Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-11-16
FRAUDS IN BANKS.
United States Judge Bakers
Charge 70 a Jury.

Charge 70 Jury.
he LAYS down THE Law m FULL.
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INDIANAPOLIS, Nov. l6.-Federai Judge
Baker in charging the grand jury paid
special atteatiou 70 the national Law re-
garding the Management OF national
banks and embexxlement, keeping in mind
the Haughey matter and the Indianapolis
National bank failure. The judge said In
substance that congress had enacted laws
for the creation of . national banking sys-
tenn. These laws. il honestly observed by
the officers of national banks. provide
such safeguards as are calculated to se-
cure their circulation of notes and to pro-
tect no less those who deposit their money
with them.
The Judge Deilnes 1iisdenesser.
Every director, president, cashier, teller.
clerk, or agent of such banking associa-
tiou who embexxles, abstracts. or willfully
misappropriates any moneys. funds. or
credit Of the association; or Who. without
authority from the directors. issues OF puts
IN circulation any notes Of tue association.
Of who. without such authority. issues or
put In ncirculstion amy certificateof of deposit,
draws any order or bill Of exchange, makes
any acceptance, assigns any note. bond.
q draft, bill Of exchange, :nortgage. judg-
ment. or decree, or who makes any false
sntry in any book, report. or statement OF
, Tie association, with intention in either
oase to iniure or defraud the association or
any other company. b.dy polite, or cor
! poratton or any individual person. or to
deceive any officer Of the association: or
| any agent appointed to examine the Affairs
of any such association; and every person
| who with like intent, aids or Abefs any
\ officer, clerk, or agent in any violation is
| guilty Of a misdemeanor, punishable by
| imprisonment in the state prison.
A limit to the BANKS Loans.
Such association, the judge said, has
the right to loan to any person. company
CORPORATION or firm no more than oDe-tenth
of its stock actually paid in. II . com
pany or firm is composed Of several mem.
hers the aggregate amount lent to the
private member thereof cannot exceed the
one-tenth rate Of its paid-up capital stock.
Any officer Of such an association who
knowingly or willfully loans . create,
amount to any person. company, corpora
tion or firm is guilty of . wilful misappli
cation Ut the funds Of such association
It would also be . wilful misapplicatior
Of the moneys and credits Of such associa
ton for any officer having the custody OF
control thereof to loan or advance thu
moneys Of such association upon promis
s@y notes - other sffprsties, which sact
officer at the time FUeE 4Be worthless
or when he knew that The money 30 loaned
can not be recovered by the association.
Some More Criminal OGenses.
When the officers Of a bank knew tha'
il is insolvent and in contemplation Of I
speedy close they are guilty Of 4 crimina
offence if by fraudulent representation
Of its solvency knowingly made they Leaf
any person TO deposit money in such in
solvent bank. Every such association i
required to make the controller OF tn
currencv not less than five reports durinI
each year. according TO the form wnic
NAV be prescribed by him, verified b.
oath or affirmation Of the president o
the cashier, and attested by the signatur
Of At least three Of the directors. An
false entry made in such report or stats
ment with intent to injure or defraud an
person. or to deceive any officer Of the a
sociation or any agent Of the governmen
whose duty it il to examine into the q
fairs Of such association, 10 guilty Of
criminal offense.
Branches Out On Mob Law.
The directors Of banks, he said, occup
positionc Of great trust and responsibilit,
The Law Justly charges them with Il
duty Of care and diligence. aud It exac'
from them answering honesty and i,
tegrity. I'VE hear also daily" said b
"of men being hanged or shot or torture
Ito death by self-constituted obs, becaui
Ithey claim that the law is misadmini
tered by the courts, or that the courts .
too slow in punishing and repressiE
INfime. In our own state not only mi
kAut helpless women, in the dead Of nigl
I,are shamelessly stripped and brutal
Fbeaten and fiogged by organized bands
ruhianly whitecaps, who claim that Il
law cannot correct the evils from whi'
ksociety suffers.
Excuses That Do Not Excuse.
~These claims arc largely unfounded, ,al
lii true they would furnish no excuse
kthe hideous savagery Of almost daily prs
tice, under the name Of lynch law
species of savagery intolerable in civilix
country. 1t is the duty of the courts al
juries to enforce the law SO as to reno
Al excuse for whitecepism and lynch II
Let us, gentlemen, perform our part
this great duty"
Waite win Call the Iegislature.
DENVER. Nov. 16.-The Times says: Gt
1 >~ccr ws;tn ;sfoevred The Tivnea r,<,eiti,