Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-28


during the war period. Pledges Of sup
port for the nomination for clerk were
given him and he turned his attention
to that race which he made successfully.
MADE FRIENDS
READILY.
In the clerks office sipe made hun
official business. He reorganized the
staff Of clerks, improved the system Of
record keeping and won great deal Of
commentator by his courtesy.
During the last city campaign, Sipe
aligned himself with the party nominee
and took an active part In the Shank
campaign. He expected to be candidate
for reelection to the clerks office and
expected the support of the Shank or
ganization in the coming race.
ESCHBACH TOLD
OF REPORTS.
Jesse e. Eschbach, chief examiner of
the State board of accounts, said he was
called to the city controllers office at
o'clock Monday afternoon where examin-
ers Of the board had been making their
regular examination. He said he was
told Of reports that there were difficult
ties in the clerks office.
1--WE have no evidence or even reason to
believe that Mr.. Sipe is short" Mr.. Esch-
bach said. 'In view Of the rumors con-
corning the condition Of his office we are
merely speeding up the annual account
ing"
Mr.. Eschbach said it may be a month
before an accurate check of all the ac
counts In the clerks office can be COM
pleted
MARSH-AND DAILY
TAKE UP EXAMINATION.
The examiners who are working in the
clerks office started their examination
at about II oc,ock. The examiners are
William A. Marsh and Charles B. DAILY.
The trust fund of the clerks office
where the shortage is said to exist,
amounted to $1S4 $40 on Dec. 81, 1920,
records in the office of the board Of ac-
counts show. These records are dated
Nov. 2, 1921. The same records show
that on Dec 81, 1920, there was a dis
crepancy Of only $2.7O in Mr.. Spe's ac
counts Board of accounts examiners, 1t
was said at the Statehouse, considered
Mr.. SipeS office one of the best from an
accounting standpoint in the State
PAYS PREMIUM
ON 500 900 BOND.
Mr. Sipe was elected four years ago
next November. His term will expire
Jan l. 1t was discovered that he only
yesterday had paid the premium upon
his $1OO,O00 bond for this year. The pre-
MUM was handled through a local
broker.
The report that Mr.. Sipe was short
was spread over the city hall Monday
afternoon like wildfire. City hall poll
ticians began to make efforts to cheek
it up. One friend of Mr.. Sipe said he
went to him late Monday afternoon and
told him of the rumor. The friend said
the county clerk laughed at the report
and told him there was nothing to it..
The friend advised Mr.. Sipe that he had
better do something to stop the story
and Mr.. Sipe laughed again and repeated
that it was nothing to be bothered about,
it was stated.
REPORT FRIENDS TRY
TO RAISE FUNDS.
Today a number Of officials said they
learned last night and this morning that
friends Of Mr.. Sipe were working yester-
day morning and early afternoon TO
raise about $25, 900, which they thought
would cover the reported shortage. The
officials said they were told that all
efforts to come to the clerks aid were
abandoned because the reported shortage
ran too high for them to cover.
With the announcement that State
board of accounts examiners had started
WORK on the CLERKS DOCKS all SOrCS OF
stories circulated through official and
political channels
Various industrial and financial enter
prises with which Mr.. Sipe is reported
to be connected were recalled by those
who passed the rumors along, but Mr..
Sipes friends insisted that even If he
had made unwise investments, which
they would not admit, they were out Of
his personal resources. Many were of
the impression that the clerks personal
fortune was comfortable
An official Of the Continental National
Bank, which is one Of the repositories
for funds from the clerks Office, said
that several days ago two checks came
from the clerk and it was discovered
there were no funds left to cover them
1--WE made an investigation but dis
covered nothing so we merely sent the
checks back" said the official. 1.-THE
bank is entirely in the clear. We lost
nothing"
eve are investigating, but have moth
ing definite to announce said V. V.
Ravens, manager of the local branch of
the Hartford Accident and Indemnity
| Company, which is surety upon Mr.. Sipe's
bond. There is a discrepancy but we
do not know how much it amounts to-