The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-01-23
CRIMINAL CHARGES
AGAINST GLAZIER
POSSIBLE


has now been put into his mouth.
1T is not my purpose 10 so into
detailed discussion OF Mr.. Glaxler >
statements. only desire to say
thar 30 far as they relate TO me OF 70
my actions and that. by the way, con
stftutes absolutely all there is 70 them,
ore for the most part absolutely false.
| have never mentioned the matter OF
O Gel-osit In the Detroit United hank
to him during the year 1907, when an
increase In that deposit was mad
IL was for the state treasurer aud
for him alone to determine what banks
should be given deposits and what Sc
curities should be secured on account
thereof In the exercise OF this power
Mr.. Olazier has demanded ooads
ranging all the way from 20 to
200 per cent.
"Mr. GLACIER must have had the full
est knowledge OF the depressed condi.
ton OF his own bank. Inasmuch as
Mr.. Glaciers statement makes men
ton of the Detroit United bank,
might say that 1t paid 100000 into
the state treasury Immediately after II
was requested to do SO.
A FIlmsy Answer.
"The books OF the state treasurer's
Office show how fiimsy and wholly at
variance to the facts is Mr.. Glazier's
answer to the charge that he exacted
less rate Of interest from the Chel'
sea Savings bank than from other
banks having similar deposits OF state
moneys.
I'm reference to Mr.. Glaciers state.
ment that he never made an Illegal
deposit In the Chelsea Savings bank,
| Il is only necessary TO say that the
books show that he deposited state
money in that bank late In November
at time when, as shown by the facts
developed since the failure, he abso-
lutely and positively knew that both
| the bank and himself were insolvent.
az am charitable enough to think
that possibly when he subscribed 70
the statement published yesterday
that he may have been In that unior-
tunate state OF mind, described by Ms
attorney In the executive once a
few days since, when he stated that
GLACIER was wholly unable to intei'i'
gently discuss any phase or the mat
ter"
Glaciers Accusations.
In his letter Of resignation, present
ed to the governor by Attorney james
8. German. OF Chelsea. counsel for Gia-
rier, the latter says In part:
when these charges we're hrsl
made | declined to accede to your re-
quest. I then stated publicly that |
could not at that time state my rea-
son for that decision. l am now at
liberty tn do so. At the time OF clos
ing the Chelsea Savings bank. as state
treasurer. had on deposit In the De-
troit United bank. OF which you are
vice president, $25o.000 Of state funds.
Your bank had given bond OF only
s5O. 900 to secure such deposit. l had
been informed that the Detroit United
bank had OF it's funds over 100000
on deposit with the Knickerbocker
Trust Co. OF New York at the time OF
its failure.
Attorney General Bird, within few
days OF the closing OF the Chelsea Saw
ings bank, advised you and advised me
that the deposit or $250,000 In your
bank was unlawful for the reason that
the Detroit United bank was not le-
gal depository for state funds, and In
sisted that the deposit be turned back
In the treasury. knew 1t would re-
quire some effort on the part OF the
bank to make such payment in view
of its condition, greater burden than
now bear would be cast upon me,
and upon the sureties upon my bond.
knew yeu would not make an effort
to remove me from office, notwith.
standing your statement to the public
press, until after the bank had refund
ed to the state the deposit referred to.
The greater part OF that deposit has
now been paid.
It Is my intention as soon as my
health VIII permit to interest myself
In straightening out my business at
viii receive every dollar which has
come into my hands as state treas
urer, To continue to hold this ONCE
further 1a s smbarr Sns me- Therefore 1 ou IN
view Of my duty to the state, my fam
lily. my friends and myself. hereby
%y 81 &c 70 ss: Of
take this course from no fear that
you can sustain the charges you have
Your charge, that the depositing Of
sBSb.000 and upwards 1.-TWO hundred
and ninety-two thousand OF which was
in the Chelsea Savings bank, In which
I was a stakeholder, director and pres
ident was In violation Of section 1901,
compiled laws. 1897, deny. Insist
that / have not violated that or any
Other, provision OF the statute in meet
BY your Construction OF this statute
I could be charged with neglect Of
duty * deposited any of the state
funds Ono matter how small In amount)
in any bank In which / was stock
That Is not the purpose of that
FOR ne arly three years. you were ia
miliar with and cognizant OF the fact
that I had deposited some OF the state
funds In the Chelsea Savings bank,
ing ali that time. that. I was q stock
holder. director and president, yet
you never intimated that I was vio-
iatinT any law OF the state or any rule
governing the conduct OF tho business
OF ths office OF state treasurer until
cessitated my Detroit creditors stimuli
tanoously TO call In all loans.
YOU fourth charge II that Of gross
neglect of duty in depositing 1856, 900
and upwards In the Chelsea Savings
bank, without ample security therefor.
II this charge Is true why have you
so long neglected to take action? Was
IL because you were borrower at tho
Chelsea Savings bank and had been
carried by said bank for long time 2
Was IL because the Detroit United
bad been favored with q deposit OK
y25o.oOo. which deposit was solicited
friend. A. c. BIRD. had. by your So
licitatlon. been favored with q loan OF
thirteen thousand dollars tisooo) by