davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07

Similar causes were back Of the defalca-
ton Of the president of national bank
in New Orleans This president was one
of the leading citizens of New Orleans.
and was highly regarded by the entire
business community. He was a man Of
large wealth. interested in several min
ing schemes. wholesale grocery bust
ness, railways and public service corpora
tons. He high financed while the financ-
ing was good, but when the bottom fell
out Of his schemes the bank which he
had ridden hard lost hundreds Of thou
sands OF dollars through the loans
which he had irregnlarly procured to
promote his various enterprises.
He fed to Honduras in his palatial
steam yacht, which he heavily stocked
with provisions taken from his insolvent
grocery concern. He cruised around for
some months in lavish style, but when
his supplies gave out he returned to
New Orleans and surrendered. He was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07
1EANENWoRTH PEMrE.NTIARc1 WHICH Has RECEIVED
MANY .bArIx IoOTERS

another note on behalf of the same i'm
aginary person to cover the old note and
whatever additional money he might hap
pen to need. This was but one of the
many methods that he had of covering
up his tremendous shortages in the bank.
This method quite effectually deceived
the bank examiner, who did not know the
customers of the bank and could not
determine that the notes were not genu-
ine When the exposure finally came the
cashier, who had known of the irregu-
larities,, but had not been sufHciently
courageous to expose Them committed
suicide, and his mother died from the
shock. Hidden securities of the deacon
amounting to 100000 in value were re-
covered by sleuths of the Department Of
Justice and were applied to the payment
of depositors. This disclosure resulted in
the indictment of several members of the
bankers family for concealing the assets
of a bankrupt.
In Pittsburgh was so-called political
bank, a considerable part of its funds be-
ing the deposits of the commonwealth.
the municipality or funds of an otherwise
quasi-public nature. The cashier and the
active head of the bank was q man Of
strong personality and powerful friend
ships. The directors, stockholders, depOs-
itors and the public at large had implicit
faith and confidence in his integrity. He
was a trusted friend of men of political
prominence in national affairs, was a
philanthropist. a masterful diplOmatist,
losal resources and profound discernment
of the springs and sources Of human ac-
ton.
y
This cashier looted his bank for 81 $780,
600. For many months he so juggled the
accounts of the bank that the examiners
were unable to find anything wrong with
it. The embezzler seemed instinctively to
know when a bank examiner was to hap
pen in. On such occasions 1T was his
practice to personally take his cashiers
check to another bank and cash it for the
amount that his books were short.
Through an understanding with the
friendly bank his cashiers check was held
up for several days before being sent
through the clearing house. In this way
his books balanced, despite the fact that
he was hundreds of thousands Of dollars
short. Another method of deceiving the
inspectors was by extracting, just before
an examination was to take place, q num-
Der of leaves from the loose-leaf individ-
ual ledger which recorded the deposits on
large inactive accounts. Removing the
record of these deposits counteracted the
shortage because of the money he had
taken. In the end. however, his irregu-
larities were discovered and he was sent
to the penitentiary for term Of fifteen
years.
In nearly three-fourths of the cases
where banks are wrecked the trouble
originates because of an overextension Of
credit, which Is usually granted by the
officer or officers in control because Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07
Mr. WICRERSHkM WHO
MAU4URATED A pEc IA1
CAMPAIGN AGAINST
BANK IOOTERS

prise favored. The president Of a bank
may be interested in a factory. He may
extend credit to that factory which, at
the time, may be entirely legitimate.
Presently the factory comes to be greatly
in need of cash. In order that it may be
placed on its feet the bank officer who
owns stock in the concern agrees to make
a loan to it under circumstances which
would cause him to refuse credit to an
institution in which he was entirely dis
Conditions grow still worse
with the factory and he realizes that If
1t goes down the bank will go down with
1T. The bank officer loses his head. In q
frenzy he gets hold of money in what
ever way he may and turns it over to the
enterprise that he has fostered. In the
end the crash comes and they all go down
together.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07

