The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-04-14


property with the intention OF keeping 1t
from the creditors OF the bank.
President Spalding. Vice President Aver
i'll and Cashier Churchill of the bank put in
an appearance to-day in the court or Jus
tice Hall and gave bonds for their appear
ense AP is to y ddph 10 Rs
one OF the depositors OF the bank.
FICTITIOUS SIGNATURES.
Receiver Leman has found in the course
of his Investigations that several large
loans had been made on notes bearing ficti-
tious signatures, signatures OF dunn
miles, and the sums thus drawn from the
bank will be placed gainst Mr.. Spalding. The
latter transferred property valued al $4,000
TO the receiver the day after the failure.
This. however, is said to cover only his
liability as a stockholder. The receiver
wants to get hold of the bankers realty 10
cover these personal loans.
Cashier Churchill transferred all his prop
erty to the receiver in order TO do what he
could TO protect the depositors. He also
discovered that $4,000 worth OF property
had been decided to Miss s. Louise Erwin,
sister of w. Berry Erwin, assistant cashier
OF the bank. One piece OF property con-
sisted OF $50 acres of land near Idaho Falls,
Ida. She had also received bonds and mort
cages on property around Byron avenue
from Spalding. Why the property was
given to her is not known. Cashier Churchill
told her she would have to show what con-
sideration she gave for il, and then she
signed all the property TO the receiver
tees and the depositors of the bank over
the possession of 100000 of bonds discovered
by the receiver in the vaults. The deposit
tors maintain they will demand pro rata
share of these bonds. as they are not
marked as the property of the university;
with rubber stamp. and il is said the
mark could easily be erased The trustees
declare they have the numbers of the bonds
and will be able to recover all that Re-
ceiver Leman holds.
Strange as it may appear. Cashier
| Churchill did not until quite recently sus-
pect what was really going on in the bank.
| Proof of this is furnished i'm the fact that
| he induced his brother. George h. Churchill,
"A prosperous hardware man of Galesburg,
| to become director, and his own personal
account also disappeared I'm the institution.
Churchills record is found to be very good.
| and his personal character appears to have
been totally unlike that of his superior
| officer. His former law partner. Mr.. Newell,
| of Newell q Heldman who attended school
| with him at Knox College, in which Mr.
! Churchilrs father is n professor, declares
| his faith in Mr.. Churchills personal In
| tegrity, and the surety company back of
! him is equally confident, and willing TO
| double or treble his bond at any time. He
| has been untiring in helping the receiver to
discover assets and his assistance has been
| invaluable.
SPALDING'S FAMILY TROUBLES.
| The Times-Herald says: Charles w.
| Spalding is the victim of a woman's wiles
The president of the broken Globe Savings
| Bank is a grandfather, but for years he
| enough to be his daughter. For her sake
| he has broken up his home and alienated
| his wife and son. The object of his atten-
| tions was a stenographer. For five years
| past she and her family have lived in
| house rivaling that of the bank president
| in luxury and she has been wearing dia-
monds and sealskin furs.
| ''Ten years ago Mr. Spalding was an ac-
| tive member of the firm of Spalding, Nit
| chell & Co.. wholesale dealers in coal. In
their employ was a young woman OF pid eiid-
| ing took an interest in her, and when she
went to Boston to attend a school 1T was
| supposed he sent her because she was
! bright girl In 1889 Mr., Spalding plated
| some land in the locality known as Cuyler.
and in 1892 he built a number of frame
| dwellings in Byron street between Lincoln
| avenue and the Northwestern tracks. Mr..
| Spalding moved into the house at 522, his
son, Charles r. Spalding; into olS and the
| family of the stenographer into house
..The stenographer had returned from the
Giob aSs ana savngs bor Bank ah Which Mr spadng
| had started in the meantime. Her brother
was given position as messenger and rose
| TO be assistant cashier Her father was
| made custodian Of the vaults. The stenog-
raphers father had been carpenter, but
| apparently as large and as fine as that of
the bank president. AT that time the Spald-
| ing families and the stenographer's family
During iS92 and 1893 Mr.. Spalding was
| engaged in writing book called The
| Spalding Memorials" which gave a history
| of the Spalding family in England and
| America. This afforded the banker abun-
dant excuses for visiting the stenograpner i r,,
| pany. Mr.. Spalding had number or car
| riages. and it became a common practice
| across the street to the home of the young
woman. whom he took into his carriage
and rad ws o fSr Saa long the
| humble calling of stenographer began TO
display jewelry and fine clothing. and 1T
| was whispered about the neighborhood tnat
| her home was furnished luxuriously.
| Mrs Spaldng finally suspected something
was wrong and protested, but her nuspand
| failed to break away from his infatuauon.
| She made repeated but fruitless efforts to
| get him to abandon the young woman. and
| agreed to a year ago last October 1t was
| the talk of the neighborS that he had decided
the home to his wife and given her an I,,al al
| lowance of 500 month. Mrs. Spaldlng
| and her daughter-in-law went East Tor
| eight months to let the scandal blow over
| down town and the banker went to the
| Plaza Hotel Mr. and Mrs. Alexander Lozo
came from Denver about that tiInet me- hiri hhn
| at the Plaza Mrs. LoZo is his sister The
! Lozos concluded to take up their residence
at the Plaza in the hope OF pnreaikins niSns t,e sne
young womanS hold on the pahher' Out
1T was the gossip of the spalding neigh
| borhood that the banker had presented his
| former stenographer with the house in
| which she and her parents were installed in
| Byron street. Her father left the banks
| employ two years ago, and neighbors speak
| of him as having retired The young
woman made a number of trips out of town.
Two wears ago she was gone all summer,
| and it was given out she was at a resort.
| Last Saturday she turned over 10 the re-
! cever of the bank s61,0 900 worth OF property
| supposed to have been given her by the
banker"
Dean Concern Under Investigation.
NEW WORK April 13-District ATTORNEY
| Olcott to-day commenced an official inves-
| tigation of the failure OF f. S. Dean &
| Co 1t depends entirely upon the result of