Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-02-06
S,aTch by Creditors for
Founder of Steamship
Trust Fails.
Is BADLY INVOLVED
Property Tied Up in Every
Conceivable Shape and Grand
Jury Investigating.

New York, Feb. G.-Search was con-
tinued today for Charles w. Morse,
banker, promoter, and organizer of the
American Ice company. and the $780,
100000 Consolidated Steamship COM
pany. Morse is not known to have
been in the city since Monday, and
may have left town earlier.
Deep In Trouble.
With judgment for S155, 1853 against
him. a suit for $2l3,321 brought against
him by the receiver of the National
Bank of North America his home mort
gagged and in addition attached to
cover the amount sued for, his ac-
counts in several New York banks at
tached, and his Consolidated Steam
ship company in the hands of re
ceiyer, his holdings of bank stock
greatly deprecated, and two grand
juries investigating his relations with
the banks, he faced a condition which
might have appalled, any man.
Says He Left Saturday.
Albert =. BOardman, attorney for
Morse, is quoted today as saying
Morse sailed for Europe Saturday on
the steamer Campania, that he will be
absent three weeks for a rest, and
that he did not anticipate such a crisis
in his affairs as has arisen.
Creditors Anxious.
New York, Feb. g. Charles w
Morse, deposed banker, ice man, and
steamship promoter. cannot be found
by local representatives of the con-
roller OF the currency or by other
creditors anxious to attach mis- prop
crty.
Charles A. Hanna, national bank eX-
aminer, who has charge of the local
examiners. and who is receiver of the
National Bank of North America, pre-
sented affdavits to Justice Leventritt
of the supreme court yesterday in
which it was alleged that Morse had
left this country. Mr. Hanna made a
statement to the same effect last night.
Probably in Europe.
The receiver was informed late
Tuesday evening" said Mr. Hanna,
gone to Europe or departed elsewhere
from New York earlier in the day to
be gone for an indefinite period
This information being confirmed
by those in charge of the Morse res
idence, the receiver took measures yes
terday to attach such of Mr.. Morse's
assets in New York as he may be able
to locate.
"A writ of attachment was obtained
and served upon a number of banks
and bankers in the down town district
and lis pendens filed upon Mr.
Morses Fifth avenue residence"
snid He Planned Long Trip.
Mr. Morse transacted most of hi,
business at his residence, 72S Fiftl
avenue, since he was put out of hi
banks and other business enterprises
For the last week, according to Thorn
as E. Wing, % Pine street, who is at
torney for Receiver Hanna, he and hi
subpoena servers have been unabl
to find Mr.. Morse either at his hom
or any other place.
Mr.. Morse's affairs have been unde
consideration for the last three month
by the United States grand jury. re
Gently continued in Office after thei
protracted investigation of bank tran!
actions, and also by a special gran
jury of this county
As far as it is known no indictmen
was returned in any of these bankin
cases except those against Fritz Al
gustus Heinze. Mr.. Morse, of cours
cannot be brought back, if indeed h
has gone away on civil process.