lators of the banking laws and that the
best method of accomplishing this end
was to develop legal specialist in han-
ding these cases and to put all the ma
chinery of the government back OF him in
doing the work in hand.
The Attorney General began a search for
just the right man to supervise these
bank prosecutions and otherwise enforce
the system of banking laws. He found a
young lawyer, formerly connected with
the Office of Mr.. Robert J. Tracewell,
controller of the United States Treasury.
who was still in his twenties. but who
had already made a national reputation
because of legal and financial work he
had performed but short time before
for the Treasury Department. This young
man is Wrisley Brown. The Attorney
General made Brown a special assistant
and placed upon him the responsibility of
prosecuting bank wreckers. Soon after
this move was made a corps of crack
bank accountants was added to the bu-
reau OF investigation for the purpose of
tracing out the crooked practices that
were being reported by the bank exam
i1ers. The line was hit hard and there
wits no let-up. Three years Of this work
has resulted in a vastly more stable con-
dition among the banks of the nation. and
it is intended that the policy shall be so
SISOIOuSly puSncQ the future tnat II
will be impossible that any bank official
should cut the high jinks Of yore. Brown
and the powerful machine which he con-
trois have made it too dangerous.
Among the hundreds Of cases where
bank hooters have brought destruction
upon the institutions with which they
were connected a few that are typical
may be selected. There is the case of
a lay deacon in the church, sixty years
old. who preached regularly throughout
the community in which he lived, up Wis
cOnsin way; 0ne-time candidate for
Congress. and altogether a most promi-
nent and highly respected man in the
community in which he lived. Yet this
venerable graybeard was a frenzied
fnancier OF the first water. and is today
serving term of ten years in the fed
eral penitentiary at Leavenworth
His speciality was forgery. He was in
terested largely in the development of
mining properties in different sections.
but, unfortunately, none of these proper
ties seemed to pay. He regularly needed
money for their development, as well as
for the purpose of financing certain fast
life operations which he carried on sur
reptittously. When the deacon needed
money he simply made out note in be-
half OF some hypothetical parsonage and
md0rsed that note over to the bank,
pocketing the money. Under these con-
ditions no questions would be asked until
the note came due. Then he would reissue
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07
UNITED STATES PENrENTIARY
\ ATLANTA Ga

himself undue amounts OF money by In
direct methods. The protests OF the
other directors We're overridden, and
when the controller Of the currency OBJ
jected TO his unlawful loaning o. the
money of the bank he even refused to
pay any attention to that federal official
The controller was anxious TO save the
bank, and with that purpose n mind
tried to force the Norwegian out The
he finally yielded. He was great. mas
terful man, who had never before brook
ed interference. and Murray and Brown
with great difficulty succeeded In fore
ing him out, delaying prosecution, and
finally saving the bank
With his financial position thus wrested
from him and with a government prose-
cution hanging over his head. the erst-
while bank president and man o. indom-
liable will and physique within a month
took to his bed with the first Wness or
his life. At the end of six months, when
he was to have been tried his at orney
reported him as unable. because or III
ness, to appear in court Within a year
of the time he was forced out of the
haunting fear of prison, leaving behind
him only the wreck of the financial house
Of cards which he had built.
Since the panic of 1907 there have been
regularly pending In the Department OF
Justice an average OF about eighty cases
of criminal violations of the national
banking law. These may be In any state
or territory i'm the Union. and I'm a span
of good number Of years are likely
to be in every state and territory. There
are two cases now being pressed by the
government way up in Alaska which
show spectacular violations of the bank
ing laws.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07

The government machinery which brings
these violators to ultimate justice has
four principal parts. The men who ,,rigi-
nate practically all such cases are the
bank examiners under the controller of
the currency. These men make two reg
ular examinations of every national bank
i'm the United States every year. Ia adj
dition to these regular examinations Con-
troller Murray has initiated special exam
nations at irregular intervals Tor banks
which are sick or mismanaged- So IL
happens that a bank examiner may drop
into a bank and hang up his hat for an
examination upon any day within the
year. So 1t happens that the banker is
wise who keeps his house always in order.
Formerly when the bank examiner found
anything obviously wrong or even sus-
picious in q bank he merely reported his
findings to the controller and that Official
usually determined whether or not the
matter should be carried any farther. In
der the present arrangement the bank ex-
aminer's report goes to the controller, the
local United States attorney and to the
Attorney General Immediate action may
be necessary In order to prevent the night
of culprits or the destruction Of evidence
and it is well that the local United States
attorney should know Of conditions that
he may act Immediately IL necessary. On
the other hand. experience has proved
that surer and greater results can be OBJ
tanned in the prosecution Of this class OF
cases by centralizing the discretionary
power in the Department Of Justice at
Washington. so that the directing author
ity is far removed from local influences
and prejudices.
Therefore the ONCE OF the Attorney Gen.
eral has assumed the direction OF the
prosecution of all violations Of the ma
tional banking laws. 1t operates through
the local district attorneys in most cases,
but upon occasion its special counsel han
dies these cases in person Mr.. Wicker
sham has devoted q great deal of atten-
ton to the development in his depart
ment under Chief Stanley w. Finch. Of
a new secret service known as the bu-
reau Of Investigation, and certain members
of this service devote their time exclu-
sively to these national bank cases. Some
of these men are expert accountants and
some of them are trained sleuths. but
they all thoroughly understand what is
evidence and how to produce 1T. These
experts take hold where the bank exam
liners leave of, and under the instructions
of Special Assistant Attorney General
Wrisley Brown and the various United
States attorneys throughout the country
they finish up the case. The system 10
putting the bank looter out of business.
Copyright. 1912. by w. A. Du Puy)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-07

