The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-01-08

FIFTEEN CHECKS
10 THE CHARGE IN INDICTMENT
FOUND AGAINST r. Angus.
TUS HElNZE.
SURRENDERED HIMSELF
TO u. s. Commissioner-Rel Released on
$4,000 Baii---Says He Did Not
WilfuIiy over-certify Checks
In Question.

New York, Jan s. Indicted by tn,
federal grand Jury for oyercertitica
J ton CT fifteen checks representing
over 100000 and drawn by the firm
iof Otto Heinze and Company on the
Mercantile National Bank, +. Angus.
Itus HeinZe. copper magnate and form
Ter president OF the Mercantile Nation
lal Bank, surrendered himself TO Uni
tied States Commissioner Shields to-
Iday and later was released on s5o,-
hail Heinzo viii be formally arraign-
ed to plead to the indictment before
Judge Chatfield Iii the United States
ICircui. court tomorrow.
Edward Lauterbach, counsel for
Heinzc, stated tonight that his client
did not wilfuIly oyercertify the
the checks as he had drawn q check
TO the credit OF Otto Heinze and Com.
pany. to the amount Of 100000
which the boekkeeper of the bank
possibly failed to enter on the books
until the ,Eay after the certifieation Of
tho checks III question.
The Indictment of Heinze Is the af-
termath OF the collapse OF the Helnze
pool Ia United Copper and which
brought about suspension Oh Gross
and kleeberg, stock brokers, and sub
seanently resulted In the resignation
Dt H. Augustus Heinze from the presI
dency and retirement Of the directors
ul the Mercantile National Bank. after
an examination of the Institution had
been made bysthe clearing house com
mittee. He declared a. tlg.. iimo taa;
he had bee nbetrayed by bis friends
he had been betrayed by his friends
Heinzo had been informed quietly
that indictments charging him with
lyer,certiiication of fiftten checks, all
lrawn on October nth, Just before the
smash in United Copper. had been
ound by the federal grand jury IN
December and that his appearance
would be required today. Without |
waiting the service OF bench war
ant Heinze accompanied by his coun-
el, appeared before Commissioner
shield this afternoon The proceed.
ngs were short. Heinze pleaded not
utility and bail was furnished imme-
lately by surety company. When
hese proceedings We're concluded
Ieinze told the newspaper men he |,
Id not care to make aly statement:
nd hurried away with his counsel.
he indictment contains thirty counts. 1.
Tho indictment specifically charged 4,
nat Heinze while president of the
Iercantile National Bank. cver.certi
ed fifteen checks. This is, that he
by bank signature that
inns Indicated in the checks were
eld by the institutioa TO the credit Of
he drawer Tc over-certify bank
aper is under the federal statute an
Tense punishable by Imprisonment
not less than five years and not
ore than ten. One count is devoted
each ehecI involved.
Ii is alleged that Heinze knew Otto {
einze and Company did net have to
3 credit tho sums named in tho var.
us checks. The sixteenth count IN
e indictment charges that Heinze
tentionally applied the funds OF the
INK and without the knowledge Of
e knowledge OF the directorate to &
g payments OF tho fifteen checks d
avn by Otto Heinze and Company q
ID knowing tho company did not Il
we to its credit the sums named IN h
Q variouschecks. "
For such offenss &c federal stat {
es provide 2 penalty CT not leas q
an five years imprisonment or "
e Of not more than s5.e0e CT both. o