The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-22
THE HAUGHEY INDICTMENT.
~ Contains Over 100000 Words and
Brings Out New Facts

~ Contains Over 100000 Words md
brings Ont New Facts
Conspicuously displayed i'm the office NJ
the United States clerk, last night. was a
oul8 OF manuscript, the most extensive of
ns character ever filed in the United States
Court The volumInous document, com
prising 4s2 pages. is the indictment against
Theodore p Haughey. president of the In
annapolis National Bank. One hundred
ana sixty-seven distinct counts are set
forth on the pages of the document. and
represent the major portion of nearly two
months deliberations of the grand Jury
Inc Indictment sets out in detail the his
tory OF the corrupt institution of which Mr.
Haushey was at the head
CHARGED WITH EMBEZZLINCf 100000
The jury begins the lengthy list OF charges
Dy hnding that Theodore p Haughey. bv
virtue OF his office as president of the bank
did, without the authority Of the directors
unlawfully. feloniously and wiIlfully en-
bezzle, abstract and misapply the moneys.
FUNDS and credits of said banking associa-
ton In tho sum OF 100000, with intent Ito
inJure and defraud the said national bank
ing association. contrary to the forms of
the statute Of the United States in such
cases, and against the peace and dignity
Dr the United States OF America" This Is
the first count the indictment sets out. and
then IL goes on to the second. where IL
Is charged by the grand jury that Theodore
y. Haughey. on Jan. l. 1891 and at divers
times between this date and July 26. 1899
did unlawfully misapply the funds of the
indianapolis National Bank by permitting
Schuyler G. Haughey, the Indianapolis Glue
Company, Indianapolis Curled Hair Com
pany, Francis A. Coffin, Percival r. Cof-
nm, the indianapolis Cabinet Company
and divers other persons TO over
draw their accounts at the bank in a large
sum. to-wit, the OF 100000, while
knowing each of these persons and COM
panies TO be wholly insolvent Further. IL
Is charged in the second count that Theo-
dore Haughey cashed and paid certain
worthless drafts drawn on We'll Brothers.
Chicago. in the sum of $4,000, out of the
funds OF the bank; also. that he paid out
or the moneys and credits worthless drafts
drawn by the Indianapolis Glue Company
on one j. II. Yocum, OF Chicago, in the
sum OF $4,000. and discounted and cashed
with the banks funds worthless and insoly-
ent notes executed by the indianapolis
Glue Company TO the INDIANAPOLIS Curled
Hair Company by Charles Geist. John F.
White and F. Strassner in the sum OF
100000. Again he misapplied funds in pay
ing worthless notes executed by Francis A.
Coffin, Percival b. Coffin and the Indianap-
oils Cabinet Company in the sum of $780, 600,
and In cashing insOlvent drafts and bills
or exchange drawn by the indianapolis
cabinet Company on the Indianapolis Desk
company. of London, England. in the sum
or $1,000 Then ii is charged that insolvent
notes executed by the indianapolis Plow
Company for $4,000 were cashed in bad
faith by the president for the use of the In
dianapolis Cabinet Company and the glue
works.
IL is alleged in the seventh count of the
indictment that Theodore p. Haughey. on
July p. 1898, converted SS5O.OOO of the banks
funds to the use of the INDIANAPOLIS Cab
met Company in permitting accounts to be
oVerdTawn in said sum; also i'm permitting
the Indianapolis Glue Company to over
draw its account to the amount of $1,000
Inc twe'ith count charges that between the
IaIeS OF Jan l, 1891, and July Il, 1893 the
indianapolis Curled Hair COMPANY oved
the Indianapolis National Sank the sum of
SoUoOVO, and that, in order To cover nm and
conceal this large overdraft and loan and
70 make 1t appear that the amount had not
peen loaned TO the Indianapolis CurIed
nalr company, but 10 make il appear that
the sum had been loaned to John r White
charles Geist. y. p Spruance f. L. Con-
Pet, StTdSsher, ,. {. Haughey, l.. G..
Haughey and others. that Theodore p
iauShey took the promissory notes of
these parties, in order that il might no
shown that loans had been made To each
OF them in large sums. when i'm truth not
one OF the parties received any part of
these loans. but that the sum went TO the
Use or the indianapolis Curled Hair Com
pany. The fact that all the executors Of
the notes We're wholly insolvent was well
Known TO Theodore p. Haughey Further
u IS claimed that he received from the
Gurled Hair Company worthless drafts on
Wen Brothers, of Chicago for $50 100 10
ana on j. II. NOcum for $40 550 7S said VVaIi
Brothers and J. H. Yocum being vvboII, A.,
solvent and not in the debt OF the C1riad
HAIR Company IN any sum whatever.
FAVORS TO THE HAUGHEY ENTER
PRISES.
The twelfth count charges that on Ian
i. 1891. and on divers times until July
70. 1888. President Haughey feloniously mis-
applied funds Of the bank. intending 10
convert the same 10 the use Of the Indian
apolis Curled Hair Company. to the amount
OF 100000. by permitting the company to
overdraw its account TO this amount and
In loaning TO said company said sum at
one and the same time. This count showed
that this loan was in violation of the ten
percent. feature of the banking law The
next count charges him with permitting the
said company 10 Overdraw its account
SzfZ9. the company having no funds TO its
creoit and Haughey having a knowledge
OF It's insolvency.
The fourteenth count, which is clothed in
the same general language concerning his
felonious misapplication OF moneys, charges
him with converting TO the use OF the In
dianapolis Glue Company $4,000 by dis
counting the companys worthless notes
and bills OF exchange when he knew the
parties giving and indorsing the notes were
wholly tnsolyent. on the next count he is
charged. with converting 10 the use OF the
Indianapolis Curled Hair Company 5000 600
by discounting worthless notes and drafts
The next count pertains To this same
Charge, but the language is so drawn as
TO cover any loOphole that might be found
In the preceding count The seventeenth
count Is another change OF language
The eighteenth count charges him with
giving the Indianapolis Cabinet Company
E50.000 by letting IL Overdraw it's account
when he knew the company was insOlvent
The nineteenth and the twentieth counts
change the language OF the preceding. The