Show FINANCIERS IR ARE t p FOUND GUILTY Charles W M f Alfred H Curtis Curts Are Convicted of Misappropriating Funds BAIL IS DENIED PRISONERS PRiSONERS BANKERS RANKERS MUST AWAIT W IT SEN SENTENCE SENTENCE SENTENCE TENCE IN JAIL New York York Nov Not No W 1 Morse orse until a year e ago agoa a dominant figure In tn Inthe inthe the world of ot finance and ad Alfred H I Cur Curtis Curts Curtis ts fermer ferme president of the National atonal Bank of ot North America were found guilty gult to today today o day da in the criminal branch of or the circuit cirul court on charges pf misapplication ot funds and falsifying the th books of the bank bank Thorn here was also the additional charge of ot conspiracy against the prison prisoners ers era but the jury jur Acquitted the men on I this count Within five fhe minutes minute of ot tIm the the time the Jury had rendered r its Judge Juge Hough had refused to entertain a motion for tor bal ball bail and had committed the two bank bankers banker bankers ers er to the te Tombs prison rIson The judge judge said Sid that lIe he would hear heap any motions the law lawyers lawer lawyers er for forthe the prisoners desire to make at 1030 tomorrow morning morningTo To Be Sent to Prison The federal statutes provide pride a mini minimum minimum mInimum mum penalty of five years eara imprisonment for falsifying falsi tying the books of a bank and anda anda a a penalty of or twO years yedra Imprisonment imprisonment for misappropriation of t funds fund No alternative but imprisonment is provided for conviction on the charge of falsifying the th boelts book of a bank bank The maximum penalty oh this charge is ten I years yearn year imprisonment The Jury recommended recommended i mended mende clemency for tor Mr Curtis but made madeno no recommendation in the case cae of or Mr Mr Morse orse The scene In the court room was Wa w dramatic Mrs Irs Morse tand ud d Mrs Ir Curtis urtis had remained in the life court Ort room nearly n ri rial all al day awaiting the verdict Mrs Irs Cur Curs us showed signs of ot giving way to her emotion a number of times and once nce When the jury jur returned to the court room room to receive Instructions on the manner in which the conspiracy charge should be sobbed considered consider Mrs Ms Morse broke down and b A large crowd had hurried Into th court rt room to hear the verdict Mr MOrse and ard Mr Curtis stood before the jury jur while Foreman John Elder was reading the ver er dict dl tild and their wives sat near them lean lag ing forward in tn tenser tense tens attitude to te to catch cath every ever word We have hae agreed upon a verdict in I the case cae of ot both defendants said aid the fore man In a subdued voice On the charges of ot conspiracy we find fid them not guilty gity Relief Was Momentary A look bt tf relief came Caine to the faces f of ot the te prisoners prisoner and their wives but It ce last lat ed only a 1 moment for Mr Elder Eld r con cou On Ott O th the i charge of ot the tho misapplication of f c the the ot the bk bank wo ah find Cid beth defendants guilty On the tM charge of or rank mak ing Ing false entries in the books of DC the ma bank wo 0 find both t defendants guilty In the case ot o Alfred AI AIr a I H Curtis COtis CIrl the guit Jury wishes jur to tu make a strong recommendation to the mercy r rcy oft court A A stifling ob lef Mrs Cur Us ts lis as s she heard hear Job fT the recommendation escape for mercy for her her husband Mr Curtis took lIr Curis the verdict like a stole stoic but Morse was unable to conceal his disappointment ore ws while his wife showed no signs sighs sigs of oC emotion She kept her eyes on her husband for getting herself hersel I I There Tere was wa a momentary hush Iii in Ir the court court room This was wa broken by a buzz of dt excited conversation and a few min rain minutes mInute utes ute later laer the lawyers for forte the defendants defendant were making the customary motions for tor anew a new trial tri l for ball bail bal and for permission to t take an a appeal appa to the circuit court of appeals appels Judge Hough said Ea that he would hear he the motions tomorrow morning when the prisoners are ae arraigned before him to be t b sentenced He then the dismissed d the Jury Mr r Morse and Mr Curtis were ore Curts accompanied nied as far ta as the Tombs prison by their wives There luis has ha been wide Interest Inter st in the Joint trial trial It was brought out In the testimony tet mony mon that Morse had ha made large loans from the bank through dummies and that President Curtis Curi had hd enabled him hint to t do so The money thus obtained was used to finance the Morse ice pools and nd steamship operations Convicted on Counts United States District Attorney SUm Stimson son said that according to his tion ton the prisoners had been ben convicted On n counts all al ot or which are combined in the charges charge of at tion of funds and making ranking false entries In the books book of DC the bank bak The latter charge harge nh also aIm included the charge of oC making false reports to the tire controller of oC the currency Tonight Curtis Curis was hoping for tor a sus sue suspended suspended sentence because of or the aid he gave gae to the government attorneys |