Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1901-06-06
FALSE T "A FOUND.
The Charges in Detail Against Allen
- and ketchum.


snd ketchum.
There has been a great deal of spec
Iulation as to the precise nature of the
charges set up in the indictments
found by the United States grand Jury
against Vice President Martin +. Allen
of the Farmers National bank OF YER
gennes and j. w. Ketchum of Yer
gennes.
Here is the summary OF the charges /:
There is one incident against Vice
President NJ. +. Allen for aiding and
abetting Lewis in a%bstracting S5,025
on the II. l.. Ward note. The facts set
up in the indictment, boiled down, are
these:
Vice President Allen borrowed
$1,000 OF the Burlington Trust COM
pany, II l.. Ward, treasurer. This
was credited on the books of the bank
by Mr.. Lewis to Mr.. Aliens daughter,
Sadie. Subsequently $4,000 was trans
ferred from her account to Vice Pres.
Aliens and $1,000 to the account OF
ID. II. Lewis. Each one of them
checked out this amount. March Is,
1899. this note became due and the
bank paid half OF the note and the
other half was extended, and the bank
paid the interest OF S25 on that extern
sion, and when that half became due
the bank paid il. which was August l.,
1899.
The grand jury charges Vice Pres.
Allen m one count of the indictment
with aiding and abetting Lewis in
the payment OF that note; another
count charges him with aiding and
abetting Lewis in %abstractiDo the funds
of the bank in the payment of that
note. and another count with aiding
and abetting Lewis in ~embezzling the
funds OF the bank In the payment OF
that note.
The other indictment against Mr..
Allen charges that David ii. Lewis,
cashier, kept certain books showing
the business transactions of the bank,
and i'm those books made certain false
entries. /. e., Jan. Z, 1899, credited to
NJ. +. Allen $4,000. as by him deposit
ed. whereas no deposit was made by
him on that day; Feb. 10, credited
same party with having deposited
-, 100, whereas he deposited 500;
Jan. 6, 1900, credited anne person
with having deposited Sl,6l3.ll, where
as he deposited only S6l3.ll; Mar. 80,
1901. credited him with having de-
posited S1,400, when, in fact, he de-
POSTED $500.
Ii also set up the false entries made
in connection with the 5000 transac-
ton above described and then charges
Martin +. Allen with aiding and abet-
ting the said Lewis in making said
false entries. This is the substance OF
the two indictments against Vice Pres.
Allen.
The grand jury indicted J. w.
Ketchum. as clerk, for making false
entries in the books relating 10 the ac-
count of Martin F. Allen and with alb
stracting and misapplying the funds oil
the bank. giving the Gays on which y
occurred, between Oct. l, 1899, and
Sept. 90, 1900, The entries in his
handwriting on the Individual ledger
show deposits October 9 to have been
-, $685. entered on the journal in his
handwriting at 81. 495. rs, showing de-
crease of $40. Mar. "a. 1900, his
handwriting. same individual ledger,
entry of checks paid by the bank go
g42. 20, and raised on the journal to
80. Ol2. 20; June 4, deposits on same
ledger -. SOS.Ss, and decreased on
journal 10 S2.1lS.Ss; June p, same
ledger deposits 81. 20, and decreas-
ed on journal TO 81. 20; Sept. a.
same ledger deposits s2,5l1.96, de-
creased to a., 351.9 Sept. Is, same
ledger. deposits 81, 600, decreased
on Journal to SI.457. O3; Sept. 10, same
ledger. deposits 1858. 10, decreased on
journal to S709.1 10, and so he is charg-
ed with a~bstracting the difference on
each of those days.
Bail was fixed by the court for Vice
Pres Allen at $4,000, covering botn
indictments. Allen secured bondsmen
at once.
The bail in Ketchum's two indlct-
ments was fixed at $4,000 and, being
as vet unable to furnish il, he Is IN jan
al Burlington. lie has filed a petition
in bankruptcy, with assets of SIS, 100
and liabilities of $1,000, of which
q. 4S0 is secured. lie gives indebted
ness to the broken bank of $500 OF
which $500 is secured.