The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-22

Currency %
anime the affairs Of the bank.
considerable number OF the counts that
follow treat Of the loans made to these two
companies, In which Schuyler Haughey, the
presidents son. was SO largely interested,
and speak specifically Of the worthless notes
put IN the bank by dummies and among
ostensibly advanced are John f. White,
Charles Geist, T.. +. Cooper A. T. SprlI-
ance: r: Strassner, Schuyler c. Haughey,
l. Z. Haughey and others The notes of
White amounted to So SCI. O3: C;eist's notes
szSSSS-fzi Strassner's notes, S2S. 1l24l; E. f.
Cooper, $S.O1S.s0; Schuyler Haughey. $34-
fo5.'J; A. l.. Spruance, $33, 800; l.. C.. Haugh-
ey. SS4.olS.Is. 1t is cited that none of these
parties received these sums. The BLIND
crafts and acceptances drawn upon Well
J. H. Yocum for SO. 55O.7s. and which We're We're
PAD by the bank, also received treatment
notes OF Francis A. Coffin for So. 927 90,
Percival b. Coffin $27.1967S Indianapolis
G Sabine Company S.. 75s 20 Indianapolis
neer and Panel Company $S1, 422 90 are de-
scr1oed, as we'll as the drafts on the Amer
lean Desk Company of Chicago, for ST.
7OSl6 on the Indiana Cabinet COMPANY. OF
Boston. for s50.2O925 on the indianapolis
I Desk Company. Of Londan. for S4O.S3721. on
Of New York, for $47,s SO, on the United
states Office Furniture Company for S26-
V5z52, and drafts OF the WoOten Office Desk
Company, Of Richmond Ind for SIS 5s5 49,
The Indictment contends that ali of these
persons and corporations were insolvent,
as Haughey we'll knew
Inc th1rty-hfth count charges the preSi-
dent with converting to his own use So
Oob.6o and his account credited with this
amount when he was not entitled 10 it, One
OF the counts speaks of the sum advanced
20 the cabinet company as becoming wholly
lost TO the bank.
The forty-third count mentions a So 600
draft, drawn by the bank. on the Third Ma
ticEal Bank Of New York, upon receipt of
a check for such amount from the Indian
apohS Glue Company, when the president
knew the glue company had no funds in
would SEEM were honored by checks given
Dy the glue company when the president
knew Knew That the glue company had no funds
These drafts are in different amounts which
go To help swell the total mentioned in the
earlier counts of the indictment. bill of
exchange cashed for the cabinet company
ana drawn on the desk company of London
Tor l,l94 pounds sterling is mentioned in the
n1ty-nrSt count, when ii is alleged that the
desk company of London did not owe the
Indianapolis company any sum whatever
NO one count contains charges of a series
or misappropriations, but each item is COW
great volume of the Indictment
THE PIERCE LOANS.
Certain counts in the seventies bring in
the misapplication OF money for the benefit
Of the National Electric Headlight Com
pany in sums of $475 $3,4O77S S. 800 $S.SS4e5.
S67.75. to the Steel pulley works was dis
counted. 1t is charged that the headlight
company was insolvent.
The seventy-sixth count charges Haughey
with taking a note of r. B. F. Peirce for
S,2S06O for which draft was given on the
Third National Bank Of New York, and
that Peirce was known by Haughey to be
inSolvent. The seVenty-eighth count says
that Haughey loaned the headlight company
without any security except notes, when he
knew it was insolvent. the sum of 81. 0eO.
which was in direct violation CT the banking
law.
The next count charges the president with
issuing three certificates of deposit for $l0.-
900 each on July 10, two weeks before the
bank failed. when he had no funds on de-
the National Bank of the Republic of Chi
cagO, Ill. One count alleges mat this was
done for the purpose of deceiving the bank
examiner.
The ninety-seventh count calls attention
to a felonious entry on individual ledger L
of the bank under the account Of the glue
the credit column and purports to show that
the glue company on Feb. s. 1892, deposited
S5,117a when. In fact. it was only entitled
to credit of So OOO Another count alleges
a false entry in the curled hair conDany's
account when an entry of S7.0S9.S5 was made
instead of the proper, entry of $1,000. n like
false entry is charged in the glue companys
account on March 20, 1898, when So $50. 70 was
entered instead of $1,000. On Feb. 10; 1893.
the glue company was created with
1Sl67 instead OF $3.50.
The 105th count alleges felonious entry
on Jan. g. 1893, when the indianapolis Cabi-
net Company was credited with a deposit
of s23O6904. when the company had not de-
posted any part of such amount. Another
false entry on Jan. 8, 1893, of $2.723.l0 IN
company did not make such deposit is al
legged. The next mentioned false entry for
the cabinet company was on Sept Il, 1893,
make such deposit. Then comes descrip
ton of false entry on March 80. 1899, for
$50 1915 when the co company was entitled to
The 18th count charges Haughey with
altering and forging a draft and accept
ance dated Nov. 2S. 1889, drawn by the In
dianapolis Glue company on the Baber
Glue Company, of Pittsburg. 1t is charged
that he changed the date on the draft from
Dec. 81. 1890. the date Ii was due, TO Dee. 81.
1891, and that he did this TO deceive the bank
examiner. This count would indicate that
the draft was worthless. and that the date
on il was changed so that X might be car
ried in the bank as assets. The amount of
the draft was 50 93S. 80. 1t is further alleged
by the Bader Glue Company and Endorsed
by the Curled Hair COMPANY The. draft
was dated due Jan Is, 1882 1t is charged
that Haughey changed the year from 1881
to 1892. The 10th count accuses him of ad-
vancing the date of draft for like
amount Endorsed by the Indianapolis Glue
Company He is charged with making false
entries on the bank books in connection
with these drafts.
MORE FORGERIES.
The 10th and succeeding counts treat of
alterations made by Haughey on the dis
count register, which showed as live as
sets certain paper that had been long since
defGulted 1t is charged that the books
show that an $500 note of W. \. Hoeveler
& Co. had been paid on July p. 1898. when
the president knew that the note had been
due on July Il, 1890 and that the date last
above mentioned had been altered and
forged by Haughey to make the entry show
that the note was due in 1892 1t VIII be
noticed that the records credit the note
with being paid two days before the bank
failed. In the 125d count II Is stated that
the president falsely credited himself on
JULY 81, 1893. trustee with a deposit or
$500. and that the books showed that he
had n total credit of $4,000 as trustee,
and was not entitled on his account as
trustee TO this or any other sum. 1t is
claimed that this entry was made TO de-
fraud the bank. II is supposed that
fail. sought to get this sum under cover
for the odd Fellows. who had intrusted
him with their funds.
a false entry crediting the indianapolis
Cabinet Company with $4,000 on May %,
1899. when the company had made no such
faI,s. creGIt OF s., $3.50 on July l.. 1898, in
favor Of the CuTled Hair Company is al
legged In count rs. One in favor of the
Glue Company for s6.030.90 is alleged on
July T. 1893. Haughey is charged with
falsely crediting himself with $500 on Aug.
90. 1891: the Indianapolis Curled Hair Com
pany on Aug. r. 1891, with J,l9f93; the
Curled Hair Company on Aug. -, 1891, with
s4.37ieS; a false entry of 5000 on Sept. IS.
1891.