New-York tribune., 1908-02-15
INDICTMENT FOR SNOW
EX-TREASURER MISSING.
Bench Warrant Out for Former
Telephone Official.

The Kings County grand jury indicted yes
terday morning for grand larceny Henry Sanger
Snow, the recently retired treasurer of the New
York and New Jersey Telephone Company. The
district attorney issued bench warrant for his
arrest.
Mr.. Snow left his home on Wednesday noon,
according to his daughter. and has not returned
since that time. Acting Captain Kuhne. of the
detective bureau at Police Headquarters has
had men watching the Snow home, at No 80
Henry street ever since o'clock on Thursday
evening. His men were instructed not to arrest
, the man unless he attempted to leave the state
Yesterday morning after the bench warrant
was issued Detectives Tunny and Clark
searched the house from cellar to roof. but in
vain. No trace OF the missing man had been
discovered up late hour last night
Mrs. Snow is Frustrated by the shock caused
by the revelations made as TO her husbands
affairs The family say that they do not know
what has become of Mr. Snow.
When Captain KuIlne asked what he
would do with Mr. Snow when he caught him,
he said I'VE shall treat him the same as any
other prisoner that Is brought here on war
rant. We shall take his pedigree, photograph
and measure him for the police records"
It was Captain Kuhne who directed that the
bankers indicted several months ago be treated
in this manner, and he is still waiting for the
tempt of court brought against him by Justice
Marean, of the Supreme Court. for OBTAINING
John G. Jenkins, jr at headquarters after he
was served with a writ of habeas corpus for
the production of Mr.. Jenkins in court.
BASIS OF INDICTMENT.
The charge in the indictment against Snow is
based on evidence that he took $40 600 in bonds
of the telephone company and that he de-
posted them for personal loans and stock mar
gins as collateral. District Attorney Clarke,
acting on the published reports of the shortage
in Mr.. Shows accounts called President u n.
Bethel and Alexander Cameron, the company's
counsel, before the grand jury yesterday.
Mr.. Shows friends have been at work for sew
eral weeks it is understood trying to raise
funds TO straighten out his difficulties. The
bonds which Snow is said to have misappropri
ated should have been applied TO the cOrnpanys
sinking fund. 1t has been the custom OF the
company TO purchase the market its own
bonds The Metropolitan Trust Company was
trustee OF the issue of bonds which included the
$4,000 worth that Mr.. Snow is said to have
taken. This company is also the trustee of the
telephone companys sinking fund. In the ordi-
nary course Of business Mr.. Snow after pur
chasing the bonds with the telephone companys
money would have sent them TO the Metropoli-
tan company. They would then have been re-
tired. Instead of doing this. it is said. he sent
them TO other financial institutions and raised
personal loans them.
II is believed that the grand jury investiga-
ton into Mr.. SHOWS conduct the treasurer of
the telephone company has not yet ended 1t
will continue. il is said when the men who are
working over the accounts of the company have
completed their work and the exact extent of
irregularities in the ex-treasurer's accounts is
definitely ascertaned.
Besides the $4,000 worth of bonds for the
larceny of which the indictment returned
Yesterday some S145,O00 of the telephone com
pany's treasury stock is said to have been
diverted TO the treasurers personal use.
When Mr. Shows irregularities were first dis
covered the company informed the corporations
holding the bonds and stock not to sell them.
It has now asked them for ii any equity
which would belong TO Mr.. Snow after such
sale
SHOWS DISAPPEARANCE A SURPRISE
The sudden disappearance Of Mr. Snow. fol-
lowing his Indictment, caused considerable sur
nrise among his former fellow directors in the
tAIephone company One of them said yester-
dav that the former treasurer seemed apparent
l,- entirely unconcerned during conversation
ba had with him only two days ago. although
both r,an were aware that Shows conduct of his
fxht