The evening world. [volume] (New York, N.Y.) 1887-1931, 1909-01-25
COWS TRIAL FOR
WRECK Of BOROUGH
BANK IS BEGUN
lS1ndictments for Alleged Thefts
,pf S375,OOO and Over
drafts of sloS,0oo.
sCAsE LONG DELAYED.
sMaxwell, Also Indicted, Killed
Himself Facing Same
Charges.
sCASE LONG DELAYED.

william Cow. advertising man and
capitalist, who was a director and ma.
jority stakeholder in the Borough
Bank. OF Brooklyn. when that bank sue
cumbed in the panic OF October 1907,
was placed on trial for grand larceny
to-day before Justice Crane In the
Criminal Branch OF the Supreme Court.
Brooklyn.
The Indictment Is one Of five bills that
were found against Mr. Cow Nov ~,
1907. After he had pleaded not guilty
to these indictments he had been re.
leased under $1,000 bail Two OF the
hve indictments are Of the blanket
kind, charging grand larceny and nam
Ing both Mr. Cow and Howard Maxwell,
the president Of the Borough Bank, who
Killed himself soon afterwards One OF
these indictments also named Arthur
d. Campbell. who was cashier OF the
bank. He Is under $4,000 ball.
$4,000 Larceny Alleged.
present trial names only Cow and Max
well. 1t charges that, acting under In.
structioDs from Cow. Maxwell turned
over 3eSo,cc Of the Borough Banks
money 10 the oriental Bank Sept, 80.
1907. This sum was drawn out OF the
Borough Bank on a note signed THE
Borough Bank, per II. Maxwell"
Through the Oriental Bank 1t is al.
legged. the money was transferred to
the International Trust Company. an
institution that Cow was organizing. 1t
was used to make up the 81 100000 capt.
tai and subscribed surplus that made It
possible for the International Trust
Company to do business
The second blanket indictment, which
names Campbell as well as Maxwell and
Cow, charges that the three drew ;l25,-
O from the Borough Bank on a check
which they charged to the account OF
the Carrie Mcguire estate. This money
was also used to finance the Interna.
tional Trust Company, None OF the
three men who drew this check had any
authority to draw dollar from the Nc
Guire estate account. The money has
been returned to that estate
Tho three remaining indictments
against Cow charge misdemeanor. One
states that Jan. 2, 1907. Cow drew 80
600 from the bank, which was 81, 499. 81
In excess OF his deposit. 4 second mis-
demeanor bill charges that he kept on
drawing against his overdrawn account
to the extent Of $1,000 OH Jan. IS, 1851.
and the third misdemeanor involves a
still further overdraft OF $4,000 on Oct.
l. 1907.
Trial Long Delayed.
Martin W. Littleton, who is Mr.. Cows
attorney, had succeeded in having his
clients trial put of from time to time
30 that II Is now more than q year
since the five indictments We're found
against him.
District-AttOrney Clarke has stated
from time to time that he has been
compelled TO listen to the appeal Of men
prominent In the financial and political
world urging that the Cow trial be out
off indefinitely. \ singular feature is
that many men who were loudest IN
their denunciation OF Cow as the chief
wrecker OF the Borough Bank have cx-
erted influence to prevent his trial, Sem
ator Patrick II. McCarren Is large
stockholder in the bank, and one OF the
men who assisted in its reorganization.
Broc Shears, who was a State Bank
Examiner during the 1901 pauic, IS now
n.y. hn 4 tt,,h
Bank.
After Cows arrest, following his IN
dictment. he was seized by Acting'Capt.
kuhne, OF the Brooklyn Detective Ru.
reau, dragged to Police Headquarters
and photographed and measured for ;he
Rogue's Gallery. Supreme Court Jus
the Burr declared this act Of the police
. gross outrage criminal In Its nature.