Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1901-05-30
vERGeNNES ENLIGHTENMENT
Suspected Completely and indict-
ment Of Others.

Suspected OOHphCiJ oie '~
ment of Others.
New and unexpected interest at
taches 10 the wrecking OF the
Farmers National bank OF Vergennes
by Cashier ID. II. Lewis in the publish
ed statement that the United States
grand Jury at Windsor found indict-
ments against both Lieut.. -Goyernor
Martin +. Allen OF Ferrisburgh and ).
W. Ketchum, publisher OF the YER
gennes Enterprise. Both were arrest
ed Monday ketchum was taken 10
Burlington and furnished $4,000 bail.
Allen was given a hearing at Ferris
buroh and released under bonds.
Mr.. Allen is vice president OF the
wrecked bank. 1t is alleged that he
borrowed $4,000 from the Burlington
Trust Company. putting up collateral OF
the Farmers bank; that be deposited
the money in his daughters name and
later had it transferred to his own
account; that he drew It and USED all
but $1,000 of it, which Lewis got IL
| is said his overdratts at the bank
amounted to Sl5, 900 or $50, 1000. As
10 Ketehum. it is alleged that he saw
how things were going in the bank
and made the most of his opportunl-
ties. The populations are not estl-
mated in his case yet.
lent Coy. Allen said when,
few DAYS ago, the claim was made TO me
that there were irregularities In my
account in the bank as shown by the
hooks of Cashier Lewis, | asked the
privilege of having them examined by
an expert. This privilege was granted
and the date fixed for this examination
to begin is Tuesday, June attn. nave
selected State Inspector of Finance +.
:. Platt of Poultney to represent me IN
that examination and it will be COM
menced at the time designated. /"
/ w. Ketchum said he had heard
nothing of an indictment against hun
until he read ii in the papers, but eN-
nected 10 be arrested. He said that
he had never been an employe oil the
hank Int was clerk for Cashier Lewis
while ne was state commissioner OF
tayes He does not seem to think
that the outcome of the affair VIII De
bad for him but would not say more
about the affair. Other arrests may
also be made.
Three indictments were found by
the United States grand jury at WIND
! sor last week against ID. II, Lewis,
late cashier of the bank, for false en-
tries and embezzlement. Twelve true
hills were found by the grand jury.
Mr. Lewis said Saturday that the
! claims of the government against the
/ Norman j Allen estate at Ferrlsburgn
: of which Lieut-Gov. NJ. t. Allen Is al
: ministrator. amount to some so, o0l
! in round numbers. The Aliens helC
, -. 600 worth of stock III the ael9he
+ bank. Their entire property AT fet
t risburph has been attached on thell
1 refusal TO make good the sums due 10
+ money borrowed. 1t is not though
5 that the property attached equali
: s28 600 in value The amount set VI
:, in the writ is $4,000. p,,
/, The stockholders of the bank hel1
= meeting Friday to consider the aovisa
/ bility of raising sufficient money '
|, take the affairs of the bank out OF In
e hands of the government ana TAX
J. CHARGE of ii themselves and thus say
!, expenses, but when it was found Una
If IL would be necessary 10 RAISE SlVu
+ 600 in order to do this the plan wa
1t abandoned. The actual shortage
n said to be S54, 1920.
e Lewis was in St Johnsbury Thurs
4 day with the ''woman in the case
1t Mrs. Frances Hallett, Of Waithan
Mass. who is said to have advance
s95 600 toward enabling Lewis
make his account good. His attorne,
4, Henry II. Powers, of MorrlsVllie' WI W.
\ there also, and the three were III oo
I, sultation at the Avenue House