Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-06
Search for the EX-Banker, Pro-
moter and Organizer So Far
Results in Failure.
WAS RATED AT s2o,ooo,ooo
This Before Collapse of His Various
Observation-Disclosures Placed
On Everything pf His.

New York, Feb. 6.--Search was con
tinucd today for Charles w. Morse. the
banker, promoter and organizer of the
American Ice company ana the S120,-
600 0O0 Consolidated Steamship com
pany. Mr. Morse is not known to have
been In the city since Monday and may
have left town earlier. With a judg
ment for s155,7b3 against him; suit
for S243,321 brought against him by
the receiver OF the National Bank OF
North America; his home mortgaged
and I'm addition attachments to cover
the amount sued for; his accounts In
several New York banks attached hiss
Consolidated Steamship company in the
hands of receivers; his holdings of bank
stock greatly deprecated. and two
grand juries investigating his rela-
lions with the banks, he faced a con-
dltion which might have appalled, any
man.
MAY BE ON OCEAN.
National Bank Examiner Charles A.
Hanna, who Is in charge OF the Ma
tional' Bank of North America, an
nounced that he was informed that Mr..
Morse had probably gone to Europe or
had departed elsewhere for an indeii-
mite period. Mrs. Morse was at her
home in this city. but no Information
could be obtained from her.
Albert b. Boardman, attorney for Mr..
Morse was quoted today as saying that
Morse sailed for Europe Saturday FOR
three weeks rest, not anticipating
such a crisis in his affairs.
The action brought by Bank Exam
liner Hanna for S24332l WAS TO recover
the amount of loans alleged to have
been made 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.
r. 4. G. Smith yesterday secured q
Judgment for $l55.753 against Morse TO
| cover the value OF 500 shares of bank
stock which Morse had sold 10 Mr.
| Smith with the agreement that he
| would pay Slb0,000 Tor II whenever MIR
| Smith wanted to return it.
Since Mr. Noses elimination from
! the New York banking situation he has
| transacted the most OF his business al
! his Filth avenue residence. Within thC
| past 10 days he has been before IN,
! county grand jury several times to tex,
! tify concerning certain assets OF IN,
| Providence Savings Life Assurance so
ciety, which We're deposited with bank,
With which he was connected.
The federal grand jury has been In
ycstigating the conduct Of those banks
That Morse was greatly disturbed
by The various moves against him Il
indicated by the statement of Thoma
Ewing attorney foi the receiver OF tn
National Bank of North America, VIII,
made aludavit that Mr. Morse said Il
him with great agitation that he ha,
WATCHED his sccuritles drop far beloy
par and had kept almost all or hi
accounts margined and good, but thu
he could not stand II forever and dn
not know what he would do
Prior to the collapse of the variov
enterprises in which he was engage
ar Morses fort ne was estimated "a
high as s2O0O00O0
At the office " the Consolidate
steamship company II was state
that Mr.. Morse was at that Office lai
FRIDAY. lie has not been seen sine
and il WAS understood last week IN,
Il was his intention 10 leave the Elf
Albert -. Bonrdman, counsel 4,
SIR. Morse, was at the district alto
neys office today in connection wiz
certain grand jury proceedings
was not known whether his nresen,
was In relation 90 the grand iury
Investigation OF banking methods
| disclosed by the October panic.