The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-02-04
SENTENCE WILL 4
PASSED ON GLAzIE|
NEXT WEEK
Judge West Says Convicted Stu
Treasurer Will Appear in Circui|
Court in Mason Probably on
Monday.
Penalty for Incorporating Std
Funds Is 10 Years in Prison and
$4,000 Fine or Both.

LANSING, Mich, Feb 4.-Frank
Glazier. former state treasurer. Al
who was convicted of illegally appr
priating the states funds for the "a
of the Chelsea savings bank, In whl/
he was heavily interested, will appe|
in court in Mason, probably on Mo/
day for sentence. Judge West mad
this announcement after the supren|
court had denied his appeal and /.
manded him to the circuit court i
Ingham county for sentence.
The maximum penalty that may q
imposed on the former state treasur|
is 10 years imprisonment and lid
of $4,000, either or both, in the discr.
ton of the court.
Glazier was in November, 1906. elec
ed for second term as state trea|
urer. Up to the day of his failure. q
Dec. 2, 1907. he was regarded-in FAD
actually was the boss OF Chelsea,
pretty little village on the Michiga|
Central a0out half way between An,
Arbor and Jackson.
Before being elected state treasured
he had been a state senator for O1|
term. As senator. he was eiphe1
The late Bill Judson. the best politic4
school teacher Washtenaw counl
ever had took GLACIER into his clasI
But Bill died before Glazier got IA
yond the kindergarten. The two DAN
newspapers at Ann ArbNr, the count
seat. didn't suit him. and he decided
start a daily OF his own. For 5000
he was offered the good villa vall
able asser-and all the tangible prof
erty OF the two dailles already there.
"Tell with you; I'm not buyin
junk" roared Glazier over long-dis|
ance phone to the man who made tn
offer I'll show Ann Arbor what
newspaper is
Glazier spent $4,000 trying to mai
his Ann Arbor paper pay. The ina
cial cyclone caught him while he VI
still trying.
Glazier began his second term
state treasurer on New Yeor's, 19Q
During his second term he increag@
the stock Of his stove company frOI
$500, 900 TO $1,500.0O0, and the capi1|
stock OF mis- bank from $4,000 to $l0g
600. On Jan. /. 1906, he had no stai
funds In his Chelsea bank, OF whic
| he owned seven-tenths OF the stocl
At the time of his failure. % month
later. he had $6S5,000 of state none
| in the bank.
The excessive loans of the Chelse
! bank had been repeatedly called TO "
attention of GlaZier by Banking Con
missioner zimmerman from the tim
Of the latter's appointment in Febr'
airy, 1907. Glazier promised. but di
not reduce these l6ans. Finally, De
| 6, 1907, directly after a meeting OF 81
creditors at the Detroit Trust Co.,
! Detroit. Commissioner Zimmerman
I'm connection With Attorney-Generi
Bird, ordered the bank closed.
On Feb. 3. 1908, Judge West, OF "a
Ineham circuit, Of which Lansing is
part called grand jury. On Marc
8 following, the grand jury indicfe
Glazier ON the charge OF misapprl
rriating s6S5.0O0 OF state funds.
was on this indictment that he wa
tried. Specifically the charge wa
that he, as state treasurer, paid u
Estate but IA per cent interest Q
these deposits when he ought to hay
laid more, and that he not only loans
1.-THE money through his busted Chelse
hank at ; per cent and upward. bl
used a LOT OF il TO bolster up his wab
ling stove company and some oths
moro or less reliable. or unreliaDl
concerns.
The circuit court trial began Dec.
and on Jan. p following the Jury r
turned q verdict of guilty.