Court, dismissed
yesterday the proceedings against Acting Cap
! tain Kuhne and the tec;ives charged with
| disregardng his writ of habeas corpus in regard
! 10 Frank Jenkins, except as far Furnishing
/ Captain Kuhpe for contempt.