South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-11-01
BAIL FIXED
At $4,000 IN
BOND THEFT.
Kennett and Good to be Ar
raigned in Superior Court
This Afternoon.

Formal charges Of grand larceny
.gainst Leo NJ. Kennett. the stude-
baker corporations telegrapher who
confessed TO the destruction of %
OF the 25 $4,000 Liberty bonds
which disappeared from the COrpOr-
atoms Offices last January, and
charges Of receiving stolen property
and conspiracy against George w.
Good. head Of the iewelry depart
mant in a down town department
store. and John Cook, well known
citizen of Kalamazoo. Mich, will be
filed by County Pros Samuel p.
Schwartz in the ST. Joseph superior
court this afternoon.
The bonds for the release Of the
three men will be placed at 10000
each. Kennett and Good are in the
custody Of the police here, while
Cook is 10 be arrested at Kalamazoo
during the day.
Warrants TO be Issued.
The warrants for the formal ar
rest OF the three men will be issued
upon the ahidavits OF n. r. Feltes.
treasurer of the Studebaker corpor-
alton. The defendants are 20 be TAX
en- directly 10 the superior court in
order TO avoid the necessity of a
preliminary hearing in lower
court.
Good was interrogated this morn
ing by Pros. Schwartz in regard 10
the confession made by Kennett. inn
pIicadng Good in an attempt TO ne
cotiate $4,000 OF the Liberty bonds
found Ivy Kennett which were not
burned 10y him
According 20 Kennett's confess
sion. after finding the package con-
tanning the S25O.00O in Liberty
bonds. and after burning % of the
25 bonds, the telegrapher went to
Good for advice. Keunctt says that
Good advised him to dispose Of the
certificates by negotiation. Kennett
further says that Good told him that
he knew a man who would be able
to negotiate the bonds.
Cook Enters Transactions.
This is where Cook enters the
transa cticns. He is said TO be well
and favorably known in Kalamazoo
where he Is said TO conduct a loan
business an the nature OF private
bank, the loans being made prin-
cipaIly on mortgages.
With the aid OF Cook. Kennett
saws that he and Good planned TO
put up the S3O.O 900 in Liberty bonds
as security fo= three notes totaling
$4,000. Then Alfred c. Mills, a well
known Kalamazoo lawyer entered
the case rs a legal adviser regard
l.
recognized the serial numbers on
the three bonds as those Of tho
bonds which disappeared from the
Studebaker corporations offices in
south Bend last January. He imme-
diateIv communicated this informa-
tfon 10 the corporation officials here,
and after two weeks OF investigation
by the corporation. the arrest OF
Kennett and Good was made
Refuses Reward.
According 10 A. r. Ersl1ine presi-
dent OF the corporation. Mr.. Mills
has refused 10 accept any reward
for his information leading 10 the
recovery or three OF the missing
bonds. and further information OF
the destruction Of the remaining %
certificates
Kennett and Good are confined at
DoIfce headquarters. Numerous
friends Of Good visited him at the
city laH yesterday and last night
and many offers OF assistance We're
made.
Mr.. Goods trouble comes as a
great shock 10 us. His has been an
upright life for 65 years and for
that reason we are willing 20 do al
we can 10 help him % said one visitor
at the city Jail last night. There
will be hundreds OF us ready TO sign
his bond" this friend declared.
No loss TO Company.
The recovery OF the three bonds
and indisputable informa tion that
the remaining % certificates have
neen destroyed assures the Stude.
baker corporation against loss The
Government Will reissue bonds tC
the amount Of those proved TO have
been destroyed and the corporation
is now in possession Of the three
bonds Kennett did not burn.