The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-05-24
From Sundays Second Edition.)
Jobnson,s Last Dax at Home.

LOGANSPORT, Ind, May 22.-From
maudlin sympathy for Banker Johnson, the
ness, and to-day they wanted to lynch the
man who robbed them. To-day many
of the dupes of President Johnson, farmers
from the country, who had loaned MN
their hard-earned money on his personal
security came to the city to learn of the
full extent of the losses. When they
learned that probably not a dollar of their
money would ever be recovered, some OF
them cursed, some wept and none had
good word for the fallen idol. The feeling
of anger was so manifest that when Deputy
United States Marshal Clark arrived to
make the arrest it was decided that 1t would
not be safe to bring Johnson through the
streets to the office of the commissioner,
and that officer and the deputy marshal,
therefore, drove to the handsome johnson
residence and the deputy marshal served
the warrant in the presence of his wife.
They were by far the most collected of the
few who witnessed the arrest. The banker
said: Il am ready to abide by whatever
course is best"
The prisoner waived formal arraignment
and preliminary hearing and the commits
sioner fixed the bond at $4,000. The com
missioner had already agreed with National
Bank Examiner Caldwell on the amount.
Johnson did not leave mis- house, but friends
went diligently TO work in the endeaVor 70
raise the required bond, but 1t IS not hkely
he can furnish it. A number or influential
citizens have been appealed to and nave re-
had not been secured, and Johnson Will
probably be taken to Indianapolis to-mor-
of the federal grand jury. A close personal
friend of the fallen banker said tonight
that Johnson would not attempt to evade
responsibility, but would enter plea OF
guilty and take his punishment. The PEN
atty for the oftense with which ne stands
charged is imprisonment for not less than
five years nor more than ten, with me 10
be fixed by the court.
At late hour tonight 1t was learned
that there will be no further attempt made
by Banker Johnson to secure bonds, and he
will go to Indianapolis in the morning. lie
has decided to make no defense, and Will
remain in the Indianapolis Jail until Tues
day. when the federal grand jury meets.
An indictment will then be returned and as
soon as possible Johnson will appear before
Judge Baker, plead guilty TO the charge Of
embezzlement, forgery and classification of
the accounts of national bank, with intent
to defraud creditors and deceive national
bank examiner. lie Will then receive sem
tence and enter on his term Of service in
the penitentiary at Columbus, o., as soon
thereafter as it is possible for him to be
The situation with regard to the affairs
of the bank is not changed in the least. The
recent examination of the examiner leads to
the conclusion that the SteallngS from the
bank will amount in round numbers to
$500 900. To offset this are assets which are
available of 500 900 in cash and S125 900 in
property turned over by President Johnson
In addition there is about $3l7 900 in good
paper in the bank out OF total of $4,000
This, it is thought viii secure the creditors
aside from the stockholders. The depositors
will all be paid. The stockholders will hold
a meeting, on call of Examiner Caldwell
who is awaiting instructions from Wash
ington before proceeding in the matter OF
reorganization.
Deputy Marshal Taylor went to Logans-
port yesterday and placed Banker Johnson
under arrest. He was unable tc give bail
last night, and was expected TO arrive here
on the early morning train.
The defaulting president of the State
National Bank of Logansport was the sub
iect of q conversation last night among
a number of former Logansport residents
who now live in this city It was agreed
that there never was man, unless it was
Mr. Johusons father, who came nearer
having the entire confidence and respect
of the community. Said one OF the gentle
men:
Johnnie Johnson was a man of a thou
sand He attended strictly 10 business. and
was regarded as one Of the most conserv-