The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-11-06
EMBEzzLEMENT'
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Mr.. Shiveley, lis the fact that the
Hasemeiers had beensdts awning out OF
firm more money than the business
justified. f.. ,sa~> ~ 49,.
THE overdrafts tecpardizeds their
financial condition. Just because
they raised their salaries gave them
NO excuse to make greater withdraw
ais Book salaries don't amount to
anything when there are no profits to
back them up.
This case is continued story OF
overdrafts and to this the shortage
can be accounted. You can't eat your
cake and have it, too. If you take out
more money than you put in, there is
a shortage.
When all these overdrafts occurred
somebody had to hold the bag and this
part fell to the creditors. This &C
counts for the large number of I'm.
paid bills. Their figures show that
there were no profits and everything
had been eaten up by overdrafts.
.... Exonerates Woman.
You have heard quite good deal
about dividends, surplus and profits, -
said Mr.. Shiveley. There has not
been one bit of testimony to prove
that these were anything more than
mere paper dividends, and paper
profits. Why should this woman, who
has gone to her grave with these al
legations heaped on her head, be &C.
countable for paper losses.
1T took two days for the plaintiff
to figure out the loss and gain account
of 1914. When they did finally pres
ent it to court, it showed that during
that year there was loss of $4,000
and including the loss of $11,91O,
which is alleged, it would make the
total loss for this year approximately
SIG, 1000. Doesn't it appear a bit queer
to you jurymen that the corporation
should lose $4,000 in this year while
in the previous years the profits as
they testified to, we're so large.
Cause Of Suicide.
1T is undoubtedly true that the bill
question drove her to suicide She
did not have the nerve to tell the
Hasemeiers the true condition of their
financial affairs. Any person who
knew her does not doubt in the least
this statement.
"She was running the entire bust
ness of that corporation for $40 a
week. No wonder. she, was ashamed
to tell her brothers and sisters the
amount Of her salary. 1t was a 800
a month job or even more.
1.-THE letter she wrote is not the let
ter of one who has committed crime
1t is the unvarnished truth, every word
of it. 1t is a clear statement of the
general condition of affairs at the
store"
Contrary to the Interpretation plac-
ed on the letter by Wilfred Jessup,
counsel for the plaintiff. Friday after
noon. Ray Shiveley said that the let
ter was the dying statement of Miss
Bentlage. When she wrote the letter
she had contemplated suicide, he. said.
The three Hasemeier brothers, who
are the plaintiffs In the case. were de-
rided by Shiveley for ever bringing the
case to court. -'.-...
1T was not necessary to have this
lengthy trial just to vindicate Chris
Hasemeier with his bankers" he said.
He could have secured just as large
amount of loans to pay the losses If
he had not brought the suit as he
could by bringing the suit. The only
reason was to heap the charge of
crime upon "a dead woman, who has
been a faithful servant. N