Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-08-13
HAS BEEN TAKING MONEY
DURING YEAR OR MORE
Tells Of Methods Adopted to Cover Up
Shortage and Dsesivs Bank Ex-
aminsrs-stoIs $4,000 in One Lump
Night Before He Claimed to Have
Been Held Up by Bandit.

day afternoon to secure his hearing on
an embezzlement charge, and ne was
given his preliminary hearing before
there was an opportunity to repudlate
this second confession. He waived ex-
animation, and bond was fixed at
IS, 900 by Justice Nugent.
The information against Perrin was
filed by Kent c. Ferman and Glenn
Averill, both officers Of the bank.
Perrin was induced to make a clean
breast of the affair a second time
when police officers informed him that
they had discovered his story OF Dor
rowing $4,000 from James Cagney, OF
Chicago, was false His hysteria had
disappeared and he sat quite calmly
as he related the circumstances OF MS
downfall.
Reveals His Methods.
1t was first discovered thro Perrins
story that he has been stealing from
the bank for about a year, the police
say. AS much ingenuity was used IN
concealing evidence of his earlier
thefts as was employed in framing
up" the holdup story.
One Of his tricks. he said. was to
tie up bundle supposed to contain the
amount of money he had stolen, and to
address 1t to country bank, when the
bank examiners came around. me
money supposed to be in this package
then would be listed as cash on hand.
There would be nothing in the package
but wadded up newspapers.
Another method of fooling the bank
examiners was to hold for day sight
drafts ON T. NJ. Sinclair & Co.. the
packing company here, when the exam
iners were here.
Half of the entire amount stolen
was taken in small amounts before ne
made the final haul, Perrin said. Ten
thousand dollars was stolen in one
lump the night before the supposed
holdup, and $1,000 was sewed up in
sofa pillow that same evening. Later
Perrin gave $4,000 to an attorney. All
this has been recovered.
How He Spent Money.
Perrin recomted to the police the
way he had spent his stolen money.
None Of 1t was squandered on wine
suppers and fancy clothes. 1t went for
payments on land, taxes, gold mining
stock, and debts he had contracted.
First there was a mortgage OF $4,000
to pay off, and promissory note to his
aunt Of $500 to settle. Another prom
issory note for q similar amount was
paid little later.
Perrin apparently had interest in
lands in all parts of the country. One
item Of 5000 was payment Of interest
ard taxes on Minnesota land, and an
other item of $500 went for paving and
other special assessments on a lot in
Cedar Rapids. Four hundred dollars
went for life insurance premiums, $500
was paid on the purchase Of lot in
Medford, Ore, one in st. Louis county,
MIN Mimi s s4.eeee: sf,5G3 on land u! st Io"'is
county, Min; $500 on land in
Itasca county. Mimi; 500 on q
lot in Idaho; $500 on New Mexico
land and $500 on Texas land. About
$500 was invested in gold mining
stock
Was Not Hounded.
All Of the detectives who have been
working on the case, as well as the
bank officials, said today that PERKINS,
statement that he had been 'hounded"
or forced into making a confession was
absolutely untrue When Perrin first
came under suspicion he was informed
by one of the bank officers that If he
was not guilty to tell them all to go
to-" He was also told, however, that
if he was guilty the detectives would
find it out, and that the sooner he adj
mitted it the easier it would be for
him.
Mania For investments.
Perrin apparently had a mania for
Investments About two weeks before
the robbery he made trip to Chicago.
remaining in that city over Sunday.
On his return he told his fellow en-
ployes that he went to Chicago to try
to borrow $4,000 from Cagney to pur-
chase half interest in a nursery near
Cedar Rapids. He said the nursery
was paying something like 40 per cent
on the investment, and that II Cagney
would have lent the money he could
have made fortune fCagney, how
ever, refused to lend the money.
Some time ago he also purchased a
block OF stock in an eastern insurance
company, paying $50 down. He was
unable to keep up the interest and
payments. however. and borrowed
money to pay up. This stock is good,
and can be sold at present for as much
or more than Perrin paid for It.
PeGrin's stories regarding his invest