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Cashier Arrested

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Lansing, Oct. 26.- Quite a sensation was created here Wednesday afternoon when Nelson Bradley, who trom the time of its organization uutil it went into the hands of a receiver last April, was cashier of the Central Michigan Savings bank, was arrested on a warrant sworn out by Hon. Theodore C. Sherwood, commissioner of banking, charging him with per jury in making false reporta of the conditiou of the bank. The complaint, which is quite voluminous, charges that on April 17, last, Bradley knowingly, falsely, fraudulently, wilfully, feloniously and intentionally, for the purpose and with intent to deceive the commissioner, made false statements, under oath, regarding the condition of the bank. The commissioner charges that Bradley swore that the notes and bilis rediscounted by the bank amounted to ?33,857.39, when in fact they amounted to over $160.000, and that he swore that the overdraf ts were 40,009.48, when in fact they amounted to 581,240.15, Bradley was in the office of Receiver Stone of the bank when the warrant was served by Constable McKale, and broke down completely. He absolutely refused to discuss the matter, but sent out for severa] personal friends, who accompanied him to the office of Justice Dolan, who issued the warrant, where he gave bail in the sura of 3,000 for nis appearance for examination, Wednesday, Nov. 8. The snreties on the bond are Postmaster L. E. Eowley, W. G. Wiley and Edgar Miffin.


Ann Arbor Argus
Old News