New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
Former Head of New
Haven Line and II
Others Accused.
BANK COMMITTEES
NAMED IN COURTS
Charges Based on TRANSACTIONS
in Financing Hampden Road
in Massachusetts,.

Cambridge. Mass, June s.--Eighteen
ner,ons. including Charles D Me,,en'
ev.nresideut Of the New YORK. Ne"
uaren & Hartford and the Boston
Maine Railroad companies; freaer,e"
G Moselev of F. S. Moseley & 20"
Boston brokers; the late kaipn -. -
lett. Of Westfeld, and the lnVes,'nens
committees OF two savings oanA' :"
This citv. we're indicted to-day py tne
MiddIesex County Grand Jury on Vari-
ous charges in connection WIN 'nI
financing OF the Hampden ksiiroau
from Bondsville to springheio. W. W..
Gillett was president Of the hainpue"
Railroad corporation.
Tn railroad was built year ago AS
link 10 connect the Central MaSss
cbusetts division of the Boston
Maine with the New York, New haven
& Hartford. but it has never peeh op
Grated. an attempt to obtain tne Ley
Ioture,s consent TO its lease 10 the
Roston & Maine having failed.
The indictments against Messrs'
NelIen Moseley and Gillett aliege con-
sn;raov 10 induce the investment com
r,ittees OF the two banks TO leHu sf''VoO
70 the corporation. Notes securing
tho loans were indorsed by the hamp,
don Investment Company, organizeu
hv Mr.. Gillett to finance the cohs'ruC
tion Of the railroad. which cesl APP
rroximately s4,000,0oO.
Investment Committees Accused
The investment committee OF the
Fat Cambridge Savings Bank Is IN
dicted on three counts OF conspii"cy
,o lend sums Of $4,000, sl6,Ooo ana
s5 oOo TO the Hampden Railroad Com
nsnv The men indicted are Gustavus
Goepner. James Ferguson, Davld ".
proudfoot. Charles W. DALEY anu
frederick B. Wheeler. The lndlCt-
ronts charge that the Hampden In
vestment Company was not suostah. !.
tial surety or indorser OF the notes OF
the railroad corporation given TO the
bank.
Similar indictments were returned
against the investment committee OF
the Cambridge Savings Bank, the
amounts named being $4,000, s25,OOO,
s22. 500 and S20.250. The committee
Of this bank consists of Edward II.
Cogswell, Enoeh Besne, James r. PEN
nell. Harrie +. Mason and Leslie y.
Brock.
Frederick s. Moseley was indicted
also on six counts, involving the al
legged larceny of sums amounting TO
s119 500 from the banks, and Mr.. Mel
len was indicted as an accessory be-
fore the fact on five Of these counts.
Ten other counts allege that Mellen,
Moseley and Gillett "conspired TO
steal and did steal" various amounts
involved in the transactions with the
two banks.
Members Of the Moseley brokerage
firm, including Sewall H. Fessenden,
Neal Rantoul, Stephen r. Crowley,
Benjamin P. Moseley and William s.
Clough, were indicted on eight counts
charging conspiracy to steal.
Eleven Secret Indictments.
District Attorney Corcoran said 20
night that the actual amount loaned
By the two banks to the Hampden Rail
road Corporation was only $4,000, but
as each of the notes had been renewed
several times a separate indictment
had been returned for each renewal.
When asked about eleven secret indict-
ments also returned the District Attor-
ney would neither affirm nor deny that
they were related to the Hsmpden Rail
road matter.
James F. Pennell, a member of the
investment committee of the Cam
bridge Savings Bank, said that at the
time the banks investment was made
s1,4OO,OOO of the corporations paper
was taken up by different savings
banks. in the belief that on completion
Of the Hampden road the Boston &
Maine would lease it, with the consent
Of the Public Service Commission. at
was an investment that would sell any.
where" Mr.. Pennell added.
Stockbridge, Mass, June 29.-"I can
not conceive how any one can say that
! had any connection with this mat
ter" said Charles S. Mellen at his
home tonight. 81 am as much sur
prised as you are. | cannot under
stand how my name has been brought
into this case.
But you know it's easy enough to
indict a man for almost anything
Somebody has made some sort of a
statement 20 the jurors abou me. |
cannot conceive what it colt have
been. I know nothing ut al of this
affair. Consequently l cannot make
any formal statement"