Suit Filed Against Bank Directors Over Cambridge Looting
With the approval of the comptroller of the currency former Governor John L Bates as receiver filed suit in the United States Circuit Court against the president and directors of the wrecked National City Bank of Cambridge to recover losses to depositors and stockholders from the looting by bookkeeper George W Coleman who is serving fifteen years in Greenfield jail for the offense.
MENTIONED IN THIS ARTICLE
John L. Bates
United States Cicuit Court
National City Bank of
Cambridge
George W. Coleman
Greenfield
National City Bank Cambridge Suit Alleges Directors Negligence
The receiver sues Edwin Dresser and David A Barber as president and director for gross negligence claiming they failed to supervise employees and oversee the bank causing Coleman to steal 807000. Other directors are named. several were not joined. The bank is in liquidation with losses estimated at 319000 and deposits totaling about 400000. The suit seeks accounting and relief against the president and directors under national banking law, with potential precedent on director liability.
MENTIONED IN THIS ARTICLE
Coleman
Edwin Dresser
Cambridge
David A. Barber
George W. Gale
Sumner Dresser
Brookline
George E. Richardson
Wellesley
Josiah H. Goddard
South End National Bank
Charles G. Bancroft
Natick
Boston
Frank D. Allen
Central National Bank
National City Bank of
Honeymoon Arrests Shake Des Moines Couples in New York
Peter C. McMartin and William Ek Adolphe, both of Des Moines Iowa, were arrested on arrival from Chicago with their brides. They were arraigned in Tombs court and held by Magistrate Murphy in 5000 bail each for examination on Saturday. Charged with passing a worthless check, they denied the charge and were committed in default of bail after a telegram from Des Moines detectives.
MENTIONED IN THIS ARTICLE
New York
Peter C. McMartin
William Ek. Adolphe
Des Moines
Chicago
Murphy
Bar Harbor car exclusion bill upheld by Maine Supreme Court
Augusta Maine November 3 The Bar Harbor automobile exclusion bill was declared constitutional in a ruling issued today by Associate Justice William P Whitehouse of the Maine Supreme Court The decision confirms the legality of the measure commonly known as the Bar Harbor exclusion bill.
MENTIONED IN THIS ARTICLE
Augusta
Bar Harbor
William P. Whitehouse
Maine Supreme Court
Defence rests in Adams case in nine count larceny trial
The defense rested after presenting evidence only on the last count charging Adams with stealing about 4000 dollars worth of securities pledged as collateral. Adams did not testify. Proceedings included law-argument by ADA Webber and Rowley, and an attempt to delay for Carlos Warfield whose presence was secured by a protective writ. Warfield testified about Adams office resembling a stock broker’s. Henry H. Love, a Boston stock broker, drew notable attention as a divorce-case principal.
MENTIONED IN THIS ARTICLE
A. D. F. Adams
Adams
Webber
Rowley
Carlos Warfield
F. Augustus Heinzg
Court House
Warfield
Braley
Criminal Court
Henry H. Love
Boston
New England
California
J. Omeara
Eastern Passenger Agent
Washington St
Jesuits Safe in Portugal Denials Issued
Disturbed by rumors of a crackdown in Portugal the provisional government relayed denials through its diplomatic posts. The Foreign Office instructed officials to dismiss reports of arrests court martials or executions of Jesuit priests.
MENTIONED IN THIS ARTICLE
Washington
Portugal
Portuguese Foreign Office
Light vessel bottom up in North Atlantic sighted
The British steamer Venango reports a derelict vessel lying bottom up in the North Atlantic as it neared New York on Nov 3. The ship, seen after St Johns Newfoundland, appeared to be a schooner and carried an injured engineer to hospital after stopping at St. Johns for treatment.
MENTIONED IN THIS ARTICLE
New York
Venango
Plymouth
St. John’s
N. F
Milkman Injured After Team Collision in Cambridge
Charles Andrews of 52 Western Avenue Cambridge a driver for Whiting & Sons milk team suffered painful injuries when his wagon collided with an Elevated car at the Hamp shire and Norfolk streets corner in Cambridge yesterday morning.
MENTIONED IN THIS ARTICLE
Charles Andrews
Western Avenue
Cambridge
Whiting & Sons
Hampshire and
Norfolk Streets
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