Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-02-25
Dn. MIC D|ARN|D
IS UNDER ARREST
President of Green Mountain
Savings Bank Charged With
Serious Crime
BANKING ALLEGED
State Bank Examiner Windsor Files
Inform ation-Twenty one Certificates
From Bank Are Missing, But the
Amounts Are Unknown-Mac Diar
mid Says He Never Got One Penny.

DR.. Stuart B. Mac Diarmid of Omaha,
president of the Green Mountain SAY
ings bank was arrested at his room
in the Pilgrim hotel at about 10 o'clock
Monday night. on an information filed
by State Bank Examiner Leland Wind
sor, charging intentional fraud In con-
Quoting a savings bank. Sheriff Hut
son quietly effected the arrest, and DR..
Mac Diarmid was arraigned before JUS
tice Willard He asked time TO plead,
and was taken to Jail.
DR.. Mac Diarmids arrest came about
as a result of the examination OF the
banks books and papers. made Mon
day by State Bank Examiner Windsor,
who took charge Of the bank Mon
day morning, and is still in charge.
Twenty one certificates were found
missing, and where Shey are even the
bank examiner himself does not know.
Neither Is it known what amount these
certificates represent, and this VIII not
be known until they can be located.
Information Charges Serious Offense.
Under the state banking laws the
information sets forth allegations that
are very grave. AS an officer OF the
bank, it's president, DR.. Mac Diarmid
is charged with having caused certain
certificates of deposit to be issued and
delivered to one e. L. Collins, direc-
tor Of the bank, with intent to defraud
the bank, and with the felonious intent
Of deceiving the public, individuals and
the bank examiners, as to the means
and liabilities of the bank. The bank
president is also charged with fraudu-
lently signing and issuing certificates
Of deposit in various amounts, to the
informant unknown, with intent to di-
vert the funds OF the bank to other
purposes than those authorized by law,
and without authority on the part of
the board Of directors. The certificates
in question are set forth as being
numbered 1914 to 1864, the consecutive
serial numbers of the certificate OF de-
post blanks of the bank.
Feels Disgrace keenly.
DR. Mac Diarmid feels his disgrace
keenly, and when seen in his cell this
morning the situation was somewhat
different from similar visit on the
part of the reporter. made Monday
morning at DIR. MacDiarmid's lavishly
appointed apartments at the Pilgrim
DR.. Mac Diarmid said that he was IN
iail for the first time in his life, and as
far as he knew this was the first time
i'm the history Of his family that any
member had been placed behind the
bars.
Claims His Innocence.
DR.. Mac Diarmid claims his inno-
cence of any intentional wrongdoing.
He said: II have never knowingly,
Iswilfully or Intentionally done Grim
inal act. l know nothing whatever
about the condition of the bank, which
was wholly in the hands of the local
cashier and Collins. 1t is most lament
able and unfortunate. and at the pres
ent moment l can't see any clear way
out of it. I can substantiate my story,
and think that any community of fair
minded individuals will bear me out"
Never Secured a Penny.
In replying to a question asked him
Of what he had done with the money,
made on the part of friends from ON
aha, DR.. Mac Diarmid said: Il never
had any money and never got any mon
ey out of 1t, not one cent. Naturally If I
did not get anyI did not use any My
connection with the bank was in an eX-
officio capacity. l am not a banker,
but a physician"
Had Confidence in Collins.
II am in the position of holding the
sack" continued DR.. Mac Diarmid,
and there is nothing in it. l do not
know whether the other fellow got
anything out of it or not, but do know
that / have been duped, and am now
suffering the consequences If I had
done a wrong, I would be willing to
suffer, but have not. had that much
confidence in Collins that / did what
he asked of me without any investiga-
ton.
Wants a Square Deal.
GAS l appear now, am absolutely
without friends. l am not asking for
sympathy but for a square deal. Ii
can get that, l feel sure that l will be
set right before the world again
There will be no personal loss 10 tlose
1 owe l will take care of everything.
Coleman Claims Prior Claim.
Mac Diarmid's reference to personal
losses doubtless came to his mind be-
cause Of certain debts that he has con-
tracted in the city. He has been llv-
ing high, and much beyond the means
of anyone not millionaire. c. M.
Coleman. proprietor of the Pilgrim,
claims priority in the attachment Sc
cured by the Iowa Telephone Company
for S144, representing the amount OF
toll calls. Mr.. Coleman's bill. up to
last evening, at o'clock, was $50. 9th
err numerous bills around town have
been incurred by the bank president.
and some suits have already been
started in justice court.
Bark Adjustment Remains Same.
1,b, .. ;c po+hinp now in the hank ad :