The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1919-12-05
LOGAN TO
MEET OFFICER
FROM LAKE co.
AS He is Released from Sing
Sing Prison, He Will Be
Brought Back To Indiana
Prison.

r. n Logan. former president of the
First state Bank of Grimth which he
wrecked and who is now serving time in
sing Sing prison in New York. is to be
brought back 70 Indiana soon 70 face
embezzIement charges which have been
nled against him as result Of his mis-
management Of the Griffith banks
affairs.
The whereabouts of Logan. which was
a mystery for long time. has been
known 10 only few OF the many people
interested in seeing him brought to JUS
tice when the absconding president
vas anally located he had already been
Imprisoned for working a similar game
IN New York and d watchful waiting
policy had been observed until he had
served his sentence
Logan will be released from the New
York penitentiary on December 20 and
when the warden opens the doors for
him. Omcer oscar Borchert cf the Ham
rnond police will be there ready 70 take
him in charge and bring him back to
Lake county Extradition matters IN
connection with his re-arrest have all
been arranged and Logan will spend
Christmas IN the Crown Point Jail
Iogan's Illegal manipulation OF the
Grifith banks books became evident
August IS. 1915. when a state examiner
made an investigation He quickly
found that the bank was insolvent and
that lnonet had been sidetrackod While
tire oficial was making his examination
Logan. as was customary. told The ex-
arniner that he had 10 come 70 Ham
S. - kf.g.ts q,
bunch Of drafts TO the Citizens bank in
Hammond ard asked for $1,000 currency
which was given him.
That evening he registered at Ham
mond hotel. bur II was found later that
ne left the hotel at 2:00 o'clock in the
night went TO hts wife to say farewell,
and has not since been In Lake county.
He went first 70 a Chicago department
store. where he purchased a complete
change OF clothing. seeing TO Il that
there was nothing about his person
whereby he could be Identified. The old
clothes were placed IN a trunk and
checked to New York but # was never
claimed and was later returned to the
department store.
Efforts at locating the man we're
fruitIess until newspapers carried the
story or hts arrest IN New York on an
ernbezzlement charge. It was learned
that he had been given a prison sen
tonce there 50 justice Of Indiana wait
ed untn the New York term had been
served The specific charge on which
he is to be prosecuted IN Lake county
Is the theft OF $1,000 Of the banks mon
ey which he drew from tho Citizens
bank OF Hammond.
Petition for q receiver was hled in
the Hammond superior court August es,
1915 under the title OF the State OK
rel Dale Crittenberger. auditor OF
state vs.. the First state Bank OF Grif-
eth. The Lake County Savings &
Trust Co. Of Hammond was appointed
receiver. Reports OF the receiver show
that the total loss to tho bank as a re-
suit or Logan's work, amounted TO
.9oss3. Dozens OF uncancelled
notes were found which had been paid
FOR some time Excessive loans were
made to the j. &. wylie CO.. n which
Logan was an officer and which has
since been declared bankrupt rendering
notes amounting to over $4,000 worth
less The Wylie Co, as we'll as the
Griffith Hide Co. and the Indiana Hide
Co were used in other ways in mis-
appropriating the banks funds
The receiver this fall was able % an
nounce that all Of the creditors Of the
wrecked bank had been paid 100 cents
on the dollar and that there would be
something left for the stockholders.