New-York tribune., 1908-02-11
C.. W. MORSE INDICTED.
BIG BAIL FOR BANKER.
Tco Separate Writs Brought In
IN BANKING Case.


The special grand Jury investigating the bank
situation. after all day session, handed down
five indictments yesterday afternoon. three of
which described by District Attorney
Jerome as of the routine order but the other
two were against who is now on his way
over here. In these last two he said that bail
should be set at $4,000 on each indictment.
request which granted by Justice Dowling.
No names were mentioned by any
cerned as to the identity of the against
whom the last two indictments were found, but
1t learned that they were for Charles w
Morse, who is now on his way back from Eu-
rope.
The indictments handed in shortly before
o'clock TO Justice Dowling. and after being
read by the justice turned over to Mr..
Jerome. who put them in the mot arrested box.
That Mr.. Morse would be indicted during the
day was fully believed in the Criminal Courts
Building. and the announcement of the indict
ments did come as surprise. One Of the
Morse transactions which the District Attorneys
office has been Investigating and which IL
was said yesterday the grand jury had acted.
the discounting by Morse Of one note which
was given by ex-Justice Morgan ]. O'Brien,
made payable to himself. The fact that Mr..
O'Brien was one of those called before the grand
jury yesterday has added color to the rumor.
shares of stock in the National Bank Of North
America. The understanding between Mr.. Morse
and Mr.. o Brien that the note should not be
discounted for certain time but before the tina
was I'D 1t is alleged, he took it to one of his
banks and received a check payable TO Mr.
O,Brien, which check he did not turn over to
the latter
When the note became due Mr.. O'Brien was
called on TO take 1t up and he did so. The Dis
trict Attorneys office has been trying to find out
If there was anything wrong in Morse's action in
the note matter.
BOARDMAN SEES JEROME.
Albert B. Boardnan. counsel for Mr. Morse,
with ex-Assistant District Attorney Rand called
on Mr. Jerome early yesterday morning and re-
rnained closeted with him for nearly hour.
MI Rand denied after the conference that he had
been retained as special counsel for Mr.. Morse.
F. Augustus Heinze. who was associated with
Mr. Morse at one time. was also caller at the
Criminal Courts Building and had twenty min
utes' conference with Mr.. Jerome He returned
about o'clock and after seeing Mr. Jerome went
before the grand jury where he remained for
some time.
Next to follow him was Miles NJ. OBrien. a
director of the Mercantile National Bank. who
remained only few minutes. As he left the
room he was asked on what lines the jury had
examined him and he replied: Only to con-
meet up links in chain, suspect" Ex-
Justice O'Brien then was called into the jury
room. but remained only II short time. as did
E B. Wire. cashier OF the Bank of North
Gmerica-
The federal grand jury also looked into the
banking cases under the direction of Assistant
United States Attorney O'Brien, after consider
ing several minor federal cases The jury, how
oGi r0ad
handing down any indictments of men interested
in the recent banking cases.
Two witnesses examined, a Mr.. Daven-
port said TO be a referee in several banking
cases, and a Richard Wells.
FEDERAL ACTIVITY HERE.
1t was learned also yesterday that of the
Treasury Departments expert accountants and
bank examiners arrived from Washington. and
il was said that his services had been called in
in connection with the complicated banking
situation A prominent federal official. who
was asked about the statement that Mr. Slim
son would cause the arrest OF Mr.. Morse on his
arrival in this country. said that such rumor
was unfounded. The investigation made by the
epecial grand jury into the O O'Rrien- Morse note
transaction il was said yesterday. also be
ing looked into by the federal grand jury in
another phase.
p Augustus Heinze said yesterday that he
had TO intention of bringing suit against Mr..
Morse or pressing him in any way for payment
of any moneys owed TO him
THE poorest thing the creditors of Mr.. Morse
can do at the present moment said Mr.. Heinze,
lis 10 press him for money right now, when he
has his hands so full He hasn't away,
doesn't intend to run away and will pay I'D
every dollar If only given chance He is
good fighter, and will make it warm some day
for those who traducing him now when he
IS temporarily down. | have no intention Of
troubling him with any more suits
Stanley Clifford the secretary and treasurer of
the United Copper Company and close asso-
ciate of Morse and HeinZe expressed the same
views as did Mr.. HeinZe. Its an outrage"
said Mr. Clifford the way people are bounding
Mr. Morse at present There will be a day OF
reckoning soon
MORE HANNA SUITS PENDING.
II was learned yesterday that Charles a. |
Hanna receiver for the National Bank OF North |
America who is suing Mr. Morse for S2f30
on second
pLtI plIIa EVERY