Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-11-01
Three Men Under Arrest
For Robbery of Stude-
baker Corporation.
ALL BUT THREE
OF BONDS BURNED
TeIegrapher Employed by Studebaker
Concern Wracked With Remorse -
Confides In Friends Who Engineer
Plot to Realize on $4,000 In Bonds
Not Destroyed - Good Men Turn
Crooks.

Chicago, Nov. 1.-Two men are In
jail today and the mystery that for ten
months had surrounded the theft Of
$260,oOo in Liberty bonds from the
Studebaksr corporation at South Bend
was cleared up. Edward Tenant,
telegrapher employed by tho Stude-
baker. company. confessed that he took
the bonds, twenty-five. Of $4,000 each,
suffered remorse, burned twenty-five
Of them, and then decided to realize on
the. remaining three despite the fact
that he had himself telegraphed the
numbers they bore. Tenant and
George w. Good, manager Of a South
bend Jewelry store were arrested yes
terday after detectives had investi-
gated their scheme for obtaining cash
on the bonds. Good and a third man
plotted bogus loan for $40, 900 on the
bonds after he had sought their ad-
vice, according to confessions. Exam
nation of the bonds when placed as
collateral led to the downfall of their
idea and confession Of the robbery.
The story was told by the thr,s men
who succumbed to the temptation
Kennett, his friend, George w. Good.
who Is manager of the jewelry depart
ment OF Robertson Bros department
store, South Bend, and chief usher in
the Christian Science church of that
city, n man regarded as responsible
employe and fine character; and
Goods friend, John Cook, superinten-
dent Of the c. H.TDptton e. Bros. foun-
dry, Kalamazoo, Mf,1., whose friends
regarded him as a Model of probity
They have made confessions. Kennett
and Good are being held.
kennett's Story.
This Is Kennett's story, much as he
told 1t to J. S. Schumacher. general
superintendent of the Pinkerton Ma
tioral Detective Agency:
Jan. 4 was Saturday. We were. sup
posed TO quit at 1890. It was 1882
when I punched the time clock. I
went out, but I had forgotten some
thing. went back.
"As entered the office I saw q
package on the floor. picked it up.
intending to put 1t on the desk 1t was
torn. and saw that 1t contained Lib
s'rty bonds. I pulled one out. 1t was
for $4,000. I put It back quickly. and
slipped the package into the right hand
outside pocked of my overcoat. Then
I went out.
y said nothing TO ony enc about that
package. But I couldn't think Of any,
thing else. counted the bonds when
I was all alone. Twenty-Five Of them.
Each for $4,000. A quarter OF mil
lion dollars. A fortune IN n shabby
overcoat pocket.
TIme Clock Fixed Alibl.
Then began to realize what 7 had
done. I was thief. had stolen n
quarter OF a million dollars. I had
stolen more than could ever hope to
earn. What would happen IF were
found out? But wouldn't be found
out. knew that. had checked out
at 1892. remember. The bonds were
delivered at 12:40. That fact was es-
tablished firmly thru the testimony
OF Eddy Snyder, the office boy. and
Harry Larkin. the mail carrier There
wasn't even a suspicion against me.
II carried the bonds only two days.
The feel Of them began to burn my
| fingers, to scar my brain, to make my
heart sick. What fool had been.
I had stolen all that money and I
couldn't dispose Of 1t. even II would.
The bonds were numbered. The banks
had the numbers. myself, in my du-
ties as telographer, had sent the num-
bers to numerous banks thruout tho
country. who had stolen them help
ed to make their disposal impossible.
Burns Some Of Bonds. y
to the furnace. took that package
from my overcoat. slipped out one
bond. heldIt In my hand and looked
at. that $4,000 for a long time. And
then put In on the Goals. I watched
the paper wrfthe and change color and
suddenly writhe and wither and grow
black as the flames leaped thru it.
II put another bond onto the Goals,
and another and another Twenty two
| bonds I burned. one after the other
The twenty third bond I held In my
hand. Il extended It toward the fire
then drew 1t back. I don't know why
but couldn't burn It. would give II
back, that and the two others. I had
burned up $4,000! I held $4,000 In
my hands. I would give 1t back No
would keep 1t. Some day perhaps,
could get money on those three.
confidcs In Mr.. Good.
| IT kept the three. For nearly ter
months r kept them. struggling witt
the temptation, At last made up my
mind. I would give them back II there
was any way could do it and avoid
arrest.
~ decided TO conflde IN Mr.. Good
He was my friend. He was good
man. He went to church regularly
He had an excellent reputation. And
he was wise. He would get those
bonds bnck to the Studebaker com
pany without getting either himself OF
me suspected.
| 80 I went to him ana told him my