Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-13
President Bailey, of Peoria Say
ings and Trust Bank, Faces
Indictment
mALFEAsANcE 10 CHARGED
Grand Jury Returned Indictment Yes-
terday at the End Of Hard Fight
Fol. and Against BaiIey-Penaty for
oHense is Fine Not Exceeding
$4,000.

Peoria, ILL.,. Oct 80. j. Bailey,
chairman Of the finance committee OF
the school board president of the Dime
Savings and Trust Bank, and one OF
the most prominent business men in
Peoria, was yesterday afternoon ar
rested charged with malfeasance in Of
flee by the grand jury, and this morn
ing will face an Indictment for an Of
Tense the penalty for which is q fine
not exceeding $4,000. This LAT est de-
velopment in the Dougherty enlbezzle-
ment scandal has created sensation
In this city
The grand jury voted the Indictment
against Bailey late yesterday after
moor, the vote standing 16 to Z. There
was a big fight in the grand jury room
before the indictment was finally
returned. George Schnebly the man
no led the fight against Dolgherty,
was trying to force the Indictment
against Bailey, claiming that he was
crininally liable in the case. Henry
Sloan, another member of the grand
jury, was bitterly opposed to the In
dictlnent against Bailey, and the two
men engaged In bitter quarrel In the
juryroom, almost coming to blows be-
fore the matter was finally put to
vote! and the indictment ordered pre-
pared.
The fact that Bailey is president of
the Dime Savings and Trust bank and
a director and heavy stockholder In the
Central bank has caused more uneasi-
ness TN the banking world, and fears
thai the public may be aroused are en-
tertained.
1t was announced that Indictments
would not be returned against any
other members Of the finance commit
tee of the school board. The other
members are Henry Triebela and Mayor
Allen B. FOLSOM Neither Will any IN
dictments be returned agains'. any OF
the officials OF the Peoria National
bank. It was thought that Cashier s..
o. Spring and Assistant Cashier Fred
Bracken might come in for censure
but It Is announced now that t1e grana
jury will make its final report In the
morning only on the cases Of 1)ougher-
ty and Bailey.
Mr. Bailey says that he is guilty only
of too great trust in Mr.. D,ugherty
The news of the coming indie tment OF
Bailey was taken to Dougherty in his
cell at the county jail and he expressed
surprise over the affair.
''Mr. Bailey is wholly free from any
| thing which in any way reflects upon
his character in connection with school
bo,trd matters. The indictment seems
to me entirely unjustifed," said Mr..
Dougherty.
Y IN ,, {,1{ nfV ovvfc sya q
turned against Dougherty tomorrow
morning They will cover deealcations
showing loss to the school board Of
| $2sO,O0O since January 1, 1908. It is
now expected the total loss to the
board will mount up to 100000 and
possibly $4,000. 1t is expe cted that
the bond will be Increased to 100000,
and the attorneys say that no attempt
will be made to give this bond. The
trial OF Dougherty will corae off If:
November
Bailey in Many Enterprises.
Oliver j. Bailey is preside mt of the
Dime Savings and Trust bank, a di-
rector of the Central National bank,
| trustee of the Bradley Polytechnic in
sttute, president. of the Cot age Hos
| pital association and Teachers Train
| ing school, and on the board OF trus-
tees of the Young Mems CHI istian as
seciation. He has lived IN Peoria
for over twenty five years end is tho
senior member of the firm of Bourland
& Bailey During the past sixteen
years he has been prominent mem
Der Of the school board, serving as
chairman of the finance committee for
the most of this time.