The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-07-16
KIMBALL HELD
DEFAULT BOND
Trader in Rock Island Secur-
tiles to Be Tried Next
Friday Morning.
BAIL FIXED AT $4,000.

Arrested in Chicago nv rrarr
Csknnyo shipp, OF the department. t
OF Justice, returned to Chattanooga and
logged IN the, police station at s'ss
bail, accused OF obtaining s6. 600 from
the Hamilton National bank on alleged
worthless railroad bonds. faced iIudva
martin Fleming in the city court Fri
gay. lie was charged with obtaining
money under false prctense,
Although the case was continued m, i.
tll next Friday morning at 10 O'clock.
ooth the defense and prosecution
spared for several minutes over the
amount OF the bond. The insistence
m e ne bank was that bah cover the
$4,000 involved. The defense claimed
that all of Kimbals property and
money In Tho. Warthurg bank has been
tied UP by the bank and asked for n
nominal bond
The court. fixed bail at $4,000, which
by noon. @
While efforts were being M, tor,n nv
his attorney. II. II. Mack, TO secure hja
release, kimball was allowed to remain
IN the sergeant's office where he passed
much OF the time by reading or con-
Nerslng with those In the office. lie
did not appear TO be nervous was ouiat
and collected, and apparently was not
worrying TO any great extent over His
predlcament, He is a middle aged man
OF good appearance and pleasant face.
When the ease Of klmball was called
lne prosecution announced It was not
ready on account OF the absence OF the
banks attorney, c. NJ. Preston. vice.
president of the Hamilton National
stated that the bank had been unable
20 get In touch with counsel and wished |
Y, NJ nave some out.of-town witnesses on |
hahd Tor tho hearing. |
Preston Prosecutes,
ATTORNEY Mack, who is being assisted |
by Judge W, u Strickland, OF Wnrt- |
burg. in defending Klmbnll stated thnt
ne defendants money and property
we're under attachment, Mr. Mack
'ailed attention to his clients owner.
mp OF an apartment house In Knex-
fille valued at several thousand dol
ars, also to considerable property Ia
AorEans.eonnty and $4,000 in the bank
y Wartburg MT, Preston took excep-
ION 70 the amount the property was
laimed to be worth, stating that most
4 the property was IN the name of
wife, He snld the bank was
Informed there was mortgage OF
1000 on the apartment house, the
alue OF which was given as 81, 900.
lack retnlIated with the statement
hat the banks now value propertv Mt
bout % cents on the dollar, laugh
lgly remark!ng that he had had occa-
ION lately to borrow n little money.
Mr.. Preston said Kimball did have
5000 OF the banks money and he felt
hat the bond ought to cover thot
mount: Something was said about
ne railroad bonds, and Preston de-
Jared that the bank would bo glad 10
Klmbalfs contention was that the
onds are good and that they were be-
lg traded every day
Judge Strickland explained TO the
ourt that both Kimball and his wife
ere made party to the suit brought
the bank to recover on the bonds
says Bank Placed Value.
When the bond transaction took
lace kimhall according TO a state
ent OF the defense. refused to state
AVS 70 Investigate them. 1t is claimed
mt the. bank placed value and
ought them at that price, after which
imbh1l went his way. Both Judge
irickland and Mack have known the
,fendant many years.
Following his departure from Chat
nooga. Kimbail ia said 20 have writ I
n cards to several friends In Morgan v
unity, where he Ia regarded Rs a lead |
= citizen, II was pointed out. lie c
SO wrote letter to Mack from New n
1rk two or three days ago. Judge
rickland is an officer of the Wart I
'rg bank, In which institution money e
longing TO KImball has been tied up. a
II was stated that the warrant for d
mbalfs arrest was sworn out before
! IN
r OF the bank =,
II was further stated by the defense Al
nj when Shpp arrived here Thurs.
Y afternoon with his prisoner he took Ia
n to the bank over his objection and n,
NJ Of his attorney, According 10 tho M
Tense, the bank cndeavored TO effect =,
settlement but Kimball said there -,
~ nothing to settle, KimbaT the =,
'tement Of the defense relates. was "
IN taken before Squire Lawrence and ~
bond fixed at 81 500, but no mlttl- W
IN was issued. when a bnndsmau
= taken 10 Squire Lawrence office b'
ts said that there was a refusal TO w
'ept the bond. Rs the magistrate had b'
Jurisdiction In the matter ghlpp b'
N turned the prisoner over TO the 4,
officials ana he was later roEls- u
ed at police headquarters on The ia
'und, II Ia understood, that there IA
no mttimus to commit him to the IN
lnty bastile ed