Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-05-28
UNDER GRAVE CHARGE
Lieut.. Governor Allen Of Ver.
mont Arrested for EN-.
bezzline.
J. W. .Ketchum. Member Of the
Legislature. Accused Of Com
plicity in Crime.
Solicitor General Richards Re.
views Decision in the
Insular Cases.
yerygen,nes.

NeTSenneS, VT, May 2S.-L1eutenant
Governor NJ. F. Alien. vice president
and director of the Farmers National
bank. which recently suspended here.
and j. w. ketchum. a representative to
the legislature from this PLACE. were ar
rested by United States officers under
indictments charging them with COM
plicity with Cashier d. n. Lewis in
wrecking the bank In each case the
charge is completely In embezzling the
funds of the bank and with falsifying
the accounts.
Allen was arrested at his home in
Ferrisburg this morning by United
States Marshal Field. of Rutland. The
lieutenant governor manifested no sur
prise. He said there was absolutely no
surprise for such action, and that he
was perfectly willing TO have the case
investigated, which course he said
would prove his innocence.
George f. Johnson. of Burlington,
clerk of the United States court, this
Allen was given a hearing. He entered
$4,000 to appear at the October term of
the United States court a Rutland.
Bonds were promptly furnished by
townsmen of Mr.. Allen. He had Moth
ing further TO say, except that il the
books We're wrong the fault was the
cashiers, not his.
Deputy United States Marshal Stod-
dard. Of Rutland. came TO Nergennes
after Mr.. ketchum. The prisoner was
taken 10 Burlington. and at the hearing
this afternoon he pleaded not guilty.
and was held in 81, GOO bail. which up TO
looclock had not been furnished
These developments We're not wholly
unexpected. as rurnors involving the
names of both men7had been in circula-
,ion in this city since Friday. when the
United States grand jury reported three
indictments against Cashier Lewis.
charging embezzlement and making
false entries. These !umors became so
strong that the lieutenant governor Wis
ited Windsor on Saturday to investi-
gate the matter. but could ascertain
nothing
Nothing definite can be learned as 70
the facts on which the indictments
against Allen and ketchum were found,
but ii is generally understood that they
include overdrafts Tor considerable
sums.
Mr. Ketchum denies that he ever had
any connection with the bank. Cashier
Lewis formerly was state commissioner
OF taxes and Ketchum was employed by
him as clerk. During his relations with
Mr. Lewis the clerk occupied an office
at the bank, but ii isdenied that he had
any handling Of funds of the bank or
was in any way connected with the in
stitution.
rs proprietor Of newspaper plant. from
which several papers are published.
Mr. Ketchum has lived here only a
few years and little is known Of his life
previous u that time He is a young
man and quite popular.
The work Of investigating the condi-
ton of the bank practically has beer
completed, and it appears that the to-
tai shortage is about s543s3.
1t has been found that the assets ol
the bank amount to 81 500 in notes un-
pledged. s6l5oo in pledged notes, other
assets $3.50 cash $4,000. total sl24, $50.
The Liabilities include deposits OF
slos, 900. with $4,000 due other banks. i
| is understood that $4,000 of the un-
pledged and 81, 900 of the pledged note:
! are va!ueless.
Receiver James Sullivan has placed
attachment upon all the property o.
lLieutenant Governor Allen. and also
upon the estate OF Norman ]. Allen, hi!
father, of which the son is administra-