The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-01
sonal of the members of the firm. There is no
probability of the banks resuming business at
any time in the future.
JOHN KlDD'S ARREST.
His Attorneys Explanation of His Alleged En-
bezzlement of Edward Maslin's Money.

The arrest Of John Kidd, of No. 20 Thorpe
Block, on the charge.of emoezzlement, early yes
terday morning, led to considerable comment
His friends regard the criminal proceeding
against him as unwarranted, and Mr.. Kidd says
he will insist on having the charge fully
investigated before the Mayor this morning
He is confident the matter will not
go beyond that court. as it Will appear he has
been unfortunate in business affairs without
criminal purpose He declined to 60 into any
detailed statement of his side of the question
with Journal reporter last night, but referred
him to his attorney, George Spahr. Whatever
Mr. Spahr is willing to tell for publication, said
Mr. Kidd, will have my approval, and he has
advised me to refer you gentlemen of the press to
him.
The attorney named being asked to recount
the circumstances that led to Edward D. Maslin
preferring the charge against his client, replied:
II do not think it will be of damage to Mr. Kidds
case to say that he has suffered losses which
have embarrassed him. He had money in
vested in herdics. That was swept away and
other enterprises did not fulfill their promises
Recently he obtained control IF device that
he thought would prove prof. ia pie and enable
him to recover his financial strength. This
article was about ready for the market when the
trouble came upon him. Again, he has had con-
siderable money tied up in bad and slow notes.
representing loans he had made
What were his business relations with Mr..
Masnp
For a number of years Maslin has been
furnishing Mr.. Kidd with money, CIR Kidd has
borrowed it from him. Either expression will
answer. Maslin charged him with the money,
with the understanding that Kidd could use it
himself or loan it to other parties on good
security. All Maslin wanted was the
interest. When Kidd loaned the money
to others he bad the notes made paya
bic to himself, and when ne turned
them over to Maslin Endorsed them. Thus. if the
money was lost Kidd had to bear it. not Maslin.
Kidd always accounted to him for interest at the
rate of 10 per cent. and. when he made particu-
lariy good transaction, Maslin always received
bonus"
did Mas.in ever interfere in the matter of
loansl"
mo. From time to time he wonld bring Kidd
$500, $500, or $500. These sums were always
charged to Kidd, and from him Masin only ex
pected the interest Some time ago, within d
year or eighteen mouths, Kidd told him he had a
chance to sell his laundry business, saying, I'll
sell aud settle up with YOU Masin replied
Don't sell anything now don't want my
property to pay me- Their affairs went
on in the old way until ten days ago, when Mas
lin heard that Kidd was financially embarrassed
came to him for settlement, or rather asked
him for security for both principal and interest
Kidd did not have time to enter into the details
of settlement, but told them that he
would at any. time give them a
secure them until they made the final adjust
| ment of accounts. He also agreed to pay Mas
lin per cent interest for any balance due him
at the settlement from the time he gave him
the deeds of security. An agreement was drawn
up which states that Kids Indebtedness to
Maslin consists of loans from time to time"
did they ever reach settlement
Last Monday the two MaslinS. father and
son. We're to meet Kidd at his Office for that pur-
pose. The father came, but the son did not \
day or two after that old man Masliu came
again, and still tho son did not appear. The
father refused to settle without having him pres
ent Another day passed and young Maslin did
Evansville. He expected to collect some
| money there, and, having no idea
that young Masiin would come the latter part of
the week. went to that city. Saturday night he
| returned home, but during the day Maslif'ss soa
came over from Greenfield, and not finding Kidd
here, concluded that he had left the city 10 es-
cape settlement. Hence the afidavits chang
ing ENLIGHTENMENT and the arrest that followed.
They had officers watching the depot. but Kidd
had reached the city at halfpast o'clock
the arrest was made at IL o'clock,
midnight Kidd had no knowledge of young
Maslin's presence in the city. He calmly ac-
| cepted the situation, and asked the officers to
take HIM to me- I had not returned from a
whist party. and did not know of the affair until
/ returned home half hour later. In the
meantime, MIR. Kidd and the officers went to
Frank Creelman's. whore ! joined them. Mr.
Creelman sent for his attorney, Mr. Beck, and
the amount of bail being fixed by the Mayor
through the telephone Turnkey Clark soon ar
rived with the necessary bail bond. Mr.. Beck
ard Mr.. Creelman signed, and Mr.. Kidd went
home The trial will take place to-day"