Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1910-03-09
SENSATIONAL
DEVELOP ENTS
Expected In Connection Witt
Cambridge Bank Robbery
COLEMAN'S CHUM IS ARRESTED

rdo %CCcSS TO BOOKS OF INSTITUTION,
Signed Checks and Performed Quite.
of Bookkeeper as EmpIoye of Cole
man-FederaI Officials Unable to
Explain Apparent Ignorance o,
Bank Officials Regarding Thefts
Cambridge, Mass. March 4.-Wil-
son w. Lockhart of Belmont was ar
rested here last night at the home OF
George w. Coleman, his employer
and former bookeeper of the National
City bank of Cambridge, on a charge
of aiding and abetting Coleman in tbs
wilful misapplication of the banks
funds. Coleman and Lockhart were
close chums.
The arrest of LocKhart has brought
to light state Of affairs at the bank
which is said to be unexamDled in the
history of wrecked banking institu-
lions in this country.
According to the inspectors who
made the arrest, Lockhart, as the
personal employe of Coleman, and
without bonds to the officials of the
bank, acted as substitute bookkeepel
when Coleman was away, having ac-
cess to the books of the institution
and signing checks and performing
the regular duties of bookkeepe1
without being responsible to anyone
but Coleman.
The alleged relations of Coleman
and Lockhart point to a conspiracy
of a very intricate and extensive
character, according to the federal Of
ficials, who are still seeking to arrest
other parties alleged to be implicated
in the conspiracy.
The federal officials say that they
are unable to explain the apparent
ignorance of the officials and direct
ors of the bank regarding the exact
state of affairs at the institution.
Sensational developments are ex-
pected to follow swiftly, as number
of well known business men with
whom Coleman was intimate are
wanted by the federal authorities.
Lockhart was taken in a search Of
the Coleman home. The federal au-
thorities had been seeking him al
day Wednesday and Thursday, and {
guard of two secret service men haG
been kept around the premises fol
twenty-four hours before the authori
ties decided to search the house.
Captain Hurley of the Cambridge
police, accompanied by Police In
spector Cox and United States Deput.
Marshal Bancroft, called at the Cole
man residence last night with tn,
search warrant. Immediately OF
stating their errand, Lockhart ap
peared and was at once placed unde
arrest without a protest.
At police headquarters where h
was booked, he gave his age as 2
and his residence as SO Marlbor
| street, Belmont.
Lockhart was arrested on complain
of John B. Fernsler, a national ban
examiner, connected with the burea
of investigation attached to the de
partment of justice. Fernsler an
Ridgley Brown, another examine
from Washington, we're called in b
United States District Attorne
French to examine the books of tn
bank when the task of untangling tn
altered accounts was undertaken. l
five hours, it is said, the conspirac
was unearthed. That it was not ap
parent to Examiner Pepper and tn
officials of the bank at the first eX
animation of the bank books is in
explicable to the federal authorities
Lockhart, like Coleman, is said I
have operated by means of checks
A number of them, Endorsed by him
were found at the bank, it is stated
By means of checks and altering &C
counts of depositors who seldom {
never disturbed the principal investe
with the bank, Lockhart, it is said
acted as a party to the conspiracy.
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