The Waterbury Democrat., 1939-04-25

Q. How long was he on the board of directors?
 A. I couldn't say.
 e. Did you keep what is known Each time Santalucia was given money at the order of Olsen, the witness said, Olsen told him to "mark it Santalucia", so his records would show the payment was made tc Santalucia.
 Returning to the check for s. 531.66, issued December 10, 1887 Richardson admitted that 1t con- tained no information which would show him that the payment was made to Olsen.
 Also on cross examination, Rich- ardson stated that Frederick Ches- son, another bank officer, saw the tellers' sheets daily.
 "Was the whole thing open and above board?" asked Cassidy.
 "Yes," was the reply.
 The witness said that the bank examiners had seen his records and had made no complaint, about the method of payment. He testified, in addition, that when Olsen became an official of the bank, the bank business increas- ed because Olsen was active. Small Checks
 In the redirect examination by AL corn, the witness stated that he only cashed small checks at his window for Santalucia, that the large pay ments were made in Olsen's office, by Olsen. He said that large checks were never cashed at the window, although he kept $10,000 in $50 and $100 bills on hand, on orders from Olsen.
 Richardson said that the active City of Waterbury account was kept at the Citizens & Manufacturers Ma tional bank, not the Waterbury Trust Company.
 "What did you mean when you said it was all open and above board?" asked Alcorn of Richard son, pertaining to the previous an- swer he had made to Cassidy.
 The witness replied that Olsen came to him at the cage, asked for the money, was given the cash, and he always gave orders as to the en- try to be made. Usually it was Mark it Santalucia,'" said Richard son, regarding the orders he re- ceived from Olsen.
 Richardson was excused from the stand after testifying that Olsen had never told him, when or how the bank records were destroyed.
 Loomis testified that he had often
 seen Olsen leave the bank with sums of cash in an envelope, al- though he admitted he had never actually seen Olsen place the money into the envelope.
 "You had no reason to watch Olsen," said Attorney Cassidy.
 "No," was the reply.
 Trusted Officer
 "He was a trusted ofilcer?" asked Cassidy.
 T supposed so," was the reply.
 Was he a trusted oficer?" de- manded Cassidy, as he insisted on a "Yes or no" answer.
 T always thought he was," was the final answer.
 Loomis admitted that Olsen had made no secret of the fact that the banks records had been burned. He admitted that when Olsen told him about the burning. clerks were in hearing distance. In his opinion the clerks did not hear, however.
 Attorney Cassidy showed Loomis check which the state contends was used to buy stock in the Electric Steam Sterilizer Company, even- tually to become the property of Daniel J. Leary. The attorney tried to gain an admittance from the witness that the check had never cleared the Waterbury Trust Com pany, but he was not successful.
 Loomis said that he had no knowledge of how many yreasurers' checks were issued by the bank in @ month, although he said 1t was not an extensive" amount. He said they were used for convenience, to trans. fer funds when one did not wish to carry currency.
 The City of Waterbury sometimes kept sums as high as $15O000 to $200, ,000 in the Waterbury Trust Company, he admitted. He also said that all banks liked to be given the special accounts of the city, but that the regular accounts were too much work" The bank still cashes city of Waterbury checks. he said, although Olsen resigned year ago. MT. Seeley, who also resigned from the bank about year ago, said that he remembered but once the occasion of Olsen taking money out of the bank. He never knew him to take cash to the City Hall or the Diamond Ginger Ale Company, he said.
 Left It to Olsen
 Seeley admitted that he left the management of the bank largely to Olsen.
 Under ross-examination, Seeley testified that 1t was not extraordin- ary for Olsen to take cash out of the bank.
 The former bank president ad- mitted that Olsen might have taken the cash out as an accommodation to customers. Asked by Attorney Cassidy if Olsen had not brought cash to the Hewitt Grocery Com pany, the witness said he might have. T don't recall" he said. He also said that he lrinched with Olsen quite frequently at Diorio's.