The evening world., 1913-12-29
CIRCUIT INDICTED
FOR PERJURY IN
UNION BANK CASE
Ex-CoInptroller and James I.
Ashley, Accused With Him,
Plead Not Guilty.
CHARGE is TECHNICAL.
A Former Indictment, Based on
Same Facts, Was Dismissed
by Court.
CHARGE IS TECHNICAL.

Ex~Comptrcller Edward NJ. 0rout. ~ho
was President OF the Union Bank Of
Brooklyn - the rsorHanissd Mechanic
And Traders Bank-from August, 1893 10
the thns Of its closing In April. 1910. and
James T. Ashley. its cashier. appeared
to-day before CONnty Judge Dixie In
Brooklyn and pleaded not guilty To In
dictmsnts chArsinS them with per,ury
ia connection with their report to the
state banking Department 10 iSle.
Both men made their pleas. With leave
to withdraw them within ten days.
Judge Dixie released both men on tneir
own recognixsnc0. asspits the opposi-
tion Of District-Atorney Cropssy. who
said he objected TO the procedure on
prinCkpls only.
II think. nsvssthsisss. that ca trus,
Mr.. 0rout and Mr. AAhlsy not to ruo
away" replied the Court. "TAsy are
discharged"
The indictnsnts against the FORMER
bank ofictais we're found. on Saturday.
They are hAssd on identically the sumo
Get Of facts on which the sAms men
were Andiotsd On OCT. 10. I'M. on the
technical charge Of making . nalse re-
pert TO the Banking Department. ThA
cffsnss v only . misdem<anor. Psr1:ry.
with which they are charged nov. u a
fsioay.
FIRST INDICTMENT THRoWN
OUT ~ COURT.
In the misdsmeanor indictment there
were SSoo statements on which charges
could bs based and Mr.. 0rout and Mr..
Ashley went before Supreme Court Jus.
tee Marion with the motion that DIS.
triot,Attornsy Cropssy b compelled to
indicate the exact charge which they
| must answer. The Distract-Attorney
refused TO comply with this dAmanA and
- . result Justice Marion threw out
the Indictment
The present indictment charges Mr.
0rout and NJ. Ashley With rendering q
report which showsd the tO&al reeeurcs,
OF the Union Bank to be n.l6S. 2oL q
whereas. II 10 osntsi,dsd. shs resource.
actually amounted to only N.oN. .6s5. ~
The Mechanics and Tradsrs' Bank
vas closed on Jan. si. 1908. Edwar<
n 0rout. Its counsel and q director
undertook IL rsorsanisauon and II re-
sumsd business ~ the Union Bank OF
Aug. Is following. Later Mr.. Grou
said the bank had nearly ruined HIN
.. .ls to revive the business
STArEMENT ieoUEo ~ oRoU1
THROUGH HIS ATTORNEY.
M 0rOut. through his attorney
Stephen Il. aldwin, issued this state
mont:
nfty years. holding various position
not only Of honor but Of trust and re
sponslbility. to become suddenly Il
April. 1910. both a fool and rogue. and
would have had 20 have been both I
this indictment we're true. This will
evident to people who nOle that the al
Logged overvaluati ton amounts to nearl
S9.250. .000---a sum far exceeding wha
the banks capital and surplus wer
ever supposed TO De.
vt viii be recalled that not one Of tn
alleged Over-vatuattOns Was OF Asset
/, for which l was raap0nsible. but wsr
, all. IN one form or another. inheritc
! from the sullivan administration. an
4 were all turned over to me at the ?,
1 organization OF the bank by the Bankin
Department at the values at which "
. tlsreaftss carried them until We ia
A reason " the contrary
=, $50 far ~ ! know. the report WI
u true In its ststeinents. nOtwithsts ndin
h the fact that after three and Ia
h years Of the administration OF NJ
= Dodge. Mr.. 6oldstein and MIR. Cropss
u many ~ these assets have turned oul
10 worth less than either l Or 4
Ranking DspartmAnt thought ehsm
be-"