November 29, 1901: Milton A. Mory, Fugitive, Indicted for Embezzlement and Misappropriation of Bank Funds


November 29, 1901: Milton A. Mory, esteemed Boyertown citizen and Cashier of the National Bank of Boyertown, has been indicted for embezzlement and misappropriation of funds. He is accused of knowingly, willfully, unlawfully, fraudulently, and with the intent to injure and defraud said bank and its stockholders, by converting to his own use bank assets sin the amount of $177,850. It is said that he transferred the assets to the firm of S.M. and M. S. Fridenberg as security for a personal debt he owed the company.

Because Mory is a fugitive from justice, having mysteriously disappeared on October 14, the Court was asked to present the bill to the Grand Jury so that the offense should not be barred by the Statute of Limitations. Bank officials will not talk about the matter and it is not known what the Directors will do to collect the missing funds from the bondsmen.

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