The sun., 1908-05-13
BANKS Loss NOW $t,8SO,OOO
PITTSBURG CASHIERS BAIL rs
RAISED ia 100000.

hcpunHCAn NANuiuAbo Tut NOubFosNt ~
come His nOndsmen-DefaulteF Makes
Statement Impllcating Others In Theft.
PrrrsBURo. May l2.-willlam Montgom-
cry, the defaulting cashier Of the Allegheny
National Bank who had been free under
$4,000 bail, was delivered to the Court this
afternoon at 4 O'Clock by his bondsman,
George E. Tener after IL had been discovered
by the bank examiner William L, Folds,
that Montgomery's deialcation would reach
at least 81 $50, 900 instead Of Nos 900, a.
originally announced.
Continued threats on the part Of Mont
gomery to commit suicide also caused
Tener TO want some one else to share the
responsibility with him.
Four hours after Montgomery's second
arrest he was again released, after his bail
had been increased to $4,000. TenOr
agreed to be responsible for his appearance
in the original amount Of $4,000. while
Richard r. Quay, son Of the late Senator
N. s, Quay went on the bond for another
$4,000
For the first time since his defaleation
was discovered Montgomery unbosomed
himself during the four hours that he waS
In charge Of the officials. In the presence
Of witnesses he told part Of the story Of the
looting Of the bank. A stenographer took
down his words which will be used In an
effort to regain some Of the stolen money.
The only part Of the confession given out
tonight by Bank Examiner Folds was
that Montgomery had exonerated all the
politicians whose names have been brought
into the case. He also gave information
| which will probably result In the arrest OF
! several others
Examiner Folds said that although the
deia cation Of Montgomery would reach
81 $4,000 and probably more, the capital Of
the bank Is intact. About $500, 900 has been
recovered In notes and stocks,
Montgomery's reaTrest thiA afternoon was
spectacular. As soon as Tener, the bonds
man, discovered the extent Of Montgom-
ery's defalcadons, he announced 10 United
States Commissioner William +. Lindsay
that he would surrender the former cashier.
AT O'Clock Deputy United States MarshAll
MoBirney, with ballplece, located Mont
gomery at the Office Of his attorney, G. c.
Diekey. Accompanied by the attorney
he went 10 the Office OF Commissioner Lind
say, who turned him over u prisoner TO
United States Marshal Stephen P. Stone,
his friend Of thirty years. Tears ran down
the cheeks Of the marshal as he took charge
Of Montgomery.
Within a short time Mr.. Tener. Richard r.
Quay, Bank Examiner William H. Folds
Commissioner Lindsay. Attorney Diokey
and Marshal Stone withdrew TO the latter's
private Office Then began an effort to
draw from Montgomery some Of the facts
in connection with his wrongdoings. Ever
since his arrest he has been absolutely non
communicative The United States ofh-
Gals and officials Of the bank realized that
statement from Montgomery would be
necessary II any Of the money was to be
recovered.
For an hour after the little party entered
the office together Montgomery. main
tanned his stubbornness. He 10 a physical
wreck. For four days and nights be has
had no sleep and he trembled from nervous
ness and exhaustion.
Finally Montgomery broke down and
said he would make a statement, 90 ste
nographer was summoned. The questions
we-o asked by Bank Examiner Folds, Whns
Dicksy, the attorney for Montgomery.
saw that his client did not incTiminAto him
self. 1t was 8 O'Clock this evening before
Montgomery had finished his story.
Meantime Toner and Richard Quay had
had frequent conferences, and at khssOOn.
oluslon Of MontsomeEy's statement 4thg
announced that they would beoom6 hs
bondsmen In the sum Of 100000 To
amount demanded by CommisEionW Lind
say. The new bail bond had been pFOpared.
and after II had been signed by TmsEl end
Quay, Montgomery was told that be 'WNa
free until May IS, when he viii be called Tor
preliminary bearing
Montgomery broke down complotaD
when the ordeal was over and wepA He
was 80 weak that he could scarcely StanA.
and he was half led and half carried 10 GoaR-
rage which had been called TO take klmOo
his nome. Two Of HontEomSTy's E5eSSs
intimate friends went home with him. 30
fearful are they that he will attempt b take
his life that constant guard will Be kept
with him day and night.
Slnce the nrst arrest Of Monteomsry.
although he positively refused 10 mahs
any statement which would incrimAnatS
others, he made arrangements 20 turn over
to the bank every penny OF his own fortune.
which before the failure was estimated ~
about half a million dollars. On Saturday
last he turned over TO the bank al that
was left Of his Tonopah Extension stook,
which he purchased from Robert Hall, .
local broker. The original purchase was
l25 900 shares, which was bought at -
share. Later II advanced 20 tlS q ShaTS.
and then started to decline. Yesterday
900 shares Of Tonopah were thrown on the
market. breaking the price down from
N.lS to q. To-day l,40O more shares were
thrown on the market. The stock opened
this morning at 81 and dec.!red 10 IS cents
at the close.
Montgomery also owned large quantities
Of shoshone, To-day s,eiS shares Of this
stock was thrown on the market, causing it
10 decline from S10s to SO cents,
Montgomery also turned over to the
bank to-day 100 shares Of stock Of the
Allegheny National Bank. The stock was
lately worth $40 share.
CHANCE FOR ANOTHER BIG FINE.
etanda rd oil Con,nany On Trial IN RoeheEtar