The Oskaloosa herald., 1909-11-11
DEFALCAT|ON MAY
REACH MILLIONS
Shortage of Warmer Astounds
Railroad Officials.
DETAILS ARE COMING OUT
Depoacd Treasurer Is Closely Cues.
toned as to Facts Relating to
Way He Spent the
Money.

Cincinnati, Nov. 1O.-With rumors
among men in touch with railroad af-
fairs in this city that the shortage in
the financial department of the Big
-Four railroad because of the defalca-
ton oil Charles l.. Warmer, formerly
local treasurer of the road, may be as
high as $1,000, 5000, examination of War
riner by his superiors and others was
resumed. An official statement con-
firmed the rumors that the shortage
probably would reach 100000 That
the total may go far above that figure
is conceded. 80
Mystery Where II All Went.
Officials of the Big Four admit that
they are astonished at the revelations
by Warmer and they are pressing
him tor additional details of how he
spent the money, the sums alleged to
have been paid in blackmail and lost
In Improbable speculation leaving a
large amount for which there is no &C
counting
Warmer asserts that he has not
dollar left, the transfer to the rail-
road company of his home and stocks
of various corporations in which he
was interested having made him pen
ni,ess.
The search for the man and wom-
an whom Warmer has named in con-
nection with the alleged Matchmaking
of him out of many thousands of dol
lars, it Is stated, is being concluded
here, in Chicago, in Portsmouth, O.,
the former home of the woman men,
toned and in other cities, but so far
no additional arrests have been made
and conflicting statements are made
by those in charge of the case as to
the probability of other arrests soon.
No Other Arrests Contemplated.
Attorney Goldsmith, law partner of
Gov. Harmon and one of the counsel
for the Big Four, is authority for the
statement that no other arrests are
contemplated at. present.
Mr.. Goldsmith also gave out a state
ment saying tina. the Big Four would
prosecute Warmer to the limit and
that in this the road would have the
vigorous support of the bonding COM
pany, which has paid in $4,000 on
the Warmer alleged shortage.
Warmer, who was releated Satur-
day on $4,000 bond, is said to be do
ing everything possible to identify. and
locate those who, he asserts. extorted
money from him to prevent exposure.
Railroad officials have heard from
Warmer circumstantiGl story OF
the alleged extortion and those inn
plicated, including a man and WON
an, are said to be watched day and
night by detectives. The railroad, it
is asserted will cause arrests as soon
as convinced that the facts will JUS
tify prosecution.
Loss Will Reach 100000.
New York, Nov. 10.-The loss to the
Big Four railroad through the alleged
defalcations of c. l.. Warmer, its To-
cal treasurer at Cincinnati, ultimately
will amount to about $50O,O00, accord
ing to a statement issued in New
York by Albert II. Harris, vice presi-
dent of the New York Central lines,
including the Big Four.
The amount of the defalcation,"
says the statement, has been ascer-
tanned to be $643,000. Warmer has
turned over to the company property
amounting to more than 100000, and
there will be received from the surety
company on its bond $4,000, leaving
the net amount of the shortage some
thing less than 100000.
THE method which Warmer adopt
ed was to cover his defalCations in
the item of cash in transit At the
end of each month there are consider
able sums of money on their way to
the local treasurer from station agents
and others which have not been re-
ceived by him. 1t was by including
in this item the moneys he had stolen
that ne was enabled to conceal his de-
falcations."