The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-12-22
6ulKR OWNED BIG.
SHIRE OF BANK
STOCK
PROSECUTION sUccEEps IN GET
TING THIS FACT ON RECORDS
RoTH SIDES PROGRESS AFTER
MANY LEGAL soUAHsLEs.

LANSING, Mich. Dec. 22.--Wm.
Donovan. deputy banking commission
or. was called during the trial oil
Frank p. Glazier, ex-state treasurer
charged with using the states money
for his own ventures. this morning.
Mr.. Donovan followed Theodore Wood,
who was cashier OF the Chelsea bank.
Mr.. Donovan was asked by Attor'
ney Sawyer. for the defense, II he
made an inventory OF the banks con-
dition at different times In 1906 and
1907 when reports of the institution
condition were received In Lansing.
and II he told Cashier Wood that the
bank was solvent.
II don't think did," the witness re-
piled.
Then Sawyer asked II Donovan did
not 20 to Glaciers home when Giazier
was sick in bed and tell him that the
bank was solvent.
II did not tell him So" answered
Donovan. IL simply went to the house
as an act of courtesy"
Mr.. Donovan said he closed the Chel-
sea bank upon instructions from the
banking commissioner and the attor-
ney-general He was excused SO he
could secure the written instructions
which he received and the reports
that he made.
The examination of Theodore Wood.
cashier OF the Chelsea bank, consumed
nearly all of the time in the Glazier
case this morning The prosecution
scored two important points when the
stock book OF the Chelsea bank show
ing Glaxier at various times owned
over 600 shares OF the banuk stock
was placed In evidence over an 90
lection by the defense.
Reports made by the bank to the
banking commissioner andfsigned by
Frank p. Glazier as president indicat-
Ing his relationship with the bank
wero also introduced In the evidence.
The prosecution was successful In
getting before the jury documentary
evidence which shows that Glazier
was . majority owner of the stock of
the Chelsea bank. The defense OBJ
Jected to the presentation Of this tes-
tfmcny. This point has been estab-
Hshed and Is legally In the records.
Theodore q. Wood, an elderly man.
who was cashier of the Glazier bank
for i've years, succeeding the elder
Glaxier. was called to the stand late
Monday afternoon. Wood has lived
IA Chelsea for thirty-four years. He
10 now employed by the receiver Of
the Parma bank In Jackson county.
This bank failed sometime ago.
Attorney Nichols. for the defense,
objected when the prosecution Ques
toned Wood as to the business inter
ests OF Chelsea Nichols contended
that the question was intended to
show that there were no other large
business interests except the Chelsea
bank: that GIaxier transferred hun
dredS of thousands OF dollars for his
own use. The court then ruled out
the question.
Cashier Wood Identified the books
In which the record Of the banks con-
dition was entered. He said q copy
OF this record had been presented
daily. The defense objected strenu-
ously to the offering Of the books. and
II was agreed to argue this question
today.
An EFFORT was made by the prosecu-
ton to get in the letter from the at
t0rney-general to Glazier which was
sent soon after the latter's failure.
This letter demanded the return of
100000 OF the states funds which
were ~ the Chelsea bank. The de-
tense does not admit that Glazier ever
received the letter, because to admit
Il, according to Attorney Nichols for
the fdef6nse. might Der egarded az
prfua fa0ie evidence OF guilt =.