The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-06
Grand Jury at Kokomo Votes to Indict ALI In
the Conspiracy. but Pressure Being
Brought TO Spare the Ex-GoverDer.
German Count and Miss Peter, the JEFF.
fersonville Heiress, Not to Be Wed.
Neil Ford. q Colored Tough. Shoots His Sister
at South Bead-Terre Hautss New Play.
house-Dr. Eggleston Talks 10 Children.
DETERMINED TO rNpIcr.

Kokomo Grand Jury Doesn't Want to Spare
Amy of the Greentown Bank wreekers.
Special 10 the Indianapolis Journal
KoKoMo, Ind, June 6.-Tke grand jury
report on the Greentown Bank failure IL
hanging FIRE owing Is is said. to n dispute
as to whether Ex-Governor Chase shall Do
included in the list of indicted. 1t appears
that the jury is determined to indict Dwig-
gins. Paris, Walden and Chase. against the
advice of the prosecuting attorney and his
assistant, in one or two of the cases where
they say there is not a ghost of show Of
conviction. The jury say. on the othes
hand. that the court may take the RESPONSE
bility of quashiDg the indictments If there
be no convicting evidence. The prosec utos
is now at work drawing mp the indist-
ments, and they will be reported in open
court tomorrow. Indications are that
Chase Will be indicted with the others.
strong pressure to bear on the grand Jury,
and the latter are not inclined 20 acceDt
the counsel OF their legal advisors.
The evidence produced before the grand
jury was highly interesting. and will be
revelation to banking circles generally.
The charge will be embezzlement, and the
story Is follows:
Paris and Dwiggins started the Green
town Bank ebcnt two years ago. aunoune-
ing capital of 10000 Being the only
bank In the eastern part OF the county apd
In the center of prosperous farming con.
munity. 1t did an extensive bueincss.
PART GOVERNOR CHASE TOOK.
Some months ago. soon after retiring
from the Office of Governor of the State
Rev. Ira j. Chase came here In the interest
of the Paris-Dwiggins concern. going out
srrpo ha 20 aolfc,fi,o oh al m
age, urging them to deposit their savings
in the Greentowp Bank. The Ex-Governor
also, in the past few weeks. cau-
vassed the vicinity for the sale of stock In
the bank for the announced purpose OF re-
organization under the State laws, tia
proposition being that Paris and DwIggins
would put Ia $4,000 and local shareholders
$4,000. This stock was nearly all sub.
scribed when the crash came. According
to the testimony of Cashier Walden before
the grand jury the bank was started with
ont dollar capital, even the Office fixtures
being paid for Ith money furnished by
depositors. The deposits were drawn out
as fast as put in, and replaced by worthless
no commercIal value. There is about $1,000
In cash and good paper In the bank. being
the sum total 10 be divided for the pay mems
OF S2l. COO deposits.
At Russisyillc. this county. another Psris
Dwiggins bank wss wrecked, and S40.00C
flched from local stockholders and depos-
itors. This was also investigated by the
grand jury, and its rottenness brought 70
light. The Russiaville concern, first operst.
ed as private bank, was reorganiZed rs q
State bank a year ago. nearly all the stock
being unloaded on local capitalists, who.
with the assistance of the depositoTs ars
now holding the bag.
The grand jnry began an Investigation OF
these concerns and of the people who had
swindled the stockholders. ten DAYS ago.
1t examined one hundred witnesses. lnclud-
ing Chase. Walden and Paris. The de.
frauded creditors broughta q strong pressure
atives on the panel, and learned counsel
was retained TO assist the prosecuting at
torney in pushing the inquiry. The testi-
mony of Walden, the Greentown Bank
as taken IN.