The Oakes times. [volume] (Oakes, N.D.) 1906-current, 1912-12-05
ALLEGE BANKER
IS EMBEZZLER
Former Cashier of Glendale
Bank was Arrested in
New York City.
Figures and Books Manipu-
lated to Deceive Officers
and Stockholders.

and Stockholders.
New York, Nov. 30-Arthur S.
French, formerly cashier of the Farm
ers' Matt onal Bank of Glendale, N. D.,
was arrested yesterday by United
States Marshal Henkel and arraigned
before United States Commissioner
Shields on charge of having embez-
zled 81, S24. % of the funds of the North
Dakota institution. 1t is further
charged that he falsified the books of
the bank so as to hide the defalcation.
Marshal Henkel arrested French in
the Office of the corporation depart
ment of the Equitable Life Assurance
Society, where French has been work.
ing as clerk since he came to New
York, about year ago, from his home
town in the northwest.
1t is said that those in charge of the
New York Office where he worked con-
sidered French an exemplary employe,
both in regard to his ability and be-
havior.
French was paroled by Commissioner
Shields in the custody of his counsel,
Joseph A. Bennett, until next Monday,
when he will be examined in the pro-
ceedings for warrant of removal.
The indictment brought against the
defendant by the federal grand jury
for the district of North Dakota on
Nov. last, charges that French's de-
falcations and their respective dates
are as follows: In December, 1909,
$3.50; Nov. 2 last, charges that French's
defalcation in 1910 was $ll7.40, on Dec.
81, 1911, was 81, ,348.O5.
Several of the l6 counts in the in
dictment charge that French manipu-
lated the figures of the books of the
bank so as to deceive officers and
stockholders of the bank and the ma
tional bank examiners"
Victim OF Misfortune.
French has had more than his share
of misfortune since the time he is said
to have fled from justice in North Da-
kota. About two weeks ago his wife
and baby died and he now has one son
living-a lively little tot of five years.
In appearance the alleged embezzler
does not live up to the role which the
federal authorities have ascribed to
him. He is about Is years old, dark
eyed, quiet and soberly dressed. He
might pass for prosperous young bus
mess man.
The federal authorities assert that
there is nothing at fault with French s
cleverness. They say that when he
left his position and home in North
Dakota no one in the town suspected
the reason. He had so carefully COW
cred up all trace of his defalcation in
his juggling of figures in the bank g
books that it was some months before
the embezzlement was discovered.
French was looked ugon as one of
the rising young men of Glendale.
Reared in the town, his fellow citizens
watched him grow into manhood, saw
his advancement in business, and when
he decided to come to New York, about
year ago. his never-suspecting friends
predicted that it was the launching of
a brilliant career in the metropolis.
1t is said that he has made decided
effort since he came here to retrieve
his past, even to the extent of living
under his right name, and confessing
to some of his intimate acquaintances
that he was under an embezzlement
charge. Since coming to New York,
French has lived at No. 518 w. 135th
St., where he has modest fiat.
Bore Good Reputation.
Fargo, N. D., Nov. 30-A. S. French,
said in New York dispatches to have
been arrested in that city for embezzle.
ment, is we'll known in North Dakota
financial circles, where he served for
two years as the cashier of the Farm
ers' bank of Glendale.
French left about six months ago to
90 to New York to take what was said
to be responsible position with one
of the biggest insurance companies.
While in Glendale French was a
prominent church and charity worker,
and acquaintances there will be loathe to
believe him guilty of any crime.
He was considered a capable business
man. He came to North Dakota from
St. Paul, Minn., where it is believed
that his parents still reside.
Word was received by Ellendale
friends less than a week ago of the
death of Mrs. French, who was one OF
the most popular women in the city
during the two years that her husband
was cashier of the bank.
Former Grafton Girl.
! Grafton, N. D., Nov. 3O.-Mrs.
French, wife of the former Ellendale
man arrested in New York. and who
died but few days ago, was formerly
a Grafton girl, Icing Miss Mary Nc.