Omaha daily bee., 1908-02-07
MORSE Is W,ANC
Banker, Promoter and TIT
ganiser Among the Absent. =
JUDGMENT AGAINST HIN ON MOI
His Immense Fortune Seems to Have
Crumbled.
CONDUCT UNDER INVESTIGATION
He Spent Several Days Last Week
Before County Grand Jury.
SWIFT CAREER IN HIGH FINANCE
Mr.. MOrse orsanised lee Combine,
American Steamship Company and
Was Interested In Several
Banks Now Closed.
CONDUCT UNDER NvEsT1GAT1o
He Spent Several Days Last Week
Before County Grand Jury.
SWIFT CAREER IN HIGH FINANCE

NEW YORK, Feb. 6--search was con-
tnued today for Carries w. Morse the
banker. promoter and organizer OF the
American Ice company. and the S12o,OOo0Oo
Consolidated Steamship company. Mr.
Morse ia not known TO have been in the
city since Monday. and may have left town
earlier.
With a judgment for sl55,753 against him
a suit for $40, zsl brought against him by
the receiver Of the National bank Of North
America, his home mortgaged and in ad-
dltion attached to cover the amount sued
for; HIS accounts In several New York
banks attached; his consolidated steamship
company IN the hands Of a receiver. his
holding Of bank stock greatly deprecated
and two grand juries investigating his re-
lstions with the banks he faced condition
which might have appalled, any man.
National Bank Examiner Charles a.
Hanna, who Is in charge OF the National
bank OF America. announced that he was
informed Mr.. Morse had probably gone to
Europe or had departed elsewhere for an
indefinite period. Mrs. Morse was at her
home in this city. but no information could
be obtained from her.
Left Three Weeks AsO.
Albert b. Boardman, attorney for Mr..
Morse. was quoted today as saying that
Morse sailed for Europe Saturday for a
three weeks. rest. not anticipating such a
crisis IN his affairs. The action brought
by Bank Examiner Hanna for S24S,321 was
to recover the amount OF loans alleged TO
have been maie by the National bank of
North America last fall as security for
which Mr.. Morse gave his note. The bank
went INTO the hands OF a receiver two weeks
ago.
II. 4. c. smith yesterday secured a
tiuued today for Carles w. Marse, the
the value of $40 shares of bank stock
which Morse had sold 10 Mr.. Smith with
the agreement that he would pay $4,000
for Il whenever Mr.. Smith wanted to re-
turn t.
since MIR. Morse's elimination from the
New York banking situation he has trans
acted the nest of his business at his Fifth
avenue residence. Within the last ten days
he has been before the county grand jury
several times 10 testify concerning certain
assets of the Provident Savings Life As
surance society, which were deposited with
banks with which he was connected.
Grand Jury at work.
The federal grand jury also has been in
Nesiigating the conduct OF those banks
That Morse was greatly disturbed by the
various moves against him is indicated by
the statement Of Thomas p Wing, attor-
ney for tho receiver of the National Bank
OF North America, who made affidavit that
Mr.. Morse said 10 him with great agitation
that hc had watched his securities drop
far below par and had kept almost all of
his accounts margined and good. but that
he could not stand II forever and did not
know what he would do.
Prior TO the collapse of the various enter
prises in which he was engaged Mr.. Morse s
fortune was estimated as high as SaO0oO,oOO.
Planned to Leave City.
Al the office OF the Consolidated Steam.
ship company 1t was stated that Mr. Morse
was at that office last Friday. He has
not been seen since and it was under
stood last night that It was his intention
to leave the city.
Albert p. Boardman, counsel for Mr.
Morse was at the district attorney
office in connection with certain grand
jury proceedings. 1t was not known
whether his presence was in relation tc
the grand jury investigation of banking
methods as disclosed by the October panic
Before going before the grand jury Mr.
Boardman said he supposed he WAS called
to tell the grand jury what he knew
about the sale by Mr.. Morse of a large
block OF stock OF the National Bank OF
North America. Former Judge Morgan
j. o'Brlen. a law partner of Mr.. Board
man, also'was summoned before the grand