Every evening, Wilmington daily commercial., 1920-12-20
EASTMAN ARRESTED
Con tinued from page !

to Eastman being released on $50, 600 bail,
but the prisoner could not get bondsman
| for this amount.
Eastman is a cousin Of William Bush,
former secretary and treasurer Of the Will
mington Savings Fund Society, now Mt the
workhouse, accused of embezzling 500, 900
in securities from the Savings Fund. Ac-
cording to officials of the concerns interest
ed in the alleged speculations, both men
used the securities taken to play the stock
market. Both, il il alleged, had bought
heavily on margin and q falling market
necessitated their taking n loss or cover
ing their losses with collateral.
Eastman WAS heavily bonded in the
National Surety Company, for which
Gilpin, Van Trump and Montgomery are
the local agents The local agents, IL ia
understood, has notified the companys s
offices in New York Eastman, il is said
was allowed several days freedom in
order to assist the powder company officials
in Strengthening out their books and also
10 assist the surety company in it's Efforts
to recover the alleged speculated securities
According to bank examiner who has
been in this city during the ast week, the
two arrests for embezzlement are the re-
suit Of an orgy Of stock gambling and con
| seuuent speculations which has swept the
during the last few months Both Bush
and Eastman are said to have been heavy
holders of stock which .slumped from
SIS TO little more than sIh share with
! in a short time II was in n desperate ef-
fort to cover their margin IN hopes OF
rising market. the official asserted, that
both men committed the crimes of which
they are accused.
MRS EASTMAN STANDS ny HER HUSBAND.
'1ll stand bv my husband 10 the end
! This statement WAS made today by Mrs.
/ Charles f. Eastman With the deep
/ shadows beneath her ewes as mute testi-
mony of a sleepless night. Mrs. Eastman,
| in her attractive home at Brack-Ex, spoke
| calmly Of her husbands trouble. He is
/ the best man ever knew" she said, and
| he is a good man You ask me If believe
| he is guilty POSSIBLY he is guilty in a WAY,
/ but | hardly know what to say to that.
4 am sure no meant 20 borrow the money
/ and not To steal II
/ Speaking IN voice 40 low that her
words seemed like whispered thought,
1 Mrs Eastman told that the exposure had
/ been terrible blow, one which had fallen
/ suddenly, unexpectedly, because although
she had known her husband was in finan-
cial trouble, she had no realization of
how serious Il WINS
OnSaturdav, when the first news of the
defalcation broke over the city and reach
ed into Eastman e home which he had left
that morning for a nal interview withthe
men who held tho relns of his fate, the
plrit Of his young, attractive wife was
more nearly broken than il was today.
At that time her large ewes were filed
with an indescrbable terror and she was
hardly able 10 speak Nearby. IN cradle
| Mary, the little daughter Of the couple,
less than two years old, was sleeping obliv-
lous to the ruthless forces which have
probably ruined her home.
Tins home is one Of tho most attractive
IN Brack-Ex, n large two-story frame
structure commodious IN the interior and
handsomely furpshed. A visitor entering
for the hrst time may be impressed by the
number OF books arranged neatly on IL
brary shelves, most Of them by classic
authors. In this home also there ~ mark
ed simplicity, lack of ostentation, in its
complete appearance
Eastman arrived at the workhouse a
short time after leaving the city He was
then W to the usual routine, required of
pr soners After being stripped Of his
clothes he was given bath after which
he donned the prison garb. The clothes
be wore to the workh0use will be fumigated
and kept until such time as they are to be
used again
According 10 Warden Plummer, East
man will have conference with his coun-
sci this afternoon at which time he will
likely make up his mind as TO his future
course.
Warden Plummer said that Bush will go
into Court Of General Sessions and plead
guilty tomorrow morning
BROTHER Is STUNNED
A younger brother of the accused, A. u. |
Eastman, employed by the Diamond
State Fibre Co, IN Norristown, Pa, was a |
guest at the Eastman home on Satur- |
day, but returned yesterday. He and the |
accused have been pals as well as
brothers through their school and college
days and later life. The brother expressed /
astonlshment al the exposure, and declared |
that with his knowledge Of the character of /
Charles, he was unable to put the thing |
together
During the interim since the first news I
OF the shortage on Saturday, Mrs East /
maIl has had time to gather her strength T
and meet the situation with remarkable I
cou.~ge
"My husband has hosts of friends"
was her statement this morning friends {
who pity, rather than censure him in this
troL Die, and who will stand by him and /
help hun in any way possible, just as |
will.
The Eastmans have been married for
five and one half years, although Mrs East
man says she has known her husband for
16 years.
MAY BE OTHER ARRESTS.
According TO report current today
at least one other arrest for embezzle-
ment Is likely TO be made in a day or
two. The Bush and Eastman cases have
caused general examination of assets,
with the result, it is said, that other de-
falcations have been discovered
A prominent attorney said today that
he wilpendeavor to have the next Legis-
lature pass a law requiring every stock
broker to report to employers the names
OF all employees trading in stocks through
their establishments. Other purposed legis-
lation is also under consideration with a
view to putting stop TO these wild prac-
tices.
REFERRED Ia IN CHURCH
Rev Charles II Bonner, pastor Of
Hanover Presbyterian Church. in his
sermon at the church last night, made
reference 10 the fall Of several prominent
men ~ the community and said that the
matter was .One Of commiseratIon instead
of being gloated over He said we should
really turn our sympathies to pity for the
men falling TO the temptations and that
sympathy should be extended to the MEM
bers of the families Of those affected
Nav pu<,n.ru1s .oNKu