Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-16
AWAITING MR.. MORSE
Detectives Eager to Welcome
His Arrival Tomorrow.
is ON BOARD THE ETRURiA
Will Be Met by Officers With War
rants at Quarantine.
BAIL PROBABLYW1LL BE $4,000
Little Prospect Now That the Bank
er Has Any Equity Over the
Many Claims Against Him.

Special Dispatch to The Star
NEW YORK. February 15.-Charles W.
Morse. the deposed banker, is due to ar
rive tomorrow on the Etruria. war
rant for his arrest on the grand larceny
indictment found by the county grand
jury was issued today and handed to
Lieut.. Peter Berry. who is detailed to
the criminal courts building. to be served
Lieut.. Berry and another detective from
the criminal courts building will go down
the bay In the morning on revenue
cutter. Assistant District Attorney Kre
sci. who has had charge of the case
against Mr.. Morse. may accompany them
The detectives will board the liner at
quarantine and serve the warrant. Morse
will be taken up the bay at once and
arraisned before Justice Bowling at the
latter's home in West 5sth street. Morse
will probably be represented in the court
proceedings by William Rand. former
assistant district attorney, and one Of
his counsel will also go down the bay
to meet him.
Amount of His Bail.
The district attorney will probably ask
that bail be fixed at $4,000 and it is
understood that Moore's lawyers have
made all arrangements for that.
The federal authorities will not make
any move against Morse tomorrow. The
county detectives, however. were ordered
by General Bingham, commissioner of
police to defer to the federal agents OF
the latter attempting to make any arrest.
The United States grand jury will prob
ably hand down it's bills against Morse
Monday or Tuesday. 1t is understood
that two others, men who were merely
Morse's agents, will be named at the
same time.
The returns from the attachments served
under the National Bank Of North Ameri-
cas- claim for $243,OOO are all in at the
shertf's Office. They show outstanding
loans to Morse by New York and out
side banks and trust companies aggregat-
ing $:.5=22OOO This amount is consider
ably less than the general estimate that
had been made.
Stocks Are Tied Up.
Against these loans are many securities
Of uncertain values, such, for instance,
as the stocks of banks that have gone
into the ha0ds of receivers. Men who
have been consulted by the receiver of
the Bank of North America have given
it as their opinion however. that under
present conditions there is hardly any
equity belonging to Morse in the lot.
The returns include not only all the
banks and trust companies in Manhattan,
but most of those in Brooklyn. Morse's
loans from out-of-town banks were OBJ
tained either from his note brokers or
from institutions in this city which are
acting correspondents. On the showing
made from the bank returns MOrse's af-
fairs are apparently fully as bad as they
were represented to be by some of his
friends soon after he sailed for Europe.
The returns from the 15O-Odd banks and
brokerage firms show only $1O5 in cash
belonging to Morse.
Holds No Ice Stock.
There isn't a single share of American
Ice Securities in the list OF collateral re-
turned by the banks and trust companics.
1t has frequently been said that Mr..
Morse got rid of his ice stock while his
friends still had confidence in It, Some of
these friends are still holding the bag.