The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-12-27
THEODORE p. HAUGHEY.
Indictment Against Him Contains
m

Nenriy Two hundred Oounts.
The Indictment against Theodore p.
Haughey is a voluminous document con-
tanning 500 closely typewriter pages.
or nearly 100000 words. There are 1s7
counts i'm the indictment, and il con-
tains a complete history of the system
attic looting Of the bank. and brings
out a number of facts heretofore un-
known to the public of the rottenness of
the institution Of which Haughey was
the head.
Theodore p. Haughey is charged with
misapplying the funds of the bank. with
making loans in excess of the 10 per
cent of the capital stock to single per-
sons or companies, with making false
entries in the books in order to make it
appear that persons we've entitled to
credits not due them. and for making
false returns to the comptroller OF cur
rency in his report
The jury begins the lengthy list Of
charges by finding that Theodore p.
Haughey, by virtue of his Office as presi-
dent of the bank, did. without the
authority Of the directors, unlawfully,
feloniously and wilifully embeZzle. alb
stract and misapply the moneys, funds
and credits OF said banking association
in the sum Of 100000. with intent Ito
injure and defraud the said national
banking association, contrary TO the
forms Of the statute Of the United States
in such cases. and against the peace and
dignity Of the United States of America"
This is the first count the indictment
sets out, and then it goes on 10 the
second. where il is charged by the grand
jury that Theodore =. Haughey. on Jan.
l, 1891, and at divers times between this
date and July 26. 1888. did unlawfully
misapply the funds of the indianapolis
national bank by permitting Schuyler Q.
oil
pany, indianapolis curled hair company.
Francis A. Coffin. PerCiVal j.. Coffin. the
Indianapolis cabinet company and
divers other persons 10 over
draw their accounts at the bank in a
large sum, tOwit, the sum of 100000,
while knowing each of these persons and
companies to be wholly insolvent. Fur
Their, il is charged in the second count
that Theodore Haughey cashed and paid
certain worthless drafts drawn on We'll
Bros. Chicago, in the sum of $4,000, out
OF the funds OF the bank; also. that he
paid out OF the moneys and credits
worthless drafts drawn by the Indianap-
oils glue company on one j. II. 4ocun
OF Chicago in the sum of $4,000 and dis
counted and cashed with the bank
ecuted by the Indianapolis glue COM
pany to the Indianapolis curled hair
company by Charles Geist, John +.
White and +. Strassner. in the sum Of
100000. Again, he misapplied funds in
paying worthless notes executed by Fran
els A. Coffin, Percival B. Coffin and the
Indianapolis cabinet company in the sum
of 100000. and in cashing insolvent
drafts and bills Of exchange drawn by
tn indianapolis cabinet company on the
Indianapolis desk company of London,
Eng. in the sum of $4,000. Then it is
charged that insolvent notes executed by
the Indianapolis pillow company for $780,
600 were cashed in bad faith by the pres
ident for the use Of the Indianapolis
cabinet company and the glue works.
1t is further charged that Theodore
p Haughey converted $3.50 900 of the
banks funds TO the use of the Indianap-
oils cabinet company by allowing the
company to overdraw it's account; that
he permitted the Indianapolis glue
company to overdraw it's account in
the sum Of $250,000; and that the Indi-
annapolis curled hair company drew
$500. 600. to conceal which overdraft and
loan it was made to APPEAR that a
part Of the amount had been loaned 10
John f. White, Charles Geist, A. p
Spruance, L. L. Cooper +. Strassner,
Schuyler c. Haughey, Lewis c. Haugh-
ey and others, when in truth none of
these persons received any Of the
money which was represented by their
promissory notes taken by President
Haughey and reported as assets. Il
was alleged that Haughey knew that
ent. 1t is charged further that the Cabi-
net company, the Curled hair company,
the Glue company and others We're al
lowed 10 borrow in excess of 10 per
cent. Of the capital stock Of the bank
In other counts the insolvent notes
Of Francis a. Coffin for $21,927.99, of
Percival f. Coffin for $27,196.7S. of the
Indianapolis plow company for $780,
240.25. OF the indianapolis veneer and
panel company for S31, 422.93. are de-
scribed, as we'll as the drafts on the
American desk company of Chicago for
81, 70S.16. on the Indiana cabinet c. m
pany of Boston for $50, 209. %, on the In
dianapolls desk company Of London for
SAC. 1921, on the Indianapolis office fur
niture company of New York for $47-
Sc. IS, on the United States office fur
niture company for SIG. 80. and drafts
of the WoOten Office desk company Of
Richmond, Ind, for S4S565.33. The in
dictment contends that all OF these per-
sons and corporations were insolvent as
Haughey well knew.
Other counts treat Of alterations made
by Haughey on the discount register.
which showed as live assets certain
paper that had been long since default
ed. 1t is charged that the books show
that an $500 note of w. A. Hoeveler e.