The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-02-17

Morse, against whom the Federal |
grand jury found three indictments |
last Tuesday, has arrived from Europe, |
On his arrival he was arrested for the
larceny Of 100000 and released under
$40, 900 bail
NEW YORK, February 5.-Charles
w. Morse, organizer of the Ice Trust
and of the Consolidated Steamship Co.
of the foremost financiers of America,
has disappeared. His creditors today
attached all his property in this city,
including his residence at 72S Fifth
avenue, in a suit begun by Charles A.
Hanna, National Bank Examiner as
receiver of the National Bank of
North America, which Morse controll-
ed.
In the papers on which the attach
ment was granted it was stated that
Morse had left for Europe within the
't'''I iN' htAF JuNShlNlli W uNlulllC
for $155,753 in another suit was also
entered against him today.
Morse's whereaDout are unknown to
the Federal officials, who have been
investigating with the aid of the Fed
eral Grand Jury, his transactions with
several national banks of this city. 1t
was reported tonight that not only is
Morse ruined financially. as the facts
set forth in Hanna's complaint would
indicate, but ne will, if found, have to
face criminal charges arising from the
Grand Jury's investigation.
MOrses fortune three years ago was
eliminated at $2O,OO0,OOO. Three months
ago he displayed negotiable securities
for 81 100000 Now he is said to be
practically penniless.
In statement issued tonight Hanna
said that he was informed late on
Tuesday that Morse had gone to Eu-
rope. OF at least had left New York
earlier in the day to be gone for an
| indefinite period. Hanna therefore took
/ immediate steps to attach ali Morse s
property in New York after he had OBJ
tanned confirmation of the report OF
| the former ice kings disappearance.
| The summons and complaint in the
action of Hanna are specifically TO
recover $243 ,321 and interest. This is
made up of two items-one of $203,-
| pot ,,,;tl, ;r+ora,t frOr,, SantpO,har %
/ 1907, and another of $4,000 with in
terest from October u, 1907, that be
! ing the amount of Morse's Indebtedness
to the National Bank of North America
The papers were filed with Judge
| David Leventritt of the Supreme Court
today. An affidavit of Thomas Wing
attorney for the Bank of North Amer.
lea, was filed, stating his belief that
Morse had fled to Europe. Judge Lev,
entritt was not satisfied with Wings
affidavit and a supplementary deposi-
ton, giving in detail the reason that
led to the belief that Morse had gone
was submitted later,
On receipt of this supplementary al
fidavit Judge Leventritt at once grant
ed a writ of attachment directing the
Sheriff to seize all the property belong
ing to Morse that could be found IL
New York county. Similar papers were
served on the various banks in which
it was thought Morse had deposits.
Morse has had a me;eoric career. HI
! Anafn6 nni
enterprise after another At one TIM
he controlled banks, trust companies
insurance companies, steamship com
panies and other corporations, the ag
gregate resources of which were est
mated at more than $300,000,0OO.
In 1906 he paid $75O,OOO for two five
story houses at 72O and 1922 Fifth ave
nue., and lived as befitted a multi-mil
lionaire of the new type. Deposltor
Aocked to his bank because 'Mors
was behind them" and the end of hi
financial reign was not in sight.
Meanwhile conservative bankers ha
determined on the elimination OF Mors
from the city's big finance. The Mer
camille National affair was followed b
the closing of the National Bank G
, North America. His resignation fror
all the banks in which he was directo
was forced. Even this did not stem tn
tide that had set in against anythin
any everything that bore the Mors
brand. Nevertheless, with boldness an
, tenacity that had characterized his ca
reer, he sought to get back, to recoVe
his prestige. To prevent him from dc
r ing so it was found necessary to max
I the elimination process complete.
r QUEENSTOWN, February IA col
I respondent tonight boarded the Cunar
line steamer Campania and foun
Charles w. Morse of New York in tn
smohng-room enjoying a game {
J cards. Without a moments hesitatio
!, Morse granted an interview. He wa
shown extracts from London papers n
q ferring to him as having fled from h
C creditors, etc. Morse said there wa