Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929, 1908-04-05
BANKERS EDOLEMAN AND NOLAN HELD
TO i. S. JURY IN SUM OF $4,000
Affairs of First National Bank of Bisbee are in Bad Shape
and There is Much Evidence of Crooked Work
Charged With Making False Statement
and Making False Entries
BIsBEE, April 4,-Aftcr hearing the

BISBEE, April 4.-After hearing the
evidence submitted by the government
in the case of President w. ]. Eddie.
man and j.. II. Nolan, arrested on the
charges preferred by II. ID. Marshall
Jr., W. j. Eddleman was held to an.
sver at the next session of the United
States grand jury in the sum of $780,.
600 and Nolan in the sum of $4,000.
The evidence submitted was the first
definite information which had been
given to the public concerning the spe-
cifc charges against the bank officers.
The defense offered no testimony af.
ter the government had submitted its
testimony. The testimony offered by
the government, unless it can be ex.
planned by the defendants on their
final trial, diseloses very bad state of
affairs.
Two of the sureties on the Eddie.
man bond qualified on condition that
they would be released this morning and
someone substituted in their places.
Bank Examiner II. d. Marshall. Jr..
vas the principal witness in each of
the eases. He told of his visit to the
bank on March 20. He noted irregular.
tiles and reported 20 the comptroller of
the currency that in his Judgment the
bank was insolvent and could not pay
its obligations. 1t was on this date
that he discovered that $4,000 had beer
charged to the First National Bank OF
Il Paso, debited to the First Nationa 4
bank Of Bisbee. and the same date
credited 10 the account of Presider
Eddleman.
Marshall related briefly the discrep-
sncies in President Eddleman s accounts
On his suggestion Eddleman gave
note for $1,000 to cover shortage
Of that amount due the First Ma
tional bank of Ell Paso on the $1,000
transaction.
From records, Examiner Marshall
identified and explained the charging
Of $1,000 to the First National bank
Of Fl Paso and the crediting of the |
same to the First National bank of Bis
bee and to President Eddleman individ- |
1ally. This was on January o, 1908. }
The sane date President Eddleman
checked against this account. The
credit and debit tickets found by FIX I
aminer Marshall were in his hand writ
ms. The minutes of the bank gave no
record Of any authority for President 1
E5ileman s action.
The examiner stated that Eddleman |
had admitted making the entries of .
The Fl Paso transaction in the bank
ledger and in the individual ledger or
having at least directed their entries.
His attention was called to the fact
that he was $1,000 short in his ac-
counts when Marshall came to make an
examination of the bank on March 90,
1905. At this time $4,000 had been
credited back to the First National
hank Of FL Paso and the note of Pres
nent Eddleman was given to cover this
shortage of $1,000 which appeared in
als accounts. President Eddleman told
Examiner Marshall that he remembered
sledlting $4,000 to the FL Paso bank.
ne had overlooked the fact that he
lad not credited the other $1,000.
Eddleman' s cancelled checks. Exam
hef Marshall testified, showed that he