The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1912-09-25
ACCUSED WITH HIS ASSOCIATES OF CONSPIRACY
In CONNECTION WITH BANKRUPT LA CONNER BANK
Warrants Charge Futh and Other Officials of His Sc
attic Bank With Having Aided Bankrupt Banker
to Secure Deposits When Insolvency of Bank Was
Known.

Charging that he with other officers Of his bank,
deliberately aided and abetted w. E. Schricker, bank
rupt banker at La Conner, with receiving deposits,
knowing at the time that the bank was about to fail,
warrants were issued this morning by Prosecuting At
torney Brawey at Mt Vernon for the arrest of Jacob
Furth chairman Of the board of directors of the Seattle
National bank, head of the local traction monopoly,
and of several other large corporations
The warrants issued today specifically charge Furth
and E. w. Andrews president of the bank; r. v. An
keny cashier and Attorney Daniel Keleher with joint
conspiracy in aiding and abetting W. E Schricker to
receive deposits knowing that the w. E. Schricker q
Co. bank insovent"
Schckcr arrested shortly after his bank failed, last
April charged by direct information OF accepting de-
posts bank would fail Since then, he has
practically confessed his part OF the conspiracy in sworn
deposition file the King county courts These deposons
civil brought by depositors against the Sc
attic National bank In the depostions sehrcker seriously inn
plicaes Furih and the other officials of the bank
According to information the hands OF Prosecuting
Attorney Brawey the Seattle bank learned time before
the La Conner bank closed bankrupt
Schricker owed the Seattle National bank approximately
Instead Of facing the music Furth and his bank is
charged determined get their money back the
Of other depostos OF The schrke bank The alleged con-
spiracy then framed.
Their scheme according to Brayey was schrcker
sufficiently give his bank the outward appearance Of entire
security and solvency The farmers in Skagt county, they
knew would begin moving their grain and would
be deposited in bank Schroke according this plan.
receive the money and Immediately forward the
This saws Prosecuting Attorney Bawley continued for
several weeks until practically the whole Of the Schcke loan
from the Seattle bankers paid Then April To- the
doors OF the Schcker bank allowed close and the
dcposiior permitted to whistle for their money The bank
had failed in about $4,000
THE KALso CHECK
The specific charge against Fu and his associates
spiraey relates particular deposit OF S25694 by Otto
Kalso Kalso deposited check made in his W.
W. Robinson Seattle grain merchant for that That
Saturday, April Is. The check deposited with
Schrcke bank that day. and Tuesday April
very day that the bank La Conner failed. Fuhs
Seattle received the money for Kalsos check from the
dinavian American bank.
On the back OF this check found several significant
endorsements according Prosecutor Brawley
stamped order by Schcke turning the Furth bank
which reads Pay Seattle National bank Seattle Wash
order. w T. Schricker & Co. bankers La Conner Wash"
Another Endorsement is that OF R " Ankeny cashier Sc
April 10 1912 which shows that the Seattle bank got
the for the check the day that the Schrcker
closed its doors
Prosecutor Brawey has been making thorough nvestga-
on of these alleged operations between Fu and the Seattle
National bank and the Schrcker bank for
will probably be Furth the other
defendants until tomorrow day. The trial.
change Of should be taken, would take place Mt
Vernon.
The penalty for the crime charged against Furh his
associates either pencnary exceeding
a fine exceed $1,000
Of
time to statement from them concerning