lators of the banking laws and that tine
best method of accomplishing this end
was to develop a legal specialist in ham
ding these cases and to put all the ma
chinery of the government back of him in
doing the work in hand.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
Social and
Personal

A marriage Of interest to Richmond
society 10 that Of Miss Jessie Ryan.
Of Paris. Ill. and Robert o. L0cke. OF
Richmond. which will be celebrated
very quietly on tho morning OF Oc-
tober Is In the country homo OF the
brides parents. near Par4L I'LL Miss
Ryan II . daughter OF Mr.. and Ma
J. Il Ryan. ana M. Locke - . son OF
william II. Lncka. and . grandson OK
the late r A. Lancaster. OF Richmond.
He u . member Of the senior class OF
the Union Theological Seminary.
At the Country Club.
Tho two dances given at the Country
Club each week have proved most en-
toyabie and Interesting functions this
autumn. A great many visitors have
been entertained at tho club house.
and the dances on Tuesday and Satur-
day evenings Of each week are largely
attended. There viii be the usual hop
1T the club this evening. dancing be-
ginning At half-past o'clock.
yistttnG. Pf1en2s.
Mrs. George Franklin Merrill has as
her guest at her home. l67 East Cary
street. her cousin. Miss Leila NJ Ellis.
Of Montgomery. Later on Miss Ellis
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
StrattoA-.0tarrttt.

Especial to The Times-Dtspatch.]
Staunton. Va. October 1L-Yester-
day morning at the home Of Mr. and
Mrs. II. L Lang their daughter, Miss
Irma Starritt. became the bride Of
Powell Goodwin Stratton The entire
lower floor of tie house was artisti-
cally decorated In q profusion Of white
cosmos and autumn foliage. As Miss
Louise Taylor. OF Lynchburg. played
the wedding march the bride entered
the drawing room with her father.
where they were met 1T an improvised
altar by the groom and his best man.
Judson Anderson The ceremony was
performed by the Rev A. n. Fraser.
d. D.. Of the Presbyterian Church, Of
which the bride Is q member.
Immediately after the ceremony .
wedding breakfast was served In
courses. after which the bridal pair
left for an extended Northern tour. On
their return to Staunton they will take
up housekeeping in their lovely new
home on ThornrOse Avenue. which has
Just been completed. Among those who
entertained in honor OF the bride be-
fore the wedding were Mrs. c p.
Hollis. Mrs. r. B. Landlord. Mra 3. c.
Jones. Misses Walter. Misses Mar
garet and Insia johnson. Miss May
Stratton and Miss Nettie Powell
Mr.. Stratton 10 the son Of r. L
Stratton. Of this city. md II associated
with his father In the Wholesale
grocery business.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Mr.. and Mrs. ]. Straughan Downing
Of Baltimore: Hon. and Mrs. 8. l.
Straugnan. Of Washington: Mrs. V. v.
Kelsey. Of Erwin. Tenn: Mrs. II. \.
Saint, of Washington State: Jonn
Davenport. OF Richmond.
Tennls Tournament.
The preliminaries in the Young Wo1
mems Christian Association tournae
ment are being played or at the Herm-
itage Club. The trophy Is q cup pre-
scented last autumn By the association
10 be given TO the player who shall win
three years Miss Pauline Powers has her
name at the head OF the list. winning
from Miss II. Boyd last fall. She VIII
defend the cup this afternoon at Z
o'clock. at the Hermitage Club courts.
Waiting Here.
Miss Louise ". Brooks. Y. w c. A.
national secretary for conferences and
conventions; Miss Anna q. easier. gen
eral secretary OF South Atlantic States.
and Miss Ada Starkweather. 7. w. c. A.
territorial secretary. OF South Allan
tic States. all Of New York City. are
in Richmond
In ana Out Of Town.
Hodges Mann has been visiting
friends In Nottoway for the past sew
eral days.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
CHARTERS ISSUED

