Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-03-05
Examination of President and
Cashier Waived and Hear
ing Comes to End
MAC DlARMID's BOND REDUCED
Eighteen Missing Certificates Which
Were Returned Are Turned Over to
Banks Receiver, A. A. Moore = At
torneys Go to Omaha Seeking Bonds
For MacDiarmd and johnson.

Cashier Donald b. Johnson of the
Green Mountain Savings bank, came tc
an unexpected end late Wednesday
afternoon, when his attorneys waived
further examination, and allowed thei1
clients case to so direct to the grand
Jury. President Stuart B. Mac Diar-
mid's lawyers also waived for their
client, and his case likewise will go to
the grand jury. Justice Millsrd bound
both Mac Diarmid and Johnson over.
The bankers attorneys agreed to
waive the preliminary examination OF
was reached with the states attorney
regarding the amount OF the bonds for
each of the prisoners.
Mac Diarmid's Bond Reduced.
AS a result of this conference Mac
Diarmid's bond was reduced from $10,-
900 to $4,000. Mac Diarmids bond is
made up of $1,000 on the original
charge Of fraudulent banking, and ST.
600 on each of the three other charges
Of perjury, embezzlement and conspir-
acy.
Johnson's bond was increased from
$500 to $4,000. He is held on $4,000
for the first charge, receiving deposits
when he knew the bank to be insol-
vent, and $1,000 on the charge of per-
jury, filed Tuesday. Up to the middle OF
this afternoon neither had secured bail,
but efforts were being made to release
them.
Go to Omaha for Bends.
Daniel L. Johnson, an attorney of
Omaha, who has been in the city in
him thru his brother, Ross B. john
son, who is connected with the Oma-
ha National bank, returned to Omaha
last night. One of the local attorneys,
who have been retained by Mac Diar-
mid and Johnson, also Went to that
city. 1t was expected today that per-
haps no great difficulty would be en-
countered in securing Johnson bond,
but the local attorneys were not GER
tain whether they would be able to Sc
cure surety for Mac Diarmid.
Certificates Turned Over.
This afternoon, the eighteen Of the
twenty-one missing certificates of de-
posit of the Green Mountain Savings
bank We're turned over to A. A. Moore,
the banks receiver, by Mac Diarmid's
attorney. who secured them. All infor-
nation regarding where, or from whom
they came, or how they came, was de-
MED
n ss-1,k
three have been filled out, sltho these
three. as we'll as the others, bear the
signature of Stuart B. MacDiarmid
Three Total $500.
The three. bearing the numbers of
1914, 1916 and 1916, which had been
filled out aggregate the sum of $1,000
Two of them were for $500 and the
third was for $4,000 Each one was
issued in favor of George l. Robinson.
Jr., who is understood to be a broker
Of New York. The certificates 1874
and 1915 were dated February s. TIE
latter was endorsed by George l. Rob-
inson. Jr., across the back, and the en-
dorsement has been scratched thru
with a pen. Unlike any of the others.
it was stamped across the face mot tG
o.
was also made in favor of Robinson,
and bore his endorsement on it's back,
which had been run thru with pen
It was for s2,400 and was dated Feb
ruary TO- 1t is, of course, not known
that altho these certificates were made
in favor of Robinson. whether they
had ever been negotiated.
Three Still Missing.
There are three certificates still miss
ing. Their numbers are 1947. 194S and
l949. All the others of the twenty
one, bearing the numbers from 1914 to
1864, both inclusive are now in the
hands of the receiver.
At least one Of the missing certif-
Gates has been heard from. This is
L947. From the First National Bank
If Algona. an inquiry asking about
his certificate. which is also for $4,000, |
,ame to one of the local banks. This
indicates that an effort was being
made to negotiate it there Previous
o this inquiry another one on the same |
certificate came few days before from |
! Boston bank.
Drafts Arc Out.
How much other paper is outstanding
against the bank is not known, but it
S known that a draft for $4,000, issued
" Edward L. Collins. the director, and
lrawn in favor of George I. Robinson,
las gone to protest in New York. No
ice of the protest has been received
fr0 IL