The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-12-27
SCHUYLER G. HAUGHEY
Charged with Aiding and Abetting
His Father-Fifty Counts.

Charged with Aiding and Abetting
His Father-Fifty Counts.
The indictment against Schuyler C..
Haughey is in fifty counts and charges
him with aiding and abetting Theodore
p. Haughey in misapplying the funds
of the indianapolis national bank and in
making false entries in the books of the
bank and in making false reports to the
comptroller Of the currency The first
three counts set forth that Theodore p.
kssS go 49, -. isAskps, IaJd from the
funds Of the bank sums amounting to
SIC. S27. 43 on notes and drafts which he
knew TO be worthless and upon insOlv-
ent persons. The methods employed by
the Haugheys in securing 100000 be-
tween Jan. 1, 1891, and July %, 1898, by
allowing the Indianapolis curled hair
company to overdraw it's account are
recited in the fourth count, and are
made the basis for further charges in
other counts. The method was to ac-
cept notes from persons, firms, COM
panies and interpretations known to be
insolvent and loan more than the 10 per
cent. of the capital stock as allowed by
law. 1t is also shown that drafts were
accepted upon We'll Bros. of Chicago for
$36, 49610 and upon ]. Fl. Yocum for
500. 550.7S when they were known to be
insolvent and the drafts worthless.
The nineteenth to twenty-sXith counts
show how the curled hair company was
allowed to draw various sums from the
bank in all amounting to S33, 991.53 when
it had no funds or credits in the bank
Next comes recital Of the
dealings Of the Haugheys through
the Indianapolis glue company. 1t is al
legged that from jan 1, 1891, to July %.
1898, the bank was robbed Of S2500OO
on account Of the glue works. The
Theodore p. and Schuyler c. Haughey
by cashing worthless checks and drafts
b. loaning money to the glue company
and making it appear that a part of it
was loaned TO others who were also in
solvent and known to be so by Haughey
In this way they secured S52,561 on notes
signed by John F. White. $2993S.72 on
notes of Charles Geist SOS, 11241 on
notes of +. Stevenson. $33. 078.S0 on notes
of r. f. Cooper. $34.783.79 on notes Of
Schuyler c. Haughey, $33,500 on notes
signed by A. p. Spruance, and 100000
over the signature Of Lewis c. Haughey.
Another item of SO, 900 is accounted for
in the twenty-seventh count where it
is charged that the Indianapolis glue
company received from the bank a GER
titled draft on the Third national bank
Of New York and gave in exchange it's
check. which was known 10 De worthless
by President Haughey.
The twenty-eighth to the forty-seventh
counts inclusive specify particular in
stances where Theodore p. Haughey
had made false entries In the books of
the bank in order to make it appear that
the glue company the curled hair COM
pany and himself personally had made
deposits with the bank. In this way he
had credited the glue company with
S19, 68719, the Indianap polls curled hair
company with s21. 97O76. and himself
with $4,000. which. it is alleged. was
never received by the bank. This is in
addition to the hundreds of thousands
Of dollars of worthless notes and drafts
which he received at face value, know
ing that they were not worth the paper
on which they were written
The forty-eighth, forty-ninth and
hftieth counts charge that Theodore p.
Haughey made false statements in his
report to the comptroller of currency
July u, 1893.
In all the counts Schuyler c. Haughey
is charged with aiding and abetting the
acts of Theodore p. Haughey.