The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
INDICTMENTS AGAINST
CITIZENS OF ElKHART
Lengthy Documents Containing
Charges that Broderick, Collins
and Brown Must Defend.
COUNTS ARE NUMEROUS

Justus l. Broderick. Wilson l.: Collins
and Walter Brown. principals in the Elk
hart bank failure case. who were arrested
at their homes Friday night. will be ar
raigned before Judge Anderson. of the Fed
eral Court. Wednesday morning. 1t is
thought that they will plead not guilty, and
if so the trials will not likely be heard be-
fore some time IN March. District Attor-
ney Healing will not be present at the pre-
liminary hearing and Assistant District
Attorney j. j. La Toilette will look after
the governments interests. Mr., heallnS
leaves tomorrow for Vossberg, Miss, with
his wife, whose health has for a long time
been failing. Mr.. Healing will return in
few weeks.
Separate indictments were returned
against the president and cashier of the
defunct bank. on a charge Of violating the
national. bank laws, and Walter Brown.
charged with abetting the president or the
bank in the misdemeanors charged against
him by the federal grand jury. The inufct-
ments are lengthy.
Sixty-four counts are in the indictments
returned against Broderick, and he is
charged with embezzling $50. 75S at five diff
ferent dates, ranging between June and
Nov. 9, 1903. Counts and charge the Of
ficials with making false returns to the
controller of the currency on Sept. % l9co.
Several entries. il is charged, show more
gold on hand than was in the bank at the
time Other entries show false reports in
the individual accounts of local instltu-
tions. In the case of the Elkhart Egg Case
Company an overdraft by them is shown to
be much larger than it really was
FALSE ENTRIES.
Counts 81 to So charge the bank officials
with making false entries in the tellers
daily cash The indictments charge
these entries with showing more gold
in the bank than was there. Counts
officials with misapplication of the
funds and credits of the bank. The Ma
tional Manufacturing Company. the Acme
Bicycle Company the Elkhart Paper Com
pany and the Consolidated Bag and Paper
Company, which. it is charged, were in
solvent, are charged with being firms upon
which the funds were used.
The Indictment against Walter Brown
charges him with abetting Broderick in
misappying the funds and credits of the
bank in the sum of si2S. Mn for the benefit
OF the National Manufacturing Company
and the Consolidated Bag and Paper Com
pany. From the twenty-seventh TO the
thlrtieth counts Brown is said TO have
abetted Broderick in appropriating funds
for notes which were said TO have been
made out TO Il. c. Brown, Beryl NJ. TOus-
ley. the Capps-Brown Company and Mel
win Afford. In other counts, up to the
sixty-first, Frederick is charged, abetted
by Brown. with paying out $4,000 for fifty
shares of the Consolidated Company, which
were said to be worthless. and of misap-
prOpriating other funds and credits in ia
vor of the Consolidated and National COM
panies. The remaining counts charge
Brown with abetting Broderick I'm making
false entries in the individual ledger on
Nov. 16 just before the bank was closed
These entries. it is charged, showed de-
posits to the credit of certain individuals
and companies which were really not made
These entries, as charged, show false state
ments i'm the accounts of G. III. Wright for
81, sol: the Manufacturers Egg Case Filler
Company, for $l5536.23; the Equitable Build
ing Loan and Savings Association. for
$500; John O. Martin. for s2S3732; Elliott
Crull, for $4,000, and w. f. Burris, for
81, 7O4
Collins, the cashier. is charged with hdv-
ing embezZled $4,000 of the banks funds
Nov. 16 last. He is also charged with
having joined In making false reports TO the
controller of the currency sas to the gold
and cash items in the banks accounts. He
is also charged with making false entries in
the daily ledger the journal and the tell
ers daily cash. -