Ritter Manufaeturng Company CInc).
Norfolk. Va. W. W. Ritter. president; y.
w. Ritter. secretary and treasurer: J. !.
Pouner-all Of Moyock. n. c. Capital: MAJ.
imum. 5000; minimum. $1,000.
The Southern Wholesale Dry Goods As
ISOLATION. Richmond. w. J. D. Bell. presi-
dent. Lynchburg. Va: e. w. King. nrst vice.
president and secretary and treasurer. Bris-
tot. Tenn; A. T. Dosser. second viee-presi-
dent. Knoxville. Tenn. No capital stock.
Lynchburg PepsI-cola Bottiing Corpora
ton. Lynchburg. Va. T. E. Mclaughlin.
president: r. J. Shine. vice pre- s!dent: Cor
neiius Gilbert. secretary and treasurey-ali
Of Lynehburs. Va. Capital: Maximum. so.
go: minimum. $1,000
Amendment 10 charter OF coan River
Guano Company unc.), Lewisetta. Va. In
creasins Its maximum capital from $1,000
20 100000
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
MENTALLY UNBALANCED.
PhilaAelphia Vaudeville perforDeR
Committed to Insane Asylum
Especial to The Times Dispatch.l

tSPSCId1 10 no 1lIlIeS.OIBPdtCuJ
pea faanso Hsrdss a;i October LIZ ,;n A.
adelphia, performing here in one of
the theatres. became mentally unbal-
anced and wandered away from town.
but was found and brought back and
committed to the Western State Hos
pital for the Insane. He was suffer-
ing from the deiusion that a mob was
attempting to lynch him He thought
the Salvation Army was after him; and
he is in a highly nervous state. We'd
nesday night he attempted to cut his
throat In the jail. to which he was
temporarily committed while awaiting
action Of the authorities as to his
sanity. but did not seriously wound
himself. He used a piece Of tin for
the purpose. It 4: expected that friends
will come after him and take him to
his own State.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
OPERATED SKIN GAME

NiAway Takers NahbeA ~ County r.
lice and Fined $50 Each.
Philip Isaaes ana Lewis sehsrers both
claiming Boston ~ their homo city. we're
locked mp last night b. the county police
on the charge Of operating . skin game at
the Fair Grounds on the Midway. The game
was Of the "hoop-ths-prizs'' class. and VS.
nxed. % the officers claim. 70 hssD svssy-
body from winning except the owner.
The men were nned - ana costs ~ Aasae-
trate Smith and told to get out Of town
Both but mp tha cash and wefs 1fven their
freedom. The whole game. parAphernaiiA -
veil a. all the money that vas In sight.
a was conhseated BY the police.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
KENNY ACQUITTED
Chsrxed In Henrieo Court with Assssltine
Officer Cornell.


Henrico County Policeman Z. l. Cornell.
who ID suing Southern Stock Yards Corpora
ton for $500 damages for an alleged assAn;&
last February. figured yesterday In anothef
trial in Henrico Circuit Court. In which z.
H Kenny. the defendant. was charged wifi
an assault on the officer on June 20 iasf.
Kenny was acquitted.
Policeman Cornells damage suit VIII Pc
heard October Is. In II he II represented BY
Attorneys Alien @. Collins and c. r. Sands.
who recently nled bill OF complaint, aiieg-
ing that the Southern Stock Yards Corpora
tion had subjected the officer to indignities
when he visited its establishment on Official
business.
Willie Mitchell. colored. WAS yesterday ac-
quilted Of tho charge OF having attacked
Mary Fleming. q coIored Girl. Mitchell Sc
cured his acqui,tal without the cid OF
lawyer
Judge Scott will this morning hear argu-
men. on Attorney l. O. Wendenburg's mo-.
ton to set aside the verdict In the case OF
Warren Robinson. sentenced to pay dne Of
SIS for the alleged theft OF . pillow from
man named Jenkins
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
Diamond Rings
o. hersaing valss end atesaekivs vssf-e
9lS.oo % 176o.oo
Ths lesding investment amsag sveE1
SCHWARZSCHnLD BROS,
Richmond's Leodln1 Jewo1eeA
Second and Brood Sta.
MATTER
Up T0GRANOJUR
Seventy-Four Citizens Of Dam
vile Summoned to Appear
to Testify.
Especial to The rinss- p.spa,eh.J

