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FINN ARRAIGNED ON CHARGE OF EMBEZZLEMENT Counsel Waive Naming Bond and Norwich (Ct.) Bank Treasurer Is Committed to Jail Norwich, Ct., Oct. 27—While George A. Finn, former treasurer of the Bankers Trust company was being arraigned in police court before Judge Libby on a preliminary charge specifying embezzlement of $40,000 as part only of the bank's losses aggregating $146,000, a small run on the bank was in progress. The withdrawals from the bank were readily met. Counsel for Finn pleaded for a reduction of the bond of $80,000 asked and suddenly, after conference, they waived the naming of any bond. Finn was then ordered committed to jail. Fifteen minutes later he was confined at the New London county jail in this city. The case was continued until Saturday. Then, unless some other step is taken in the meantime, an amended complaint will specify every criminal act covering his operations of the last three months. It is possible that a bench warrant may be sought to present him before that body. Hartford, Ct., Oct. 27—Gabriel C. Berker, a broker, has offered to make good the $146,000, alleged to have [been taken from the Bankers] Trust company of Norwich by George A. Finn, secretary and treasurer of bank. Bank Commissioner Byrne said $9000 of the alleged defalcation consisted of a shortage in assets and $54,000 in unauthorized loans and overdrafts, all of which have been made up by President Augus Park and the directors of the bank. Byrne declares the bank is solvent and will remain open for business as usual. President Park also offered to go Finn's bonds, which offer was refused by Finn. Broker Agrees to Make Good Finn's Losses Norwich, Ct., Oct. 26—"Mr Berker will make good the money which Mr Finn lost in dealing in stocks." This statement was made today by Mrs Berker, wife of the head of Berker & Co., brokers, with whom George A. Finn, former secretary and treasurer of the Bankers Trust company dealt. Finn is now held in $80,000 bonds on a warrant charging him with the embezzlement of $40,000 on September 15. Berker's readiness to make good the losses of the bank was confirmed by United States Commissioner Earl Mathewson, his lawyer. According to Mrs Berker, her husband has made his offer to help the former banker, not because of any irregularity in the brokerage transactions, but because of Berker's friendship for Finn. Mrs Berker said that her husband had called her on the long distance telephone today from Lexington, Ky., and that he was expected to return to Norwich Friday. Mr Mathewson refused to give information regarding the whereabouts of his client, but said that he could produce him within a reasonable time. Shortage of $146,261.39 Discovered George A. Finn, treasurer of the Bankers' Trust company of this city and a former state examiner of banks, was arrested Saturday night on a charge of embezzlement after State Bank Commissioner John B. Byrne had discovered a shortage of $146,261.39 in the bank's funds. Police say he has admitted taking the money and losing it in the stock market within the last four months. The bank's losses have been fully replaced by the directors. Has Host of Friends As treasurer of the Norwich Lions and of the Norwich Board of Trade, besides his banking connection, the alleged embezzler was one of the most prominent men in town. The host of callers at headquarters throughout the day, all offering sympathy and help, testified to his popularity. The scene recalled, too, a similar one last August 8 in the neighboring city of Putnam, when G. Harold Gilpatric, then state treasurer and cashier of the Putnam National bank, lay near death from a self-inflicted bullet wound that led to his arrest as the embezzler of $200,000 from that institution. Finn and Gilpatric were friends, and the former's defalcations are said to have begun just before Gilpatric's career ended so disastrously. According to the police, Finn lost the bank's money in a series of swift and heavy plunges in stocks and in market dealings to obtain rights to coal lands in Kentucky. The following official statement was issued by Commissioner Byrne after he and a corps of examiners had worked all day on a final check-up of the bank's accounts:— "The examination of the condition of the Bankers' Trust company of Norwich at the close of business October 24, 1924, disclosed shortages in the assets of the bank to the amount of $91,620.34, also unauthorized loans and overdrafts amounting to $54,641.05. Say Losses Are Covered "This condition has been brought about through the operations of George A. Finn, the former treasurer of the bank, during the last four months. Upon notification of the extent of the defalcation the directors at once placed in the bank cash to an amount which, with the recovery on the surety bond of the former treasurer and further recoveries on securities turned over by Mr Finn, will fully cover all losses sustained." Finn was bonded for $25,000, but the value of the recovered securities was not announced. "As a result of this action on the part of the directors the bank is in a sound condition and its depositors are fully protected," Commissioner Byrne added. The specific charge on which Finn was arrested was the embezzlement of $40,000 September 15, said to be his largest single defalcation.