Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-03-01
SIPE, IN JAIL,
MAKES NO TRY
TO GET BOND
Continued From Page one.)


| shortage was discussed. Attending the
conference were Jesse E. Eschbach, chief
I examiner of the board of accounts; Wal
| ter Owens and Lawrence Orr, deputy ex-
aminers; Leo K. Fesler, county auditor;
Baxter V. Ravens, branch manager of
| the Hartford Accident and Indemnity
Company, the bonding company, and
/ Frank Davidson, attorney for the bond
/ ing company.
Loss MAY FALL
] ON INDIVIDUALS.
] While no statements could be obtained
from persons attending he conference, it
is understood the question of where
money is to be obtained to meet demands
on the office and the question of who
Will lose the money dissipated in excess
of the 100000 bond given by Sipe were
discussed. On the question Of where
money is to be obtained to operate the
office it is understood no decision was
reached. 1t is the theory sof those who
have studied the case the money dis
sipated in excess Of the bond and what
restitutions may be made probably will
be lost by persons to whom the money
is owing. 1t is contended the county
is not responsible because the money
was not public money, but belonged to
individuals.
The money in the trust fund which has
been dissipated consisted of money due
on judgments and estates, and alimony
and support money ordered paid by the
courts. 1t appears, unless complete res
titutiOn can be made, many divorces
will be without their allmOny and many
dependent families will be without money
erring fathers and husbands have been
ordered to pay them.
BONDING COMPANY
DECLINES ADVANCE.
On the question of obtaining money
with which to operate the Office it is I'M
derstOOd the bonding company has sheen
asked to advance some cash, but 1t is
not inclined to do so until Sipe's accounts
are checked and the exact amount and
nature Of the losses determined. Il prob
ably will be several days before 4 check
can. be completed.
Another conference of the bonding com
pany officials, county officials and board
Of accounts representatives was expected
to be held this afternoon at which these
questions were expected to be discussed
further.
The grand Jury probe, which has been
ordered to start next Monday, will go
deeply into the crash that has carried
Sipe down, It is said. II is understood.
according 20 Information from county
officials, It VIII embrace these points
l Who, II any one besides Sipe Is TO
blame for what one official described
as terrific malfeasance In Officer"
2. Who. If any one. used his friend
ship with Sipe with a view Of using
the money In his custody?
3. How was the money spent7
+. How was the clerk enabled to keep
his defalcations secret from other OT.c-
ials?
Orders were issued by the field ex-
aminers who are checking the books that
no money can be paid out OF the clerks
office pending further Instructions
Money, however. due for alimony, sup
port and in compliance with other court
DEGREES will be received.
CARRIES FRIENDS
DOWN IN CRASH.
1t has developed that Sipe carried some
Of his friends with him In the crash
that has caused a sensation in Marion
County.
One OF the victims is his cashier, Mrs.
Mary Gunter Bell who declared she
had given Mr.. Sipe 5000 Of her personal
savings about a week or ten days ago
when he was engaged In an effort TO ave.
II disclosure.
Ter one who had come to NJ
rescue is Louie Brown, profes
b.. bondsman, who said he had ad
van ed the clerk $500 not long ago
SIpe. bland and smiling. was at his
l office this morning and, according to
his own statement, was prepared 10 write
his resignation at once for submission
TO the board OF county commissioners.
ARRIVING CHECKS
FORCE ACTION.
Don't cry" said Sipe when Mrs. Bell
appeared at the office Don't you see /
have smile on my face You have been
regular pal TO me In this office. You
have stuck'by me and will never forget
ii, | am going to try to rustic up the
money. Everything will come out in the
wash"
TWO EXAMINERS
WORhING ON BOOKS.
In the meantime the two field exsmin-
ers are busily engaged in checking over
/ the books in the clerks office and it Is
expected it will be several days before
( they have a report ready TO issue
Il was a good man at managing the
| office and the inside work" said Sipe,
but ] was u poor business man. When
a person came TO me day after day and
begged for aid, promising that the
money would be well cared tor and that
1 would profit by the investment.
yielded simply because it appeared that
l was incapable of refusing
/ Il can say that | did not lose the
money by gambling. either at poker or
on the stock market The sole reason
for the loss was lack Of good judgment
! Il alone am to blame for this short
age and I expect to stand the gaff.
Whatever Punishment is necessary in
paying Tor my actions I shall take with
out complaint. l have friends who will
stand by me under all circumstances.