Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1909-12-15
SERIOUS CHARGES
AGAINST SP[HSlEY
FRANK E. HANscoM. SUICIDE
CASHIER. ALSO IN coNsPIRA-
cY. SAYS JURY.
BANK PRESIDENT ACCUSED OF
SECURING CASH UPON WORTH.
LESS CHECKS.

La crosse. WIS, llec. 9.-Ihat
conspiracy existed between Philip
Allen. Jr.. vice president of the First
National bank OF Mineral Point, Cal
vert Spensley, president, and Frank
E. hspscom, cashier, whereby Spens
ley was able to secure cash upon
worthless checks written on behalf
Of the law firm Of Spensley and Nc
Ilhon. is the sensational charge made
in a majority of the % counts con
tanned in the indictments returned by
the grand jury here against Spensley,
Charges in the counts include mis-.
application of the funds of the bank,
aiding and abetting Allen in sending
false reports to the controller OF
the currency and aiding and abettine
Allen in misapplication of the funds
OF the bank
Hanseom. the cashier, accused in
some of the counts of completely in
diverting funds from the bank, is the
man who committed suicide on the
grave of his mother few days after
the closing OF the bank.
In the first count II is alleged that
Spensley as president of the First
National bank of Mineral Point did
aid. abet, ineite counsel and procure
the said Allen to make and transmit
to the controller of the currency on
September 10, 1909. false report OF
the condition of the bank in which
it was made to appear that the loans
and discounts of the institution on
the first day of September amounted
to s476,517.S3, whereas in truth the
amount should have been recorded as
S451,117.S3.
the same report Calvert Spensley "un-
lawfully, falsely and fraudulently did
aid, abet. incite.s counsel and procure
the said Allen 70 make it appear un'
der the item of resources that the
overdrafts unsecured amounted tc
S2,471.3l, whereas IN truth and in
fsct, the unsecured drafts of said
banking institution, at the date oil
said report, towit, the first day oi
september, 1909. amounted TO dit
ferent and much larger sum to-wit
the sum Of $21 ,971.S1, with intent tier
and there to injure and defraud this
First National bank of Mineral Point
the officers thereof and divers othel
persons. then shareholders of sait
banking association whose names arr
to the said grand jurors unknown, an,
with intent TO deceive any agent az
pointed 10 examine the affairs of SAT-
association, to-wit; a national ban
examiner"
The third count deals with anothe
nl ase OF the same report, setting fort
/ that under the item of "overdrafts' al
CT try was made purporting to shoy
that the officers and directors had n
unsecured oyerdrafts IN the banh
whereas In truth the amount of tn
unsecured overdrafts of the officer
ard directors at that time was s19,50t
Ii is alleged that this entry was mad
by Allen, aided and melted by Spens
ley.
/ The fourth count alleges that #
4 this report made out on the 10th da
/ OF September, 1909, Spensley aide
ard abetted Allen to make 1t appea
/ that there were no overdrafts uns'
1 cured standing six months or over. /
/ the possession of the bank wherea
in fact the overdrafts under this heat
i ing at that time amounted TO $16,50'
i In the fifth count ii is charged tina
in this report Spensley induced, ait
1 ed and abetted Allen to designate VI
der the heading of Inability of officer
i and directors" that sad Spensley ha
4 20 oyerdraft In the bank, when In n
] atty the sum of $4,000 should hav
been charged against him here.
4 The sixth count alleges that Spen
Il ley, at divers times between Decembe
10, 1906, and March II, 1909, induced
aided and abetted Allen to misappl
! $1e,833.S5 of the funds Of the ban
|, and cause this amount to be paid OF
for the use. benefit and advantage {
II Spensley & Mclihon. a co-par1nershi
C, imposed of Calvert Spensley an
4 Charles w McIIhon, upon and pursI
ant TO the direction and au.horizatio
contained in divers checks mad
drawn and signed By said Calvei
Spensley and on behalf of the sal
co.partnership," whereas at no tim