Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-10-15

tional bank. Morse surrendered himself
and his attorneys Immediately began
steps to carry his case to the United
States supreme court and to secure a
continuation of his bail bond pending
further argument.
While the court did not tighten the
sentence which Morse had been striving
to annul, the decision was not entirely
adverse because it sustained only ten
of the ffty-three counts on which he
was convicted by jury. This, say his
attorneys, will leave a means of ap-
proach to the court OF last resort, and
an application for q writ of certiorari to
review the case will be made ON October
Is, in Washington.
Means Stay of Sentence.
Application for a writ of certiorari
Mr.. Littleton said. Meanwhile Morse's
attorney asked the circuit court of ap-
peals in New York to grant a stay on the
execution of sentence which was grant
ed. This will permit Morse to remain
in the Tombs prison until the United
not to again admit him to BAIL
Mr.. Morse heard the decision of the
court in the United States marshaps
Office. He took the news calmly and as
soon as the news was given to him for
mally surrendered himself to the mar
shall
The decision of the circuit judges was
unanimous. To Morse's complaint that
fifteen years was excessive, in view of
the suspension of sentence of Alfred P.
Curtiss, who was indicted with him, the
court answers that this is a complaint
to be made to the President of the Unit
ed States in asking clemency.
Mr.. Morse was convicted of violation
of the national banking laws in misap-
plying the funds of the National Bank of
North America. of which he was presi-
dent at the time of the financial panic of
1907. He was charged with making
false entries on the banks books. He
was sentenced on November 8, 19OS, aft
er long jury trial.
Decision of High Court.
The United States circuit court of APP
peals, in its decision rendered today,
said:
I'VE fully realize the consequences to
the defendant which must follow an af-
firmance of this judgment, and yet we
cannot doubt that he was given a fair
trial and the verdict on the fourteen
counts was amply sustained by the proof.
No unprecedented person can read the
record without being convinced that by
the defendants procurement the bank
CNational Bank of North America)
bought it's own stock and the stock Of
the Ice Securities company and by his
procurement, the entries in the bank
book and in the reports of the comptroller
as to these transactions were so arranged
as to conceal the truth and to record
transactions which in reality never took
place"
Morse was indicted on March II, 1908,
on his return from Europe. The indict-
ment contained twenty-nine counts, COM
prising conspiracy to defraud the United
States government, the making of false
entries, and rhe misappEcation of the
funds Of a national bank.
1t was charged that Morse with 9TH
ers. was engaged in a pool that was
manipulated by the stock Of the Ameri-
can Ice company. AS the result of this
pool United States District Attorney
Stimson declared, Morse and his asso-
of ice stock and finally, getting near the
end Of their resources. went to the Ma
tional Bank of North America and OBJ
tanned money to continue the speculation.
The government alleged that from time
to time S1.20O,000 of the banks money
was used for this purpose. To conceal
these transactions, Mr.. Stimson said, fc-
titions loans were made on the banks
books. with the Ice stock really bought
with the banks own money.
Claimed Writ of Error.
After his original sentence, Morse OBJ
tanned q writ of error which brought his
case before the circuit court OF appeals
for review. Arguments on his appeal
began last February and did not end
until June II. when the judges reserved
decision and admitted the defendan to
$4,000 bail furnished by twenty of
his friends