The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-22
AGAINST THE son.
He Is Also Charged with Aiding and
Abettfng His Father.

There are fifty counts in the Indictment
against Schuyler c. Haughey. the of
the bank president. and their general tenor
IS TO charge him with aiding and abetting
in the looting of the bank.
The first three counts set forth that The
odore Z. Haughey caused to be paid from
the funds of the bank sums amounting to
S27.43 on notes and drafts which he knew
to be worthless and upon insolvent persons.
The methods employed by the Haugheys
in securing 100000 between jan /, 1891, and
July %. 1893. by allowing the Indianapolis
Curled Hair Company to overdraw its ac
count are recited in the fourth count, and
are made the basis for further charges in
other counts The method was to accept
notes from persons, firms, companies and
interpretations known to be insolyent and
loan more than the 10 per cent. OF the cap
ital stock allowed by law. 1t is also
shown that drafts were accepted upon Well
Bros, Of Chicago. for $50, 1870 and upon
i. II. Yocum for SOC, 5507S when they were
known to be inSolvent and the drafts worth
less.
The nineteenth to twenty-sixth counts
show how the curled hair company was al
lowed TO draw various sums from the bank,
in all, amounting to $33.991.53 when it had
no funds or credits in the bank.
Next comes a recital of the dealings of
the Haugheys through the Indianapolis
Glue Company. 1t is alleged that, from Jan.
l, 1871, 10 july -, 1875, InS Ddnh was TODD6u
of $3.50, COO account Of the glue works.
The money was appropriated to the use of
Theodore +. and Schuyler G. Haughey by
caShing worthless checks and drafts, by
loaninG money TO the glue company and
making il appear that part of ii was
loaned to others who were also insolvent
and known TO be so by Haughey. In this
way they secured S525 SOL on notes signed
by John r. White $29,9SS.72 on notes OF
Charles Cieist, SOS, l12.H on notes of +. Stew
enson, $3S,07SS0 on notes of E. T. Cooper.
SS4,7S3. 70 on notes of Schuyler G. Haughey.
$685. on notes signed by a. r. Spruance,
and $4,000 over the signature of Lewis c.
Haughey Another item of 5000 is
counted for in the twenty-seventh count
where ii is charged that the indianapolis
Glue Company received from the bank
certified draft on the Third National Bank
of New York and gave in exchange its
check which was known to be worthless by
TIE twenty-eighth to the forty-seventh
counts. inclusive, specify particular in
stances where Theodore Il. Haughey
had made false entries in the books Of
the glue company, the curled hair company
and himself personally had made deposits
with the bank. In this way he had cred
tied the glue company with S19,6S7.19, the
Indianapolis Curled Hair Company with
s2l $40 G and himself with 5000. which. ii
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,
knowing that they were not worth the pa
per on which they were written.
The forty-eghth, forty-ninth and fiftieth
counts charge that Theodore p. Haughey
made false statements in his report 10 the
Controller of Currency July IL, 1923
In all the counts Schuyler G. Haughey is
charged with aiding and abetting the acts
Of Theodore i. HaugheN.