The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-01-12
Five Illinois Officials
Net Small Fortune
Continued from Page One)

Continued from Page One)
thereby to acquire for their own pene-
fit a large sum of money in interest,
was entitled.
The people will offer and show
. that the defendants falsely pretended
that the place of deposit of these
funds was a bank, whereas it was not
a bank.
The defendants pretended that GER
tficates Of deposit We're genuine Ger
tificates Of deposit, whereas they were
bogus.
"The defendants falsely represented
that the interest rate was about per
cent, whereas the amount paid in in
terest and discount was from to Sis
per cent.
Charge Report False
"They pretended that the reports
of Small, as treasurer, and Sterling,
as treasurer, of interest earned were
true reports, whereas the reports were
all false and untrue.
They pretended in the official
records that the funds were on deposit
in bank in accordance with the
state law, whereas they were not de.
. and loaned to corporations for the pr.
vate benefit Of the defendants
The narrative hidden under the legal
phraseology continues:
Small, as treasurer, and Sterling,
as treasurer. withdrew from the. state
treasury and the bank Of depost--the
Fort Dearborn National bank-large
sums Of money belonging to the state
and the defendants caused them TO be
invested for their own benefit.
Bogus Certificates of Deposit
AS a further device in the execu-
ton OF the scheme, the defendants
issued false, bogus certificates of de-
post purporting TO be issued by the
fictitious bank known as the Grant
Park bank. These We're merely q
false pretense by which funds Of the
state were turned over to Edward
Curtis and Vernon Curtis for unlawful
private investment and gain.
These funds were used to pur.
chase notes and other securities Of
persons and corporations, among 9th.
ers Armour & Co., Swift & Co., Morris
& Co., and the Cudahy Packing Com.
pany. On these they received to
Sls per cent. This interest and profit,
including discounts, was withheld and
retained by the defendants and un.
known persons for their own use No
report of the interest was ever made
10 the state by Small.
S9,700.000 In Smaii's Control
AT the expiration of Smals term
there was $s,7oo.oo0 under his control
and that sof Edward Curtis and Yer.
non Curtis and this was withheld from
the state when Sterling became trea.
surcr These funds were TO remain
and did remain under the control OF
Small and the Curtis brothers through.
out Sterling's term, during which he
turned over to them large additional
sums.
In furtherance of their agree.
ment Sterling appointed Small as ex.
aminer and Investigator of securities
for the state. u capacity in which he
served throughout Sterling's term. The
purchase OF packers notes and siml.
lar securities continued.
Taking up the amounts OF interest
paid on the packers notes and turn.
ed in by the two treasurers, the bill
recites that Small transferred n tota'
OF sl1sls.500 to the Grant Park bank.
that by far the greater part of this
went by way Of the safe account
route. but that s4,0s5,0 200 reached
there In some other way. Sterling is
charged with having permitted this
bank to have sl1.5Oo.OO0 during his
term.
The states charges are denied by
Small, Sterling and Curtis.