The Pensacola journal., 1913-03-19
DIRECTORS Of
OEFUNCT BANK
ARE INDICTED
Geo. B. Cox, Former Politi-
cal Boss OF Ohio, and Ten
Former Officers of Gin
cinnati Trust Company,
Charged With Misappro-
priation of Banks Money.
BY ASSOCIATED PRESS.

Cincinnati March 1S.-George B.
Cincinnati Trust Company, two former
officers of the company and eight
members of the board of directors were
named in the sealed indictments re-
turned by the Hamilton county grand
jury yesterday. The envelopes con-
tanning the indictments were opened
by Common Pleas Judge Cosgrave to-
day.
One of the nine counts charged the
''misapplication" Of $4,000 of the
banks money through alleged Illegal
loans to the Ford & Johnson Chair
Company now in the hands of re-
ceivers.
The other in five counts charges the
abstraction of a $3.50, 500 note by three
officers and six directors of the bank
with intent to injure and defraud the
Cincinnati Trust Company.
THE MEN INDICTED.
Those against whom indictments
were returned for alleged illegal loans
TO the Ford & Johnson company are:
George B. Cox, Charles IT. Davis, Nor
man G. Kenan, James r. Heady,
James NJ. Hutton. I. \. Miller. n. S.
Keith and F. r. Williams.
The following We're indicted on the
charge of obtaining the S352. 600 note:
George B. Cox, j. NJ. Crawford, Charles
TT. Das3sf Fe sssrd Davis, James r
Heady, James NJ. Hutton, \. 5. Keith.
F. r. Williams and o. V. Parrish.
The Indictment charging abstraction
of note alleges that the men named in
the Indictment having control of the
funds of the company, converted to
their own use a pI-oTnissory note of the
trust company for 1852, 500 and that
the men who were liable for the note
cancelled it and entered it as paid in
the company's books. when it had not
been paid.
Each of the nine counts of the in
dictment charging misappIication of
funds relates to separate loan to the
Ford & Johnson CHAIR Company. Of
which President Cox. of the trust com
pany. also was a director. The total
amount Of the nine loans was $115,000.
It also was claimed that the notes set
ont in the indictment comprised a part
of those made to the chair company.
All the defendants except Heady.
who is i'll, and Hutton, who is out of
the city, were in court when the in
dfctnnents were read. They were pre-
pared, it was said, to give bonds for
s5 900 on each indictment.
HERMANN SIGNED BOND.
August Hermann appeared at the
court house and signed his bonds, So
900 for each indictment. The sums
loaned the Ford & Johnson company,
at q time when the chair company is
sid to have owed the trust company
$500. 600, according to the indictment.
were in amounts ranging from $4,000
to $4,000 monthly for nine conSecu-
tive months, The Indictment charges
that the defendants did Intentionally
and wilfully convert these sums TO the
Use of the Ford & Johnson company
and for no use, benefit, or advantage
to the trust company and with the in
tent to injure and defraud the trust /
IF the defendants be found guilty on |
all the charges they may receive a |
maximum fine Of $4,000 and be sent TO /
the penitentiary for thirty years.
This was the second grand jury re-
Fort of the affairs of the trust COM
pany, the former reporting December I
and returning indictments against
Keith and Williams.
The trust company was capitalized {
At $780, 600, and under the state laws