Danvtiis. Va. October 1l-ToliowinG -
order. Issued By Judge r. ". Peatress u
ths Corporation Court. . special Grand tusy
wss empansllsd here to-day 70 MAKE An In
vestisation into the incomes Of several eth
Gems ssvsnty-four men. several Of local
prominence. were summoned TO appear b;
fore the jury to-day. and throughout the
day many Of them were subjected to r'esc
probe.
The names Of the men summoned have
been withheld from publication By the court.
this being deemed wisesSkdntil the report Of
the grand jury has been nieA- This up TO Q
late hour has not been done. the fnvestiga-
tion being still IN progresA
Those serving on the grand jury are Julius
Kaufman, R. L. Dibreli. A. D. Starring. q
T. Pa.ham. p. L. Booth and J. A. Brewer
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

~. q Buchsssp. Who vas sentenced Tsss-
Gag b. ys1se wsddir. IN the Cnf'ed States
p,s,s,cs Court. 20 serve three yam n the
rsSersr prison m Atlanta -. srssdu.ens sse
., the mssie. wse yeSsssoav rvmcvcd there
,s S>ess his esaasemen.. pcruty SheFt8 ,.
r West sSoH csssss % TIE prioSwet N Hes-
no Jan, whesv Ne hse tesa ce~ased. eee
,ess v5sA BIN for Asissss esrssg IL ssess.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

daughter. Miss Anne GILLIAN smith.
are ct Mrs. Cullsu'a 100 East Grace
Street for the winter.
Mr.. and Mrs.. Claude T. Dean. VINO
spent the past week at the waldorf.
Astoria. In New York. have returned to
the city.
Miss Florencs Grafton and Miss SAL
lie Parker. Of this city. ere visiting 1t
the homo Of c. B. Harris. in Scots
willie.
Mr.. and Mrs c. I. Hancock have re-
turned 20 Newport NewA after spend.
ing q few days here.
Mrs. Thomas Hunter. Of Roanoke.
will have a. her guest next week Miss
Annie Kearns. of Richmond.
Little Miss Laura Pinchdeck II very
Ill at her home In Woodland Heights.
Mr.. and Mrs. T. K Bishop. OF Black
stone. have been guests Of friends here
for the past week
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Especial to The Times Dispatch.l
Minst SnSaas ,n n c. OCTOBER
tobacco pooled last year in the Stokes
County Union Warehouse Company, at
Walnut Cove. N. c.. was sold to-day to
r. ]. Reynolds Tobacco Company The
price paid was not made public. but IT
is said the price was higher than the
same grades brought last year.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
ST. DUNSTAN'S LODGE
RENTED BY OTTO KAHN

Stamboul, cd . pstos hAe once moro
been set upon his head In Bulgaria.
however, he enjoys greater prestige
than ever a. o patriot and - q hber-
ator, and while II 10 doubtful whether
any orders given by Ferdinand for the
arrest Of Sandansky by Bulgarian DO
lice officials or troops would be exc
King places any further Obstacles In
Sandansky's way. he will lose his
throne by means Of . popular rising
or else his Life by aSsaAsdnAGton.
(CopyriCht, 1919. by the Brentwood
COmpany.)
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

marriage license was issued YESTERDAY
IN the clerks office of the Hust!nGs Court
to Alec Katrimbas znd Elpinque BrujAlN.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Lena Brants qualified yssterAay in the
Chancery Court - sdmintstratrix Of the
estate Of Edward B. Brantz- The sxtate -
valued at s. 800.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12
Jud4ment Entered.

Judgment was entered yesterday in the
Law and Equity Court in favor Of E. W.
Seay Co. against s. J. Castle for @223M
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Chief Of Police e. r. Moore. Of Roanoke.
who II . visitor to the State Fair. called
at Police Headquarters yesterday to pay his
respects to Chief OF Police werner.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Mrs. Edward Harvie Smith and her
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-12

Little Miss Laura Pinchdeck II very
Ill at her home In Woodland Heights.