The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-16

CONCLUDED FROM FIRST PAGE)
to the court visitors. From the testimony
of both Bosworth and Mcintosh the loose
methods of banking were shown and while
blame. especially from Mcintosh, Brodrick
played quiet part.
BRODRICK'S ATTORNEY TALKS.
In the presentation Of the case, lasting
from o'clock yesterday morning until 2:3C
o'clock yesterday afternoon, Mr.. Spaan said
that 1t was unfortunate that Collins was a
half-brother of Brodrick's wife and that
Walter Brown, who is also charged with
having taken a part in wrecking the bank
married Brodricks sister.
He argued that Brodrick had always
been successful business man and manu-
facturer and that his wife had come from
a banking family at Knoxville, Ia.
"Old man Collins" he said, had been a
successful banker for years, and becoming
DESTROYS to establish his son, w. L. Col
Inns. in the banking business, had organized
the Indiana National Bank at Elkhart for
his son, making Brodrick president and
Collins cashier.
Brodrick, on account of his manufac tur-
ing interests. was unable to give any of his
time to the bank and Collins was said to be
in full charge-that he was indeed 1.-The
bank. directing the affairs and managing
the whole institution" Mr.. Span said that
on a salary president of the bank. On
the other hand he said, he would show that
Collins had been on a salary of 800 year;
that he led a fast life and that he was pay
ing interest on loans far in excess of his
salary.
Mr. Spaan concluded his presentation OF
the case shortly after the court convened
yesterday afternoon in a heated speech.
charging Collins with being the criminal.
COLLINS is CHARGED
There has been Juggling in that bank,
he said. mo record of a cash item was
made by anyone but Collins. No one fig
ured up the finances and funds of the bank
but Collins. He was the only man that
knew about the workings and conditions
of the bank.
Mr.. Brodrick never embezzled a dollar.
and the evidence he will present will prove
that he is free from all criminality.
the conditions Of the bank, but that does
not constitute a crime.
THE changes that were made in the
books of the bank were at the instigation
of Collins, and Brodrick simply signed the
papers as president of the bank He did
not sign the report 10 misead the controller
of currency. but he signed them because
he had confidence in Collins and believed
him an honest man.
The real culprit from our point OF view
has already been placed in this case"
Mr.. Healing spent part OF the morning In
charges against Brodrick and simplifying
the different sections of the indictments. He
also went into an explanation OF the rela-
tions of j. l.. Brodrick. Walter Brown. w.
l.. Collins. c. b. Brodrick and others with
different corpoI ations in Elkhart which are
involved in the litigation.
The first five counts of the sixty-four
charge Brodrick with embezzling $50. 73S and
making false returns In reports TO the con-
troller of currency. Ii is charged that false
records were made I'm the books of the bank
and that credits and funds were rnisapplied
TO the amount of 1870, 1882.
In examining Mr.. Bosworth a schedule
Of the financial relation of the bank and the
Elkhart corporations was referred 10 and
IL was shown by the examiners testimony
that the concerns were indebted 10 the bank
as follows National Manufacturing Com
pany, ssS,5l6: Elkhart Paper Company. s51.
312; National Tablet and Supply Company.
81. 462; Ward o. Collins $4,000: Diamond
Type Foundry. Ss.99l; Consolidated Paper
and Bag Company sl05.4i7 Acme Cycle
Company, $4,000 Mennonite Publishing
Company, sl6.9S4; ST. Joseph Hydraulic
Company. S,si2; Elkhart Hydraulic Com