Los Angeles herald., 1908-02-07
MORSE NOW
ON WAY TO
LIVERPOOL
ATTORNEY CABLES HIM TO
COME BACK,
MISSING BANKER, HE DECLARES.
WILL FACE FATE
Startling Surprise Anticipates and
Developments Come Close To-
gether in Affairs of Gotham
Financler

BY Associated Press.
| NEW YORK, Feb. 6-At the raouest oe
United states District Attorney stfmson-
Albert Ii. Boardman, counsel for Charles w
1, Morse, iate tonight cabled his client at
city. " ''is
Boardman believes Morse is there and
.nat ne Wiil take passage on the first
steamer sailing west after the arrival az
Queenstown or Liverpool of the Cnnard line
steamship Campania, upon which, his attor-
neys say, Morse sailed from here last satur-
day.
Mr. Morse is not known to have been
IN the city since Monday and NAV
have left town earlier.
with Judgment for $780, against
nlm, suit for $243.321 brought against
MN by the receiver of the National
Bank of North America, his home
mortgaged and in addition attached to
cover the amount sued for, his accounts
IN several banks attached. his Console
dated Steamship company in the hands
OF receivers, his holdings of bank stock
greatly deprecated and two grand
Jurles investigating his relations with
the panKs, ne faced condition which
might have appalled, any man.
National Bank Examiner Charles A
Hanna, who is in charge of the Ma
tlonal Bank of North America. an
nounced that he was informed that
Mr. Morse had probably gone to Europe
or rad departed elsewhere for "an in
definite period"
Wife Is Silent
Mrs. Morse was at her home in this
city, but no information could be oh
tanned from her
AiperI q. boaroman, attorney Tor
Morse, was quoted today as saving
that Morse sailed for Europe SATURDAY.
"a e.lSe.s,
such crisis in his affairs.
The action brought by Bank EXAM
iner Hanna for $243,321 was to recover
the amount of loans alleged to have
been made by the National Bank Of
North America last fall, as security for
which Morse gave his note
The bank went into the hands of a
receiver two weeks ago. r. A. c. Smith
yesterday secured a judgment for S155.-
100 against Morse to cover the value
OF 200 shares of bank stock which
Morse had sold to Smith, with the
agreement that he would pay $15O.000
for 1t whenever Smith wanted to re-
turn it.
Since Morse's elimination from the
New York banking situation he has
transacted most of his business at his
f1fth avenue residence.
Has Been Before Jury
WlIhln the past ten days he has
peen before the county grand jury sew
eral times to testify concerning certain
assets of the Providence Savings Life
Assurance society, which were Deposit
ed with banks with which he was con-
nected. The federal grand jury has
been investigating the conduct of the
banks.
That Morse was greatly disturbed by
the various moves against him is in
f1aac cfl fafa f,1fr rs
Wing, attorney for the receiver of the
National Bank of North America, who
made affidavit that Morse said to him
with great agitation that he watched
his securities drop far below par" and
had kept almost all of his accounts
margined and good. but that he could
not stand it forever, and did not know
what he would do
Prior to the collapse of the various
enterprises in which he was engaged
Morse's fortune was estimated as high u
as $20,000,000.
At Steamship Office
At the office of the Consolidated
Steamship company it was stated that
Morse was at that office last Friday
He has not been seen since, and it was
understood last week that it was his
intention to leave the city.
Albert B. Boardman, counsel for
Morse was at the district attorneys
office today in connection with certain
grand jury proceedings. 1t was not
known whether his presence was in
relation to the grand jurys investiga-
tion of banking methods as disclosed
by the October panic.
Before going before the grand Jury
Boardman said he supposed he was
called to tell the grand jury what he
knew about the sale by Morse of a
large block of stock of the National
Bank of North America. Former Judge
Morgan ]. O'Brien, a law partner of
also was summoned before
the grand jury.
Result of Conference
Attorney Boardman's action in CALI
ing his client followed an hours con-
ference with Mr.. Stimson, who was in
charge of the investigation before the
federal grand jury of the recent con-
duct of certain national banks
Mr.. Boardman had been subpoenaed
to appear before the grand jury, sup
posedly. he said to tell what he knew
Of Morses connection with certain
banking institutions. The jury did not,
however, reach Boardman's testimony
and sent word for him to return tomor-
'ow. In the meantime Boardman had
been closeted with the federal district
attorney. AS he left the federal build
ng Mr. Boardnan was asked whether
1e had said that he could produce
Morse should he tonight be wanted.
mo" he replied, ''but at the request
If United States Attorney Stimson I
nave cabled Mr.. Morse at Liverpool to
come back, and | have reason to be-
ieve he win return at once. He Is now
)n the campania."
Asked why Mr.. Stimson had re-