The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1909-10-14

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 hfty-thrcc counts on which he
was convicted by jury. This, say his
attorneys, will leave means Of APP
prOach TO the court OF last resort, and
an application for a writ Of certiOrari to
review the case will be made on October
Is. in Washington.
Means Stay of Sentence.
Application for writ of certiorari
when made will act as stay Of sentence,
Mr. Littleton said. Meanwhile MOrses
attorney asked tho circuit court of APP
peals in New York to grant stay on the
execution Of sentence which was grant
cd This will permit Morse to remain
In the Tombs prison until the United
States supreme court decides whether or
not to again admit him to bail.
Mr.. Morse heard the decision of the
court in the United States marshars
Office He took the news calmly and as
soon as the news was given 10 him for
mally surrendered himself to the mar
shal,
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 T.
Curtiss who was indicted with him, the
court answers that this is complaint
10 be made to the President of the Unit
ed States in asking clemcncy.
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 \. 1905, aft
er long jury trial
Decision of High Court.
The United States circuit court OF ap-
pcuis, IN It's decision rendered today
said
we fully realize the consequences 10
the defendant which must follow an nf-
nrmancc of this judgment and yet we
cannot doubt that he was given fair
trial and the verdict On the fourteen
counts was amply sustained 10y the proof.
No unprecedented person can read The
record without being convinced that by
the defendants procurement the bank
National Bank of North American
bought its 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 Ia these transactions were 50 arranged
as 10 conceal the truth aud to record
transactions which IN reality never took
place.
Morse was indicted on March T.. 1905.
on his return from Europe, The iudict-
mcut contai."i twcnty-nnc counts, com
urisiug conspiracy To dcfraud the United
States government, the making of false
entries, ynd The misuppIiraiiou of the
funds Of q national bank
II was charged that Morse with 9th
rrg. was engaged in pool that was
manipulated by the stock Of the Amcri.
lean Ice company. As the result Of this
IroUl. United States District Attorney
Srmsou declared, Morse aud his asso-
,iatea became poSscssurs Of large blocks
of ice stock and finally, getting near the
/ end uf their resources. went 10 the Ma
, tiunnl Bank of North America aud oh
tanned money To continue tb" speculation
J The government alleged that from time
tp timp 81 2OOND Of the banks money
wa, used for this purpose 10 conceal
/ these iraueaof!.us. Mr.. Stimson said, fic
. l,tinu- loans vera made on the banks
! hooks. with the Ice stock really bought
/ with rhc banks own money
Claimed Writ of Error
After his original sentence, Morse Oh
! tanned a writ If error which brought his
/ case before the circuit court of appeals
+ for review. Arguments on his appeal
. Ir.snn last February and did not end
/ until June II. when the Judges reserved
| decision and admitted the defendant e
/ $4,000 bail furnished by twenty OF
/ his friends.
ON June II Morse was released from