The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-22
AIDING AND ABETTING.
Fifty Counts I'm the Indictment
Against the Collins and Reed.

1t took fifty counts to cover the crimes
charged against Francis A Coffin, Percival
B. Coffin and Albert S Reed in the indict-
ment against them. They are like Schuyler
c. Haughey, accused of aiding and abet-
ting Theodore p. Haughey in misapplying
the bank funds and in making false entries
and reports to cover up the same. There
is recital in the first sixteen counts of
the manner in which money was obtained
from the bank by the Indianapolis Cabinet
Company, an insolvent concern, between
Jan. /, 1891, and July ., 1893 The moneys
obtained In this way amounted to 100000.
The counts charge that President Haugh-
ey misapplied this amount in paying it out
on checks and drafts which he knew to be
worthless, and that Francis A. Coffin, Per-
cival b. Coffin and Albert s. Reed were
guilty of aiding and abetting the crimes.
The seventeenth, eighteenth, nineteenth,
twentieth, twenty-irst, twenty-second and
twenty-third counts show how the sum of
S3'3,OO was paid out of the bank to the
indianapolis Cabinet Company between Jan.
l, 1891, and July 25 1893. by cashing a large
number OF notes known to be worthless
ana upon inSolvent persons. IL is also shown
that this amount is above the ten-per-cent.
law.
The twenty-fourth to the thirty-sixth
counts recite the story of how the bank
was looted of $780, 900 at various times be-
tween Jan. !, 1891, and July %. 1893. by
cashfng worthless checks and drafts drawn
by and upon worthless persons, by loaning
money TO the Indianapolis Cabinet Com
pany; by allowing the cabinet company to
overdraw its account, and to conceal the
orerdrafts, Haughey received from the
company a large number of worthless
notes and gave credit to the company on
the books for the face value of the notes,
all OF which were of insolvent persons,
follows; OF Francis A Coffin. $2192 SO; of
Percival b. Coffin SELECTS of the Indian
apolis Cabinet Company. $50, 7S9 %; of the
indianapolis Plow Company. $50, 242.05; of
the Indianapolis Veneer and Panel Com
Pany. s3l, 29S; notes and drafts on the
pany, of Chicago, S.7OS.16 drafts
on the Indiana Cabinet Company
TndianopoIis Desk sglG''-5 Company, of If" Lon
don. England. $4OSSL21; drafts on the In
dianapolis Office Furniture Company, of
New York, s47.S62.65; drafts on the United
drafts the Wooten Desk Company, of
Richmond, Ind. S4s,565.33. 1t is charged
that Haughey knew that each of these per
sons. firms. companies and corporationss
were insolvent. and the Collins and Reed
aided and abetted him.
The indictment further charges that the
Collins and Reed were parties to the false
entries and reports made by Theodore i.
Haughey, which were made at various times
to hide the true condition of the affairs OF
the bank and to deceive the agents or the
government whose duty II is TO examine
national banks. on March 80, 1892, an entry
was made in the ledger showing that the
Indianaolis Cabinet Company had deposited
$50. 1876. Under date of May 9, 1898, the
company is credited with deposit of $44,-
900; on Jan 6, 1893, with So. 069. "a; on Jan.
3. 1898. with 2.72310; on Sept. II, 1892, with
49, $500.
The forty-eighth, forty-nnth and fiftieth
counts are the same as those in the indict-
ment against Schuyler G. Haughey, and
charge the Collins and Reed with being par
ties to the making OF the false report to the
Controller of Currency on July u. 1893.