The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-08
Governor Chase Is on Lecture Tear, bat Paris
Is at Home Awaiting Farther
Developments
He Talks Freely of the Greentown Af.
fair and Doesn't Fear Conviction.
Difference in the Statements of Paris and His
Uncle. Dwiggins-Putile Effort to In
ject Politics Into IL.
WARRANTS ROT SERVED.

Ex-Governor Chase on Lecture Tour and
Paris mt His ONCE Here.
Although it had been foreshadowed by
the Journal the day before, the news of the
indictment of Ex-Governor Chase for al
legged fraud In connection with the Green.
town Bank failure caused much surprise
and comment in this city yesterday. No
Howard county officer arrived with the
warrants for Chase and Paris. The ex.
Governor is filing some lecture engage
ments in eastern Ohio and Pennsylvania.
and is not expected home until Saturday.
He has an engagement 20 preach at Plain.
field on Sunday.
John w. Paris, who. with Ex-Governor
Chase and Cashier Walden. was indicted
at Kokomo. was at his office in the old Sem
tlnel Building yesterday afternoon. He
said that an officer had not come down
from Kokono TO serve the grand jury
capias on him, but thas he was ready to 90
to Kokomo whenever it was necessary. He
had received letter from his attorney,
notifying him of the grand jury return. and
he was waiting for further information
from his attorney. Mr.. Paris stated that
he would give bond. He knew nothing
further of the grand jury's investigation
than what he saw in the newspapers yes-
terday morning, as he had left Kokomo be-
fore the inauisitorial body reported. he
was somewhat surprised that Chase was
indicted.
II do not know" said he, ION what spe.
cifc charge We were indicted. bu, infer
from the reports in the papers that 1t was
that where bank suspends and it Is shown
that the officers received deposits thirty
days before the suspension, such shall con-
stitute q prims facie evidence of embezzlo-
ment This 10 on the presumption that tho
officers were aware that the bank was In.
solvent thirty days before suspension.
This charge Will not hold good in our case
as we did not know the bank was insolvent
until the failure of the Columbis National
vste banks provides that the stockholders
shall be liable for all they are worth. Mr..
Dwiggins and i were the two heavy stock
holders in the bank. and i know that we
held together $3.50; 600 in stock In the Co
lumbia National Bank. Mr.. DwiRgins
held the largest part Of this. L knew
that the Greentown Bank was solv-
ent as long as we held this
Columbia National stock. but. of course.
when the Chicago bank closed it's doors We
mining Just how much the stock in the
bank was worth. The deposits in the
bank, including a small sum / had there.
amounted to over SlS,000''
Mr.. Paris was asked how much cash was
found in the bank after the suspension,
and be replied about $1,000. He explained
this small amount by saying that on tho
day previous to the suspension there bad
been quite run. The Greentown Bank had
drawn down much of the amount held by
the Columbia, and Mr.. Paris thought the
accounts about balanced.
'In the Greentown Bank" continued Mr..
Paris. was note for 5000 that had
given. placed 10 there to make O business
investment. The bank also had a note OF
the Chicago Gold-mining Company for
$4,000. The people at Greentown Say that
these are worthless, but consider them as
sets We mover claimed any fixed amount
as capital stock, for our capital varied.
No. We had none of the Northwestern In
yestment Company bonds in the bank.
never handled any of these bonds and have
never seen one OF them. l know nothing
whatever about the affairs of the invest
ment company. Mr.. Atkins had nothing
whatever to do with the affairs OF
the Chicago Gold-mining Company
which gave the note TO the bank:
Consolidated Cod mining Company,
which is O consolidation of the Chicago
and the Republic gold mining companies.
In the consolidation OF these two COM
combined companies was given the stock
holders of the Chicago company. L have
no idea OF the value OF she stock OF these
mining com mpanies. None of the stock OF
the consolidated company has been sold
since the company was organized. stock
in the Republic sold as high as $3.50 q
SHARE and understand that stock in the
Chicago company sold as nigh as g The
par value of these shares was Sl0 Ex-
Governor Chnse had u few thousand shares
<,f
did he pay cash for these shares he
held7"
"I do not know. but / think he boughs
some of the stock. he was In a pool that
bought big block Of the stock and some
of those In the pool. understand, sold tho
STOCK at profit. | do not know what the
note held by the Greentown Bank and
given by the Chicago company Is worth. 1
think it is past due. In the suspension OF
Columbia Bank had not come at the time
il did we intended to take the paper out Of
the bank and put in cash."
How about that story that q party Of
Indiana people bought big block OF min
ing stock on q train. while coming away
from Mexico, on the strength of q telegram
purporting to have come from Eastern cap
itslistsf"
"All know about that is merely what
have heard. The party. believe. was from
Covington, Ind. It had been TO Mexico
looking over the property and was return.
ing. when at q point In Texas telegram
was received announcing thAt party fr0U
the East was on it's way TO Mexico to buy
the mining properties. The Indiana people
thereupon telegraphed ahead 20 have some
of the stock saved for them. They were
afraid it would ali be sold. The firm of
Laden burg Thalman ~ Co.. of New York,
looked into the properties. aud sent experts
into Mexico. These experts made reports
highly complimentary TO the claims. L do
not think Governor Chase was on the train
when the telegram was received. The Chi
csgo Consolidated Company has five de-
nouncemente. as they are known in Mexico.
These claims are In the province OF Guan-
alto. and occupy a strip of territory along
q fissure Of a mile and q half. Not ton
has been taken out IN the last year that
did not yield from S12 to $50 a ton. Manager
anon, IS now IN Colorado, where tests are
being made with the cy anide process."
What do you think the Greentown Bank
will payw
Even throwing ont the paper which the
people claim Is worthless the bank ought
To pay so cents on che dollar if IL is proper
~ managed. OF course mnch depends on
the way receiver handles IL. l do not
know why the grand jury indicted US and
did not indict Mr.. Dwiggins. Governor
Chase had no funds in the bank. He was
employed by the firm of Paris n Nave, and
was to have one tenth interest in the prof
its of the bank for his WORK there. Chase's
name appeared on the letterheads of the
bank, but there was never more than q
verbal oopartpersnip agreement. Chase's
name appeared as "A director of the bank.