Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1909-10-12
DECISION AGAINST MILLIONAIRE
BANKER AND STEAMSHIP CAP
lTALIsT AFFIRMED ON APPEAL
only ONE HOPE REMAINS.
MAY HAVE TO SERVE
15-YEAR SENTENCE.
APPEAL TO SUPREME COURT TO
BRING ABOUT A REVIEW OF
ENTIRE PROCEEDINGS ONLY
COURSE LEFT OPEN.

New York, Oct 1.-THE United
States circuit court of appeals today
affirmed the decision Of the lower fed
eral court sentencing Charles w.
Morse, the former banker and steam
ship capitalist, to fifteen years impris-
onment in the federal prison at At
lanta, Ga. The decision of the circuit
court of appeals is final SO far as the
direct appeal is concerned, but it was
said today counsel for Morse may ap-
ply to the supreme court of the United
States for a writ of certiorari in order
to bring about review of the entire
proceedings by that court.
Twenty-nine Counts Against Him.
Morse was convicted of violation of
the national banking laws in misappiy-
ing the funds Of the National Bank Of
North America, of which he was presi-
dent at the time of the national panic.
He was charged with making false en-
tries on the bank books and was SEN
fenced on November 8, 1908, after a
long jury trial. Morse was indicted
March IL, 1908. on his return from
Europe, and the Indictment contained
twenty-nine counts, comprising con
spiracy to defraud the United States
government. making false entries and
misapplication Of the funds of ma
tional bank.
Manipuiations Charged to Morse.
1t was charged that Morse, with
others, was engaged in a pool that
was manipulating the stock of the
American Ice company. AS result OF
this pool, United States District At
torney Steimson declared Morse and
his associates became the possessors
OF large blocks Of ice stocks and fl
nally, getting near the end of their re-
sources, went to the National Bank OF
North America and secured money tC
continue the speculation. The govern
ment alleged that from time to time
100000 of the banks money was
used for this purpose. To conceal
these transactions, Stimson said, fc
titious loans were made on the banks
! books with ice stock really bought
| with the banks own money.
Released From Jail; Makes Fortune
On June II Morse was released or
SlGO.UUu Dali, IJOll inc IOUlDS, WnSTe
he had been confined since October
1908 Immediately he plunged into
business as if a long prison term was
not hanging over him, and during ths
past four months he is reported to
have paid off $5,000,000 of his $1,000,
900 Indebtedness and to have retained
control of large part of his exten
sive steamship interests.
Granted Stay Of Execution.
4 Morse appeared at the office of tht
United States marshal soon after th'
decision was handed down and sur
rendered himself. He remained in The
marshal's S Office while his counsel, Mar
1 tin w Littleton asked the circui
court of appeals for stay in execu
/ tion of sentence pending further pro
ceedings. An application for the re
1 view of the case will be made il
4 Washington, Oct. Is. The U. S. circui
court of appeals this afternoon granted
a stay of forty days in the execution
4 of sentence upon Morse.
Morse was taken to the Tonbs pris
on in the custody Of United State
4 Marshal Henkel this afternoon.